Press release
Public Cloud Application Services Market value surpassed at a CAGR of 23.7% during the forecast period
Public cloud computing utilizes cloud computing technologies to give services and support customers that are external to the service provider's organization. Such services are gained via the World Wide Web and are different from a private cloud where services are set up for only the internal use of any organization.There are many reasons why companies are now opting for a public cloud. Fastest access to novel resources related to computing is one of the main advantages of using a public cloud.
Public cloud services are also scalable, and it allows the companies to scale up their usage as the demand for services surges. A public cloud is a type of cloud computing service that provides resources such as virtual machines (VMs), applications or storage services available to the general public through the internet. Public cloud application services may be offered for free or on a pay-per-usage model.
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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global public cloud application services market through 2022, which include Amazon Web Services Inc., Alphabet, Inc., International Business Machines Corp., Microsoft Corporation, Oracle Corp., NetSuite, Inc., Salesforce.com, Inc., Adobe Systems, Inc., SAP SE and Cisco Systems, Inc.
The market for business intelligence applications is anticipated to reach over US$ 6,730 million in 2022.
Future Market Insights predicts that by 2022, the market for business intelligence applications would be worth close to US$ 6,730 Mn. During the assessment period of 2017-2022, this reflects a significant CAGR. By the end of 2022, it is anticipated that the business intelligence application category will have a smaller market share.
Government Segment to Show 19.4% CAGR Throughout the evaluation period
According to Future Market Insights' prediction, the government sector would reach a value of over US$ 15,500 Mn in 2022. This reflects a CAGR of 19.4% for the evaluation period from 2017 to 2019
Key Takeaways of Public Cloud Application Infrastructure Services Market Study
Among the application segment, the application infrastructure & middleware sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of digital business model, and modern application infrastructure to connect data, software, users, and hardware.
East Asia is expected to create lucrative growth opportunities for players in the public cloud application infrastructure services market, owing to the IT organizations are migrating their business-critical infrastructure to the cloud, and increased adoption of hybrid IT, in the countries of this region.
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Public Cloud Application Services Market: Segmentation
The global Public Cloud Application Services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Application
Business Intelligence Application
Customer Relationship Management
Digital Content Application
ERP Application
Enterprise Content Management
Office Suites
Project Management
Supply Chain Management
Social Software Suites
Application Software
By Enterprise
Large Enterprise
Small & Medium Enterprise
By Vertical
Government
BFSI
Healthcare
Telecommunication
Media & Entertainment
Energy & Utilities
Retail/ Wholesale
Manufacturing
Transportation
Others
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients
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