Global Public Cloud Service Market Forecast: $570.49B in 2023, Growing to $1,447.80B by 2030

Public Cloud Service Market Values

The Public Cloud Service Market was valued at USD 570.49 billion in 2023 and is expected to experience significant growth over the forecast period. With a projected compound annual growth rate (CAGR) of 14.23%, the market is anticipated to reach approximately USD 1,447.80 billion by 2030. This expansion is driven by the increasing adoption of cloud computing services across various industries, including IT, finance, healthcare, and retail. The demand for scalable, flexible, and cost-effective cloud solutions continues to rise, fueled by the need for digital transformation and operational efficiency. As businesses and organizations increasingly rely on cloud-based infrastructure and services, the public cloud service market is poised for substantial growth, reflecting its integral role in the evolving technology landscape.

Public Cloud Service Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated " Public Cloud Service Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Public Cloud Service market and its component manufacturers over the next decade.

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Public Cloud Service Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Public Cloud Service market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Public Cloud Service market are examined in the report.

Public Cloud Service Market Segmentation

by Delivery Model

Software as a Service (SaaS)

Platform as a Service (PaaS)

Infrastructure as a Service (IaaS)

Others

The market is divided into four segments based on the Delivery Model: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Others. The market was dominated by the Software as a Service (SaaS) segment in 2023, and over the forecast period, it is anticipated to hold the greatest share in the public cloud services market. Within the larger public cloud service sector, Software as a Service (SaaS) is a subset that provides hosted and distributed software applications via the internet.

by Industry

Telecommunications and IT

Retail

Government and Education

Manufacturing

Healthcare

Others

The market is divided into five categories based on industry: manufacturing, healthcare, retail, government and education, telecommunications and IT, and others. Throughout the course of the forecast period, the public cloud service market share is anticipated to be dominated by the telecommunications and IT segment, which led the market in 2023. Within the public cloud service market, the telecommunications and IT sector is a vital area that greatly depends on cloud computing for service delivery, infrastructure management, and quick innovation.

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Public Cloud Service Market Key Players

North America:

1. Amazon Web Services (AWS): Seattle, Washington, United States

2. Microsoft Azure: Redmond, Washington, United States

3. Google Cloud Platform (GCP): Mountain View, California, United States

4. IBM Cloud: Armonk, New York, United States

5. Oracle Cloud: Redwood City, California, United States

6. Salesforce: San Francisco, California, United States

7. VMware Cloud: Palo Alto, California, United States

8. Rackspace Technology: San Antonio, Texas, United States

9. Digital Ocean: New York City, New York, United States

10. Adobe Experience Cloud: San Jose, California, United States

11. Service Now: Santa Clara, California, United States

12. Red Hat OpenShift: Raleigh, North Carolina, United States

13. Cisco Cloud: San Jose, California, United States

14. Dropbox Business: San Francisco, California, United States

15. Nutanix Xi Cloud: San Jose, California, United States

16. Box Platform: Redwood City, California, United States

17. Zendesk Sunshine: San Francisco, California, United States

18. Workday Cloud Platform: Pleasanton, California, United States

19. Akamai Cloud Security: Cambridge, Massachusetts, United States

20. Twilio Cloud Communications: San Francisco, California, United States

Asia Pacific:

21. Alibaba Cloud: Hangzhou, Zhejiang, China

22. Tencent Cloud: Shenzhen, Guangdong, China

23. Baidu Cloud: Beijing, China

24. Huawei Cloud: Shenzhen, Guangdong, China

Europe:

25. SAP Cloud Platform: Walldorf, Baden-Württemberg, Germany

Table of content for the Public Cloud Service Market includes:

Part 01: Executive Summary

Part 02: Scope of the Public Cloud Service Market Report

Part 03: Public Cloud Service Market Landscape

Part 04: Public Cloud Service Market Sizing

Part 05: Public Cloud Service Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Public Cloud Service market report comprises an extensive analysis of the Public Cloud Service industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Public Cloud Service Market Report are:

What is Public Cloud Service Market?

What is the forecast period of the Public Cloud Service Market?

What is the competitive scenario of the Public Cloud Service market?

Which region held the largest market share in the Public Cloud Service Market?

What are the opportunities for the Public Cloud Service Market?

What are the restraining factors in the Public Cloud Service market?

Who are the key players of the Public Cloud Service market?

Key offerings:

Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends

Market Segmentation: A detailed analysis by Public Cloud Service

Landscape- Leading key players and other prominent key players.

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