QY Report: In-Depth Analysis of Growth Forecast
According to a report by QY Research, the Global Cloud Computing market will explode in size by 2025. The report, outlined in Techno Biz News, projects the expansion of the market that is already dominated by most of the largest technology companies, including: Amazon Web Services (AWS), Microsoft, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Vmware, DELL, EMC and INSPUR.
The report’s scope includes:
* Fundamental data about the Cloud Computing market.
* Breaks down the market based on end-client ventures, applications and concentrations of business.
* Compiles variables from an array of sources, and are reviewed by business specialists.
* Outlines key elements of the business and their future
* Cloud Computing market report gives a surveyed prediction based on how the market is expected to grow
The report breaks down the competitive nature of the market, market shares, and its growth rates based on 5-year history data along with company profile of key players/manufacturers. As in most industry analyses, deals between distributors and buyers add perspective on supply and demand.
According to Forbes magazine, Amazon Web Services currently holds the largest market share, and its prospects are still tremendous considering its efforts to dominate in government contracts. Microsoft Azure adoption numbers have improved in the past year, but is still dwarfed by AWS.
Channel e2e reported the Synergy Research Group’s most recent findings on cloud computing market share, summarizing that, “Amazon Web Services (AWS) remains the global market share leader at 33 percent — followed by Microsoft Azure (13 percent) and Google Cloud Platform (6 percent).” When the leaders were broken down by the global market, Alibaba placed fourth, followed by IBM.
According to Gartner, Inc., 28 percent of spending in “enterprise IT” for large companies will shift to cloud computing by 2022, up from 19 percent in 2018.
“The shift of enterprise IT spending to new, cloud-based alternatives is relentless, although it’s occurring over the course of many years due to the nature of traditional enterprise IT,” said Michael Warrilow, research vice president at Gartner. “Cloud shift highlights the appeal of greater flexibility and agility, which is perceived as a benefit of on-demand capacity and pay-as-you-go pricing in cloud.”
The shift will impact more than $1.3 trillion in tech spending by 2022, Gartner reported.