The global Public Cloud Market size was valued at USD 457.56 billion in 2022, and is projected to reach USD 1012.57 billion by 2032 at a CAGR of 18.5% from 2022 to 2032.
The public cloud market refers to the segment of cloud computing where cloud resources such as storage, computing power, and applications are delivered to customers over the internet by third-party providers. In the public cloud, multiple users can access the same infrastructure and services simultaneously. Public Cloud Market has experienced tremendous growth in recent years, driven by the benefits of cost savings, flexibility, scalability, and ease of use. The public cloud market is characterized by a number of trends, including the increasing adoption of cloud-based services by organizations of all sizes, the growing importance of data analytics and artificial intelligence in driving business decisions, and the rising popularity of serverless computing architectures. In addition, the emergence of hybrid cloud models, which combine public and private cloud infrastructure, is also driving growth in Public Cloud Market.
Market Segmentation:
• Based on cloud service type: The public cloud market can be segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
• Based on organization size: The public cloud market can be segmented into small and medium-sized enterprises (SMEs) and large enterprises.
• Based on vertical: The public cloud market can be segmented into various industries, including healthcare, BFSI, retail, IT and telecom, government, and others.
Key Players:
• Amazon Web Services.
• Microsoft Corporation.
• Google Cloud Platform.
• Alibaba Cloud.
• IBM Corporation.
• Oracle Corporation.
• Salesforce.com.
• SAP SE.
• VMware, Inc.
• Cisco Systems, Inc.
• Dell Technologies, Inc.
• Hewlett Packard Enterprise (HPE).
• Huawei Technologies Co., Ltd.
• Rackspace Technology, Inc.
• DigitalOcean, Inc.