Cloud Computing Market to See Higher Traction due to Growing Remote Work Culture and Rising Investments in Data Security

Oct 3, 2023


"According to SNS Insider, the Cloud Computing Market size was estimated at US$ 445.3 Bn in 2022, and is expected to reach US$ 1449.84 Bn by 2030, with a growing healthy CAGR of 15.9% over the forecast period 2023-2030."


Pune, Maharashtra Oct 3, 2023 (Issuewire.com) - Cloud Computing Market to Witness Higher Traction due to Growing Remote Work Culture Coupled with Rising Investments in Data Security and Compliance

Cloud Computing Market Scope & Overview:

Based on the SNS Insider report, the Cloud Computing Market reached USD 445.3 billion in 2022 and is projected to attain USD 1,449.84 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.9% during the forecast period spanning from 2023 to 2030.

Cloud computing is a revolutionary technology that has transformed the way businesses and individuals manage and access data, software, and computing resources. It involves the delivery of computing services, such as storage, processing, and networking, over the internet, often referred to as "the cloud." Cloud providers offer resources on a pay-as-you-go basis, allowing users to scale their computing needs up or down as required. This elasticity is a fundamental feature of cloud computing.

Get a Free Sample Report of Cloud Computing Market @ https://www.snsinsider.com/sample-request/2779

Major Key Players Included in the Report are:

  • IBM Corporation
  • AWS
  • SAP SE
  • Microsoft
  • VMware
  • Google
  • Alibaba Cloud
  • Adobe
  • DigitalOcean
  • Salesforce
  • Oracle
  • Workday
  • Fujitsu
  • Sage
  • Rackspace
  • DXC
  • Tencent
  • NEC
  • Joyent
  • Virtustream
  • Skytap
  • Bluelock
  • Navisite
  • CenturyLink
  • OVH
  • Infor
  • Intuit
  • OpenText
  • Cisco
  • Box
  • Others

Market Analysis

The cloud computing market has been experiencing robust growth over the past decade, and several key drivers continue to fuel this expansion. Organizations across industries are undergoing digital transformation to stay competitive. Cloud computing provides the agility and scalability required to modernize legacy systems and embrace new technologies like artificial intelligence (AI), the Internet of Things (IoT), and big data analytics. Cloud computing allows businesses to reduce capital expenses associated with traditional IT infrastructure. By shifting to a pay-as-you-go model, companies can lower operational costs, only paying for the resources they consume, which is particularly appealing for startups and small businesses. As businesses expand globally, cloud providers offer a network of data centers in multiple regions. This global reach allows companies to deliver their services efficiently to customers around the world. Many organizations are adopting hybrid and multi-cloud strategies to combine the benefits of public and private clouds while avoiding vendor lock-in. This approach provides greater flexibility and redundancy.

Impact of Recession

The impact of an ongoing recession on the cloud computing market is multifaceted. While cost efficiency, remote work, and cloud security are likely to drive increased adoption, the overall market dynamics may be influenced by reduced IT spending and increased competition among cloud service providers. Businesses must carefully assess their needs and objectives to navigate the cloud landscape effectively during times of economic uncertainty.

Segmentation Analysis

The cloud computing landscape is undergoing a significant transformation, with the hybrid cloud segment emerging as a dominant force in the industry. In highly regulated industries like finance and healthcare, data security and compliance are paramount. Hybrid clouds provide the necessary control over sensitive data, allowing organizations The IT and Telecommunications segment is positioned to be a driving force in the cloud computing market. The advent of 5G technology is closely intertwined with cloud computing. Telecommunications providers are leveraging the cloud to harness the power of 5G networks, delivering high-speed, low-latency services such as IoT, augmented reality, and real-time data analytics.

Market Segmentation and Sub-Segmentation Included Are:

By Type

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By Service

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

By Industry

  • BFSI
  • IT and Telecommunications
  • Government
  • Consumer Goods and Retail
  • Healthcare
  • Manufacturing
  • Others

Regional Status & Analysis

North America, led by the United States, has been at the forefront of cloud computing market. Tech giants like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have their headquarters here. Countries like the UK, Germany, France, and the Netherlands have shown significant growth in cloud adoption. The European Union's General Data Protection Regulation (GDPR) has driven a focus on data privacy and security, impacting cloud strategies. Emerging markets in Eastern Europe, including Poland, Romania, and Hungary, have been increasingly adopting cloud technologies as they seek to modernize their IT infrastructure.

Enquire about the Report @ https://www.snsinsider.com/enquiry/2779

Conclusion

The future prospects for the market are highly promising, driven by several key trends and developments. The market is expected to continue its robust growth. Organizations across industries are increasingly adopting cloud solutions to drive efficiency, scalability, and cost savings. This trend is likely to persist as companies seek to modernize their IT infrastructure. With the increasing reliance on the cloud for critical operations and Cloud Computing, security and compliance will remain paramount.

Frequently Asked Questions

Q1) What is the projected outlook for cloud computing market growth?

Ans: The global market is projected to attain USD 1,449.84 billion by 2030, exhibiting a CAGR of 15.9% during the forecast period spanning from 2023 to 2030.  

Q2) What are the major factors influencing the cloud computing market?

Ans: The market continues to thrive due to its ability to drive digital transformation, enhance cost-efficiency, ensure scalability, and support remote work, security, and innovation.

Q3) Who are the leading players in the cloud computing market?

Ans: IBM Corporation (U.S.), AWS (US), Microsoft (US), VMware, Inc. (U.S.), Google (US), DigitalOcean (US), Salesforce (US), Oracle (US), Sage (UK), Rackspace (US), DXC (US), Tencent (China), NEC (Japan), Joyent (US), Bluelock (US), Navisite (US), OpenText (Canada).

Table of Contents - Major Key Points

 

  • Introduction
  • Research Methodology
  • Market Dynamics
  • Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of ongoing Recession on Major Economies
  • Value Chain Analysis
  • Porter's 5 Forces Model
  • PEST Analysis
  • Cloud Computing Market Segmentation, By Type
  • Cloud Computing Market Segmentation, By Enterprise Size
  • Cloud Computing Market Segmentation, By Service
  • Cloud Computing Market Segmentation, By Industry
  • Regional Analysis
  • Company Profiles
  • Competitive Landscape
  • USE Cases and Best Practices
  • Conclusion

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Buy Complete PDF of Cloud Computing Market Report 2023 @ https://www.snsinsider.com/checkout/2779

Read More ICT Related Reports

Media Contact

SNS Insider Pvt Ltd


[email protected]

+1-415-230-0044 (US)

Kharadi

http://www.snsinsider.com

Source :SNS Insider

This article was originally published by IssueWire. Read the original article here.

More News

President Lee calls for all-out efforts to boost housing supply
Oct 20, 2026
President Lee calls for all-out efforts to boost housing supply

President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out efforts to boost housing supply. The president made the call during a Cabinet meeting as runaway housing prices persist despite the government's efforts to cool the market. "Stable housing is the foundation for practical improvements in people's lives," Lee said, citing a decline in housing construction permits and the supply of new land for real estate development over the past three years as reasons for disruptions in housing supply. "In order to resolve the current problems in the real estate market, created by various factors that have accumulated over the years, consistent market management policies and large-scale housing supply measures should be implemented promptly," he added. Lee instructed officials to make all-out efforts to boost housing supply by cutting the time needed to prepare land for development and granting administrative permits for house construction as quickly as possible, "without being constrained by customary practic

Lee to hold 2nd plenary meeting on deregulation this week
Oct 20, 2026
Lee to hold 2nd plenary meeting on deregulation this week

President Lee Jae Myung will attend a meeting this week aimed at easing regulations to help nurture advanced industries and ensure balanced development, his office said Tuesday. The second plenary meeting of the regulation rationalization committee will be held Friday following the first session in April, according to Cheong Wa Dae. The upcoming meeting is expected to discuss ways to ease regulations to support the Lee administration's development plan focusing on regional growth, as well as its push to secure absolute global leadership in cutting-edge industries. As part of the discussion, officials will present solutions to regulatory obstacles to advancing growth-engine industries, including robotics, semiconductors, artificial intelligence (AI) data centers, self-driving vehicles and biotechnology, the presidential office said. They are also expected to delve into discussions on rationalizing unnecessary regulations to promote the growth of venture companies. Friday's meeting will bring together officials from Cheong Wa Dae and the finance, science, interior, industry, health, labor,

Man sent to prosecutors for allegedly murdering mother-in-law, kidnapping wife
Oct 20, 2026
Man sent to prosecutors for allegedly murdering mother-in-law, kidnapping wife

Police on Tuesday referred a man to the prosecution for allegedly murdering his mother-in-law and kidnapping his wife, officials said. The man, identified as 26-year-old Kim Sung-woo, is accused of stabbing his mother-in-law to death at her home in southern Seoul on Oct. 11 before kidnapping his wife who had been staying there, according to the Seoul Songpa Police Station. Kim allegedly assaulted his wife in the face when she was confined in his vehicle before police rescued her and took him into custody in Yangyang County, about 150 kilometers east of Seoul, hours after the alleged murder. The police station said it recommended charges of retaliatory murder, retaliatory confinement, aggravated assault and violations of laws on stalking and domestic violence against Kim to the prosecution. Kim's wife had applied for divorce mediation in August before withdrawing it to seek an annulment of their marriage. The suspect had stalked his wife on 18 occasions between Sept. 16 to Oct. 11, waiting for her near his in-law's home, the police said. Investigators are putting weight on the possibility t

[COVER STORY] Should women serve? Korea's female conscription debate is back as troop pool shrinks
Oct 20, 2026
[COVER STORY] Should women serve? Korea's female conscription debate is back as troop pool shrinks

South Korea’s decade-old debate over female conscription resurfaced during a National Assembly audit this month, amid growing concerns that a shrinking draft-eligible population could undermine military readiness. During a National Assembly defense committee audit on Oct. 12, opposition lawmakers raised the issue, arguing that the time has come for a public discussion as the eligible male population continues to fall. Defense ministry data shows the pool of 20-year-old men eligible for service dropped from 332,000 in 2019 to 257,000 in 2022, and is projected to fall further to 228,000 by 2035 and 120,000 by 2043. Rep. Yoo Yeong-ha of the main opposition People Power Party said, "Now, we must officially put female conscription on the table. This will also require broad societal consensus." Rep. Chun Ha-ram of the Reform Party used the term “gender-equal conscription” — meaning mandatory service for both men and women — to call for a broader discussion on reforming the system. “If we continue wringing a dry towel without even considering gender-equal conscription as an option,

Police apprehend arson suspect behind 2 building fires in southern Seoul
Oct 20, 2026
Police apprehend arson suspect behind 2 building fires in southern Seoul

Police on Tuesday apprehended a man in connection with suspected arson at two buildings in southern Seoul that left 19 people injured, officials said. The man in his 70s is accused of starting a fire on the third floor of a building in Seoul's southern ward of Gangnam at 11:54 a.m. before starting another fire on the fourth floor of a nearby building at 12:01 p.m. The fire at the first building forced some 60 people to evacuate and left 11 injured, including one in a state of cardiac arrest. Firefighters extinguished the blaze at 2:20 p.m. The fire at the second building left eight people injured before it was extinguished at 12:35 p.m. Police took the suspect into custody near Dongmyo Station in central Seoul at 4:16 p.m. after he went on the run by taking the subway. A police official declined to provide details as an investigation is ongoing. Authorities dispatched 115 firefighters to put out the fires after receiving a report that someone had started a fire.

Ruling party introduces chip cluster bill as union opposes labor exemptions
Oct 20, 2026
Ruling party introduces chip cluster bill as union opposes labor exemptions

The ruling Democratic Party of Korea (DPK) introduced a bill Tuesday to support a major semiconductor cluster in Korea’s southwestern region, drawing opposition from labor rights groups over provisions that would ease working-hour limits and labor protections. The bill, tentatively called the Special Act on Super-Regional Economic Zones, would allow local governments to form a single economic zone and offer faster permitting along with financial, fiscal and tax incentives to businesses. This comes as the liberal administration under President Lee Jae Myung and businesses seek to develop an 800 trillion won semiconductor cluster in the southwestern Jeolla region. DPK floor leader Rep. Han Byung-do said the party would submit another version of the bill — one that does not contain controversial labor exemptions — and develop a final draft through parliamentary deliberations. “We are well aware of the differing views across society on the bill’s key contentious issues, including the proposed working-hour exemptions,” Han said during a meeting at the National Assembly. “We will

Seoul dismisses Pyongyang's criticism of border warning shots as 'groundless'
Oct 20, 2026
Seoul dismisses Pyongyang's criticism of border warning shots as 'groundless'

Seoul’s defense ministry on Tuesday rejected Pyongyang’s criticism of warning shots and broadcasts along the inter-Korean border, calling them legitimate defensive measures intended to prevent North Korean troops from crossing the Military Demarcation Line (MDL). The ministry accused Pyongyang of shifting responsibility for rising military tensions to Seoul after Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un, threatened to reinforce weapons deployments near the border and resume loudspeaker broadcasts toward the South. “The warning broadcasts and warning shots carried out by our military near the MDL are legitimate defensive measures aimed at preventing North Korean troops from crossing the line and compelling those who have crossed to withdraw,” a military official said during a background briefing Tuesday. The official expressed serious concern that Kim had criticized operations conducted under the 1953 Korean Armistice Agreement while threatening further military action. The ministry urged Pyongyang to stop making “groundless claims” and crossing the

Korea to certify 1,000 Korean restaurants abroad with expanded rating system
Oct 20, 2026
Korea to certify 1,000 Korean restaurants abroad with expanded rating system

As global appetite for Korean food soars beyond classic barbecued beef into everyday staples like fried chicken and "gimbap," Korea’s agricultural ministry is launching an initiative to ensure diners abroad get authentic, high-quality meals wherever they step into a Korean eatery. The Ministry of Agriculture, Food and Rural Affairs unveiled a five-year plan, Tuesday, to dramatically expand and overhaul its overseas restaurant certification system, targeting a total of 1,000 official seals of approval worldwide. The strategy comes as global awareness of Korean cuisine climbed to 68.6 percent in 2025, driven by the global fame of Korean pop culture and television dramas. Yet rapid international growth has brought quality control challenges, with some overseas venues trading on the name of Korean food despite lacking culinary expertise or proper ingredients. To bridge that gap, the ministry is overhauling its Excellence in Korean Dining program. Once limited to upscale establishments, the updated system introduces a two-tier rating structure that includes casual neighborhood spots. Resta

Seoul court again orders Japanese firm to pay forced labor victims
Oct 20, 2026
Seoul court again orders Japanese firm to pay forced labor victims

A Seoul appeals court on Tuesday again ordered a Japanese company to compensate Korean victims of Japan's wartime forced labor. The appellate division of the Seoul Central District Court ruled that Mitsubishi Materials Corp. must pay a total of 99 million won ($74,500) to five Koreans who were forced to work in Japan during World War II, upholding a lower court's ruling partially in favor of the plaintiffs. Mitsubishi Materials, formerly known as Mitsubishi Mining, was ordered to pay approximately 27 million won to one plaintiff, surnamed Heo, and 18 million won each to the four others. Korean courts have issued numerous rulings ordering Japanese companies to compensate forced labor victims and their families since the Supreme Court upheld two landmark compensation rulings in 2018. The Supreme Court said the 1965 treaty signed between Korea and Japan to settle issues stemming from Japan's 1910-45 colonial rule of the Korean Peninsula did not extinguish individuals' right to seek damages.

Ha Ji-won has special way of eating kimchi to reduce sodium intake
Oct 20, 2026
Ha Ji-won has special way of eating kimchi to reduce sodium intake

Click here for more articles by Kormedi.com. Actress Ha Ji-won has revealed how she managed her weight by cutting back on soup broth and seasonings. In a recently released episode of her YouTube channel, Ha took a part-time job at a wine bar alongside a former schoolmate. While chatting with her coworkers after work, she described how she managed her diet. “I didn’t drink broth. If I wanted to eat kimchi, I rinsed it in water. I avoided seasonings altogether,” Ha said. She also revealed the foods she relied on most when managing her weight were eggs, tofu and tomatoes. Cutting back on broth and salty seasonings can help reduce sodium intake. Eggs and tofu are good sources of protein, while tomatoes provide water and dietary fiber. When incorporating these foods into meals, it is also worth paying attention to the amount of oil and sauce used. Cut back on broth and seasonings When eating soups and stews, consuming the broth along with the solid ingredients also means taking in sodium from salt, soy sauce and other seasonings. The same applies to adding extra sauce to heavily seasoned

S. Korea warns of 'decisive retaliation' as N. Korea threatens to deploy strike assets to border
Oct 20, 2026
S. Korea warns of 'decisive retaliation' as N. Korea threatens to deploy strike assets to border

South Korea vowed Tuesday to take decisive action if North Korea launches any further provocations, pushing back after Pyongyang threatened military escalation over warning shots fired by the South along the fortified border. The defense ministry issued such a statement a day after Kim Yo-jong, the powerful sister of North Korean leader Kim Jong-un, threatened to resume propaganda loudspeaker broadcasts against Seoul and deploy more tactical strike assets along the Demilitarized Zone (DMZ) separating the two Koreas, saying the border situation has become "very unstable." "The Ministry of National Defense expresses grave concern over Director Kim Yo-jong's criticism of our military's legitimate operations conducted under the Armistice Agreement, as well as her escalation of tensions through military threats," the released statement said. "We will retaliate decisively should North Korea engage in further provocations using our legitimate measures as a pretext," it added. The ministry urged Pyongyang to cease its far-fetched claims and repeated incursions south of the military demarcation l

Academics explore how entrepreneurs can navigate AI disruption at Jinju forum
Oct 20, 2026
Academics explore how entrepreneurs can navigate AI disruption at Jinju forum

JINJU, South Gyeongsang Province — Academics explored how entrepreneurs can turn artificial intelligence (AI)-driven disruption into business opportunities and solutions to social challenges at the 2026 Jinju K-Entrepreneurship International Forum. The fourth session, held Tuesday, the second day of the forum, examined how individuals and organizations can navigate uncertainty and turn technological disruption into opportunities through experimentation, resilience and practical problem-solving. Erkko Autio, chair in technology transfer and entrepreneurship at Imperial College London, pointed out that AI has dramatically lowered the technical and financial barriers to developing products, making the products themselves less effective as a source of competitive advantage. “The bottleneck in entrepreneurship was that it required engineering capacity and money. But now AI has collapsed that constraint because anyone can now build whatever they desire,” Autio said. “So the competitive advantage now comes from the entrepreneurial journey, which takes time, and from the product itself t

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.


News On Express

Fills you in with all the breaking world news and brief news articles so that you can read them on-the-go. Grab yourself a coffee and enjoy reading on News On Express.

NEWSLETTER

Copyright © 2015 - 2026 News On Express. All Rights Reserved.