According to a market report by Lucintel, the future of the global cloud computing market looks promising with opportunities in BFSI, telecommunication, government and public sector, retail and consumer goods, and manufacturing industries. The global cloud computing market is expected to reach an estimated $2191 billion by 2030 from $661 billion in 2023 at a CAGR of 19% from 2023 to 2030. The major drivers for this market are increasing demand of cloud computing in MNC, cost savings, security and compliance, and global expansion. Cloud computing is widely used in industries such as telecommunication, IT and ITES, government and public sector, retail and consumer goods, and others. The major drivers for this market are the shifting from traditional to cloud based technology due to increasing adoption of artificial intelligence and machine learning, growing automation, and increasing need of advanced technology to increase return on investment with lower infrastructure and storage cost.

Browse 92 figures/charts and 91 tables in this 210-page report to understand trends, opportunity and forecast in cloud computing market to 2030 by deployment model (public cloud, private cloud, and hybrid cloud), service model (software as a service, infrastructure as a service, platform as a service, and others), organization size (small-and medium-sized enterprises and large enterprises), end use industry (BFSI, telecommunication, IT and ITES, government and public sector, retail and consumer goods, manufacturing, media and entertainment, healthcare and life science, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that public cloud will remain the largest market due to increasing demand for big data and the growing rate of IT spending for cloud computing.

Software as a service will remain the largest segment due to rising usage of mobile apps and increasing API connections.

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North America will remain the largest market over the forecast period due to increasing adoption of emerging technologies such as artificial intelligence, machine learning, and IoT.

Microsoft, Amazon Web Services, IBM, Salesforce, Google are the major suppliers in the cloud computing market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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