Cloud-Enabling Technology Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 35.06 Billion |
| Market Size (2029) | USD 52.53 Billion |
| CAGR (2024 - 2029) | 8.42 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cloud-Enabling Technology Market Analysis
The Cloud-Enabling Technology Market size is estimated at USD 35.06 billion in 2024, and is expected to reach USD 52.53 billion by 2029, growing at a CAGR of greater than 8.42% during the forecast period (2024-2029).
The expanding scope of IoT and big data analytics drives the need for enhanced automation in business operations. Consequently, cloud-enabling technologies are pivotal for seamless functionality.
- As automation gains traction across diverse sectors, primarily to boost productivity, the demand for cloud computing is escalating. With a surge in data consumption and analysis and the critical need for storage and security, cloud-enabling technologies are poised for significant growth.
- Advanced cloud services now cater to many customers, aiding companies in cost reduction. Cloud technology's agility in adapting to market shifts allows businesses to concentrate on their core competencies, fostering overall growth and painting a positive outlook for the cloud-enabling technology sector.
- Moreover, the private cloud deployment model, offering configurable shared computing within a public cloud environment, is gaining popularity for its enhanced privacy features, especially appealing to organizations with data sensitivity.
- However, security remains a paramount concern, impeding the market's growth. Data residency regulations in many countries require that certain data remains within national borders, potentially limiting cloud services with data centers located abroad.
- As technology progresses, AI is poised to be a pivotal trend in tandem with cloud computing. Major tech players actively integrate AI into big data processing, aiming to elevate business functions and outputs. By leveraging AI solutions, cloud platforms enhance operational efficiency, enable smarter internal process management, and facilitate easier adaptation to evolving business landscapes.
Cloud-Enabling Technology Market Trends
Data Center Technology to Hold Significant Market Share
- Cloud providers heavily rely on data center technology to underpin their infrastructure and services. As of February 2024, Germany boasted 522 data centers, leading the pack in Europe. Data centers, essentially specialized buildings, centralize an organization's IT operations. The US dominates the data center landscape, housing over 5,000 facilities globally. The market for cloud-enabling technologies is dynamic, witnessing frequent innovations and trends.
- Modern software technology revolves around cloud data centers, pivotal in enhancing enterprise capabilities. As the workforce increasingly shifts from office-centric to mobile, the demand for cloud-based data centers surpasses that of traditional setups.
- Today's data-driven businesses rely on insights into customer behavior, sales, market dynamics, and more. Leveraging advanced IT services, companies use data centers and cloud computing to optimize their business applications. In retail, data centers primarily manage the data flow.
- One key advantage of data centers, notably scalability, is that they can swiftly adapt to changing web traffic and business demands. When appropriately configured, these adjustments occur seamlessly, minimizing customer disruptions. Moreover, data center technology integrates AI and machine learning, enhancing predictive analytics, optimizing performance, and automating routine tasks.
- Virtualization technology, a cornerstone of cloud computing, enables the creation of virtual servers, storage, and networking instances, facilitating efficient resource allocation and management.
North America Holds the Largest Market Share
- The North American cloud-enabling technology market is a significant technology industry. It encompasses various technologies, solutions, and services that facilitate businesses and organizations' cloud computing adoption and utilization.
- Cloud management orchestration tools are crucial in North America to streamline cloud resource provisioning, management, and optimization. Companies in the region often invest in these solutions to improve efficiency and cost-effectiveness.
- Many organizations in North America opt for hybrid and multi-cloud strategies, combining public cloud services with private cloud infrastructure or services from multiple cloud providers. This approach requires advanced cloud-enabling technologies for integration and management.
- Environmental sustainability is a growing concern in North America. Many organizations are adopting green data center technologies and looking for cloud-enabling solutions that support sustainability initiatives.
- Organizations in the region are integrating AI and ML into their cloud environments to enhance analytics, automate tasks, and improve user experience. AI and ML technologies are increasingly integrated into cloud-enabling solutions.
Cloud-Enabling Technology Industry Overview
The cloud-enabling technology market is highly fragmented, with major players like BMC Software Inc., Broadcom Inc. (CA Technologies), Citrix Systems Inc., Hewlett Packard Enterprise Development LP, and Google LLC. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
April 2024: Fujitsu Limited and Oracle collaborated to deliver sovereign cloud and AI capabilities that help address the digital sovereignty requirements of Japanese businesses and the public sector. With Oracle Alloy, Fujitsu will expand its Hybrid IT offerings for Fujitsu Uvance, which helps customers grow their businesses and solve societal issues. Fujitsu can operate Oracle Alloy independently in its data centers in Japan and have additional control over its operations.
March 2024: Tata Consultancy Services (TCS) signed a multi-million-dollar deal with Denmark's digital connectivity and communications provider Nuuday in cloud transformation to build Nuuday's IT infrastructure and migrate it to the TCS hybrid cloud.
Cloud-Enabling Technology Market Leaders
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BMC Software Inc.
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Broadcom Inc. (CA Technologies)
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Citrix Systems Inc.
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Hewlett Packard Enterprise Development LP
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Google LLC
*Disclaimer: Major Players sorted in no particular order
Cloud-Enabling Technology Market News
- March 2024: Fujitsu Limited and Amazon Web Services (AWS), an Amazon.com Inc. company (NASDAQ: AMZN), announced an expanded partnership to accelerate the modernization of legacy applications on AWS Cloud by launching a Modernization Acceleration Joint Initiative. Fujitsu and AWS will provide assessment, migration, and modernization of legacy mission-critical applications running on on-premise mainframes and UNIX servers onto AWS Cloud. The joint initiative will support customers across industries, including finance, retail, and automotive, as they modernize legacy applications on AWS Cloud, helping to keep up with rapidly changing business conditions with the agility and resiliency of modern applications.
- September 2023: Amazon's AWS partnered with ISRO to advance its AI capabilities with cloud technologies. This collaboration would give space start-ups, research institutes, and students access to advanced cloud technologies that will accelerate the development of new solutions in the space sector.
Cloud-Enabling Technology Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
- 4.2 Value Chain / Supply Chain Analysis
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Buyers/Consumers
- 4.3.2 Bargaining Power of Suppliers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Increase in the Adoption of Cloud Deployment Services
- 5.1.2 Focus on Business Productivity
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5.2 Market Restraints
- 5.2.1 Data Security and Privacy
6. TECHNOLOGY SNAPSHOT
7. MARKET SEGMENTATION
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7.1 By Deployment Type
- 7.1.1 Public
- 7.1.2 Private
- 7.1.3 Hybrid
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7.2 By Service Type
- 7.2.1 Platform-as- a-Service (PaaS)
- 7.2.2 Software-as-a-Service (SaaS)
- 7.2.3 Infrastructure-as-a-Service (IaaS)
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7.3 By Technology Type
- 7.3.1 Broadband Networks and Internet Architecture
- 7.3.2 Data Center Technology
- 7.3.3 Virtualization Technology
- 7.3.4 Web Technology
- 7.3.5 Multitenant Technology
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7.4 By End-user Industry
- 7.4.1 Banking, Financial Services, and Insurance (BFSI)
- 7.4.2 Manufacturing
- 7.4.3 Healthcare
- 7.4.4 Retail
- 7.4.5 Telecom and IT
- 7.4.6 Other End-user Industries
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7.5 By Geography***
- 7.5.1 North America
- 7.5.1.1 United States
- 7.5.1.2 Canada
- 7.5.2 Europe
- 7.5.2.1 United Kingdom
- 7.5.2.2 Germany
- 7.5.2.3 France
- 7.5.3 Asia
- 7.5.3.1 Japan
- 7.5.3.2 China
- 7.5.3.3 India
- 7.5.4 Australia and New Zealand
- 7.5.5 Latin America
- 7.5.6 Middle East and Africa
8. COMPETITIVE LANDSCAPE
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8.1 Company Profiles*
- 8.1.1 BMC Software Inc.
- 8.1.2 Broadcom Inc. (CA Technologies)
- 8.1.3 Citrix Systems Inc.
- 8.1.4 Hewlett Packard Enterprise Development LP
- 8.1.5 Google LLC
- 8.1.6 IBM Corporation
- 8.1.7 Tata Consultancy Services Limited
- 8.1.8 Domo Inc.
- 8.1.9 Adaptive Computing
- 8.1.10 Fujitsu Ltd.
- 8.1.11 Oracle Corporation
- 8.1.12 Dell Technologies
- 8.1.13 Microsoft Corporation
- 8.1.14 Amazon Web Services
9. INVESTMENT ANALYSIS
10. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCloud-Enabling Technology Industry Segmentation
Cloud-enabling technologies refer to frameworks, tools, and services that facilitate application management, deployment, and scaling in cloud computing environments. These technologies use computing resources delivered to customers via the Internet.
The cloud-enabling technology market is segmented by deployment type (public, private, and hybrid), service type (platform-as-a-service (PaaS), software-as-a-service (SaaS), infrastructure-as-a-service (IaaS)), technology type (broadband networks and internet architecture, data center technology, virtualization technology, web technology, and multitenant technology), end-user industry (banking, financial services, and insurance (BFSI), manufacturing, healthcare, retail, telecom and IT, and other end-user industries), and geography (North America [United States and Canada], Europe [United Kingdom, Germany, and France], Asia Pacific [Japan, China, and India], Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Deployment Type | Public | |
| Private | ||
| Hybrid | ||
| By Service Type | Platform-as- a-Service (PaaS) | |
| Software-as-a-Service (SaaS) | ||
| Infrastructure-as-a-Service (IaaS) | ||
| By Technology Type | Broadband Networks and Internet Architecture | |
| Data Center Technology | ||
| Virtualization Technology | ||
| Web Technology | ||
| Multitenant Technology | ||
| By End-user Industry | Banking, Financial Services, and Insurance (BFSI) | |
| Manufacturing | ||
| Healthcare | ||
| Retail | ||
| Telecom and IT | ||
| Other End-user Industries | ||
| By Geography*** | North America | United States |
| Canada | ||
| By Geography*** | Europe | United Kingdom |
| Germany | ||
| France | ||
| By Geography*** | Asia | Japan |
| China | ||
| India | ||
| By Geography*** | Australia and New Zealand | |
| Latin America | ||
| Middle East and Africa |
Cloud-Enabling Technology Market Research Faqs
How big is the Cloud-Enabling Technology Market?
The Cloud-Enabling Technology Market size is expected to reach USD 35.06 billion in 2024 and grow at a CAGR of greater than 8.42% to reach USD 52.53 billion by 2029.
What is the current Cloud-Enabling Technology Market size?
In 2024, the Cloud-Enabling Technology Market size is expected to reach USD 35.06 billion.
Who are the key players in Cloud-Enabling Technology Market?
BMC Software Inc., Broadcom Inc. (CA Technologies), Citrix Systems Inc., Hewlett Packard Enterprise Development LP and Google LLC are the major companies operating in the Cloud-Enabling Technology Market.
Which is the fastest growing region in Cloud-Enabling Technology Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cloud-Enabling Technology Market?
In 2024, the North America accounts for the largest market share in Cloud-Enabling Technology Market.
What years does this Cloud-Enabling Technology Market cover, and what was the market size in 2023?
In 2023, the Cloud-Enabling Technology Market size was estimated at USD 32.11 billion. The report covers the Cloud-Enabling Technology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud-Enabling Technology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cloud-Enabling Technology Industry Report
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