DailyPRNews:Cloud Services Market Is Estimated to Reach $555 Billion, Globally, by 2020


Strong growth is anticipated within the varied segments of cloud services market such as infrastructure as a service (IaaS), software as a service (SaaS), platform as a service (PaaS), business process as a service (BPaaS), cloud advertisement services, and cloud management & security services. Cloud advertising services will be the largest segment followed BPaaS with about 47% and 28% market share respectively in 2013. The cloud management & security services will be the fastest growing segment at a CAGR of 28.4% during the forecast period.

Portland, OR — (Daily PR News) — 02/28/2018 — Cloud computing market surged during recent economic slowdown; with the fact that over 35% of the IT cost can be saved with the adoption of the technology. Since then cloud services segment has greatly emerged as companies in cash crunch required cost-effective solutions with minimum to zero investment and reduced management of IT resources.

Cloud Services Market Report published by Allied Market Research, forecasts that the global market is expected to garner $555 billion by 2020, registering a CAGR of 17.6% during the period 2014 – 2020. In 2014, the overall cloud services market revenue will reach $209.9 billion, led by public cloud services. The community cloud services segment is gaining momentum and is expected to garner revenue of $1 billion this year, thanks to its adoption in healthcare segment.

Access Full Summary @ https://www.alliedmarketresearch.com/cloud-services-market

The global cloud computing services market size is driven by many factors. The most important factor, which is driving the market, is the cost effectiveness. With the deployment of cloud computing services, organizations can save more than 35% of the annual operating costs. The other factor includes all the functional capabilities, which boost up the business performances of the organizations. In addition, substantial increase in the number of small and medium enterprises will eventually lead to the increased adoption of cloud services in such regions

Strong growth is anticipated within the varied segments of cloud services market such as infrastructure as a service (IaaS), software as a service (SaaS), platform as a service (PaaS), business process as a service (BPaaS), cloud advertisement services, and cloud management & security services. Cloud advertising services will be the largest segment followed BPaaS with about 47% and 28% market share respectively in 2013. The cloud management & security services will be the fastest growing segment at a CAGR of 28.4% during the forecast period.

Get PDF Brochure of this Report @ https://www.alliedmarketresearch.com/request-sample/393

Based on end users, cloud services market can be segmented into government utilities, private organizations, healthcare, academics & education and supply chain management. Private organizations lead the end user market due to the rapidly growing IT sector, which is contributing largely to the revenue streams of the private organizations segment. The segment is expected to grow at a CAGR of 24.1% during the forecast period and it is anticipated to register revenue of$86.8 billion by 2020. Cloud services promote sector-specific services, which are customized for specific end users. One such example is the implementation of ERP in the healthcare sector.

Geographically, market is segmented into North America, Europe, Asia Pacific, LAMEA.

The post Cloud Services Market Is Estimated to Reach $555 Billion, Globally, by 2020 appeared first on Daily Press Release News To Whole World.



from Daily Press Release News To Whole World https://www.dailyprnews.com/cloud-services-market-is-estimated-to-reach-555-billion-globally-by-2020/

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