Cloud Hosting

Global Market Insights Inc.

Major public cloud market participants include Alibaba Group Holding Limited, SAP SE, Oracle Corporation, IBM Corporation, Tencent Cloud and Nutanix.

Selbyville, Delaware, March 29, 2023 (GLOBE NEWSWIRE) --

The public cloud market valuation is expected to reach USD 1 trillion by 2032, as reported in a research study by Global Market Insights Inc.

The growing adoption of cloud computing solutions in developing countriesis slated to have a positive impact on the industry outlook. Rapid uptake in emerging countries such as India and Singapore due to thriving digitalization and the development of advanced network grid infrastructure is playing a key role in establishing cloud-operated businesses. In September 2022, the Government of India announced an investment of USD 30 billion for digital transformation in rural areas that will ensure good quality, high-speed data connectivity across the nation.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5442

The public cloud market from the IaaS segment is poised to exceed USD 350 billion by 2032. Soaring digitization and soaring inclination toward cloud-based business operations are increasing the demand for IaaS that offers inexpensive delivery of IT infrastructure, such as computing and storage. Recently, in February 2023, Tencent Cloud, a technology solutions provider, signed an MoU with Saudi Arabia-based integrated service expert Mobily to provide IaaS products, such as cloud virtual machines, storage, and network solutions, in the Kingdom of Saudi Arabia.

The public cloud market from the large enterprises segment was held more than 40% industry share in 2022, as a result of the huge amount of less-sensitive data possessed by large businesses that need adequate storage. The public cloud is affordable and supports the integration of novel measures into business models. In February 2023, computer technology behemoth Oracle announced a seven-year cloud partnership with Uber, a mobility services firm. Oracle Cloud Infrastructure agreed to aid Uber in boosting innovation, storing client data, and modernizing its infrastructure.

Story continues

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/5442

The public cloud market from the media and entertainment applications segment will expand at over 12% CAGR through 2032. The adoption of public cloud is growing in the media & entertainment sector as it improves the effectiveness and quality of content streaming compared to on-premise infrastructure that hampers content quality and demands significant maintenance. To cite an instance, in July 2022, Comcast Technology Solutions announced a deployment deal of its Cloud TV Suite with Deutsche Telekom. The company expanded its cloud solution portfolio for Deutsche Telekoms Magenta TV business landscapes.

Europe public cloud market will account for over 20% market revenue by 2032, as major companies are investing heavily in technical innovations for regional infrastructure. To quote an instance, in August 2021, tech leader Google announced an investment of more than USD 1 billion to extend a new Google Cloud region in Frankfurt. The company aims to accelerate digitalization in Germany and build a sustainable economy with advanced infrastructure and clean energy.

Top participants operating in the public cloud market are Alibaba Group Holding Limited, SAP SE, Oracle Corporation, IBM Corporation, Tencent Cloud., and Nutanix. These firms are expected to focus on advancements in product capabilities and engage in promising collaborations. For instance, in May 2022, IBM Corporation, an advanced technology firm, inked a collaborative agreement with Amazon Web Services Inc., an IT service management company, to enable SaaS software on AWS. This software supports automation, security capabilities, AI & data, runs cloud-native on AWS, and is built on Red Hat OpenShift Service. This deal enabled users to access IBM SaaS software within AWS marketplace and integrate it with AWS services.

Partial chapters of report table of contents (TOC):

Chapter 2Executive Summary2.1 Public cloud 360 synopsis, 2018-20322.2 Business trends2.2.1 Total Addressable Market (TAM), 2023-20322.3 Regional trends2.4 Deployment model trends2.5 Organization Size trends2.6 Application trendsChapter 3Public Cloud Market Industry Insights3.1 Introduction3.2 Impact of COVID-193.2.1 North America3.2.2 Europe3.2.3 Asia Pacific3.2.4 LATAM3.2.5 MEA3.3 Russia- Ukraine war impact3.4 Industry ecosystem analysis3.4.1 Platform providers3.4.2 Service provider3.4.3 System integrators3.4.4 Distribution channel analysis3.4.5 End-users landscape3.4.6 Profit margin analysis3.4.7 Vendor matrix3.5 Technology & innovation landscape3.6 Patent analysis3.7 Key initiative and news3.8 Regulatory landscape3.8.1 North America3.8.2 Europe3.8.3 Asia Pacific3.8.4 LATAM3.8.5 MEA3.9 Industry impact forces3.9.1 Growth drivers3.9.1.1Increasing Integration of big data, AI and ML with cloud3.9.1.2Increasing Public cloud spending3.9.1.3Growing adoption of cloud computing solutions in developing countries3.9.1.4Rising deployment of IaaS and PaaS in SMEs3.9.1.5Cost effective and scalable3.9.2 Industry pitfalls & challenges3.9.2.1Data privacy and information security concerns3.9.2.2Cloud Wastage3.10 Growth potential analysis3.11 Porter's analysis3.12 PESTEL analysisBrowse our Reports Store - GMIPulse @https://www.gminsights.com/gmipulse

Browse Related Reports:

Multi-Cloud Security Market Size By Offering (Solution, Service), By Security Type (Data and Storage Security, Identity and Access Management (IAM), Disaster Recovery, Governance, Compliance), By Organization Size (Large Enterprises, SMEs), By End-Use (IT &Telecommunication, BFSI, Healthcare, Retail, Manufacturing, Government & Public Enterprises), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 2032

https://www.gminsights.com/industry-analysis/multi-cloud-security-market

Open-Source Intelligence (OSINT) Market Size By Security (Human Intelligence, Content Intelligence, Big Data Security, AI Security, Data Analytics, Dark Web Analytics, Link/Network Analytics), By Technology (Big Data Software, Video Analytics, Text Analytics, Visualization Tools, Cybersecurity, Web Analysis, Social Media Analysis), By Application (National Security, Military & Defense, Private Sector, Public Sector), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 2032

https://www.gminsights.com/industry-analysis/open-source-intelligence-osint-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

See the original post:
Public Cloud Market to hit $1 Tn by 2032, Says Global Market Insights Inc. - Yahoo Finance