In a recent published report, Kenneth Research has updated the market report for Cloud Computing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Computing Market products.
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Cloud Computing is an internet based technology that serves a centralized data source to remote devices connected via internet or intranet. It is a network where a program or application runs on a server and is shared across multiple devices such as Personal Computers (PCs), Laptops, and Mobile Devices. The sole requirement is connecting the server through a communication network such as Internet or Intranet or Local Area Network (LAN) or Wide Area Network (WAN).
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The earlier levels of virtualization were featured by integrated storage, CapEx and OpEx savings, and data security and so on. Cloud computing enables utilization of data to support business decisions while keeping IT cost down. It also enables organizations to leverage PaaS for faster application deployment. Cloud Computing is being largely used by major companies for their widely used applications such as Drop box Inc. for their Dropbox Storage, Google Inc. for Gmail, Google Auto Back Up, Face book, Ever note, Skype and lot more.
Cloud Computing services have a transformational effect on all sectors across the globe. Almost all the sectors are shifting or at least thinking to shift their database into the cloud. Today several IT companies have moved to cloud computing. Other sectors such as healthcare and social media are most affected by cloud computing. There are several reasons why a company or an industry migrates to cloud. However, the major reason is cost reduction. Cloud services are allowing the businesses to reduce their capital expenditure by eliminating the cost of IT Infrastructure.
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2. Amazon Web Services
7. SAP AG
8. Softlayer (IBM)
Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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