Global Distributed Cloud Market Highlights over 2022 – 2031
The global distributed cloud market is estimated to grow at a CAGR of ~9% over the forecast period, i.e., 2022 – 2031. Distributed cloud deploys multiple clouds that are used to meet compliance and performance requirements, and support edge computing, while being centrally managed from the public cloud provider. The growth of the market can be attributed to the increasing adoption of cloud computing across various industry verticals. For instance, cloud computing services generated almost USD 400 billion in revenue in 2021. Furthermore, distributed cloud services provide various advantages, including faster content delivery, better storage and distribution of content, and improved delivery speed. Moreover, growing penetration of internet, and installation of cloud servers are estimated to boost the growth the market. According to the World Bank Statistics, 56.727% of the global population used internet in 2019. Additionally, growing technological research and innovation, and upgrades in cloud technology are estimated to further boost the market growth.
The market is segmented by service type into data security, data storage, networking, and others, out of which, the data storage segment is anticipated to hold a substantial share in the global distributed cloud market over the forecast period on account of increasing demand for larger storage capacity in cloud services, and faster access to stored data.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Distributed Cloud Market Regional Synopsis
On the basis of geographical analysis, the global distributed cloud market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing proliferation of tech-giants in the developing nations, along with the growing IT sector in the region. For instance, the IT services industry in the APAC region is projected to reach approximately USD 240 billion by 2022.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rising adoption of cloud-based services, coupled with the increasing penetration of hybrid cloud in the region.
The global distributed cloud market is further classified on the basis of region as follows:
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North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
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Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
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Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
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Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
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Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global distributed cloud market includes the following segments:
By Service Type
- Data Security
- Data Storage
- Networking
- Others
By Enterprise Size
- SMEs
- Large Enterprises
By End-User
- BFSI
- IT & Telecom
- Government
- Education
- Retail and e-Commerce
- Others
Growth Drivers
- Growing Adoption of Cloud Services
- Rising Penetration of Internet
Challenges
- Lack of Awareness amongst People
- Security and Privacy Issues
Top Featured Companies Dominating the Market
- Microsoft Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Verizon Communications Inc.
- IBM Corporation
- SAP SE
- Pivotal Software, Inc.
- DigitalOcean, Inc.
- Oracle Corporation
- VMware, Inc.
- Amazon Web Services, Inc.
- Axway Software
