Global Cloud Computing Platform Market Report 2022: Increase Investments in Digital Initiatives and Reduce IT Infrastructure Capital and Operational Expenditures to Drive Market Growth – ResearchAndMarkets.com – Latest Digital Transformation Trends | Cloud News

DUBLIN–(BUSINESS WIRE)–In Cloud Computing Platform Market by Service Model (IaaS, PaaS, and SaaS), by Deployment Model, Enterprise Size, Vertical (BFSI, Retail & FMCG, Telecom, IT, Intelligent Transport Systems, and Manufacturing), and Region – Global Forecasts to Year 2027 The report has been added to ResearchAndMarkets.com Show.

The global cloud computing platform market size is expected to grow from USD 545.8 billion in 2022 to USD 1,240.9 billion by 2027 at a compound annual growth rate (CAGR) of 17.9% during the forecast period. Cloud computing is an on-demand delivery of a virtualized environment that includes a set of resources, such as compute, storage, applications, database, and network, through pay-as-you-go pricing service models, that enable organizations to host workloads.

According to the service model, IaaS is growing at the highest CAGR over the forecast period

By service model, Infrastructure as a Service (IaaS) is estimated to have the highest compound annual growth rate (CAGR) of 22.5% in the cloud computing platform market. Cloud computing service models are categorized into IaaS, PaaS, and SaaS. IaaS, or Infrastructure as a Service, is a type of cloud computing that provides core computing, networking, and storage capabilities to customers on demand, over the Internet, and on a pay-as-you-go basis. Describes a set of services, including hosting, provisioning, hardware, and core services required to run the cloud.

With this, an organization can use this service to outsource servers, storage, hardware, servers, and networking components, as well as other equipment needed to support operations. Furthermore, PaaS, or Platform as a Service, is an all-encompassing environment for cloud development and deployment that contains the tools to deliver anything from basic cloud-based applications to complex business systems. It consists of application infrastructure (middleware) services, such as application platforms, development tools, integration, business process management, business analytics/business intelligence, and database management services. SaaS refers to a cloud-based method of providing software to users. Users subscribe to an app rather than purchasing and installing it once. Users can log in and use the SaaS application from any compatible device over the Internet. The actual application runs in the cloud servers rather than each user installing the software on their devices. For large organizations, updating software has been a time consuming process.

According to platform-as-a-service, analytics and reporting segments to grow at the highest compound annual growth rate during the forecast period

According to PaaS, analytics and reporting is expected to develop at the highest CAGR of 23.4% over the forecast period, while the data management segment is expected to retain the largest market share based on platform as a service. Analytics and Reports are data management solutions implemented in organizations to collect historical and current data while using statistics and software to analyze raw information and provide insights for better future decision making. Business intelligence is the process of collecting, storing, and analyzing data from business operations. Provides comprehensive, near-real-time business metrics to support better decision-making.

According to Software as a Service, the Supply Chain Management segment is expected to grow at the highest CAGR during the forecast period

According to SaaS, supply chain management is estimated to have the highest compound annual growth rate (CAGR) of 17.6% in the cloud computing platform market. Applications, such as logistics, inventory and production planning, are covered within the SCM sector. Optimizing supply chain operations for various capital-intensive industries requires clear consideration, as the multidisciplinary nature of different sectors makes supply chain management practices more complex. Cloud-based SCM applications help reduce all of these challenges and improve business processes associated with managing supply chain activities.

Market dynamics

drivers

  • Increased adoption of cloud computing services due to COVID-19

  • The growing demand for artificial intelligence

  • Personal customer experience

  • The need for disaster recovery and contingency plans

restrictions

  • Data security and privacy concerns

  • Lack of technical knowledge and experience

opportunities

  • Increase government initiatives

  • Adoption of the Internet of Things and connected devices

challenges

  • High degree of complexity due to adoption of multi-cloud model

  • Vendor lockout risk

Main topics covered:

1 Introduction

2 research methodology

3 executive summary

4 distinct insights

5 Overview of market and industry trends

6 Cloud Computing Platform Market, by Service Model

7 market cloud computing platform, by IaaS

8 Market Cloud Computing Platform, by PaaS

9 Cloud Computing Platform Market, by SaaS

10 cloud computing platform market, by deployment model

11 Cloud Computing Platform Market, by Size of Organization

12 Cloud computing market, by vertical

13 Cloud Computing Platform Market, by Region

14 Competitive landscape

15 company profiles

16 adjacent/related markets

17 Appendix

mentioned companies

  • Adobe

  • Alibaba cloud

  • AppMasters Inc.

  • AWS

  • Blocklock

  • can

  • CenturyLink

  • Cisco

  • Citrix

  • cloudflex

  • cloudhelix

  • cloudways

  • Digital Ocean

  • DXC

  • Epicor

  • Fujitsu

  • The Google

  • ibm

  • IFS

  • informations

  • gut instinct

  • JDV Technologies

  • joint

  • Microsoft

  • Navisit

  • NEC

  • open text

  • inspiration

  • ovh

  • incloud

  • Rackspace

  • wise

  • sales force

  • succulents

  • service now

  • Skytap

  • Tencent cloud

  • Tudip Technologies

  • Upland software

  • firestream

  • Visartec

  • VMware

  • Volter

  • a work day

  • Zoho

  • Zimmer

For more information on this report visit https://www.researchandmarkets.com/r/fcggpy

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