Cloud services act as the storage or third party vendors where the data of organization is stored for various purposes. The stored data is then retrieved for analytical purposes.
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The Global Public Cloud domain denotes, the cloud services offered over a public network that can be accessed remotely. The biggest advantage of having the Global Public Cloud model is that organizations will have limited concerns regarding the storage and maintenance of data.
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Cost savings, rapid building, testing and lesser time-to-Industry the product has attracted a lot of businesses across various verticals to adopt the Global Public Cloud technology.
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Over the past decade, the software industry has witnessed massive changes. The deployment of cloud models by organizations being the foremost of them due to the stated advantages it offers.
Highly scalable nature of businesses prompt them to opt for cloud based services as the data at storage centers can be scaled up and down as per the user requirements. Additionally, the pricing structure followed by the Global Public Cloud vendor’s model is generally pay-as-per-use.
The organizations especially SME’s do not have to pay huge amounts in one go and thus makes it highly desirable for them to deploy Global Public Cloud model for their business operations. Core competency of businesses is maintained and hence allows them to stay competitive in this highly dynamic Industry.
Reduced operational costs and the plethora of solutions that are business specific offered from a single source are the primary drivers for the Global Public Cloud services Industry. Need for a scalable, flexible, easy and efficient IT infrastructure is also driving this Industry considerably.
Human errors are minimized as the operations are totally machine operated and eventually attracts the organizations to adopt the Global Public Cloud services. The above drivers are the reasons behind the exponential adoption of this Industry.
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In spite of being significantly adopted in developed countries of the world, the growth of Global Public Cloud services has experienced few constraints. Security concerns regarding the privacy of data has been the major restraining factor for this Industry.
The internet connectivity requirements for this cloud model is high and in countries with poor connectivity will impact the implementation of public cloud. Also, the integration of the model with the legacy systems has been a restraining factor.
The other restraints for this Industry include outages and data mobility.
North America leads the Global Public Cloud Industry due to remarkable technological advancements and socio economic development of the region.. Europe which is another major industrial hub has been contributing to the growth of Global Public Cloud Industry.
The NORDIC region in Europe with many small industries has largely contributed to the European Industry share for the Global Public Cloud Industry. Additionally, steadily catching up with these regions is the APAC region with developing countries like India and China gradually investing in Global Public Cloud technologies.
Segmentations Covered in the Public Cloud Market
- Types : Hardware, Software, Services
- Delivery Models : Software as a Service(SaaS), Platform as a Service(PaaS), Infrastructure as a Service(IaaS)
- Industry Verticals : BFSI, Telecommunications, Hospitality & Retail, Government, Manufacturing, Healthcare
- Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Public Cloud Market Report
- Microsoft Corporation
- Cisco Systems, Inc.
- Google, Inc.
- Oracle Corporation
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