Meticulous Research® has released its latest report titled, ‘Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), Deployment Mode, Organization Size, End User (BFSI, Retail, and Healthcare), and Geography - Global Forecast to 2030.’

According to the report, the global cloud computing market is projected to reach $1,402.7 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 16.8% from 2024 to 2030. The market's expansion is driven by increased adoption of cloud computing services, a focus on personalized customer experiences, rising demand for artificial intelligence (AI), and the growing use of technologies such as machine learning (ML) and the Internet of Things (IoT). Despite these positive trends, data security and privacy concerns may act as constraints. Opportunities for growth are bolstered by government initiatives and the rising uptake of cloud solutions across various sectors, although challenges such as the complexity of multi-cloud adoption persist. Key trends influencing the market include the growth of cloud gaming and serverless computing.

Download Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5416

Market Segmentation:
• By Service Model: The market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). In 2022, SaaS held the largest market share, driven by its flexibility, ease of maintenance, and growing demand for AI applications. This segment is also expected to experience the highest growth rate during the forecast period.

• By Deployment Mode: Segments include Public Cloud, Private Cloud, and Hybrid Cloud. The Public Cloud segment led in 2022 due to its adoption by SMEs and the shift to remote work. The Hybrid Cloud segment is anticipated to grow the fastest, offering businesses agility, IT optimization, and innovation.

• By Organization Size: The market is divided into Large Enterprises and Small & Medium Enterprises (SMEs). Large Enterprises dominated in 2022 due to their substantial IT budgets and skilled personnel, while SMEs are expected to register higher growth rates in the coming years.

• By End User: Segments include BFSI, Healthcare, IT and Telecom, Government & Public Sector, Retail, Manufacturing, Energy & Utilities, Media & Entertainment, and Others. The BFSI sector held the largest share in 2022, driven by mobile device penetration and the adoption of cloud solutions. The Healthcare sector is projected to grow at the highest rate due to increasing cloud adoption.

• By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America held the largest market share in 2022, attributed to the presence of major cloud computing companies and high adoption rates. Asia-Pacific is expected to witness the fastest growth, driven by rapid economic development, expanding data centers, and increasing awareness among SMEs.

Quick Buy – Cloud Computing Market - Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/37298084

Key Players:
Prominent players in the global cloud computing market include Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), SAP SE (Germany), Google LLC (U.S.), Salesforce, Inc. (U.S.), Workday, Inc. (U.S.), Alibaba Group Holding Limited (China), VMware, Inc. (U.S.), DXC Technology (U.S.), Nutanix, Inc. (U.S.), Cisco Systems, Inc. (U.S.), ZYMR, INC. (U.S.), and SAS Institute, Inc. (U.S.).

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research