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Distributed Cloud Market Analysis

Report ID: GMI6741
Published Date: Sep 2023
Report Format: PDF

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Distributed Cloud Market Analysis

Distributed Cloud Market Size, By Enterprise Size, 2021 – 2032, (USD Billion)

The large enterprises segment held over 58% of the distributed cloud market share in 2022. Collaborative product development among tech companies is driving substantial growth for large enterprises in the market. These partnerships harness the combined strengths of various firms to create advanced distributed cloud solutions.

For instance, in November 2022, Equinix and VMware expanded their global relationship to deliver new digital infrastructure and multi-cloud services. They also introduced a fresh distributed cloud service known as VMware Cloud, which is available on Equinix Metal. This service is designed to offer high-performance, secure, and cost-efficient cloud solutions tailored to meet the demands of enterprise applications.

Distributed Cloud Market Share, By End-Use, 2022

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The BFSI segment accounted for 25% of the distributed cloud market share in 2022, driven by several key factors, which include stringent regulatory requirements demanding data residency & security, the need for low-latency access to financial data for real-time transactions, scalability to handle fluctuating workloads & customer demands, and enhanced disaster recovery capabilities. Distributed cloud solutions offer the BFSI sector the agility & compliance necessary to navigate the evolving landscape of digital financial services.

U.S. Distributed Cloud Market Size, 2021 -2032, (USD Billion)

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North America distributed cloud market recorded around 40% of the revenue share in 2022, due to the region’s extensive digital transformation initiatives. This transformation encompasses various industries that spur the adoption of distributed cloud solutions to modernize IT infrastructure and accommodate emerging technologies. Additionally, the proliferation of IoT devices and the burgeoning adoption of edge computing are driving the demand for distributed cloud architectures. These technologies require low-latency data processing, making the distributed cloud an ideal choice for enhancing performance and facilitating real-time decision-making across sectors such as healthcare, manufacturing & telecommunications.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of distributed cloud reached USD 4.2 billion in 2022 and is set to expand at over 19.5% CAGR from 2023 to 2032, due to the proliferation of edge computing.

The large enterprises segment held more than 58% of the market share in 2022, owing to the ongoing collaborative product development among tech companies.

North America accounted for 40% of the market share in 2022, attributed to the region’s extensive digital transformation initiatives coupled with the proliferation of IoT devices driving the demand for distributed cloud architectures.

Some of the top companies engaged in the industry are F5 Inc., Oracle Corporation, Microsoft Corporation, Google LLC, Rackspace Technology, VMware Inc., and IBM Corporation.