The global distributed cloud market was valued at USD 3.36 billion in 2022, increasing at a CAGR of 18.89% from 2022 to 2030 and is anticipated to reach USD 13.41 billion by 2030. Asia-Pacific is expected to grow the fastest during the forecast period

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The distributed cloud industry was positively affected by the COVID-19 epidemic owing to the premature demand for cloud services to help digital solutions, particularly BFSI and remote manufacturing workers.

Market Introduction:

A distributed cloud is an architecture where numerous clouds are utilized to meet compliance requirements, performance needs, or support edge computing while centrally managed by the public cloud provider. A distributed cloud takes not only an application but the whole computing stack. It spreads it to the locations where it is required, whether public cloud providers, on-premises, or third-party colocation facilities. Distributed clouds can become a content delivery network, improving the streaming experience or reducing web page load time latency, giving many applications the best possible user experience. Adopting a distributed cloud approach enhances visibility into a multi-cloud and hybrid deployment, including the capability to manage all the infrastructure as a single cloud from a single console with a single set of instruments. Securing a distributed cloud introduces new challenges for cloud providers & end users, as resources can be scattered across the world and can be collocated with other enterprise servers & storage resources. Distributed cloud infrastructure makes it much more comfortable for an association to process PI in each user's nation of residence. A distributed cloud has a higher deployment cost than a single system. It implicates a raised price of processing overhead.

Recent Development
For example, in June 2022, YesAsia Holdings Ltd. selected Oracle Fusion Cloud Customer Experience to automate its marketing platform with reliable and flexible AI-driven technology solutions.

For example, in November 2021, Infosys Finacle, part of EdgeVerve Systems, a fully-owned subsidiary of IBM and Infosys, announced that the Finacle Digital Banking Solution Suite would be available on IBM Cloud and Red Hat OpenShift for financial services. This collaboration will permit banks to scale company transformation, become additional agile, and power their expansion with an on-demand portfolio of services & products. It will also assist banks in achieving seamless ecosystem connectivity, provide a world-class banking experience for their consumers, and allow them to meet needed compliance & security requirements.

Market Dynamics:
Drivers:

Growth in the internet of things (IoT): The growing reach and adoption of IoT globally is the driving factor of the market growth. Further, the internet of things plays a vital role in building smart communication environments like smart healthcare, smart transportation, smart shopping, and smart homes are driving factors of the market growth. In addition, the ever-increasing investment by the different industrial vital participants to expand the horizons of distributed cloud systems is driving the market growth. Moreover, the rise in the customers' disposable income, the increasing adoption of IIoT, and the requirement to manage the rising volume of data created by IIoT deployments are also driving the market growth during the forecast period. In addition, loT is a method of interconnected and interrelated computing appliances, digital & mechanical machines, individuals, and objects with unique identifiers while also having the ability to share information or data over a web without any interaction between human-to-computer or human-to-human. This factor is also helping to drive the market growth during the forecast period.

Restraints:

The high initial setup and maintenance cost: The increased initial investment required to set up distributed cloud infrastructure can hinder the market growth. The maintenance of such complex technology is expensive, time-consuming, and requires a skilled labor force. Further, implementing and designing distributed cloud architecture is complicated due to the unique architecture of each cloud service provider, like Azure, Google, and AWS, as well as a particular requirement for an institution's private cloud deployments and edge computing architectures. Therefore, IT institutions must incorporate the capabilities of IaaS to supply security, visibility, and control of dedicated network security and support.

Opportunities:

The growing adoption of cloud services: The rapid implementation of cloud technologies for multiple applications, new product launches, and the government's increasing interest in executing and promoting cloud technologies are market growth opportunities. In addition, the ever-increasing volume of data generated by websites & mobile apps, the growing focus on delivering customer-centric applications to drive consumer satisfaction, and the increasing need to control and reduce Operational Expenditure (OPEX) and Capital Expenditure (CAPEX). These factors are also helping to propel the market growth.

Challenges:

Lack of skilled professionals: The lack of experienced professionals in new areas of cloud computing and big data is a challenge for market growth. Most of the experienced labor force are residents or expatriates of other regions, which increases the overall price of employing the technology. This is also a challenging factor for market growth.

Segmentation analysis:
Regional segmentation analysis:

The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest market for the global distributed cloud market, with a 44.32% share of the market revenue in 2022. North America dominates the distributed cloud market due to the high demand for cloud services across different industry verticals. Moreover, the presence of many enterprises, data security, data back-up, data recovery, and advanced technologies like IoT, machine learning, big data, and cloud computing are helping to propel the market growth. Also, the high cloud enablement activities and trends in cloud marketplaces, the presence of significant market participants in the country, and the strong emphasis on various governments are boosting to drive the market growth in this region. The Asia Pacific is expected to grow the fastest during the forecast period due to the rising levels of urbanization. Further, the expanding number of tech giants in developing countries and the increasing IT industry are also helping to drive market growth in this region. In addition, the strong technical expertise & bigger IT budgets, the growing amount of business processes, and the ever-increasing disposable income of the customers are propelling the market growth in this region during the forecast period.

Application segment analysis

The application segment is divided into intelligent transportation, edge computing, content delivery, and others. The edge computing segment dominated, with a market share of around 31.11% in 2022. This growth is attributed to the increasing adoption of IoT across industries. Further, edge computing is closely associated with the concepts of fog computing and cloud computing. Edge also incorporates software and hardware solutions and networking architecture to cover different use cases in multiple businesses. Further, by 2030, the intelligent transportation segment will likely dominate the market due to the adoption of distributed cloud for faster data insights and integration of automation technologies to improve the customer experience.

Type segment analysis

The type segment is divided into volunteer cloud computing and public-resource computing. In 2022, the public-resource computing segment dominated the market with the largest market share of 57.18% and market revenue of 1.92 billion. This growth is attributed to the advances in public-resource computing for better interconnection and smooth workflows in machine learning (ML), artificial intelligence (AI), and Analytics.

Enterprise Size segment analysis

The enterprise size segment is divided into SMEs and large enterprises. In 2022, the large enterprise segment dominated the market with the largest market share of 56.15% and market revenue of 1.88 billion. This growth is attributed to the growing adoption of distributed cloud technology by different companies in BFSI and IT & Telecom for the smooth operation of multiple clouds.

Industry Vertical segment analysis

The industry vertical segment is divided into government & defense, BFSI, healthcare, media & entertainment, retail & e-commerce, manufacturing, energy & utilities, IT & telecom, and others. In 2022, the BFSI segment dominated the market, accounting for around 19.21% of global revenue. This growth is attributed to the increasing adoption of cloud services for the storage & management of consumer data.

Some of the Key Market Players:
Microsoft
IBM
Google
Alibaba Cloud
AWS
Teradata
VMware
Commvault
Oracle
Cohesity
F5
Wind River Systems
Cubbit
Commvault
PhoenixNAP
Panzura
Pluribus Networks
SCC
Zededa
Hazelcast
Anyscale
Platform9

Report Description:

Attribute Description
Market Size Revenue (USD Billion), Volume (Kg)
Market size value in 2022 USD 38.21 Billion, Volume (Units)
Market size value in 2030 USD 68.65 Billion, Volume (Units)
CAGR (2022 to 2030) 7.60%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments Key Segments are application, product, end-user, and regions
Regional Segments The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa.

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