WiseGuyReports.com Presents “Global Public Cloud Market, By Cloud Computing (Cloud Billing,Cloud Communication Platform,Cloud Access Security,Cloud High Performance Computing and Cloud Infrastructure)” New Document to its Studies Database A public cloud is defined as a cloud computing model, in which a service provider makes resources available such as virtual machines (VMs), applications, and storage services to the general public over the Internet. It is available as a free or pay-per-usage model service. The public cloud market is projected to generate the highest revenue in the near future. The major revenue is expected to come from infrastructure as a service (IaaS) and software as a service (SaaS). The major factors driving the public cloud market includes the adoption of public cloud services that save a significant part of their budgets and offer other benefits such as better control over data, information assets, and users. The global public cloud market is expected to grow at 22.78% CAGR during the forecast period 2017-2023. In 2016, the market was led by North America with 61.66% share, followed by Europe and Asia-Pacific with 20.17% and 11.73% market shares respectively. Owing to the increasing number of small and large-sized enterprises where the adoption of cloud computing services is gaining pace across various industry verticals is fueling the market growth in the region. The global public cloud market has been segmented based on cloud computing, service, organization size, industry, and region. Under cloud computing, the cloud infrastructure segment accounted for the largest market share with a market value of USD 70.92 billion in 2016, which is projected to grow at the CAGR of 23.98% during the forecast period. Based on service, SaaS accounted for the largest market share with a market value of USD 130.30 billion in 2016 and is projected to grow at the CAGR of 22.53%. Based on organization size, large enterprises accounted for the largest market share with a market value of USD 181.28 billion in 2016 and is projected to grow at the CAGR of 21.22%. whereas, based on industry, BFSI accounted for the largest market share with a market value of USD 63.59 billion in 2016 and is projected to grow at the CAGR of 23.44%. The global public cloud market is expected to reach approximately USD 1,132.88 billion by 2023, growing at a CAGR of 22.78% between 2017 and 2023. Key Players The key players of global public cloud market are International Business Machines Corporation, Amazon.com, Inc., Microsoft Corporation, Google Inc., Hewlett-Packard Enterprise, Oracle Corporation, VMware, Inc., Cisco Systems, Inc., Salesforce.com., and Fujitsu Limited. Request For Sample Report @ https://www.wiseguyreports.com/sample-request/3764075-global-public-cloud-market-by-cloud-computing-cloud Global Public Cloud Market Analysis & Forecast, from 2017 to 2023? To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the public cloud market for the next six years ? To provide insights about factors affecting the market growth ? To analyze the global public cloud market based on various tools such as supply […]
- How Is Cloud Computing Changing Scientific Research?
- The Tricky Ethics of Google’s Cloud Ambitions
- Renewable energy industry encourages Illinois regulators to finalize cloud-based computing rule
- This Is the One Big Reason VMware Stock Should Be On Your Radar
- Understanding The Different Types Of Cloud Computing