Cloud Computing Market Size, Share, Growth Analysis, By Service(Software As A Service ( Customer Relationship Management, Enterprise Resource Management, Human Capital Management, Content Management), By Deployment Mode(Private Cloud, Public Cloud, and Hybrid Cloud), By Enterprise Size(Large Enterprises, and Small & Medium Enterprise), By End-use(IT &ITES ( Devops, Big Data And Analytics, IT Security And Compliance, Others)), By Region - Industry Forecast 2024-2031

North America is largest market by region, because it was the first to adopt advanced technologies. As a result of big cloud vendors’ major presence in the area, the adoption of cloud services will also increase in the region. The cloud service vendors are mainly in the North America, investing in technological expertise, making strategic partnerships and increasing their cloud infrastructure. For instance, in September 2023, Oracle announced a partnership with TELMEX-Triara and so having the first two cloud regions in Mexico, which makes Oracle the first hyperscale to achieve the milestone. Organization that will find Oracle’s Cloud Infrastructure (OCI) useful will be those that offer better performance, more secure measures, integrating data analytics capabilities and having distributed cloud proficiency.  

The Asia Pacific region is the fastest growing region in the cloud computing market with the use of cutting-edge technologies such as IoT, AI, edge computing, and 5G across all sectors. The growth of private sector investments, strong government support and big population are factors that facilitate the rapid spread of new and emerging technologies in this place. The application of AI and machine learning in different sectors in the Asia-Pacific region and in Japan is going to be accepted as a leading country in ICT development that never stops improving and deploying the newest technologies. The trend of cloud technology is to be more and more available to all the enterprises in Japan. As a result, cloud migration will be a major consideration for most of the core applications of the enterprises. cloud computing will be greatly favoured by the implementation of the IaaS and PaaS models, bringing the creation of SaaS models to the background.