Public Cloud Application Services Market to Surpass US$ 130 Bn in Revenues by 2022


Published on : Dec 13, 2017

Albany, New York, December 13, 2017: According to a latest study based on public cloud application services titled “Public Cloud Application Services Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)”, the global market for public cloud application services is estimated to generate a value of nearly US$ 130,550 Mn by the end of 2022. The report further says that the public cloud application services market is expected to exhibit a robust CAGR during the assessment period from 2017 to 2022.  

While discussing market dynamics of global public cloud application services market, the report discusses that the facilities and ease of operations in adoption of cloud computing is one of the major factors behind growth of the market. The report shares advantages of public cloud application services such as fastest access to computer related novel resources, scalable as per the demand for services, cost savings as companies don’t have to opt for excess capacity are just to mention a few.

The insightful report begins with an executive summary focusing on providing key information such as market share. The next section of market overview comprises on basic information and includes introduction to the market in terms of market definition and market taxonomy. This section also provides details on market size from 2012 to 2016 and market forecast from 2017 to 2022 along with year-on-year growth.

For in-depth analysis, the report segments the global public cloud application services market and shares analysis by large enterprise, vertical, enterprise and region. The large enterprise segment is further sub-segmented into business intelligence application, customer relationship management, digital content application, ERP application, enterprise content management, office suites, project management, supply chain management, social software suites and enterprise software. According to the report, the business intelligence segment is estimated to generate a value of US$ 6,730 Mn by the end of 2022.

The next segment vertical is divided into government, BFSI, healthcare, telecommunication, media & entertainment, energy & utilities, retail or wholesale, manufacturing, transportation and others. As per the report, the government segment is estimated to exhibit a CAGR of 19.4% during the forecast period. The enterprise segment is categorized into large enterprise and small enterprise. The market is divided regionally into key regions which are North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan, Middle East and Africa. According to the report, North America region is expected to lead the global public cloud application services market in value.

Apart from above, the readers will find details on competition landscape along with profile of some of the major companies operating in the global market of public cloud application services market.

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