IMARC Group, a leading market research company, has recently releases report titled “Public Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global public cloud market share, size, growth, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the public cloud market?
The global public cloud market size reached USD 855.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4,382.3 Billion by 2033, exhibiting a growth rate (CAGR) of 18.91% during 2025-2033.
Factors Affecting the Growth of the Public Cloud Industry:
- Scalability and cost-effectiveness:
The unparalleled scalability and cost-effectiveness offered by public cloud services represent the key factor driving its demand. Businesses of all sizes can access a wide range of computing resources and storage options without the need for upfront capital investment in physical hardware and infrastructure. This pay-as-you-go model allows companies to adjust their resource usage based on current needs, ensuring they only pay for what they use. The scalability of public cloud services enables businesses to easily scale up or down to handle peak loads, promoting efficiency and cost savings. This flexibility is advantageous for startups and small and medium enterprises (SMEs), facilitating growth and innovation without the burden of high information technology (IT) costs, thus supporting the market expansion.
- The surge in remote working and digital transformation:
The global shift towards remote working, accelerated by the COVID-19 pandemic, has significantly contributed to the expansion of the public cloud market. Organizations have turned to public cloud solutions to enable seamless remote access to applications, data, and services, ensuring business continuity and supporting a distributed workforce. Furthermore, the ongoing digital transformation initiatives across industries are driving the adoption of public cloud services. Companies are leveraging cloud computing to modernize their IT infrastructure, enhance agility, and deploy advanced solutions such as artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) applications. The public cloud provides a robust platform for these initiatives, supporting innovation and competitive differentiation.
- Advancements in cloud technology and security:
Technological advancements in cloud computing, including improvements in cloud infrastructure, platforms, and services, are key factors driving the public cloud market. The development of next-generation cloud technologies, such as serverless computing, containers, and microservices architecture, offers businesses more efficient, flexible, and scalable cloud solutions. Additionally, significant strides in cloud security, including enhanced encryption methods, identity and access management (IAM) systems, and compliance with regulatory standards, have increased trust in public cloud services. As a result, organizations are more confident in migrating sensitive data and critical applications to the public cloud, thereby propelling market growth.
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Public Cloud Market Report Segmentation:
Breakup by Service:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Software as a service (SaaS) represents the largest segment due to its ease of use, scalability, and elimination of the need for organizations to install and run applications on their systems, significantly reducing IT expenses.
Breakup by Enterprise Size:
- Large Enterprise
- Small and Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) dominate the market as the public cloud offers them cost-effective, scalable IT resources, enabling these businesses to compete more effectively without the need for significant capital investment in IT infrastructure.
Breakup by End Use:
- BFSI
- IT and Telecom
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Healthcare
- Media and Entertainment
- Government and Public Sector
- Others
The Banking, Financial Services, and Insurance (BFSI) sector represents the biggest end use segment, driven by the sector’s need for high computational power, secure data storage solutions, and regulatory compliance, all of which are efficiently addressed by public cloud services.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America leads the market due to its advanced IT infrastructure, high adoption of cloud technologies, and the presence of major cloud service providers, making it a hub for innovation and growth in the public cloud sector.
Global Public Cloud Market Trends:
The proliferation of data analytics and big data applications is driving the growth of the public cloud market. In line with this, businesses are increasingly relying on cloud-based platforms to process and analyze vast amounts of data in real-time and gain insights to drive decision-making and strategic initiatives, which is further aiding in market expansion. Additionally, the growing adoption of multi-cloud and hybrid cloud strategies by enterprises seeking to optimize their cloud computing environments is bolstering the market growth. Furthermore, the widespread product adoption to enhance flexibility, reduce dependency on a single cloud provider, and enable more tailored IT solutions that align with specific business needs and regulatory requirements is providing an impetus to market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Alibaba Group Holding Limited
- Amazon Web Services Inc.
- Cisco Systems, Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Rackspace Technology Inc.
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informatika kampus 6 Mar 2025
nice for information!
Universitas Telkom