Surge in demand for cloud services and increase in adoption of cloud in SMEs propel the growth of the global cloud services market. Based on service model, the software as a service segment is anticipated to rule the roost throughout the forecast period. Based on industry vertical, the healthcare segment would register the fastest growth rate in between 2020 to 2027.

Portland, OR , Sept. 29, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cloud services market estimated at $264.80 billion in 2019 and is expected to hit $927.51 billion by 2027, registering a CAGR of 16.4% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning stratagems, drivers & opportunities, market size & estimations, competitive landscape, and fluctuating market trends.

Surge in demand for cloud services and an increase in the adoption of cloud in SMEs propel the growth of the global cloud services market. However, concerns regarding data security and breaches impede the growth to some extent. On the other hand, surge in the adoption of cloud services in developing regions is anticipated to offer lucrative opportunities to the market players in the coming future.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/393

Covid 19 Scenarios-

• The upsurge in the digital user base due to the pandemic has increased the demand for cloud computing by various industries.
• An increase in the trend of remote working has fueled the adoption of cloud services.

Get detailed COVID-19 impact analysis on the cloud services market: https://www.alliedmarketresearch.com/request-for-customization/393

The global cloud services market is segmented on the basis of service type, cloud type, enterprise size, industry vertical, and region.

Based on the service model, the market is categorized into IaaS, PaaS, SaaS, BPaaS, and management and security services. The software as a service segment accounted for more than two-fifths of the global market share in 2019 and is anticipated to maintain dominance throughout the forecast period. On the other hand, the infrastructure as a service segment would cite the fastest CAGR of 18.2% from 2020 to 2027.

Based on industry vertical, the industry is segmented into BFSI, IT & telecommunications, government, retail, healthcare, energy & utilities, media & entertainment, manufacturing, and others. The BFSI segment held the highest market share, contributing to nearly one-fifth of the global market revenue in 2019, and is estimated to rule the roost by 2027. Nevertheless, the healthcare segment is projected to manifest the fastest CAGR of 19.1% throughout the forecast period.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/393

Based on geography, the report has been analyzed across regions including Asia-Pacific, Europe, LAMEA, and North America. The global cloud computing region across North America held the lion’s share in 2019, accounting for nearly two-fifths of the revenue share. On the other hand, the Asia-Pacific region is anticipated to portray the fastest CAGR of 18.6% by the end of 2027.

The market players operating in the cloud services market analysis include Alibaba Cloud, Amazon Web Services, Inc., Cisco System, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machine (IBM) Corporation, Microsoft Corporation, Oracle Corporation, and Rackspace Hosting, Inc.

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter