Home > Media & Technology > Information Technology > Cloud Computing > Public Cloud Market

Public Cloud Market Share

Report ID: GMI5442
Published Date: Feb 2023
Report Format: PDF

Download Free Sample

Public Cloud Market Share

Some of the leading companies involved in the market include

Microsoft Corporation
Amazon Web Services, Inc.
Google LLC.
Salesforce, Inc.
Alibaba Group Holding Limited
SAP SE
Oracle Corporation
IBM Corporation
Tencent Cloud
Nutanix
OVH SAS
VMware, Inc.
Kamatera, Inc.
DigitalOcean, LLC.
Rackspace Technology

These companies majorly engage in new product launches and customer base expansion tactics to stay ahead in the industry.

For instance, in March 2022, Microsoft Corporation, an American Technology Corporation, launched Azure Health Data Services, a PaaS to merge health data and power AI in the cloud. The new service is designed specifically to support Protected Health Information (PHI) in the cloud and support both analytical and transactional workloads.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of public cloud was valued at USD 400 billion in 2022 and is expected to grow at over 10% CAGR over the next 10 years, owing to the integrated availability of cloud with big data, artificial intelligence (AI), and machine learning (ML).

The IT & telecom application segment is anticipated to reach USD 250 billion by 2032, on account of the strong dependence of large companies involved in the telecom sector on cloud services.

The SaaS segment held over 60% market share in 2022, as a result of the burgeoning interest of enterprises towards cloud-based AI software for optimizing operations, advancing digitalization in business models, and strengthening corporate flexibility.

The North America market valuation exceeded USD 200 billion in 2022, due to supportive government initiatives towards AI and IoT-based services in the region.