Cloud Business Process Services (Bpaas)
Report ID: SQMG45B2003 | Region: Global | Published Date: November, 2022 | Pages: 157
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.
The introduction of emerging technologies such as Artificial Intelligence (AI) and machine learning facilitates cloud growth by allowing businesses to tap into AI capabilities. The COVID-19 pandemic has emerged as a major threat to the global economy. Cloud computing allows businesses to survive the business continuity challenges posed by lockdown, work from home, social distancing, and other Public Cloud Market mandates. However, as a result of the pandemic, businesses, managers, and employees are increasingly opting for remote working. Remote working has emerged as the latest trend and is expected to continue in the long term.
Public Cloud allows businesses to adapt and run their operations more efficiently and quickly in response to changing Public Cloud Market conditions. It makes technology more consumer-friendly. It has opened up previously unimaginable possibilities for creating highly engaging customer experiences. People and businesses have changed their behaviour as a result of cloud, and multiple lines of business have been able to work around tech policies to get things done. Organizations' investment strategies, digital business decision processes, and vendor and technology selection are all influenced by cloud trends.
Cloud Business Process Services (Bpaas)
Cloud Business Process Services (Bpaas)
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Sample Report
In 2021, North America dominated the global market, accounting for more than 40% of total revenue. Companies in the United States are known for being early adopters of next-generation technologies such as the Internet of Things, additive manufacturing, big data analytics, connected industries, AI, AR, ML, and VR, as well as the latest telecommunication technologies such as 4G, 5G, and LTE. Businesses in the United States are continuing to use cutting-edge technology, which bodes well for future growth. The presence of numerous vendors such as Microsoft Corporation, Oracle Corporation, Amazon.com Inc., and International Business Machines Corporation, as well as a greater willingness to adopt new technologies, are expected to aid this region in maintaining its Public Cloud Market position.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The market's various competitors are challenged to provide innovative offerings that enable communication in addressing changing technologies, business practices, and security needs. Partnerships, strategic mergers, and acquisitions are expected to be the most effective ways for industry players to gain quick access to emerging markets while also improving technological capabilities. For instance, In May 2021, Barco has chosen Salesforce to improve its partner, customer, and employee experiences, as well as prepare its operations for future growth. Furthermore, In October 2020, Microsoft Corporation partnered with ZEISS Group to provide better patient care and improve manufacturing quality through data solutions. ZEISS Group planned to use Microsoft Azure as its cloud platform as part of this partnership to provide digital experiences to its German manufacturers, respond quickly to changing Public Cloud Market conditions, and boost overall productivity and efficiency.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Skyquest has identified that Enterprises with existing infrastructure are moving toward cloud computing services adoption and are willing to take a hybrid approach to reap the benefits of both on-premises and cloud services. Small businesses are increasingly turning to cloud computing services because of the numerous advantages they offer, including no upfront infrastructure costs and computing services that are available on demand. These factors are influencing the adoption of hybrid cloud services by businesses. Improved workload management, increased security and compliance, and efficient integration within DevOps teams are all advantages of the hybrid cloud. It also provides the necessary scalability to gain a competitive advantage over other businesses by allowing users to switch from on-premises to cloud or between clouds. As a result of these factors, there is a rise in hybrid CSP.
|Market size value in 2028||649.62 Billion|
|Forecast Unit (Value)||Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Public Cloud Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Public Cloud Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Public Cloud Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Public Cloud Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.