Multi-cloud discovery market is anticipated to grow at a CAGR of 17.6% during the forecast period (2024-2031). Multi-cloud is a popular cloud implementation strategy consisting of two or more cloud platforms, public or private. It promises agility, interoperability, and flexibility between different cloud environments. The advancements in the field of containers and Kubernetes have helped to modernize legacy applications and increased the popularity of multi-cloud strategies.
SaaS market is anticipated to grow at a CAGR of 13.2% during the forecast period (2023-2030). The increasing prevalence of remote and mobile workforces has significantly impacted the demand for SaaS applications. As more businesses adopt flexible work arrangements and allow employees to work from anywhere, the need for cloud-based, accessible software has become paramount. SaaS applications, with their inherent cloud-based nature, offer several advantages that are particularly beneficial for a remote and mobile workforce.
Cloud accounting service market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as automation and streamlined processes, cost efficiency, data security and reliability. Cloud-based accounting platforms provide advanced analytics and reporting features, supporting companies to gain insightful information from their financial data.
MSP software market is anticipated to grow at a considerable CAGR of 12.3% during the forecast period. MSP software helps to deliver services in combination with different service providers. It offers various applications such as application, network, security, infrastructure, and other through on-going and continuous support along with the live administration on the customer’s premises.
Cloud project portfolio management market is anticipated to grow at a significant CAGR of 14.7% during the forecast period. High adoption of cloud project portfolio management among numerous end-user industries, along with the advent of technological advances such as the Internet of things (IoT), big data, and machine learning (ML), is projected to drive market growth. The companies are providing private, public, and hybrid-based cloud solutions to regulatory, and public bodies, further boosting the market growth.
The global online reading platform market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. One of the core factors that is fueling the market growth includes the high smartphone and tablet penetration across the globe. Over the past few years, the smartphone and tablet market witnessed exponential sales growth due to an easy excess of internet which enhanced the availability of e-books for most people to read any book, anywhere, anytime. Furthermore, the rise in the conversion of comic books to digital materials by major publishers such as DC, Marvel, and others is another factor that is allowing people to explore eReading.
The global SaaS-based expense management market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period. SaaS provides more benefits over traditional software licensing models since the company does not invest in new hardware. Additionally, it is suggested that SaaS is convenient to update, implement, and contains a variety of applications including auditing functions, email services, and customer relationship management (CRM). Expense management software as a service (SaaS) automates all aspects of expense management, including expense analysis, expense reporting, travel booking, employee reimbursement, and other.
The global cloud gaming market is anticipated to grow at a significant CAGR of 45.9% during the forecast period. The factor that drives the global cloud gaming market include the emergence of cloud gaming platforms that permit users to stream their favourite video games instead of downloading them on smartphones or any gaming consoles. The prominent players operating in global cloud gaming market are coming up with new platform launches. For instance, in November 2020, Ubitus Inc. introduced an Android gaming solution in collaboration with Intel Corporation.
The global cloud security posture management market is anticipated to grow at a significant CAGR of 14.6% during the forecast period. The major factor driving the growth of the global cloud security posture management market during the forecast is low visibility across the IT infrastructure as well as the increasing configuration errors in cloud infrastructure across the globe. Additionally, with the growing adoption of cloud solutions and services, the is an increasing risk of misconfigurations.
The global cloud-based simulation application market is expected to grow at a significant CAGR of 11.5% during the forecast period (2021-2027). The major factors contributing to the growth of the global cloud-based simulation application market include rising utilization of cloud-based simulation applications in various industry verticals due to its several benefits.
The global cloud-based language learning market is expected to grow at a significant CAGR of 7.98% during the forecast period (2021-2027). The major factors contributing to the growth of the global cloud-based language learning market include rising advancements and investments in cloud-based services and the growing demand for e-learning.
The global cloud computing data center IT Asset Disposition (ITAD) market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors contributing to the growth of the global cloud computing data center ITAD market include the rising demand for disposition of IT assets with the growing adoption of cloud services globally.
The global hybrid cloud market is anticipated to grow at a significant CAGR during the forecast period. A hybrid cloud is a cloud solution that combines both private and public clouds to serve different purposes within the same company.
The Global Cloud Computing Stack Layers Market is expected to grow at a significant CAGR during the forecast period. Cloud computing is a model for providing ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services), that can be quickly provisioned and released with little management effort or service provider interaction.
The Global Personal Cloud Market is estimated to grow at a significant CAGR during the forecast period. A personal cloud is a smaller version of public and private cloud storage. Personal cloud is simple to set up and significantly less expensive than the public and private cloud for companies.
The Global Cloud Service Mesh Market is expected to grow at a significant CAGR during the forecast period. A service mesh is a specialized infrastructure layer that manages network-based service-to-service communication. This approach allows different sections of an application to interact with one another.
The global price comparison website market is estimated to grow at a significant CAGR during the forecast period. Rising internet penetration is resulting in an increasing trend towards search engines., including price comparison websites, which led the consumers to look for products online that suits their requirements.
US cloud migration market is estimated to grow significantly during the forecast period. The major factor that propels the market growth in the country includes the presence of key market players such as IBM Corp., Oracle Corp., and many others coupled with the large number of enterprises operating in the country.
UK cloud migration market is estimated to grow significantly during the forecast period. Rising data security concerns coupled with the emergence of new regulations, such as GDPR and better IT infrastructure within the country are the major factors that contribute to the growth of the market.
North American cloud migration market is estimated to grow significantly during the forecast period. The market is mainly driven due to various factors including rising demand integration of cloud services in the country coupled with well-developed IT infrastructure.
European cloud migration market is estimated to grow significantly during the forecast period. The major factors responsible for the growth of the market in Europe include well-developed IT infrastructure, high internet penetration, and high adoption of cloud-based devices among organizations.
Asia-Pacific cloud migration market is estimated to grow significantly during the forecast period. The market is mainly driven due to growing enterprises coupled with the rise in cloud migration services in the region.
European EAM market is estimated to grow significantly at a CAGR of around 10.3% during the forecast period. The market in Europe is primarily driven by the growing application of EAM software in various verticals such as BFSI, energy & utility healthcare, government, IT & telecom and others.
The global market for cloud migration is projected to have considerable CAGR of 26.5% during the forecast period. The major factors that propels the cloud migration market include the growing adoption of cloud computing services, coupled with growing number of cloud migration services across the various industries such as BFSI, retail, IT & telecom.
The US cloud infrastructure services market is anticipated to grow at a CAGR 7.7 % during the forecast period. Growing trend of smart phones is estimated to be the major factors that are augmenting the growth of the market.
UK cloud infrastructure services market is anticipated to grow at a CAGR 10.8% during the forecast period. The well developed economy, established base of business customers who understand the cloud value proposition and the lack of infrastructural hurdles present in other countries such as low internet penetration and lack of awareness about the cloud computing solutions are estimated to be the major factors that are driving the growth of the market.
The North American cloud infrastructure services market is anticipated to grow at a CAGR 9.3 % during the forecast period. The factor such as well-developed infrastructure and presence of key market players such as Amazon Web Services, Google Inc., Microsoft are estimated to be the major factors that are backing the growth of the market.
The Japan cloud infrastructure services market is anticipated to grow at a CAGR 12.0% during the forecast period. Japan is one of the top markets for ICT and cloud infrastructure services.
The Indian cloud infrastructure services market is anticipated to grow at a CAGR 15.3% during the forecast period. India has huge potential for the growth of the cloud infrastructure services market. Verticals such as banking, education, healthcare, manufacturing, retail, and railway have started moving their on-premise applications to cloud based platforms to optimized reach and performance as well as scalability and elasticity
Germany cloud infrastructure services market is anticipated to grow at a CAGR 10.9% during the forecast period. Germany is one of the leading cloud market in Europe. Germany’s sophisticated economy is one of the major driver of advancing digitalization in all areas of personal life and business.
France cloud infrastructure services market is anticipated to grow at a CAGR 11.7% during the forecast period. Supportive government regulation and growth friendly environment are the major factors that are driving the growth of the market.
The European cloud infrastructure services market is anticipated to grow at a CAGR 10.9% during the forecast period. Europe also has huge potential for the growth of the cloud infrastructure services market. With an advanced economy and well established telecommunication infrastructure.
The China cloud infrastructure services market is anticipated to grow at a CAGR 10.4% during the forecast period. The factor such as the increasing number of smartphone users in China is one of the major factors that are driving the growth of the market.
Canada cloud infrastructure services market is anticipated to grow at a CAGR 12.3% during the forecast period. Canada also has huge potential for the growth of the market. Canada has one the highest internet penetration rates in the world with approximately 93% of its population having access to internet.
The Asia-Pacific cloud infrastructure services market is anticipated to grow at a CAGR 12.5% during the forecast period. The factor such as increasing internet penetration, growing adoption of cloud services among small and medium enterprises and government policies to promote digitalization and small city developments are the major factors that are augmenting the demand of the cloud infrastructure services in the Asia-pacific cloud infrastructure services market.
The cloud identity access management (IAM) Market is growing at a CAGR of 13.2% during the forecast period. The growth of the market is attributed to the various benefits offered by the cloud IAM services such as centralized security management and compliance management. Furthermore, increasing cyber-fraudulent activities and rising BYOD trends are also estimated to fuel the growth of the market across the globe. Cloud IAM is a solution that facilitates the management of digital or electronic identities across various business processes.
The global content delivery network market is anticipated to grow at a significant CAGR of 23.1% during the forecast period. A content delivery network is a distributed network of proxy servers that by routing content requests to the closest servers maximize bandwidth, and speed up page loads. The content delivery network offers a wide range of services such as video streaming, web and mobile content delivering, software downloads, transparent caching, load balancing, cloud intelligence, and many more. Web objects (text, graphics, and scripts), downloadable objects (media files, software, documents), applications (e-commerce, portals), real-time streaming data, on-demand streaming media, and social networks all use CDNs nowadays.
The global Web content management market is anticipated to grow at a significant CAGR of 21% during the forecast period. Web content management is software that provides administrative tools to manage web content efficiently. The different type of features of a web content management system includes easy content management, simplification of website maintenance, permission to have multiple users, and easy design change to the website interface. Productive content management for the organization and compatibility over different platforms create the need for a web content management system. The increasing demand for web content management and multi-channel experience of the consumer is boosting the web content management market. For instance, in January 2021, SAP and Microsoft expanded their partnership for integrating Microsoft Teams with SAP’s intelligent suite of solutions. Under the partnership, the companies aim at accelerating the adoption of SAP S/4HANA on Microsoft Azure.
The global application delivery controller market is projected to have a significant CAGR of over 6% during the forecast period. The market growth is attributed to the increasing internet penetration across the globe and technological advancement in application delivery controller technology. Application delivery controller is widely adopted in various industries for enhancing performance, resiliency, and security of the applications provided through web services.
The global cloud infrastructure services market is anticipated to grow at a significant CAGR of 10.7% during the forecast period. Cloud infrastructure services are a type of computing service in which the provider provides on-demand access to computer resources such as networking, storage, and servers. Clients run their platforms and apps on the providers' infrastructure. This creates a scalable hardware resource based on storage and processing requirements. The rapid adoption of geographically diverse cloud services and the growing need to automate operational processes tend to drive the global cloud infrastructure services market.
The web content management market is expected to grow at a CAGR of 21.01
% during 2017-2022. The software system, comprising a set of tools that
provide organizations with a way to manage digital information on
website is called Web content management (WCM).