Cloud computing facilitates range of services that include robust server networking, efficiency, analytics and others. The number of cloud service suppliers is growing at rapid pace owing to element of lucrativeness that technology currently holds. As more and the more enterprises and the micro business entities shift towards the digitization, cloud services find novel opportunities. Such factors are anticipated to play crucial role in guiding course of global public cloud market over next couple of years. Moreover, development of internet-of-things (IoT) is reflecting favourably on cloud deployments. Policymakers, particularly in the fast-developing countries are presenting new frameworks to improve the digitization and facilitate low-cost services for citizens. As public cloud facilities are usually free, their popularity stays to rise in countries such as Brazil, India and China. Outlook remains positive for the public cloud market, with avenues of growth expected to emanate in near future.Segment Overview
Cloud computing has developed into vast and complex ecosystem of the products, technologies, and services. Giving rise to multi-billion dollar economy where many of the cloud providers compete for ever-expanding cloud market share.Competitor overview
Amazon reported its cloud division revenue augmented 35% in third quarter 2019, which was down from over 37% in the previous quarter, and slowest growth rate in the five years. AWS completed its third-quarter with over $9 billion in the revenue. Each of three previous quarters also showed decline in the growth.
Microsoft followed AWS’s report with the Azure reporting revenue growth rate of over 59%. In similar vein to that of AWS, and was down on previous quarter which was over 64% and down from about 76% from year ago. While the company doesn’t break out specific income amounts for the Azure, the company did report that “Intelligent Cloud” business sales increased 27% to over $10.8 billion, with the revenue from server products and the cloud services increasing over 30%.
Similarly, next company, the Google’s GCP falls into the Alphabets revenue bucket, which includes the Google Play and hardware. GCP had highest revenue. Other revenue was over $6.43 billion in Q3, which was 39% increase above $4.64 billion year ago. There is no uncertainty that cloud business is largest of three for the company.
As we enter next decade number of market watchers are wondering about what reported slowdown in development means for public cloud market share. As has been extensively observed in the other markets a truism that as hyper-scale is attained growth rates will decline. Though, even with overall reduction in growth they still exceed practically every other area within broader technology market. As Q3 2019, overall quarterly run rate size for the industry was $25 billion, implying annual run rate is now above $100 billion and is still growing fast. It’s improbable that there are numerous other markets with the better prospects going into the next year.Key Players Public Cloud Market
- Cisco Systems
Public Cloud Market By Product
- Cloud Billing
- Cloud Communication Platform
- Cloud Access Security
- Cloud High Performance Computing
- Cloud Infrastructure
Public Cloud Market By End Use
- Aerospace and Defense
- It & Telecommunication
Public Cloud Market By Geography
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA