Global Distributed Cloud Market Size By Type (Public-resource Computing, Volunteer Cloud Computing), By Application (Edge Computing, Content Delivery), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Government and Defense), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Distributed Cloud Market size was valued at USD 4.45 Billion in 2021 and is projected to reach USD 14.5 Billion by 2030, growing at a CAGR of 18.5% from 2023 to 2030.
The growing reach and adoption of IoT are expected to fuel the growth of the Distributed Cloud Market. The Global Distributed Cloud Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Distributed Cloud Market Definition
Distributed cloud is a cloud model that connects data and applications stored and managed in multiple locations to a centralized cloud platform. A distributed cloud is a cloud where processing, storage, and networking are in micro clouds, separate from the centralized cloud. In a distributed cloud system, the distributed cloud is closer to the end user. Organizations can reduce latency, network congestion, and the risk of data loss with a distributed cloud approach.
So, what's really driving the growth in this market? Well, for starters, we're seeing everyone glued to their phones thanks to mobile tech, and the pressure's on to get data back faster than ever. Plus, more and more stuff is going digital. All this means heavier workloads and more data to crunch, but thankfully, data recovery is getting better too!
And get thisthe fact that public clouds can now bounce over to better-distributed cloud computing setups with super secure connections? That's a huge boost. But, you know, security worries are always lurking and could slow things down.
On the bright side, more and more folks are jumping on the cloud bandwagon, there are shiny new products popping up all the time, and even the government's getting involved to push cloud adoption. All of that is expected to add fuel to the fire!
Global Distributed Cloud Market Overview
The Distributed Cloud Market is taking off, and it's largely thanks to the expanding world of IoT. Think about itwe're talking about a massive web of interconnected devices – everything from your fridge to industrial machinery – all communicating and sharing data without us constantly having to tell them what to do. These devices all have unique identifiers and talk over networks. Take, for instance, what Google did back in October 2021. They launched their Google Distributed Cloud, a whole set of hardware and software designed to push Google's cloud infrastructure further out, both to the edge and into on-premise data centers, essentially trying to give AWS Outpost a run for its money.
In addition, the Internet of Things has been rated as the main reason for the fourth industrial revolution. The higher adoption rate of this cutting-edge technology is expected to help the growth of the global market. Digitization is the process of converting data or information into a digital format using advanced technology. In the business sector, it plays a very important role due to the sharp increase in the demand of companies to provide extended customer services and increase customer security.
Additionally, SaaS also helps companies offer digital services to their customers and saves time on business operations, which drives market growth. Moreover, the growth of the market is driven by the growth in demand for digital transformation technologies in organizations and the increase in the dependence of various companies on SaaS solutions. Additionally, market players across the globe are adopting various advanced technologies such as blockchain technology, big data, and artificial intelligence to increase productivity with minimal resource usage. All these factors are driving the growth of the market.
Global Distributed Cloud MarketSegmentation Analysis
The Global Distributed Cloud Market is segmented on the basis of Type, Application, Enterprise Size, Industry Vertical, and Geography.
Distributed Cloud Market, By Type
Public-resource Computing
Volunteer Cloud Computing
Based on Type, the market is divided into Public-resource Computing and Volunteer Cloud Computing.
Distributed Cloud Market, By Application
Edge Computing
Content Delivery
Intelligent Transportation
Others
Based on Application, the market is divided into Edge Computing, Content Delivery, Intelligent Transportation, and Others.
Distributed Cloud Market, By Enterprise Size
Large Enterprises
SMEs
Based on Enterprise Size, the market is divided into Large Enterprises and SMEs.
Distributed Cloud Market, By Industry Vertical
BFSI
Government and Defense
Retail and E-commerce
Healthcare
IT and Telecom
Energy and Utilities
Sector
Energy
Utilities
Manufacturing
Media and Entertainment
Others
Based on Industry Vertical, the market is divided into BFSI, Government and Defense, Retail and E-commerce, Healthcare, IT and Telecom, Energy and Utilities, Sector, Energy, Utilities, Manufacturing, Media and Entertainment, and Others.
Distributed Cloud Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Looking at how the Global Distributed Cloud Market is doing around the globe, we've broken it down into regionsNorth America, Europe, Asia Pacific, and the rest of the world. Right now, North America is really leading the charge. Why? Well, lots of reasons! Digitization is booming, and industries like manufacturing, BFSI, and even governments are embracing distributed cloud solutions. Plus, all the big players are here, which means tons of opportunities. But get thisAsia Pacific is where we expect to see the biggest growth over the next few years. That's because tons of small and medium-sized businesses (SMEs) are using distributed cloud to save money, and countries like India and Singapore are seriously upgrading their digital infrastructure.
Key Players
The “Global Distributed Cloud Market” study report will offer useful information with a focus on the global market. The major players in the market are Alibaba Cloud, Amazon Web Services Inc., Axway, CloudSigma AG, Databricks, DigitalOcean, LLC, IBM CORPORATION, Liquid Web, LLC, MassiveGRID Inc., Microsoft Corporation.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning analysis of the aforementioned players globally are also included in the competitive landscape section.
Key Developments
YesAsia Holdings Ltd. In august 2022, selected Oracle Fusion Cloud Customer Experience to automate its marketing platform with reliable and flexible AI-driven technology solutions.
In November 2021, Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of IBM and Infosys, announced that Finacle Digital Banking Solution Suite will be available on IBM Cloud and Red Hat OpenShift for Financial Services. This collaboration will allow the banks to expand the company’s transformation, become more agile and strengthen their expansion with a portfolio of on-demand services and products. It will also help banks achieve seamless ecosystem connectivity, provide customers with a world-class banking experience and enable them to meet the necessary compliance and security requirements.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Distributed Cloud Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Distributed Cloud Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2018-2030
Base Year
2021
Forecast Period
2023-2030
Historical Period
2018-2020
Unit
Value (USD Billion)
Key Companies Profiled
Alibaba Cloud, Amazon Web Services Inc., Axway, CloudSigma AG, Databricks, DigitalOcean, LLC, IBM CORPORATION.
Segments Covered
By Type, By Application, By Enterprise Size, By Industry Vertical, and By Geography.
Customization Scope
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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