Cloud Computing Market – Global Opportunities & Forecast, 2020-2027

1. Report Title Cloud Computing Market – Global Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers. The Cloud Computing Market drivers and trends are as follows: Some of the major factors driving the demand of the global cloud computing market include rapid digital transformation among different industries, rising penetration of the internet and smart devices across the globe, coupled with the growing consumption of big data. Furthermore, the increasing adoption of the Internet of Things (IoT), 5G, use of real-time analytics by Artificial Intelligence (AI) and Machine Learning (ML), cloud computing, will boost the adoption of cloud technology among large organizations. Cloud computing technology provides various functions such as storage processing and networking power using Artificial Intelligence and Natural Language Processing (NLP). As per the World Economic Forum, the fourth industrial revolution is increasing the adoption of advanced technologies such as cloud computing, Artificial Intelligence, and IoT. The companies across various industry verticals are combining cloud computing with this innovative technology. Furthermore, the rising adoption of Infrastructure as a Platform as a Service, Service, and Software as a Service, especially among the Small and Medium Enterprises (SMEs), is another driver fuelling the growth of the market. The government of both the developed and developing countries are focusing on launching initiatives and programs to support the adoption of advanced technologies in several industries, including manufacturing, retail, consumer goods, BFSI, and others. The UAE government has introduced digital initiatives and programs such as the Fifth Generation – 5G, Digital Invoicing, Smart Dubai, and numerous other technology-related programs. This factor will create new growth opportunities for the global cloud computing market during the forecast period. The significant change in the enterprise’s preference towards digital transformation and the rising focus on 2

3. providing excellent customer experience are factors that accelerate the adoption of cloud computing services, reducing enterprise costs. The emergence of the COVID-19 has promoted the companies to offer work from home models to safeguard their worker's well-being and maintain operational efficiency. This has propelled the demand for Software-as-a-Service (SaaS)-based collaboration solutions. With the increasing focus on staying at home and maintaining social distance, individuals now prefer to stay at home, which has raised the amount of ideal time they have. This factor has promoted them towards various streaming platforms such as Amazon, Hulu, Apple TV, Disney+, Netflix, and YouTube, which is surging the demand for IaaS to capture the shifting consumer demand. On the other hand, the increasing number of cyber-attacks and critical digital loss will restraint market growth. Key Benefits of the Report: •This report offers an analytical depiction of the cloud computing market while providing the current trends and future estimations to determine the imminent investment pockets. •This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the cloud computing market share. •The report also provides a detailed cloud computing market analysis based on competitive intensity and how the competition will take shape over the next six years. Various companies covered in the Cloud Computing Market report: •IBM •Microsoft Corporation •SAP SE •Oracle •Salesforce.com, Inc. •Adobe Inc. •Amazon Web Services, Inc. •Google LLC •Alibaba Cloud 3

4. •VMware, Inc. •Fujitsu •Rackspace Inc. Segmentation of the Cloud Computing Market: Breakup by Service Model: •Infrastructure as a Service •Platform as a Service •Software as a Service Breakup by Deployment Model: •Public Cloud •Private Cloud •Hybrid Cloud Breakup by Organisation Size: •Small and Medium-Sized Enterprises •Large Enterprises Breakup by Workload: •Storage, Backup, and Disaster Recovery •Application Development and Testing •Database Management •Business Analytics •Integration and Orchestration •Enterprise Resource Management •Collaboration and Content Management Breakup by Industry Vertical: •Banking, Financial Services and Insurance •IT and Telecommunications •Government and Public Sector •Retail and Consumer Goods •Manufacturing •Energy and Utilities •Media and Entertainment •Healthcare and Life Sciences 4

5. •Others Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising 5

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