The UK Cloud Computing Market Report is Segmented by Type (Public Cloud (IaaS, Paas, and SaaS), Private Cloud, and Hybrid Cloud), by Organization Type (SMEs and Large Enterprises), by End-User Industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The revenue in the public cloud market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 48.7 billion U.S. dollars (+142.48 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 82.87 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning Spain and the United States. The Statista Market Insights cover a broad range of additional markets.

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Public Cloud Services Market Size 2025-2029

The public cloud services market size is forecast to increase by USD 1.71 trillion at a CAGR of 23.1% between 2024 and 2029.

The global public cloud services market is driven by increasing demand for scalable IT solutions and advancements in cloud technology. Key factors include a shift toward remote work and digital operations as businesses adapt to flexible models, alongside innovations like AI-enhanced cloud platforms that streamline processes. 
This report provides a detailed look at market size, growth forecasts through 2029, and key segments such as infrastructure as a service (IaaS) and software as a service (SaaS), offering practical insights for refining strategies, engaging clients, and optimizing operations. It highlights the trend of multi-cloud adoption for improved resilience while addressing challenges like data security concerns that require robust safeguards. For businesses aiming to stay competitive in the global public cloud services market, this report delivers essential data and analysis to leverage emerging opportunities and tackle operational hurdles effectively.

What will the Size of the Public Cloud Services Market be During the Forecast Period?

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The market is experiencing significant growth, driven by several key trends. The increasing number of data center hyperscale and colocation providers is expanding the cloud infrastructure, enabling businesses to store and process large volumes of data. Strategic partnerships and collaborations among market participants are fostering innovation and enhancing service offerings.
The market provides on-demand access to computing resources and cloud professional services via the Internet, which is projected to experience significant growth in the upcoming years. This expansion is fueled by the increasing adoption of cloud-based solutions among businesses, particularly in industries such as finance, healthcare, and B2B e-commerce.
However, challenges such as company lock-in and operational complexities persist, requiring cloud service providers to offer flexible contracts and simplified management tools. As businesses continue to adopt cloud services for their digital transformation initiatives, these trends and challenges will shape the market's growth trajectory.

How is the Public Cloud Services Market Segmented?

The market 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.ServiceSaaSIaaSPaaSTypeSMEsLarge enterpriseEnd UserBFSIIT & telecomRetail & consumer goodsManufacturingEnergy & utilitiesHealthcareMedia & entertainmentGovernment & public sectorOthersDeployment TypePublic CloudHybrid CloudApplicationStorage & BackupApplication Development & TestingAnalytics & Big DataBusiness ApplicationsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Service Insights

The SaaS segment is estimated to witness significant growth during the forecast period. The market encompasses Software-as-a-Service (SaaS), where software applications and related data are centrally hosted and accessed via the Internet using a web browser. SaaS offers automated delivery, enabling businesses to access various software components and features for a subscription fee. This cost-effective model eliminates the need for purchasing, configuring, and managing hardware and software. The adoption of SaaS has risen due to the proliferation of instant messaging and social media in enterprises.

Furthermore, small and medium-sized businesses particularly benefit from this model due to its scalability and flexibility. Digital transformation initiatives, such as automation and the integration of connected devices, further fuel the demand for public cloud services.

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The SaaS segment was valued at USD 256.20 billion in 2019 and showed a gradual increase during the forecast period. Virtual machines, containerization, and serverless computing are foundational technologies driving the flexibility and scalability of modern cloud infrastructures. Data lakes, API gateways, and load balancers ensure efficient data management, seamless integration, and optimized traffic distribution across cloud environments. Encryption keys, identity management, and cloud firewalls enhance security, safeguarding data integrity and access controls. Cloud orchestration automates the deployment and management of resources, while disaster backup and multi-tenancy models ensure data redundancy and operational continuity. Latency optimization, bandwidth allocation, and auto-scaling enable performance tuning based on real-time demand,

The revenue in the 'Platform as a Service' segment of the public cloud market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 10.4 billion U.S. dollars (+140.16 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 17.85 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Platform as a Service' segment of the public cloud market was continuously increasing over the past years.Find more in-depth information regarding the revenue concerning the public cloud market in France and the revenue concerning the public cloud market in Portugal. The Statista Market Insights cover a broad range of additional markets.

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

The Report Covers Global Cloud Monitoring Market Solutions, Tools & Services and It is Segmented by Model (IaaS, Saas, and PaaS), End-User Industry (BFSI, Retail, IT and Telecommunications, Healthcare, Government, Manufacturing, and Other End-User Industries), and Geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Singapore, Australia, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, and Rest of the Middle East and Africa)). The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

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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 global private cloud services market is expanding steadily, driven by growing needs for secure, scalable IT infrastructure and advancements in cloud technology. Key drivers include the increasing emphasis on data privacy and compliance, as businesses prioritize secure environments for sensitive information, and the integration of hybrid cloud solutions, which offer flexibility to meet diverse workload demands across sectors like finance, healthcare, and retail.
This report provides a clear view of the global private cloud services market, including market size, growth projections, and key segments such as infrastructure as a service (IaaS) and platform as a service (PaaS). It delivers actionable insights for IT strategy, client solutions, and operational efficiency. A significant trend highlighted is the rise of edge computing within private clouds, enabling faster data processing closer to its source. One critical challenge explored is the high initial investment required for deployment, which can strain budgets despite long-term benefits. The report also examines regional trends, identifying opportunities in North America, Europe, APAC, and beyond.
For organizations seeking a competitive advantage in a global landscape, this report offers essential data and analysis to navigate emerging trends and address implementation challenges, ensuring they optimize their private cloud investments effectively

What will be the size of Market during the forecast period?

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Private cloud services have gained significant traction in today's digital landscape, offering businesses on-demand platforms for intelligent data services with enhanced security and control. With the increasing importance of data protection and confidentiality, private cloud solutions have become a preferred choice for organizations looking to mitigate infrastructure setup expenses and ensure business continuity. A hybrid strategy, combining both private and public cloud services, has emerged as a popular choice for businesses seeking the benefits of both worlds. Hybrid CSPs offer the flexibility of public cloud with the security and control of private cloud, allowing businesses to host sensitive workloads on private servers while leveraging public cloud for less critical applications.

Market Segmentation

The market 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


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

Which is the largest segment driving market growth?

The IaaS segment is estimated to witness significant growth during the market forecast period. Private cloud services, a model of cloud computing, offer enterprises, including Small and Medium-sized Enterprises (SMEs) and Large Enterprises, the ability to access and utilize computing infrastructure as a service over the Internet. This infrastructure includes servers, storage, and data center space or network components. Vendors of Infrastructure as a Service (IaaS) provide enterprises with on-demand access to a vast pool of IT equipment installed across numerous data centers worldwide. Data center managed services and cloud computing are essential components offerings, providing businesses with customizable, secure, and efficient IT solutions.

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The IaaS segment was valued at USD 94.2 billion in 2019. By operating entirely within corporate firewalls, the service providers can ensure the security of applications and data. This is a crucial consideration for industries such as IT & telecommunication and healthcare, which handle sensitive information. The automated delivery model of IaaS ensures that enterprises can easily scale their computing resources to meet their evolving needs. Interoperability concerns are minimal in private IaaS as the infrastructure is dedicated to a single organization. This makes it an attractive option for enterprises seeking greater control over their IT environment while still enjoying the cost savings and flexibility associated with cloud computing.

Which region is leading the market?

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Cloud Computing Market In Government Sector Size 2024-2028

The cloud computing market in government sector size is forecast to increase by USD 27.22 billion at a CAGR of 14.8% between 2023 and 2028. In the government sector, cloud computing market is experiencing significant growth due to several key drivers. One major factor is the increasing demand for cross-functional services, enabling various departments to streamline operations and collaborate more effectively. Another trend is the prioritization of cloud-based security solutions to safeguard sensitive data and ensure temperature stability, food safety, and contamination protection for applications in food packaging. Another trend is the rising demand for cloud-based security solutions, as government organizations seek to protect sensitive data and improve cybersecurity. The adoption of cloud services is also driven by the need for clarity and aesthetic appeal in various sectors, such as media and entertainment, where an oxygen and moisture barrier is crucial for maintaining the shelf life of digital content. The market analysis report highlights these trends and provides insights into the challenges, including the rising costs of cloud services and the need for seamless integration with existing systems.

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Cloud computing has emerged as a transformative technology in various sectors, including the US government. This technology offers numerous benefits, such as cost savings, scalability, and increased security. Government agencies are increasingly adopting cloud computing to streamline operations, improve data management, and enhance service delivery. Cloud computing enables government organizations to access technology infrastructure and applications over the internet, eliminating the need for on-premises hardware and software. This model allows agencies to pay only for the resources they use, reducing capital expenditures and operational costs.

Moreover, cloud computing offers the flexibility to scale resources up or down as per the changing demands, ensuring optimal resource utilization. Security is a critical concern for government agencies, and cloud computing provides advanced security features to address these concerns. Cloud service providers invest heavily in security infrastructure, including firewalls, intrusion detection systems, and encryption technologies. These measures help protect sensitive government data from cyber threats, ensuring data confidentiality, integrity, and availability. Cloud computing also offers improved data management capabilities. Government agencies generate vast amounts of data daily, and managing this data can be a challenge. Cloud computing provides efficient data storage and management solutions, allowing agencies to store, process, and analyze data in real-time.

Furthermore, this capability is essential for making informed decisions and responding to emerging trends and issues. Another significant advantage of cloud computing for government agencies is customization. Cloud service providers offer a range of customizable solutions tailored to specific agency requirements. This flexibility enables agencies to choose the right solution for their unique needs, ensuring optimal performance and productivity. Cloud computing also enhances collaboration and communication within government agencies and between agencies and external stakeholders. Cloud-based applications and tools enable real-time data sharing and collaboration, improving inter-agency coordination and response times. In conclusion, cloud computing offers numerous benefits to US government agencies, including cost savings, scalability, improved security, efficient data management, customization, and enhanced collaboration.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Hardware
  Software
  Services


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Product Insights

The hardware segment is estimated to witness significant growth during the forecast period. In the government sector, cloud computing has become an essential component of information and communication technology expenditures. The market for cloud IT hardware is expanding as IaaS, PaaS, and SaaS models gain popularity. The need for quick data processing and analytics is driving the adoption of cloud computing across various industries. Additionally, the availability of various deployment models, including public, private, and hybrid, has accelerated the growth of this market. Cloud computing's benefits exte

The revenue in the 'Infrastructure as a Service' segment of the public cloud market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 6.3 billion U.S. dollars (+165.35 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 10.08 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Infrastructure as a Service' segment of the public cloud market was continuously increasing over the past years.Find more in-depth information regarding the revenue concerning the public cloud market in Europe and the revenue concerning the public cloud market in Denmark. The Statista Market Insights cover a broad range of additional markets.

The United Kingdom Data Center Storage Market Report is Segmented by Storage Technology (Network Attached Storage (NAS), Storage Area Network (SAN), Direct Attached Storage (DAS), and Other Technologies), by Storage Type (Traditional Storage, All-Flash Storage, and Hybrid Storage), by End-User (IT & Telecommunication, BFSI, Government, Media & Entertainment and Other End-Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The UK data center market is experiencing robust growth, projected to reach £22.53 billion in 2025, expanding at a compound annual growth rate (CAGR) of 21.8% from 2025 to 2033. This surge is driven by several factors. The increasing adoption of cloud computing and digital transformation initiatives across various sectors, including finance, healthcare, and technology, fuels the demand for robust and scalable data center infrastructure. Furthermore, the UK government's ongoing investments in digital infrastructure and its strategic location as a major European hub for international businesses are significant catalysts. Growth is also fuelled by the rising demand for edge computing, enabling faster data processing and reduced latency for applications requiring real-time responsiveness. The increasing need for robust cybersecurity measures also contributes to market expansion, as businesses prioritize data protection and compliance with stringent regulations. However, the market isn't without challenges. Rising energy costs pose a significant restraint, impacting operational expenses and potentially hindering profitability. Competition among established players and new entrants is intensifying, leading to price pressures and the need for continuous innovation. Furthermore, securing sufficient land and skilled labor for data center construction can pose challenges in certain regions, potentially delaying project timelines and increasing costs. Despite these constraints, the long-term outlook for the UK data center market remains positive, propelled by continuous technological advancements and the unwavering growth of digital economies. Key segments, including IT infrastructure, power management, and security solutions, will experience significant expansion, attracting investment and driving further innovation within the sector. Major players like Amazon, Microsoft, and Equinix are expected to maintain a strong competitive position, leveraging their extensive experience and resources to capture market share.

UK IT Services Market size was valued at USD 105.14 Billion in 2024 and is projected to reach USD 180.65 Billion by 2032, growing at a CAGR of 7% from 2025 to 2032.

UK IT Services Market Dynamics

The key market dynamics that are shaping the UK IT services market include:

Key Market Drivers

Digital Transformation Acceleration Post-COVID: The pandemic has dramatically accelerated digital transformation initiatives across UK businesses, creating sustained demand for IT services. According to the Office for National Statistics (ONS), the percentage of UK businesses using cloud computing services increased from 42% in 2020 to 53% in 2023, with enterprise spending on digital transformation reaching USD 66.46 billion in 2023. The UK government’s “Digital Strategy” initiative has further committed USD 3.23 billion in digital skills training through 2025 to support this transformation.

The UK software distribution market is anticipated to grow exponentially in the next decade, owing to the growing acceptance for cloud-based solutions, digital transformation across various sectors, and the increasing prevalence of subscription-based software models. At an estimated market value of USD 22,115.2 million in 2025, the market is expected to be on a rise at a CAGR of 12.8% till USD 73,743.7 million by 2035.

Attributes	Values
Estimated UK Market Size in 2025	USD 22,115.2 million
Projected UK Market Size in 2035	USD 73,743.7 million
Value-based CAGR from 2025 to 2035	12.8%

Semi-Annual Market Update for UK Software Distribution Market

Particular	Value CAGR
H1 2024	11.9% (2024 to 2034)
H2 2024	12.4% (2024 to 2034)
H1 2025	12.6% (2025 to 2035)
H2 2025	13.1% (2025 to 2035)

An Analysis of the UK Software Distribution Market by Segment

Deployment Type	Market Share (2025)
Cloud-Based Distribution	65.4%
On-Premise Distribution	34.6%

Organization Size	Market Share (2025)
Small and Medium Enterprises (SMEs)	38.2%
Others	61.8%

Market Concentration and Competitive Landscape

Vendors	Market Share (2025)
Softcat	26.7%
Bytes Technology Group	21.5%
Computacenter	19.4%
SCC UK	15.3%
Others	12.8%

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Cloud-based content management services Market for higher education sector Size 2024-2028

The cloud-based content management services market for higher education sector size is forecast to increase by USD 3.02 billion at a CAGR of 22.14% between 2023 and 2028.

The cloud-based content management services market for the higher education sector is experiencing significant growth, driven by several key trends. One notable trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies, which enhance the functionality and effectiveness of these services. Another trend is the emergence of gamification and interactive learning, which increase student engagement and improve learning outcomes. However, data security and privacy concerns remain a challenge for the adoption of cloud-based content management services in higher education. Institutions must ensure that their data is securely stored and accessed only by authorized personnel to mitigate potential risks. Overall, the market is expected to continue growing as institutions seek to provide their students with more efficient, effective, and engaging learning experiences.

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The cloud-based content management services market for the higher education sector is experiencing significant growth as educational institutions increasingly adopt digital solutions to enhance the learning environment for students and staff. This market encompasses a range of offerings, including cloud management software for multi-cloud administration, advanced technology such as machine learning and artificial intelligence for content organization and workflow automation, and document storage solutions. Legacy Enterprise Content Management (ECM) solutions are being replaced with cloud-based alternatives, enabling easier access to academic content and administrative data from both online and offline environments. Video conferencing technologies are also integrated into these systems, facilitating remote learning and collaboration.
Hybrid cloud solutions cater to the unique needs of higher education institutions, offering a balance between security and flexibility. Retail service providers are entering this market, offering scalable and cost-effective solutions for educational institutions. Overall, the higher education market's shift to cloud computing technology is driving the demand for centralized content management systems that can effectively manage the vast amounts of data generated in this sector.

How is this Cloud-based content management services for higher education sector Industry segmented and which is the largest segment?

The market report provides comprehensive data (region-wise segment analysis), with Market forecasting and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Solution

  Content management systems
  Web content management systems


Type

  Hybrid cloud
  Private cloud
  Public cloud


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Solution Insights

The content management systems segment is estimated to witness significant growth during the market forecast period.

Higher education institutions produce an extensive volume of digital content, consisting of academic materials, research documents, multimedia resources, and administrative data. Cloud-based Content Management Systems (CMS) facilitate the organization and centralization of this content, enhancing accessibility and manageability for students, faculty, and staff. CMS platforms offer collaborative learning environments through features such as document sharing, version control, discussion forums, and group workspaces, fostering interactive experiences and peer-to-peer collaboration in traditional and online courses. Furthermore, these systems enable personalized learning by delivering customized content and resources based on students' learning styles, progress, and performance. Advanced technologies like Multi-Cloud Administration, Machine Learning, and Hybrid Clouds contribute to the effectiveness of CMS platforms In the higher education market. CMS platforms also ensure data security, compliance checks, and scalability, making them an essential component of the higher education environment.

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The content management systems segment was valued at USD 417.65 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contrib

In 2023, the worldwide cloud computing market achieved a valuation of US$ 579.58 billion, and it is anticipated to expand at a steady pace of 13.5% between 2023 and 2033, ultimately reaching an impressive value of US$ 2,062.26 billion by 2033.

Attributes	Details
Cloud Computing Market Value (2023)	US$ 579.58 billion
Cloud Computing Market Value (2033)	US$ 2,062.26 billion
Cloud Computing Market Growth Rate (2023 to 2033)	13.5 %.

What is the Performance of the Cloud Computing Industry in Different Geographical Regions?

Regions	CAGR (2023 to 2033)
The United Kingdom (UK)	12.5%
China	13.7%
India	13.1%

The revenue in the 'Cloud Security' segment of the cybersecurity market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 293.7 million U.S. dollars (+239.38 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 416.41 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Cloud Security' segment of the cybersecurity market was continuously increasing over the past years.Find more information concerning Worldwide and Denmark. The Statista Market Insights cover a broad range of additional markets.

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Telecom Cloud Market Size 2024-2028

The telecom cloud market size is forecast to increase by USD 63.68 billion at a CAGR of 29.7% between 2023 and 2028.

The market is experiencing significant growth due to several key trends and factors. The increasing reliance on enterprise mobility and the need to enhance operational efficiency are major drivers propelling market expansion. The shift towards cloud-based technologies, including network function virtualization and software defined networking, enables scalability and flexibility for CSPs to meet the evolving demands of consumers and businesses. The COVID-19 pandemic has led to an increase in telecom dependence, further boosting market growth. Additionally, stringent regulatory compliance is pushing telecom companies to adopt cloud solutions to ensure data security and privacy. These trends are shaping the future of the market and are expected to continue driving growth In the coming years.

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The market is experiencing strong growth as communications service providers (CSPs) increasingly adopt cloud services to support digital transformation and enhance network capabilities. The integration of artificial intelligence and automation further enhances network performance and efficiency. Small and medium-sized enterprises (SMEs) are also embracing cloud services for their cost-effective and agile solutions. The market's size is significant, with digital media behemoths and IoT applications driving substantial growth. Cloud-native technologies, such as Platform-as-a-Service (PaaS), Multi-cloud computing, and virtualized network infrastructure, are becoming essential components of the telecom landscape.
Security remains a top priority, with data security and cybersecurity concerns driving innovation In the market. As 5G networks gain traction, network congestion and the need for programmable network infrastructure will continue to shape the market's direction. Major players, including Microsoft Azure, Google Cloud, and Amazon Web Services, are investing heavily in this space to cater to the growing demand for cloud-based solutions.

How is this Telecom Cloud Industry segmented and which is the largest segment?

The telecom cloud industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  Public
  Private
  Hybrid


End-user

  Large enterprises
  Small and medium enterprises


Geography

  North America

    Canada
    US


  Europe

    UK


  APAC

    China
    India


  South America



  Middle East and Africa

By Deployment Insights

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

The public cloud segment dominates The market due to its cost-effectiveness and scalability. Telecom companies can leverage public cloud services' pay-as-you-go pricing model to align operating expenses with actual usage, avoiding substantial upfront investments in hardware and software. This flexibility enables organizations to allocate resources strategically and invest in innovative solutions, such as cloud-native applications, data analytics, artificial intelligence, and the Internet of Things (IoT). Public cloud platforms are indispensable for telecom companies undergoing digital transformation, offering infrastructure and tools for implementing SDN, NFV, 5G, and other cloud-based technologies. Service providers and businesses, including mobile users, public enterprises, SMEs, and digital media behemoths like Netflix and YouTube, benefit from the low latency and higher speed capabilities of these platforms.

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The public segment was valued at USD 4.84 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 49% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is experiencing significant growth due to the increasing adoption of telecom cloud solutions among Small and Medium Enterprises (SMEs). The benefits of telecom cloud, including energy efficiency and enhanced write speed, are driving SMEs to modernize their infrastructure and maintain competitiveness. Telecommunications network investments in North America are fueled by escalating data traffic resulting from the proliferation of Internet of Things (IoT) devices and the

Global Cloud Services Market Size By Services, By Type, By Geographic Scope And Forecast

Get Detailed insights into the Market Sizing Cloud Numbers Market with tailored analysis from GlobalData Custom Solutions Services Read More

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Cloud Artificial Intelligence (AI) Market Size 2024-2028

The cloud artificial intelligence (ai) market size is forecast to increase by USD 12.61 billion at a CAGR of 24.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the emergence of technologically advanced devices and the increasing adoption of 5G and mobile penetration. These factors enable the integration of AI technologies into various applications, leading to improved efficiency and productivity. However, the market also faces challenges from open-source platforms, which offer free AI solutions, making it difficult for market players to compete on price. Despite this, the market is expected to continue its growth trajectory, driven by the increasing demand for AI solutions in various industries, including healthcare, finance, and retail. Organizations are leveraging cloud-based AI solutions to gain insights from their data, automate processes, and enhance customer experiences.The market analysis report provides a comprehensive overview of these trends and challenges, offering valuable insights for stakeholders looking to capitalize on the growth opportunities In the cloud AI market.

What will be the Size of the Cloud Artificial Intelligence (AI) Market During the Forecast Period?

Request Free SampleThe market is experiencing robust growth, driven by the increasing adoption of machine learning (ML), deep learning, neural networks, and generative AI technologies. These advanced algorithms are revolutionizing various industries by emulating human intelligence in speech recognition, digital media, diagnostics, cybersecurity, and business decision-making. Hyperscale cloud platforms are becoming the preferred infrastructure for AI applications due to their ability to handle massive data processing requirements. Cloud AI solutions are transforming IT services by automating routine tasks, enhancing data analytics, and improving human capital management. They offer significant cost savings by eliminating the need for expensive hardware and maintenance. Moreover, AI-driven cloud management and data management solutions enable predictive analytics, personalization, productivity, and security enhancements.In addition, AI is playing a pivotal role in threat detection and cybersecurity, ensuring business continuity and data protection. Overall, the cloud AI market is poised for exponential growth, as organizations continue to leverage AI to gain a competitive edge In their respective industries.

How is this Cloud Artificial Intelligence (AI) Industry segmented and which is the largest segment?

The cloud artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSoftwareServicesGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanSouth AmericaMiddle East and Africa

By Component Insights

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

Artificial Intelligence (AI) software replicates human learning and behavior, revolutionizing various business sectors. AI development involves creating new software or enhancing existing solutions to deliver analytics results and trigger actions based on them. Applications of AI include automating business processes, personalizing services, and generating industry-specific insights. The digitization trend has driven industrial transformations, with healthcare being a prime example. According to BDO's Healthcare Digital Transformation Survey, 93% of US healthcare organizations adopted digital transformation strategies in 2021, integrating AI, computing, and enterprise resource planning software. AI functionality encompasses speech recognition, machine learning (ML), deep learning, neural networks, generative AI, automation, decision-making, and more.Hyperscale cloud platforms, IT services, infrastructure, data analytics, human capital management, cost savings, cloud management, data management, predictive analytics, personalization, productivity, security, threat detection, integration, talent gap, and chatbots are significant AI applications. AI tools process data, power business intelligence, and enable lower costs through ML-based models and GPUs. Enterprise datacenters, virtualization, public clouds, private clouds, and hybrid cloud solutions leverage AI for non-repetitive tasks. AI streamlines workloads, automates repetitive tasks, monitors and manages IT infrastructure, and offers dynamic cloud services. AI is transforming industries, from retail inventory management to financial organizations, providing competitive advantages through cost savings and improved decision-making capabilities.

Get a glance at the Cloud Artificial Intelligence (AI) Industry repo