How big is the Cloud Computing Market?

The Cloud Computing Market size is expected to reach USD 0.68 trillion in 2024 and grow at a CAGR of 16.40% to reach USD 1.44 trillion by 2029. Read More

What is the current Cloud Computing Market size?

In 2024, the Cloud Computing Market size is expected to reach USD 0.68 trillion. Read More

Who are the key players in Cloud Computing Market?

Amazon Web Services, Inc, Google LLC, Microsoft Corporation, Alibaba Cloud and Salesforce, Inc are the major companies operating in the Cloud Computing Market. Read More

Which is the fastest growing region in Cloud Computing Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Computing Market?

In 2024, the North America accounts for the largest market share in Cloud Computing Market. Read More

What years does this Cloud Computing Market cover, and what was the market size in 2023?

In 2023, the Cloud Computing Market size was estimated at USD 0.57 trillion. The report covers the Cloud Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges of the Cloud Computing Market?

The challenges of the Cloud Computing Market are a) Dependence on a single cloud provider can limit flexibility and lead to higher costs in the long run b) Businesses need to ensure their cloud computing practices comply with data privacy laws and industry regulations Read More

Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report

Cloud Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Cloud Computing Market Report is Segmented by Computing Type (IaaS, Saas, and PaaS), End-User Verticals (IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, and Media and Entertainment), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Cloud Computing Industry Overview

The cloud computing market is experiencing notable fragmentation, with numerous players competing for market share. Many of these companies are forming strategic partnerships and expanding into new markets to strengthen their positions. Key players include industry leaders such as Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce. The major players in this market include Amazon Web Services Inc., Google LLC Ltd, Microsoft Corporation, Alibaba Cloud, and Salesforce Inc.

June 2024: Oracle and Google Cloud announced a strategic partnership, allowing customers to integrate Oracle Cloud Infrastructure (OCI) with Google Cloud technologies. This collaboration aims to accelerate the migration and modernization of applications. Initially, Google Cloud's Cross-Cloud Interconnect will be available in 11 global regions, enabling customers to deploy general workloads without cross-cloud data transfer fees. Additionally, later this year, Oracle Database@Google Cloud will be introduced. This new offering will provide the highest Oracle database performance and network capabilities, with feature and pricing parity with OCI.
May 2024: Applied Cloud Computing (ACC), a cloud consulting and services company, announced a strategic partnership with Oracle Inc., a prominent cloud infrastructure provider, and RackWare Inc., a specialist in enterprise cloud migration and management. This partnership aims to deliver a comprehensive solution for businesses to migrate and manage their workloads in the cloud, including using Oracle Cloud Infrastructure (OCI).