Cloud Computing Market Size, Segmentation To 2022: Grand View Research, Inc.


Cloud Computing Market Size, Segmentation To 2022: Grand View Research, Inc.
Cloud Computing Market Analysis By Service (SaaS, PaaS,
IaaS), By Deployment Model (Private Cloud, Public Cloud,
Business Process) and Forecasts 2015 to 2022.
Increasing prevalence of chronic diseases coupled with rising adoption of IT based
solutions is expected to drive the cloud computing market over the forecast period.
Growing demand for computerized billing system, effective cost management and
high concern for privacy are anticipated to drive the market in the coming seven
years. The traditional IT work in healthcare sector could perform limited number
of works and generally used for the functions like developing, deploying and
testing application, which was the underutilization of resources. Public cloud based
monitoring system provides a significant opportunity to the small organization so
that they can share the data with minimum cost. Faster payback and high rate of
return are also some of the important drivers of this market. The global cloud
computing market is anticipated to show lucrative growth by 2022 owing to
increasing IT cloud service coupled with rising in number of vendors.
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By service, SaaS (software as a solution) hold the major share in terms of market
revenue in 2014. Its content, communication, collaboration and CRM activities are
the main reasons for its continuing dominance over the forecast period. Private
cloud model is anticipated to witness highest growth over the forecast period due
to high level of security, data longevity and lower maintenance cost. The rising
concern about online data security is also triggering the market for private cloud
rather than public or hybrid cloud based model. Based on IT capability, business
segment accounted for the largest share in 2014.
With lucrative market share this segement is expected to witness further growth
due to rising e-commerce, online payment process and cloud based advertisement.
In 2014, North America was dominant in the global cloud computing market
owing to technological advancement and active online presence. But in the forecast
period it is anticipated to lose significant amount of share to Europe and Asia
Pacific region. Asia Pacific region is expected to show highest growth rate by
2022.The emerging nations provide significant opportunity due to presences of
huge potential market and continuously increasing number of internet users.
Some of the major market players of the global cloud computing markets are IBM,
Akamai Technologies, Google,HP, SAP AG, Citrix Systems, Inc., CA
Technologies, Cisco Systems and Enki Consulting.
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
Sherry James
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Grand View Research, Inc.
United States
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