3 Key Insights into the Competitive Landscape in the Global Cloud Computing Market: Ken Research
Global Cloud Computing Market is Highly Competitive in the Presence of around ~500 Competitors Consisting of Large Number of Country-Niche Players, Regional Players, and Global Players, has found a recent market studies on Global Cloud Computing Market by Ken Research
Cloud Computing is the online delivery of IT resources on demand by the consumer instead of buying, owning, and maintaining physical ones, and the payment of the resources is made on how much the consumer consumes. Cloud services can be public or private, but they are typically delivered by third parties through various endpoints such as websites, application software, and mobile apps.
Ken’s research shares 3 key insights into this high opportunity market from its latest research study
Niche Country Players Make Up ~60% of Total Number of Competitors, While Regional Companies Make Up ~30% of Competitors in 2021.
A comprehensive competitive analysis conducted on the Research Study found that the Global Cloud Computing Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their own niche in cloud advancement -based solutions for many end-user industries. Major global cloud solution companies, including Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE are expected to maintain their leading positions during the forecast period. Country-niche players focus more on R&D to understand investor behavior towards the market and partnerships. Whereas some of the players involved in creating cloud-based solutions are being acquired by global players seeking to rapidly grow and diversify.
Global Players and Dedicated Organizations Continual Efforts to Provide Various Cloud Solutions to End-User Industries Drive Their Revenue Growth In This Market.
The detailed comparative analysis of the main competitors available within the Research Study shows that many cloud-based service providers are engaged in partnership, acquisition, and product launch to expand the cloud market in various region. Moreover, various companies are also investing in a cloud-based solution for the perspective of growth.
- In November 2021, IBM Corporation introduced the IBM cloud for telecommunications with more than 35 partners committed to join the IBM ecosystem to drive business innovation. This launch helps telecommunications providers address rapid business change, special challenges in a highly regulated industry, and improve agility to harness the power of 5G and edge computing.
- In December 2020, Adobe acquired Workfront, an online work management software that connects people and works across markets. The acquisition aims to give leading brands access to a single system to support planning, collaboration, and management, to unlock organizational productivity.
- In May 2021, Google Cloud launched Vertex AI, its latest managed machine learning platform. Vertex AI is designed to make it easier for developers to deploy and maintain their AI models. This latest product enables better deployment for a new generation of AI that will empower data scientists and engineers to do fun and creative work.
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The ongoing COVID-19 has significantly contributed to the development of the Cloud Computing Market.
The outbreak of the COVID-19 pandemic has severely impacted businesses, stifling innovation, stifling profitability, and drying up cash flow and financial reserves. The IT and software development industries are facing challenges due to this unexpected outbreak.
While all the outcry against COVID-19 has taken a toll on personal, professional, and community life, it has also presented business opportunities. Thus, cloud computing solutions support learning teams to collaborate, and businesses to adopt remote working models. This situation has driven the growth of the market in recent years. Many companies across different verticals have adopted the work-from-home model, driving demand for Software-as-a-Service (SaaS)-based solutions. Apart from this, Companies are also involved in new strategic development and product launches to maintain their market share.
In March 2021, IBM released IBM Cloud Satellite, an extension of IBM Public Cloud. IBM Public Cloud enables its enterprise clients to launch consistent cloud services anywhere and in any environment on any cloud, on-premises, or at the edge.
Post-pandemic trends have enhanced the need for agility in how companies use smart technologies such as mobile supercomputing, big data, IoT, and artificial intelligence. The Cloud Computing Market has seen an increase in demand as businesses continue to shift workloads from analog to digital formats.
Major Companies and Governments Focus on Promoting Cloud Computing as part of Learning and Development in Different Verticals.
- In June 2020, Microsoft launched a global skilled initiative that aims to bring more digital skills to 25 million people around the world by the end of the year. This initiative brings together every part of the company, combining existing and new resources from LinkedIn, GitHub, and Microsoft.
- In July 2020, Amazon Web Services (AWS) announced that seven higher education institutions in India will adopt cloud computing curricula from its AWS Educate initiative to help develop the next generation of cloud professionals. Cloud computing content will be offered as part of the undergraduate degree and postgraduate diploma programs starting in September 2020.
- In July 2022, ServiceNow, a business model based on providing products using SaaS cloud computing software, and Microsoft are aligned to help customers in the federal market migrate to private cloud, shared cloud, or trusted cloud offering for them to realize the benefits and value. of cloud services. Agencies can then accelerate key initiatives, such as security and zero trust while leveraging analytics and insights directly within their cloud instance.
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Key Topics Covered in the Report
- Snapshot of the Global Cloud Computing Market
- Industry Value Chain and Ecosystem Analysis
- Market Size and Segmentation of the Global Cloud Computing Market
- Historical Growth of the Overall Global Cloud Computing Market and Segments
- Market Competition Situation and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Cloud Computing Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Impact of Covid 19 on the Overall Global Cloud Computing Market
- Future Market Forecast and Growth Rate of Total Global Cloud Computing Market and by Segments
- Market Size by Application / End User Segments with Historical CAGR and Future Forecasts
- Cloud Computing Market Analysis
- Main Production / Main Consumption Hubs Within Each Region
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Key Historical and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies in Each Region
Top Companies Mentioned in the Report
- Microsoft Corporation
- Amazon Web Services
- Com, Inc.
- Oracle Corporation
- Data Processing Systems, Applications and Products
- Google LLC
- Workday Inc.
- Adobe Systems Incorporation
- Engines of International Business
- Alibaba Group Holding Limited
- Virtual Machine Software
- Hewlett Packard Enterprise
Notable Emerging Companies Mentioned in Report
- OutSystems
- Onecloud
- IntelePeer
- Nodejitsu Inc.
- Active state
- The Cloud Connectors
- Gogiro
- Hexagon data
- Power Host
- IDESK
- MCM Telecom
Main Target Audience – Organizations and Entities Who Can Benefit by Subscribing to This Report
- Cloud Computing Solution Companies
- Cloud Computing Platform Companies
- Potential Investors in Cloud Computing Companies
- ML Solutions and Service Providers
- Government Ministries and Information Technology Departments
- AI Solution Providers
- Potential Investors for AI
- Cloud-based Developers
- Institutional Investors
- Investors and Professionals in the Financial Community
- Investment Funds
- Cloud Computing Research Organizations
- Research and Development Institutions
- Cloud Computing Association
Period of Time Captured in Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer the links below:-
Global Cloud Computing Market: Ken Research
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