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DUBLIN, June 4, 2020 /PRNewswire/ -- The "Global Public Cloud Market Outlook 2023" report has been added to ResearchAndMarkets.com's offering.

The global public cloud market is anticipated to record a CAGR of around 23% over the forecast period, i.e. 2017-2023.

Factors such as rising adoption of internet of things (IoT), growing advancements in the IT industry along with the large number of benefits associated with the public cloud platforms are anticipated to contribute towards the growth of the global public cloud market. Moreover, increasing need amongst businesses to lower down their operation costs and raise their work efficiency and service quality are some of the factors anticipated to drive the growth of the global public cloud market.

Public cloud platforms help businesses to operate their work processes on a cloud infrastructure instead of deploying equipment on-premises, thereby helping businesses gain profits as the cost of equipment is saved and that there are no worries for timely maintenance of the infrastructure. Additionally, rising concepts of internet of things (IoT), machine learning, artificial intelligence and others along with the advent in IT technologies worldwide are some of the factors that are helping to expand the growth of the public cloud market.

The global public cloud market consists of various segments that are segmented by cloud computing type, service type, size of organization, end user and by region. The software as a service (SaaS) segment, which is a sub-segment of the service type segment is anticipated to grow with a healthy CAGR and reach a value of around USD 530 billion in the year 2023. The global public cloud market is also segmented by size of organization into small & medium enterprises and large enterprises, out of which large enterprises segment is anticipated to hold the major share and attain a CAGR of around 22% during the forecast period.

Based on region, the global public cloud market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The market in Asia-Pacific is anticipated to grow with a CAGR of around 26% throughout the forecast period and reach a value of around USD 150 billion by the end of 2023, primarily driven by nations such as China and India.

Some of the affluent industry leaders in the global public cloud market are IBM Corporation, Microsoft Corporation, Amazon.com, Inc., Alphabet Inc., Hewlett Packard Enterprise Development LP, Oracle Corporation, VMware, Inc., Cisco Systems, Inc., Salesforce.com, Inc. and Fujitsu Limited.

Key Topics Covered

1 Executive Summary1.1 Prologue

2 Market Introduction2.1 Definition2.2 Scope of the Study2.3 List of Assumptions2.4 Market Structure2.5 Key Takeaways

3 Market Insights

4 Research Methodology4.1 Research Process4.2 Primary Research4.3 Secondary Research4.4 Market Size Estimation4.5 Forecast Model

5 Market Dynamics5.1 Introduction5.2 Drivers5.2.1 Increasing penetration of cloud services among SMEs5.2.2 The rate of IT spending for cloud computing is growing tremendously5.2.3 Increasing Demand for AI, Machine Learning, and the Internet of Things5.2.4 Drivers Impact Analysis5.3 Restraints5.3.1 Data Security and Data Compliance Issues5.3.2 Complexities associated with data residency5.4 Restraints Impact Analysis5.5 Opportunities5.5.1 Increasing adoption of internet-of-things

6 Market Factor Analysis6.1 Value Chain Analysis6.1.1 Network Connectivity and Hardware6.1.2 Infrastructure & Hosting6.1.3 Platform & Application Services6.1.4 SaaS Providers & Integrators6.1.5 System Integrators6.1.6 End-Users6.2 Porter's Five Forces Model6.2.1 Threat of New Entrants6.2.2 Bargaining Power of Suppliers6.2.3 Bargaining Power of Buyers6.2.4 Threat of Substitutes6.2.5 Intensity of Rivalry

7 Global Public Cloud Market, By Cloud Computing7.1 Overview7.1.1 Cloud Billing7.1.2 Cloud Communication Platform7.1.3 Cloud Access Security7.1.4 Cloud High Performance Computing7.1.5 Cloud Infrastructure

8 Global Public Cloud Market, By Service8.1 Overview8.1.1 SaaS8.1.2 PaaS8.1.3 IaaS

9 Global Public cloud Market, By Organization Size9.1 Overview9.1.1 Large Enterprises9.1.2 Small& Medium Size Enterprises

10 Global Public Cloud Market, By Industry10.1 Overview10.1.1 Manufacturing10.1.2 BFSI10.1.3 Healthcare10.1.4 Retail10.1.5 Government10.1.6 Aerospace & Defense10.1.7 IT & Telecommunication10.1.8 Others

11 Public Cloud Market, By Region11.1 Introduction11.1.1. U.S.11.1.2 Canada11.1.3 Mexico11.2 Europe11.2.1 U. K.11.2.2 Germany11.2.3 France11.2.4 Spain11.2.5 Italy11.2.6 The Netherlands11.2.7 Rest of Europe11.3 Asia-Pacific11.3.1 China11.3.2 Japan11.3.3 India11.3.4 South Korea11.3.5 Rest of Asia-Pacific11.4 Rest of the World11.4.1 The Middle East & Africa11.4.2 Latin America

12 Competitive Landscape12.1 Competitive Landscape

13 Company Profiles13.1 International Business Machines Corporation13.1.1 Company Overview13.1.2 Financial Overview13.1.3 Product Offerings13.1.4 Key Developments13.1.5 SWOT Analysis13.1.6 Strategy13.2 Amazon.com, Inc.13.3 Microsoft Corporation13.4 Google Inc13.5 Hewlett-Packard Enterprise13.6 Oracle Corporation13.7 VMware, Inc.13.8 Cisco Systems, Inc.13.9 Salesforce.com13.10 Fujitsu Limited

For more information about this report visit https://www.researchandmarkets.com/r/a96wu1

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