In the fourth quarter of 2024, Amazon Web Services (AWS), held around ** percent market share of the cloud infrastructure services market. AWS's share of the cloud infrastructure services market has remained steady at around a ***** of the total market since at least 2017. Microsoft Azure and Google Cloud take ** percent and ** percent market share, respectively. The next ****** cloud providers held a combined ** percent of market share. The main types of cloud computing Infrastructure as a service (IaaS) or cloud infrastructure services form one of the three core service models of the

In the fourth quarter of 2024, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled ** percent of the entire market. Microsoft Azure takes second place with ** percent market share, followed by Google Cloud with ** percent market share. Together, these three cloud vendors account for ** percent of total spend in the fourth quarter of 2024. Organizations use cloud services from these vendors for machine learning, data analytics, cloud native development, application migration, and other services. AWS Services Amazon Web Services is used by many organizations because it offers a wide variety of services and products to its customers that improve business agility while being secure and reliable. One of AWS’s most used services is Amazon EC2, which lets customers create virtual machines for their strategic projects while spending less time on maintaining servers. Another important service is Amazon Simple Storage Service (S3), which offers a secure file storage service. In addition, Amazon also offers security, website infrastructure management, and identity and access management solutions. Cloud infrastructure services Vendors offering cloud services to a global customer base do so through different types of cloud computing, which include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Further, there are different cloud computing deployment models available for customers, namely private cloud and public cloud, as well as community cloud and hybrid cloud. A cloud deployment model is defined based on the location where the deployment resides, and who has access to and control over the infrastructure.

The global private cloud services market is set to grow, with a valuation of USD 124.6 billion in 2025, and it is going to touch USD 618.3 billion by 2035. The CAGR of 15.9% is likely during the projection period proposed.

Metric	Value
Industry Size (2025E)	USD 124.6 billion
Industry Value (2035F)	USD 618.3 billion
CAGR (2025 to 2035)	15.9%

Country-wise CAGR Analysis of the Private Cloud Services Market (2025 to 2035)

Country	CAGR (2025 to 2035)
USA	15.2%
UK	13.8%
France	12.5%
Germany	13.0%
Italy	11.3%
South Korea	14.0%
Japan	12.8%
China	16.5%
Australia	13.2%
New Zealand	11.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
Amazon Web Services (AWS)	32%
Microsoft Azure	25%
IBM Cloud	15%
Google Cloud Platform (GCP)	10%
VMware	8%
Other Companies Combined	10%

Globally, the public cloud market is currently valued at 685.3823 billion USD and is projected to reach a staggering 2,225.9945 billion USD by 2033, reflecting a robust CAGR of 12.81% from 2025 to 2033. Faster digital transformation, rising cloud-native application development, increased affordability, and rapid penetration of mobile devices and IoT are some key growth drivers shaping the public cloud market. Furthermore, the adoption of innovative technologies like AI, ML, and analytics further fuels demand for cloud computing resources. Regionally, North America holds the largest market share, followed by Europe and Asia Pacific. Leading cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) dominate the market, offering comprehensive cloud services across IaaS, PaaS, and SaaS models. Key trends shaping the market include the increasing adoption of multi-cloud and hybrid cloud solutions, the rise of edge computing, and the growing significance of data security and compliance. Despite these growth drivers, factors such as data privacy and security concerns, legacy systems, and potential vendor lock-in can restrain market growth to some extent. Recent developments include: In March 2023, Alibaba Cloud, the foundation of Alibaba Group's digital technology and intelligence, announced its partnership with long-time partner Dubai Holding to upgrade the facility with cutting-edge cloud infrastructure and a wider range of products and services in analytics, databases, industry solutions, and AI services to provide customers with the best digital solutions during their journey towards digitalization. In February 2023, Alibaba Cloud, the digital technology and intelligence core of Alibaba Group has been selected by e-commerce platform MyEUShop and its joint venture logistics partner, Nederlands Express (NLE), as their preferred cloud service provider and technology partner. MyEUShop and NLE will receive assistance from Alibaba Cloud to optimize their retail solutions and e-commerce platform infrastructure to achieve future commercial growth. In March 2023, AWS, a division of Amazon.com, Inc., has announced plans to open a region for its infrastructure in Malaysia. The new Amazon Region will allow developers, start-ups, entrepreneurs, businesses, government, educational, and charity institutions more options for using Malaysian data centers to operate their applications and serve end users. In October 2022, UBS and Microsoft announced a significant expansion of their collaboration to expand UBS's public cloud footprint over the next five years. As part of this transformational endeavour, UBS intends to operate more than half of its applications, including key workloads, on Microsoft Azure, the firm's primary cloud platform. The collaboration advances UBS's "cloud-first" strategy and modernization of its global technology estate. In July 2022, in India, Adobe Experience Manager (AEM) as a Cloud Service, powered by Adobe Experience Cloud, is now generally available, according to Adobe. With SaaS-like agility and experience management capabilities, AEM, a cloud-native solution, helps businesses manage and scale customized digital content for every channel. This enables marketers and developers to quickly create powerful, personalized digital experiences in just a few weeks, unlike the industry norm of months. . Notable trends are: Increasing demand for immersive virtual reality experiences is driving the market growth..

The cloud service market is expected to be valued at US$ 624.8 billion in 2024. The cloud service technologies are predicted to rise at a staggering CAGR of 15.7% from 2024 to 2034. The global market is anticipated to reach US$ 2,686.06 billion by 2034.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Value in 2034	US$ 2,686.06 billion
Value-based CAGR from 2024 to 2034	15.7%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	14.9%
Forecast CAGR from 2024 to 2034	15.7%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	12.6%
Germany	15.2%
Japan	16.9%
China	16.2%
Australia and New Zealand	19.2%

Category-wise Insights

Category	Market share in 2024
Software as a Service (SaaS)	56.1%
Public Cloud	60.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Valuation in 2034	US$ 2,686.06 billion
Value-based CAGR 2024 to 2034	15.7%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Service Type Deployment Enterprise Size Industry Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	IBM Corporation Dell Technologies SAP Google Oracle Corporation Cisco System Inc. AWS Fujitsu Global Rackspace Technologies Inc. Microsoft

Snapshot img

Private Cloud Services Market Size 2025-2029

The private cloud services market size is forecast to increase by USD 385.7 billion at a CAGR of 19.6% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the increased preference for private cloud solutions due to enhanced data security. This trend is particularly prominent in the Banking, Financial Services, and Insurance (BFSI) sector, where the handling of sensitive financial data necessitates stringent security measures. However, the adoption of private cloud services is not without challenges. One of the major obstacles is the high costs associated with implementing and maintaining these services. Despite this, the market presents numerous opportunities for companies seeking to capitalize on the growing demand for secure and customizable cloud solutions. Organizations can address the cost challenge by exploring cost-effective deployment models, such as hybrid cloud, and optimizing resource utilization.
Additionally, they can leverage advanced technologies, such as automation and artificial intelligence, to streamline operations and reduce operational costs. Overall, the market is poised for growth, offering significant opportunities for companies that can effectively address the security concerns and cost challenges of their clients.

What will be the Size of the Private Cloud Services Market during the forecast period?

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The market continues to evolve, with dynamic market activities shaping its landscape. Cloud storage solutions, such as block and object storage, play a crucial role in data management for various sectors, including financial services and enterprise resource planning. Cloud automation, driven by network, storage, and server virtualization, enables continuous delivery and integration. Disaster recovery and business continuity are essential components of cloud services, ensuring uninterrupted operations for large enterprises. Cloud security is a top priority, with advanced solutions protecting against cyber threats and ensuring data privacy. Customer relationship management applications enhance business interactions, while API management streamlines integration and collaboration.
Cloud native and cloud-adjacent technologies, like machine learning and artificial intelligence, are transforming industries, from edge computing to big data analysis. Cost optimization and continuous improvement are ongoing priorities, with cost savings and efficiency gains driving adoption. Hybrid cloud solutions cater to diverse business needs, offering flexibility and scalability. Cloud orchestration and management tools facilitate seamless integration and optimization of these services. The Internet of Things and supply chain management are among the many sectors adopting cloud services for improved efficiency and innovation.

How is this Private Cloud Services Industry segmented?

The private cloud services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  IaaS
  SaaS
  PaaS


Type

  Large enterprise
  Small and medium enterprise


Vertical

  BFSI
  IT & Telecom
  Healthcare & Life Sciences
  Government & Public Sector
  Retail & Consumer Goods
  Manufacturing
  Energy & Utilities


Deployment Type

  Dedicated Private Cloud
  Virtual Private Cloud


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Service Insights

The iaas segment is estimated to witness significant growth during the forecast period.

Private cloud services, a model of Infrastructure-as-a-Service (IaaS), enable businesses to access and utilize computing infrastructure, including servers, storage, network components, and data center space, over the Internet. IaaS companies offer enterprises on-demand access to a vast pool of IT equipment installed across multiple data centers worldwide. These solutions are delivered in a highly automated manner, providing benefits such as better security. In a private cloud setup, the entire infrastructure operates within corporate firewalls, ensuring enhanced security for applications and data. Moreover, private cloud services support the integration of advanced technologies like cloud automation, network virtualization, storage virtualization, server virtualization, block storage, disaster recovery, file storage, cloud security, customer relationship management, object storage, and API management.

The adoption of these technologies contributes to the maturity of cloud services, enabling enterprises to optimize costs, improve business continuity, and enhance operational efficiency. Ar

In the first quarter of 2021, Amazon Web Services (AWS) took 37 percent of market share of the cloud infrastructure services in the United States. Microsoft Azure takes the second place with 23 percent, and Google Cloud the third with 9 percent market share. Collectively, these cloud service providers account for 69 percent of total cloud infrastructure services spend in the United States market.

Cloud Computing Market Outlook

According to our latest research, the global cloud computing market size reached USD 678.9 billion in 2024, reflecting robust expansion driven by digital transformation across industries. The market is expected to grow at a CAGR of 17.2% from 2025 to 2033, reaching a forecasted value of USD 2,334.6 billion by 2033. This rapid growth is primarily fueled by increased enterprise adoption of cloud-based solutions, demand for scalable IT infrastructure, and the proliferation of advanced technologies such as artificial intelligence, machine learning, and big data analytics.

A key growth factor propelling the cloud computing market is the accelerating pace of digitalization across both private and public sectors. Organizations are increasingly prioritizing cloud-first strategies to enhance operational agility, streamline workflows, and reduce capital expenditure on traditional IT infrastructure. The flexibility and scalability offered by cloud computing services allow businesses to quickly adapt to changing market conditions, launch new products and services, and respond to customer needs with unprecedented speed. Additionally, the COVID-19 pandemic has significantly amplified the need for remote work solutions, further driving the adoption of cloud platforms for collaboration, data storage, and application deployment.

Another major driver is the continuous evolution of cloud service models, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). These models provide organizations with tailored solutions that cater to diverse operational requirements, from data management and application development to analytics and cybersecurity. The increasing integration of artificial intelligence and machine learning capabilities within cloud platforms is enabling businesses to harness data-driven insights, automate processes, and foster innovation. Moreover, the growing trend of hybrid and multi-cloud deployments is allowing organizations to optimize their IT environments by leveraging the strengths of multiple cloud providers while maintaining control over sensitive workloads.

Security and compliance considerations are also shaping the growth trajectory of the cloud computing market. As data privacy regulations become more stringent, enterprises are seeking cloud solutions that offer robust security features, data encryption, and compliance with industry standards. Cloud service providers are continuously enhancing their offerings to address these concerns, investing in advanced security technologies and collaborating with regulatory bodies to ensure adherence to global standards. This heightened focus on security is not only mitigating risks but also building trust among organizations, thereby accelerating cloud adoption across sectors such as BFSI, healthcare, and government.

From a regional perspective, North America continues to dominate the cloud computing market, accounting for the largest share due to the presence of major technology companies, early adoption of cloud technologies, and substantial investments in research and development. However, the Asia Pacific region is witnessing the fastest growth, driven by rapid digital transformation in emerging economies, increasing internet penetration, and government initiatives supporting cloud adoption. Europe and Latin America are also experiencing significant market expansion, with enterprises leveraging cloud solutions to enhance competitiveness and drive innovation. The Middle East & Africa region, while still in the nascent stages of cloud adoption, is expected to demonstrate steady growth as digital infrastructure improves and awareness of cloud benefits increases.

Service Model Analysis

The cloud computing market is segmented by service model into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Among these, Software as a Service (SaaS) continues to hold the largest share, primaril

The worldwide public cloud computing market continues to grow and is expected to reach an estimated ****** billion U.S. dollars in 2025. This encompasses business processes, platform, infrastructure, software, management, security, and advertising services delivered by public cloud services. A public cloud is a cloud deployment model that offers computing services over the internet. The physical hardware of this cloud model is shared by multiple companies. The services offered to customers include storage, bandwidth, or CPU cycles. Public clouds are cost-effective Among the many benefits of a public cloud is that services are offered to the customer through a pay-as-you-go model. This means that no upfront investments must be made, which otherwise lead to running costs for maintaining on-premise hardware and application infrastructure. Instead, the cloud service provider ensures proper management and maintenance of the system and the customer only pays for services consumed. AWS, Azure, and Google are dominating the market Key companies offering public cloud platforms to customers are Amazon Web Services, Microsoft Azure, and Google Cloud. Their preeminence on the market is demonstrated by organizations’ plans to continually migrate their data to the cloud and use cloud applications for their business operations on a global scale.

According to Cognitive Market Research, the global private cloud services market size will be USD 125421.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 50168.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 37626.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 28846.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6271.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2508.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.
The large enterprises category is the fastest growing segment of the private cloud services industry

Market Dynamics of Private Cloud Services Market

Key Drivers for Private Cloud Services Market

Increasing Emphasis on Compliance with Regulations to Boost Market Growth

The private cloud services market has experienced growth because of the growing focus on privacy and adherence to regulations. Businesses are forced to make sure that their information stays inside certain regional bounds and is governed by regional protection laws as privacy legislation becomes stricter across numerous industries and geographies. Because they allow organizations to maintain authority over the storage and accessibility of their information, private cloud services are a practical solution that also helps them comply with legal obligations. This advantage not only promotes the use of private cloud services by enterprises but also increases trust in the dependability and security of information management practices, which drives the market's overall expansion. For instance, Hewlett Packard Enterprise (HPE) is a key leader in the private cloud market. The business prides itself on its ability to provide customized private cloud solutions that combine infrastructure tools and cloud apps to meet the specific requirements of each customer. After that, businesses can incorporate this platform into a multi-cloud or hybrid platform.

Rising Need for Storage of Data to Drive Market Growth

The private cloud services market has witnessed steady growth due to the increasing requirement for data storage. File storage is becoming more and more necessary as more people choose to save and share their photos, documents, collections, and other belongings. All kinds of enterprises can now use inexpensive, flexible tools, facilities, and storage thanks to cloud computing. Private cloud services provide ways to save costs while enhancing the proficiency and flexibility of information technology. Statistics have applications in both the personal and professional spheres. The need for data storage in the cloud has increased. As a result, a lot of cloud storage companies provide limitless data storage. The expanded capacity, instant accessibility, and archive backup capabilities of consumer computers and handheld gadgets are driving the need for private cloud computing.

Restraint Factor for the Private Cloud Services Market

High Charges & Upfront Expenses, will Limit Market Growth

One factor impeding the expansion of the private cloud services industry is the upfront fees and deployment expenses. Private clouds provide more customization and protection, but the infrastructure setup and migration of legacy applications can be costly. These upfront fees may be exorbitant for small to mid-sized organizations, particularly those with tight budgets. Furthermore, the continuous costs for upkeep and administration may be high. The market's overall expansion may be slowed down if some firms are discouraged from implementing private cloud services by these financial constraints.

Impact of Covid-19 on the Private Cloud Services Market

The private cloud services business was greatly affected by the COVID-19 pandemic. Organizations expanded their use of techn...

Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report

Dataset updated: Jun 27, 2024

Dataset authored and provided by: Mordor Intelligence

License: https://www.mordorintelligence.com/privacy-policy

Time period covered: 2019 - 2029

Area covered: Global

Variables measured: CAGR, Market size, Market share analysis, Global trends, Industry forecast

Description: The Cloud Computing Market size is estimated at USD 0.68 trillion in 2024, and is expected to reach USD 1.44 trillion by 2029, growing at a CAGR of 16.40% during the forecast period (2024-2029).

Report Attribute

Study Period	2019-2029
Market Size (2024)	USD 0.68 Trillion
Market Size (2029)	USD 1.44 Trillion
CAGR (2024 - 2029)	16.40%
Fastest Growing Market	Asia Pacific
Largest Market	North America

Quantitative Units: Revenue in USD Billion, Volumes in Units, Pricing in USD

Regions and Countries Covered:

North America	United States, Canada
Europe	Germany, United Kingdom, Italy, France, Russia, and Rest of Europe
Asia-Pacific	India, China, Japan, South Korea, and Rest of Asia-Pacific
Latin America	Brazil, Mexico, Argentina, and Rest of Latin America
Middle East and Africa	Brazil, Mexico, Argentina, and the Rest of Middle East and Africa

Industry Segmentation Covered:

By Cloud Computing: IaaS, SaaS, PaaS

By End-User: IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, Media and Entertainment

Market Players Covered: Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce

Japan Cloud Computing Market Report is Segmented by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (IaaS, Paas, Saas), Organisation Size (Large Enterprises, Smes), End-User Industry (BFSI, Manufacturing, Healthcare and More), Workload Type (AI/ML & HPC, ERP & Core Business Apps, Web Hosting & CDN and Pune), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The ANZ (Australia and New Zealand) cloud computing market exhibits robust growth, mirroring the global trend. While precise ANZ-specific data isn't provided, extrapolating from the global CAGR of 22.42% and considering the region's strong digital adoption and economic development, we can project significant expansion. The $8.81 billion global market size in the specified year (assuming this is the 2025 value) suggests a substantial ANZ market share, likely in the hundreds of millions. Drivers such as increasing digital transformation initiatives by enterprises (particularly large enterprises and SMEs in sectors like BFSI, telecommunications, and government), rising demand for enhanced data security and scalability, and the increasing adoption of hybrid and multi-cloud strategies are key factors propelling this growth. The market is segmented by cloud deployment models (public, private, hybrid), organizational size, and industry verticals, with public cloud services (IaaS, PaaS, SaaS) experiencing the most rapid growth. Competitive dynamics are intense, with global giants like Microsoft, AWS, Google, and IBM alongside significant regional players vying for market share. While challenges exist such as data sovereignty concerns and cybersecurity risks, the overall trajectory points to sustained expansion in the coming years, fueled by ongoing technological advancements and evolving business needs. Growth is expected to be particularly strong in areas such as artificial intelligence, machine learning, and big data analytics within the cloud environment. The ANZ cloud computing market's growth trajectory is expected to remain positive throughout the forecast period (2025-2033). Sustained investment in digital infrastructure, government initiatives promoting cloud adoption, and the increasing maturity of cloud-native applications will contribute to this expansion. However, potential restraints include the need for skilled professionals, the complexities of managing multi-cloud environments, and the need for robust data privacy and security frameworks. Nonetheless, the long-term outlook remains optimistic, with significant opportunities for cloud providers and businesses alike to leverage the power of cloud technologies to achieve business objectives. We anticipate continuous innovation within cloud services, leading to further market segmentation and specialization in niche areas. This report provides a comprehensive analysis of the ANZ Cloud Computing Market, offering invaluable insights for businesses operating within or considering entry into this dynamic sector. Covering the period from 2019 to 2033, with a focus on 2025, this study meticulously examines market size, growth drivers, challenges, and future trends, enabling informed strategic decision-making. The report leverages a robust methodology, incorporating extensive primary and secondary research to deliver accurate and actionable intelligence. Recent developments include: August 2024: the TEAM Cloud platform announced that it would provide more than 100 Oracle Cloud Infrastructure (OCI) services. These services are designed to help New Zealand organizations comply with regulatory and data sovereignty mandates, ensuring sensitive data stays within the nation's borders. Consequently, this guarantees that all data is securely housed and safeguarded within New Zealand, bolstering both data residency and digital sovereignty.July 2024: Microsoft Corporation partnered with CCL, establishing Microsoft's first large-scale cloud in the upcoming New Zealand cloud region. As a result of this collaboration, CCL is expected to lead the large-scale migration of customers to Microsoft's North Cloud region in New Zealand.January 2024: Macquarie Cloud Services, in collaboration with Microsoft and Dell Technologies, unveiled "Macquarie Flex." This newly launched hybrid solution would use the power of Microsoft Azure Stack HCI (Hybrid Cloud Infrastructure) and Dell Technologies' APEX Cloud Platform for Microsoft Azure. The company also aims to offer workload flexibility, a unified management interface, a consistent user experience, round-the-clock mission-critical support, and continuous compliance across public, private, and hybrid cloud environments.. Key drivers for this market are: Growth of Cloud-Native Technologies, Rising Enterprise Demand for Cloud Services. Potential restraints include: Growth of Cloud-Native Technologies, Rising Enterprise Demand for Cloud Services. Notable trends are: Growing Demand of Hybrid Cloud in Australia and New Zealand.

The Cloud Managed Services Market size was valued at USD 117.11 billion in 2023 and is projected to reach USD 305.87 billion by 2032, exhibiting a CAGR of 14.7 % during the forecasts period. This surge is propelled by the increasing adoption of cloud computing, the need for cost optimization and efficiency, and the proliferation of hybrid and multi-cloud environments. Cloud managed services offer numerous benefits, including enhanced scalability, flexibility, and security, catering to the evolving needs of businesses. Cloud Managed Services provide enterprises with cost-effective solution for the management and maintenance of their cloud resources. These services include services such as infrastructure services, application services, and security services. Outsourcing of management tasks allows firms to stay out of traditional business functions but guarantees the stability of performance and availability. Cloud managed services are the service management solutions such as monitoring, backup and disaster recovery services aligned to the business needs and regulation. They facilitate easy scalability, the provision of resources at optimum cost, and robust security systems to protect against cybercrimes. Recent developments include: In June 2023, Samsung Electronics and NAVER Cloud collaborated to launch a 5G network for Hoban Construction. This innovative network is the first in the Korean construction sector, empowering companies to integrate diverse 5G applications to enhance efficiency and safety at construction sites. , In May 2023, Serviceaide, Inc., a US-based of IT and service management solutions provider, unveiled its AI-powered solutions and the AI-Everywhere Luma Virtual Agent. Luma 3.0, incorporating Generative AI, introduced a significant advancement in productivity, efficiency, cost reduction, and business process innovation. This enhancement aims to improve all service management functions. With Luma 3.0, users and staff enjoy highly interactive experiences that effectively address their needs, providing relevant information without manual searching. , In April 2023, Sinch, a computer software company, joined forces with Synoptek, an IT service provider and Microsoft Gold partner. This strategic partnership enables Sinch to provide professional and managed Microsoft Teams Phone System services seamlessly integrated with Operator Connect or Direct Routing. The collaboration enhances the capabilities and offerings of both companies, ensuring efficient and effective solutions for their customers. , In April 2023, VMware, Inc., a cloud computing company, launched VMware Cross-Cloud managed services. These comprehensive offerings benefit partners and customers, empowering skilled partners to expand their managed services practices. The launch of VMware Cross-Cloud managed services facilitates growth, profitability, and recurring revenue for providers, while also addressing the challenge of talent and skills gaps in multi-cloud environments. It aims to deliver faster time to value and bridge the IT expertise divide for customers. , In June 2022, Hewlett Packard Enterprise launched platform improvements and innovative cloud services for HPE GreenLake. This solution aims to support organizations in modernizing their applications and data by providing a private cloud experience that is automated, flexible, scalable, and suitable for enterprise use. .

The Saudi Arabia Cloud Services Market is Segmented by Deployment (Public Cloud (Software-As-A-Service, Platform-As-A-Service, Infrastructure-As-A-Service), Private Cloud), by End-User Industry (Oil, Gas & Utilities, Government & Defense, Healthcare, Financial Services, Manufacturing & Construction). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

The Asia-Pacific Cloud Computing Market Report is Segmented by Deployment Model (Public, Private, Hybrid, Multi-Cloud), Service Model (IaaS, Paas, Saas, FaaS/BaaS, Draas), Organization Size (SMEs, Large Enterprises), End-User Industry (Manufacturing, Education, Retail, Transportation, Healthcare, BFSI, Telecom, Government, Utilities, Media), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The North America Professional Cloud Services Market report segments the industry into By Type of Deployment (Public, Private, Hybrid), By Type of Service Model (Platform-as-a-Service, Software-as-a-Service, Infrastructure-as-a-Service), End-User Industry (Healthcare, Retail, Entertainment and Media, Government and Public Sector, BFSI, Information and Communication Technology, and more), and Country (United States, Canada).

The Europe Cloud Computing Market Report is Segmented by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (IaaS, Paas, Saas), Organization Size (SMEs, Large Enterprises), End-User Industry (Manufacturing, Education, Healthcare, BFSI, Telecom, Government, and More), and Geography (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

The statistic depicts the predicted market share of three major cloud service providers in the United States in 2020. According to the survey, respondents predicted Amazon Web Services to hold 52 percent of the cloud services market in 2020.

Report Attribute/Metric	Details
Market Value in 2025	USD 191 billion
Revenue Forecast in 2034	USD 1.19 unknown unit
Growth Rate	CAGR of 22.5% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	156 billion
Growth Opportunity	USD 1.0 unknown unit
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD billion and Industry Statistics
Market Size 2024	156 billion USD
Market Size 2027	287 billion USD
Market Size 2029	431 billion USD
Market Size 2030	528 billion USD
Market Size 2034	1.19 unknown unit USD
Market Size 2035	1.46 unknown unit USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Type, Deployment Model, Organisation Size, Industry Vertical
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., China, Japan, Germany, UK - Expected CAGR 21.6% - 31.5% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	Indonesia, Brazil, South Africa - Expected Forecast CAGR 16.9% - 23.4% (2025 - 2034)
Top 2 Opportunistic Market Segments	Financial and and Insurance (BFSI) Industry Vertical
Top 2 Industry Transitions	Shift to Hybrid Cloud Solutions, Rise of AI and ML in Cloud Services
Companies Profiled	Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud, Alibaba Cloud, Oracle Cloud, Salesforce Cloud, Rackspace Technology, SAP Cloud Platform, Fujitsu Cloud, VMWare Cloud and Digital Ocean
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)