The Global Public Cloud Market size is expected to reach USD 649.62 Billion by 2028, from USD 242.73 Billion in 2021, at a CAGR of 15.10% during the forecast period. (2022 - 2028).
A public cloud is one in which the provider owns and manages the physical infrastructure. They can offer a dedicated or shared operating environment, as well as the capacity to scale up and down on demand and the assurance of responsibility. These services include limitless capacity, potentially appealing prices resulting from large-scale infrastructures and related operating methods, and a pay-as-you-go pricing approach, making upfront server purchases unnecessary.
Top Player's Company Profiles
- AWS (US)
- Microsoft (US)
- Alibaba Cloud (China)
- IBM (US)
- Salesforce (US)
- Google (US)
- Oracle (US)
- SAP (Germany)
- Mendix (US)
- Zoho Corporation (India)
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Global Public Cloud Market Segmental Analysis
The global public cloud market is segmented based on End-User, and Region. Based on End-User it is categorized into: Cloud Business Process Services (BPaaS), Cloud Application Infrastructure Services (PaaS), Cloud Application Services (SaaS), Cloud Management and Security Services, Cloud System Infrastructure Services (IaaS), Desktop as a Service (DaaS). Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by End-User
Based on End-User, the popularity of SaaS can be attributed to its cost flexibility, ease of maintenance, and deployment. According to industry estimates, the number of companies moving to the cloud is increasing, with 73% of businesses moving the majority of their applications to the SaaS platform. Demand for SaaS services that enable collaborative teams to access previously centralized data and analytics has increased as a result of remote working.
In the coming years, SaaS products are expected to grow rapidly because their Total Cost of Ownership (TCO) will be significant compared to on-premise deployment models. Throughout the forecast period, the growing number of businesses offering cloud-based services and rising preferences for SaaS delivery models are expected to accelerate SaaS segment growth. SaaS is a pay-as-you-go model that gives businesses more flexibility and options, as well as web-based subscriptions that allow them to access the program from anywhere. The software-as-a-service (SaaS) delivery model focuses on delivering software solutions that can reach a large number of people.
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