Which industry segment is expected to grow at a significant CAGR? dollars)." Hulu, Amazon Prime is anticipated to play a significant role in growing the market during the forecast period. Due to cost savings, flexibility and scalability, data security, data storage, and team collaboration, about 70% of firms have already shifted to cloud-based computing for part of their services. By type, the public cloud segment is likely to lead the market. What is the expected size of the cloud computing market in 2032? Emarsys technology would allow SAP Customer Experience solutions to link commerce signals with the back office and activate the preferred channel of the customer with a relevant and consistently personalized message, thereby enabling customers to choose their engagements. He also predicts a more significant pullback if this one thing happens. You can only download this statistic as a Premium user. Public cloud services end-user spending worldwide from 2017 to 2023 (in billion U.S. dollars) [Graph]. "Public Cloud Services End-user Spending Worldwide from 2017 to 2023 (in Billion U.S. Do the numbers hold clues to what lies ahead for the stock? As a Premium user you get access to background information and details about the release of this statistic. Whether markets move up or down, every investor loves a bargain. Thus, the growing investment by cloud providers to develop data centers is expected to create significant market opportunities for market growth post-pandemic period. These technologies also aid in increasing business productivity, improving decision-making processes, and lowering operating expenses. The analysis reveals that SMEs are adopting the hybrid cloud computing services owing to their benefits such as; on-demand availability and no cost involved in initial infrastructure setup. A paid subscription is required for full access. Find market research and analysis that is reliable and actionable. This scenario is expected to propel market growth. This trend of remote working is likely to remain perpetual even in forthcoming years. Cloud systems thrive at streamlining inter-organizational communication and providing a simplified alternative for managing corporate processes. (Bloomberg) -- Traders are bracing for US House Speaker Nancy Pelosis expected arrival in Taipei Tuesday to raise tensions with China, with stocks sliding and haven assets such as the yen and Treasuries climbing.Most Read from BloombergYou Wont Like What Comes After InflationPelosi Is Expected to Visit Taiwan, Ramping Up US-China TensionsThis Is How China Could Hit Back Over Pelosis Taiwan VisitManchin Spending Deal Includes Billions in Oil Import TaxesUS 10-year yields dropped for a fifth da. Dollars). We go beyond one sector, and analyze the market from various perspectives. Furthermore, the adoption of IoT, 5G, edge computing, and real-time analytics enabled by Machine Learning (ML) and Artificial Intelligence (AI) is expected to increase the value of computing technology among businesses. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes. In addition, the benefits offered by the cloud, like the pay-as-you model, which allows enterprises to pay as per their usage of cloud service is an economical option for organizations. This growth is due to its ease of deployment, low maintenance costs, and low cost of ownership. MR, the large enterprise segment is forecast to account for the largest market share in 2022, accumulating 55%. Here's a breakdown of wealth management services and examples of when you will need them. I appreciate the timeliness and responsiveness of you and your team., The global cloud computing market is projected to grow from $480.04 billion in 2022 to $1,712.44 billion by 2029, at a CAGR of 19.9% in forecast period, 2020 Fortune Business Insights . This statistic is not included in your account. The increase is attributed to increased government investments in emerging technologies such as Artificial Intelligence (AI), 5G, Machine Learning (ML), Big Data, cloud, and others by governments such as Israel, Brazil, and Mexico. IT and software development industries have also been facing challenges due to this unforeseen outbreak. Get full access to all features within our Corporate Solutions. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Based on end-use, which segment is expected to secure the largest market share? Register in seconds and access exclusive features. Smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the consumer electronics industry, Profit from additional features with an Employee Account. Based on industry, the market is divided into Banking, Financial Services, & Insurance (BFSI), government, IT & telecommunications, healthcare, consumer goods and retail, manufacturing, and others. Loyalty Management Solutions Market expects stable CAGR through 2026. The growing usage of the hybrid cloud is likely to pose a significant opportunity for market expansion. While cloud services assist businesses to increase company efficiency and cut costs, data kept in the cloud is vulnerable to cyber-attack. It also emphasizes some of the growth-stimulating restrictions and elements, allowing the reader to obtain a thorough understanding of the industry. SSR MINING REPORTS SECOND QUARTER 2022 RESULTS, Apple Sells $5.5 Billion of Bonds to Fund Buybacks, Dividends. Hence, the reliance on the cloud ecosystem is expected to flourish impressively. The market is projected to reach USD 1,712.44 billion by 2029. (Bloomberg) -- Apple Inc. tapped the US high-grade bond market Monday with a $5.5 billion sale in four parts. By industry, the healthcare segment is expected to grow with the highest CAGR. On the other hand, the SMEs segment is likely to expand at the fastest-growing segment in the forecast period. From 2022 to 2032, cloud based computing is expected to flourish at a CAGR of 15%. For instance, North America Cloud Computing Market Size, 2021 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Geographically, the market is divided into five key regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The cloud service providers are focusing on investing in technical skills, partnerships, and expansion of cloud centers. Users deploy cloud services to save sensitive data about their business and personal activities over cloud-based platforms. The BFSI segment accounted for the largest revenue share of about 25% in 2021. A comprehensive business intelligence repository that covers established as well as evolving market trends. The market is expected to procure US$ 1,949 Bn by 2032 while expanding at a CAGR of 15% during the forecast period from 2022 to 2032. Which is the key factor driving the market growth? Hence, the aforementioned factors are expected to hamper the cloud computing market growth. Owing to various functionalities, cloud computing aids manufacturers in utilizing multiple types of production systems, ranging from High-Performance Computing (HPC) and 3D printing to IoT and industrial robots. BP's second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production. For instance. Most Read from BloombergYou Wont Like What Comes After InflationPelosi Is Expected to Visit Taiwan, Ramping Up US-China TensionsThis Is How China Could Hit Back Over Pelosis Taiwan VisitManchin Spending Deal Includes Billions in Oil Import TaxesThe longest portion of the offering, a 40-year security, yields 118 basis points over US Treasuries, down from initial price discussions in the. In addition, the Board of Directors declared a quarterly cash dividend of $0.07 per common share payable on September 6, 2022 to holders of record at the close of business on August 12, 2022. In addition, organizations must seek to remain in the market by taking steps to meet regulatory requirements. The growing adoption of technologies, such as; machine learning, big data, and Artificial Intelligence are key factors leading to the global expansion of the cloud computing market. The globally renowned players such as; Microsoft, Oracle, and Amazon are early adopters of cloud computing technology such as; big data analytics, IoT, additive manufacturing, AI, VR, AR, and ML which has expanded the market significantly in the region. For instance. Moreover, the outbreak of COVID-19 has encouraged the BFSI sector to digitize its infrastructure, which has brought notable profits to the industry. However, data security and privacy concerns regarding data loss, data breaches, unanticipated emergencies, application vulnerabilities, and internet cyber-attacks are projected to hamper the progress of cloud computing. As per the analysis of Fact MR, the APAC market is anticipated to be the fastest-growing region during the forecast period, growing at an 18% CAGR. We use cookies to enhance your experience. Also, as cloud-based applications, such as Gmail, Facebook, Dropbox, among others, are becoming more robust and flexible, the processing cycle needs to be faster in a real-time scenario. Who are the key players of the global computing market? Continue reading The post How Much Interest Does $2 Million Pay Monthly? As a result, businesses are migrating to omni-cloud solutions to take advantage of a variety of benefits, including simplicity of data use, better decision-making, safe data availability, and real-time scalability. In January 2020, IBM Corporation disclosed the launch of Advertising Accelerator with Watson. We are happy with the professionalism of your in-house research team as well as the quality of your research reports. What was the value CAGR for cloud computing solutions between 2015 and 2021? The global cloud computing market is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 15.7%. Pandemic to bolster the demand for Cloud Computing and Cloud Infrastructure Services. For instance. Enterprises embrace AI-powered solutions to become more strategic, efficient, and insight-driven. Then you can access your favorite statistics via the star in the header. United States, by Fact.MR , a division of Eminent Research and Advisory Services, As of 2022, Fact.MR forecasts demand for cloud computing solutions to be valued at US$ 482 Bn, From 2015-2021, sales of cloud computing solutions expanded at a 12% CAGR, The global cloud computing market is estimated to secure a market value of USD 1,949 Bn by 2032, Fact.MR anticipates cloud computing demand to surge at a CAGR of 15% from 2022 to 2032, Google LLC, SAP SE, Workday, Inc., Microsoft Corporation, Salesforce.com Inc., and Alibaba Group Holding Limited are some of the players in the market, Fact. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. The cloud advertising segment was removed from Gartner's public cloud services forecast segments starting from 2017. The Infrastructure as a Service segment is expected to register the highest CAGR over the forecast period owing to the increasing demand to reduce IT complexities, hire a skilled workforce to manage the IT infrastructures, and reduce deployment costs for data centers to drive the adoption of IaaS, The small and medium enterprise segment is anticipated to emerge as the fastest-growing segment owing to reduced costs of IT hardware and software, improved processing capacity and elasticity of storage, and greater mobility of access to data and service. This is a very good piece of work and will be very helpful to us going forward. Remarkable job and great efforts by your research team. SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") reports consolidated financial results for the second quarter ended June 30, 2022. Moreover, edge computing has emerged as one of the most important drivers likely to accelerate the demand for the adoption of hybrid cloud models across organizations worldwide. Apple Is Borrowing Money to Buy Back Stock. Cloud services have become a new essential catalyst for enterprises looking for digital transformation. Looney, who took office in 2020 with a vow to rapidly shift BP away from fossil fuels to renewables, said that the company will increase its spending on new oil and gas by $500 million in response to the global supply crunch. Benefits such as improved collaboration, lower operating costs, and better flexibility are driving the demand for cloud computing among large enterprises. and over 1Mio. Your personal details are safe with us. Caterpillars Earnings Are Good and Sales Top Estimates. Moreover, the increasing investment by these prominent market players to develop data centers across the world in response to the COVID-19 pandemic is anticipated to drive the market in the coming years. For older Americans, living off the interest and returns of your retirement account is how retirement is structured. ", Gartner, Public cloud services end-user spending worldwide from 2017 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/273818/global-revenue-generated-with-cloud-computing-since-2009/ (last visited August 02, 2022), Public cloud services end-user spending worldwide from 2017 to 2023, Available to download in PNG, PDF, XLS format, Public cloud services market size 2017-2023, Annual revenue of China's overall cloud service market 2015-2024, China's public cloud computing market size 2017-2020, China's private cloud computing market size 2015-2023, Total market size of cloud management services in China 2017-2025, Market share of public cloud computing in China 2020, by segment, China's public IaaS market share by vendor 2020, Market share of public PaaS in China Q1 2021, Sector distribution of SaaS users in China 2021, Demand distribution of SaaS users in China 2021, Penetration rate of SaaS market segments in China 2020, Main technology used by China's leading fintech enterprises 2021, Public cloud services revenue in MENA region 2015-2021, by segment, Latin America: cloud public providers revenue 2017, by source, Share of cloud computing market amongst SMEs in GCC by deployment type 2016, Public cloud services revenue in MENA region 2015-2021, Share of cloud computing market amongst large GCC enterprises by deployment type 2016, Public cloud market size in Italy 2015-2019, Cloud services: providers used by businesses 2011-2013, by type, IT services and cloud computing: IT budget spending forecast 2010-2012, Hybrid cloud market size worldwide 2014-2021, Latin America: cloud services market size 2022, by type, Hosting and cloud computing market size worldwide 2010-2020, Dedicated hosting market size worldwide 2010-2020, Value of cloud management and security services in MENA 2016-2020, Europe SMB: top reasons to purchase hosted business voice services in 2015, The importance of cloud storage for consumers worldwide 2014, by age, Perceived vs. realized benefit of cloud databases among global organizations 2020, Cloud services market revenue by segment in the World 2016-2021, Revenue of public cloud services in India 2018-2020, Public cloud services end-user spending worldwide from 2017 to 2023 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre, deployment model that offers computing services, Amazon Web Services, Microsoft Azure, and Google Cloud. AI can automate repetitive and challenging processes to increase productivity and conduct data analysis without manual participation. Acquisitions, partnerships, and collaborations are some of the most practices to intensify their market presence. Surge in Investment to Develop Cloud Infrastructure to Propel the Market. The major drivers fueling the market expansion are expanding digital transformation across businesses, rising internet and mobile device adoption around the world, and increased consumption of Big Data. North America is expected to hold the highest market share. Corporate solution including all features. Profit from the additional features of your individual account. Is it unreasonable to expect him to get a part-time job? The hybrid cloud segment is expected to grow at the fastest rate over the forecast period due to SMEs' increasing use of cloud-based solutions to increase productivity and reduce operational costs. To get significant business insights for decision-making, many firms are investing in big data, IoT, artificial intelligence, and 5G technologies. Cloud computing is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or a local server. To use individual functions (e.g., mark statistics as favourites, set Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. Request a Free sample to learn more about this report. MR reveals that North America will account for a market share of about 40% in 2022, In the Asia Pacific, cloud computing demand is forecast to flourish at a CAGR of 18%. Show publisher information Rise in usage of reward points BIM Extraction Software Market projects US$ 384.3 Million valuations during 2022-2032. Accessed August 02, 2022. https://www.statista.com/statistics/273818/global-revenue-generated-with-cloud-computing-since-2009/, Gartner. During the study period, the healthcare segment is expected to grow at the highest Compound Annual Growth Rate (CAGR). Presence of Players such as Microsoft, Amazon, Oracle, among others to grow the market in North America. You only have access to basic statistics. Cloud computing has been one of the fastest-growing technologies among developed and developing nations and has witnessed a dramatic acceleration in 2020. At what rate will demand for cloud computing flourish from 2022-2032? Moreover, due to changing company needs, the necessity for meeting regulatory and compliance requirements is continually increasing. Based on our analysis, the global market exhibited a growth of 13.8% in 2020 as compared to 2019. MR reveals that the BFSI segment is expected to procure about 25% of the global revenue share in 2022. The increase can be attributed to the increasing adoption of hybrid cloud platforms as well as the rising demand for business data storage and security solutions. According to Fact.MR- a market research and competitive intelligence provider- demand for cloud computing solutions experienced and impressive uptick of 12% from 2015 to 2021, attributed to increasing virtualization of multiple end use industries. Access to this and all other statistics on 80,000 topics from, Show sources information appeared first on SmartAsset Blog. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. How do growth prospects for cloud computing appear across the Asia Pacific? Oracle reportedly plans to lay off thousands of employees. During the forecast period, Infrastructure as a Service (IaaS) is expected to grow at the fastest rate. Increasing usage of Information Technology in Banking Sector to Boost the Cloud Computing Market. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Caterpillar reports adjusted second-quarter earnings of $3.18 a share on sales of $14.2 billion. North America is expected to dominate the market in terms of revenue during the forecast period due to the early adoption of technologies such as Artificial Intelligence (AI), robotics, IoT, and cloud. The increasing adoption of Big Data, Artificial Intelligence (AI), Machine Learning (ML), and others is expected to drive the market growth. Key vendors in the market focus on introducing new cloud solutions, services, and workloads and upgrading of capabilities of their current offerings to strengthen their foothold in the market. For instance, in October 2020, SAP SE announced an agreement to acquire Emarsys, an omnichannel customer engagement platform provider. The outbreak of COVID-19 resulted in the adoption of work from home culture. It looks quite comprehensive and the data is exactly what I was looking for. By continuing to visit this site you agree to our use of cookies . Some of the recent developments among the key players are: SAP Cloud Platform Services Market is expected to grow at an exciting CAGR of 31% during 2022-2032. You need at least a Single Account to use this feature. Thus, the increasing adoption of big data, AI, and ML is expected to drive the market growth. Please create an employee account to be able to mark statistics as favorites. Which region accounted for the largest cloud computing market share? According to the arXiv.org e-Print source, roughly 60% of corporate-related data and information was retained insecurely on storage devices in 2019. BP shares were up 3.5% by 0925 GMT, their highest since June, strongly outperforming the broader European energy index which was up 0.5%. April 19, 2022. How much is the market for cloud computing expected to be worth in 2022? In addition, the region's growth is predicted to be fueled by rising demand for smart Electric Vehicles (EVs), increasing internet penetration, and expanding digitalization. In addition, cloud computing service providers such as; Amazon, Microsoft Corporation, and Google LLP are taking initiatives to strengthen their presence in countries like Thailand and Indonesia. Thats what the pros on Wall Street are here for. As per the partnership, ZEISS Group adopted Microsoft Azure as its cloud platform to provide digital experiences to its German counterpart. As the volume of information and data processing intensifies, companies are looking to integrate advanced technological solutions, including artificial intelligence, machine learning and augmented reality to make their operations easy to conduct. For instance, in 2021, IBM acquired Bluetab Solutions Group to enlarge its data and hybrid cloud computing market and make its presence more robust in Europe and Latin America. Ive been seeing a 68-year-old retiree since just before the pandemic. The expansion of the segment can be attributed to the rapid economic development of emerging countries such as; India and China. The rise in Video-on-Demand (VoD) enhanced the need for an efficient Infrastructure as a Service (IaaS) thereby expanding the industry significantly. Yahoo Finance reporter Dan Howley looks at how tech company Oracle's stock is moving to the downside amid reports that it's starting to lay off thousands of U.S. employees. Occidental Petroleum (OXY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. Further, the increasing need to achieve flexibility and scalability, mitigating the risks, and reducing infrastructure complexities are other salient causes driving the growth of the cloud computing market. Apple (ticker: AAPL ) is planning to use the proceeds from the sale for general corporate purposes, including buying back shares and paying dividends, the company said in a filing with the Securities and Exchange Commission. "Smart Strategies, Giving Speed to your Growth Trajectory", Region : Global | Format: PDF | Report ID: FBI102697. Using TipRanks p. THE MONEYIST Dear Quentin, I am a 65-year-old retired woman with modest Social Security and annuity payments. The global market comprises a vibrant start-up ecosystem. Such a fragmented market is likely to create intense competition by forcing existing companies to continuously upgrade and adopt new developments in the cloud offerings. The outbreak of the COVID-19 pandemic is likely to impact businesses drastically, stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. As a Premium user you get access to the detailed source references and background information about this statistic. "Cloud Computing Market Size, Share & Trends Analysis Report by Service (IaaS, PaaS, SaaS), by Deployment (Public, Private, Hybrid), by Enterprise Size, by End Use (BFSI, IT & Telecom, Retail & Consumer Goods), by Region, and Segment Forecasts, 2022-2030", https://www.researchandmarkets.com/r/pol9f3, https://www.businesswire.com/news/home/20220307005454/en/, Analysts expect swift resolution to Ecuador-Perenco dispute, JPMorgans China Calls Show Market Timing Is Tough, UPDATE 1-Russia says United States is directly involved in Ukraine war, Mexican union urges U.S. labor complaint at BBB auto-parts plant, Oil Fluctuates Near $94 With OPEC+ Meeting Looming on Market, Devon Energy Beats Earnings, Raises Dividend, Housing correction is 'dead ahead,' warns Moodys chief economist Mark Zandi heres how he sees things playing out over the next several months, Down More Than 50%: Buy These 2 Beaten-Down Stocks Before They Rebound, Say Analysts.
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