Cloud computing has brought about a paradigm shift in the way businesses were performed traditionally in the information technology arena. Undoubtedly, cloud computing services have drastically reduced the costs of IT services to their customers and that has led to an increasing number of small and medium enterprises availing the benefits of cloud services. The delivery of computing services through the internet that comprises of storage, servers, networking, database, software, and analytics, etc. define the arena for cloud computing services market. Ease of scaling the services up or down, costs, increased productivity, security, increased performance, and higher speeds are some of the advantages offered by cloud computing services to the customers.
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Some Of The Leading Players In Global Market:
1. Akamai Technologies
2. Amazon Web Services
3. Cisco Systems, Inc.
4. Google, Inc.
5. IBM Corporation
6. Microsoft Corporation
7. Netsuite Inc.
8. Oracle Corporation
9. VMWare Corporation
10. Yahoo, Incorporation
The need for a more efficient automated computing service coupled with demands for higher efficiencies in the IT-based operations is anticipated to be a major driver for the cloud computing services market. Also, an increasing number of small and medium enterprises availing the cloud services owing to the lower total cost of ownership (TCO) would further propel the cloud computing services market. Concerns around the security of the data in the cloud services still hinder the growth of the cloud computing services market. Strengthening internet infrastructures in the majority of the developing economies and a strong emphasis on the cloud-based services laid down by organizations would provide good opportunities to the players operating in the cloud computing services market.
The report analyzes factors affecting the cloud computing services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cloud computing services in these regions.
The reports cover key developments in the cloud computing services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from cloud computing services market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud computing services in the global market. Below mentioned is the list of few companies engaged in the cloud computing services market.
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