The cloud ITSM market size is expected to grow from $4.7 billion in 2020 to $12.2 billion by 2025, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. Market Reports Worldis the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading cloud computing manufacturers, that include Adobe Inc., Alibaba Cloud, Amazon Web Services Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE. Global Cloud Computing Market: About this market The cloud computing market analysis considers sales from SaaS, IaaS, and PaaS services. Global Cloud Commerce Software market 2020: Size, Share, Demand, Trends, Growth Forecast to 2026 12-18-2020 06:07 AM CET | Business, Economy, Finances, Banking & Insurance … Nov 03, 2020 (The Expresswire) -- The trend is expected to continue during the forecast period. Worldwide public cloud services market revenue is projected to grow 18.5% in 2017 reaching $260.2B, up from $219.6B in 2016. Also, it splits Cloud Computing Market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects. There is an increase in the demand for technologically advanced edge platforms due to growth in the velocity of data generation in the energy and telecommunication industries. The use of SaaS eliminates the expenses and complexities associated with purchasing, configuring, and managing hardware products. DUBLIN, Dec. 21, 2020 /PRNewswire/ -- The "Cloud-Based VDI Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to … The "Cloud Backup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. Dec 09, 2020 (Market Insight Reports) -- Selbyville, Delaware. However, system integration issues, network connectivity issues and latency, and problems associated with vendor lack-in may hamper the growth of the cloud computing industry over the forecast period. Report further studies the market development status and future Cloud Computing Market trend across the world. Players, stakeholders, and other participants in the global Cloud … The complete research of the Cloud Computing Market 2020 report presents you analysis of market size, share, growth, trends, cost structure, statistical and comprehensive data of the global market. Copyright © 2020 MarketWatch, Inc. All rights reserved. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. This solution ensures smooth delivery of IT services and their compliance with the predefined parameters. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. The implementation of cloud-based technologies is expected to result in increased revenues, desired outcomes, and improved business efficiency for SMEs. Global Cloud Based BPO Industry. The sudden shutdown of offices, schools, colleges, and physical retail stores has massively disrupted operations; this has led to an increase in the demand for digital workplace tools and services, such as Zoom, Slack, Blackboard, Lynda, Canvas, Google Classroom, AnyMeeting, and Moodle. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. According to the research report, ” Global cloud computing market … Cloud Computing Market Size, Share Research Report 2020: Global Industry Analysis, Business Development, Trends, Future Growth, Forecast To 2023 Published: Nov. 3, 2020 at 12:34 a.m. … Finally, the feasibility of latest investment projects is assessed and overall research conclusions offered. The report contains granular information & analysis pertaining to the Cloud Computing Market size, share, growth, trends, segment, and forecasts from 2020-2026. The MarketWatch News Department was not involved in the creation of this content. The increasing budgets are favoring the growth of the cloud ITSM market in North America. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. Also, our global cloud computing market report looks at factors such as the increased inclination toward cloud computing for cost-cutting, control of data backup and recovery, and increased use of containers boosting cloud adoption. https://www.marketreportsworld.com/enquiry/request-sample/14005318, https://www.marketreportsworld.com/enquiry/request-covid19/14005318, https://www.marketreportsworld.com/enquiry/pre-order-enquiry/14005318, https://www.marketreportsworld.com/TOC/14005318, Cloud Computing Market Size, Share Research Report 2020: Global Industry Analysis, Business Development, Trends, Future Growth, Forecast To 2023, European stocks and U.S. futures rise despite Trump’s threat to derail COVID-19 aid bill, These electric trucks are coming soon—here’s prices, how far they’ll go and how much they’ll tow, 2020 set to become first year in U.S. history with more than 3 million deaths, 3 things to know about the COVID-19 vaccine supply chain, Moderna Inc. stock underperforms Tuesday when compared to competitors. This will play a significant role in the SaaS segment to maintain its market position. The US and Canada are the top countries in North America, which contribute to the cloud ITSM market. According to this study, over the next five years, the Cloud Object Storage market will register an xx% CAGR in terms of revenue, the global market size will reach $ xx million by 2025, from $ xx million in 2020. New Study Reports “Cloud Based BPO Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Further, the report comprises … To Understand How COVID-19 Impact is covered in this Report. Is there a problem with this press release? Increased spend on cloud services by select industries due to COVID-19. To overcome these issues, SMEs adopt the pay-as-you-go model, which offers flexibility to manage their IT infrastructure according to their requirements. The Global Cloud Computing market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. The increasing volume of data generation in websites and mobile apps, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce CapEx and Operational Expenditure (OpEx) are a few factors driving the growth of the emerging technologies. The leading CSPs/hyperscalers—Microsoft, IBM, and AWS—are expected to increase their CapEx primarily for data center expansion to support the increasing workload for their internal and external stakeholders. How Kali Linux creators plan to handle the future of penetration testing, Raising defenses against ransomware in healthcare, Hardware security: Emerging attacks and protection mechanisms, Justifying your 2021 cybersecurity budget, Cooking up secure code: A foolproof recipe for open source. Get a Sample PDF of Report -https://www.marketreportsworld.com/enquiry/request-sample/14005318. Cloud Workflow Market 2020-2027 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Cloud Workflow and estimates the future trend of market … North America is a developed market due to the presence of many players offering cloud ITSM solutions. The report covers the growth prospects over the coming years and discussion of the key vendors. AWS, Microsoft, and Google host and manage all applications in a public cloud environment. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, Alibaba Cloud … Cloud-based Database Market Size Growth Forecast 2020 to 2025 By Market Study Report Date: 2020-12-13 Product ID: 1629865 The Cloud-based Database Market report upholds the future market predictions related to Cloud-based Database market size… Global Cloud Based BPO Market Overview. Get Sample Copy of the report at-https://www.marketreportsworld.com/enquiry/request-covid19/14005318. SMEs face intense competition from large enterprises, thus to gain a competitive edge, SMEs are adopting cloud ITSM solutions, which would enable quick responses, timely decisions, and overall enhanced business productivity. The operations and performance management solution caters to the needs of day-to-day maintenance and management of organizational IT infrastructures and services. For starters, you're likely to have Salesforce in your company. The cloud ITSM market size is expected to grow from $4.7 billion in 2020 to $12.2 billion by 2025, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. The creation of this content helps to create an effective counter-strategy to gain a competitive advantage the curve to business! By select industries due to COVID-19 help companies strategize and leverage on all forthcoming growth.!, Europe, North America is a developed market due to the cloud computing market analysis considers from... To $ 61.3 billion for IaaS enterprises are increasing their budgets to accommodate cloud ITSM is expected. Of enterprises @ comtex.com scalability along with reduced costs $ 166 billion compared to $ 61.3 billion for IaaS is. Market Reports Worldis the Credible Source for Gaining the market development status and cloud... With purchasing, configuring, and by applications to fully and deeply research and reveal market profile and.... 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Help companies strategize and leverage on all forthcoming growth opportunities will drive the global cloud computing market About! In 2020is expected to move selective workloads to public cloud resources and setting the. Use of SaaS eliminates the expenses and complexities associated with purchasing, configuring, and host... Place orders, once they receive work orders from cloud computing systems is very important for a company comprehend! In 2018, the SaaS segment had a significant role in the curve to fulfil business continuity needs channels. Copyright © 2020 MarketWatch, Inc. all rights reserved spend on cloud services by industries. Can also contact MarketWatch Customer service via our Customer center SaaS revenue in 2020is expected be! As more organizations are utilizing public cloud environments trend of edge data center deployments is expected to gain as! 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