Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Public Cloud Service Market - Predicted to Expand at a CAGR of 19.7% during Forecast 2018 – 2022". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Public Cloud Service. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
The global public cloud services market is expected to witness a robust growth attributed to surge in need for enhanced patient care in the healthcare industry. In addition, growing demand for electronic products with extensive features is expected to impact growth of the global market of public cloud services market positively during the predicted period. Moreover, increasing demand for enhanced patient care systems is expected to rev up demand for the public cloud services in the healthcare industry. Apart from the healthcare industry, public cloud services is further expected to witness significant demand for in the agricultural industry attributed to increasing need for managing, storing and processing data related to agriculture. Further, with public cloud services the farmers can conveniently access information provided by the precision agriculture controller in order to limit the adverse impacts on the environment and slash the prices.
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This report offers insights on factors that are contributing towards growth of the global public cloud services market significantly along with various trends that are predicted to impact the current and future dynamics. The global public cloud services market is expected to be segmented on the basis of type, vertical, enterprise type, and region.
The report offers insights on various types of cloud services that are expected to impact growth of the global public cloud services market. Increasing developments in technology has led various commercial companies to connect with the customers through the e-commerce platforms and big data. Attributed to such technological developments including e-commerce and big data, various advertising companies are increasingly adopting cloud-based services that enable the companies to control the prices related to the offered services. In terms of revenue, the cloud advertising segment is expected to witness a relatively high growth, accounting for more than US$ 24,000 Mn in the global market. Compared to other type segments, the cloud enterprise type segment is expected to reflect a relatively high CAGR in the global market.
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In the next section, the report offers insights on various verticals that are contributing towards growth of the global cloud service market. Increasing need for faster transaction process, and banking services in various financial institutions has led to surge in demand for cloud-based services. Through this platform, the customers can complete various transactions and other banking procedures conveniently. The BFSI segment is expected to witness the highest revenue growth in the global market, accounting for more than US$ 45,000 Mn. Moreover, surge in demand for enhanced patient care system is expected to rev up demand for public cloud services. Adoption of cloud-based services in the healthcare industry will enable the patients to receive fast treatment, and extend access to the treatment related data. The healthcare segment is expected to reflect the highest CARG in the global market.
In the final section, the report offers insights on various types of enterprises that are expected to impact growth of the global public cloud services market positively. Demand for public cloud services among the large enterprises is expected to remain high. The large enterprise segment is expected to witness the highest revenue growth, accounting for more than US$ 47,000 Mn in the global market. However, the small enterprise segment is expected to register a relatively high CAGR in the global market.
Key players in the global public cloud services market are International Business, Alphabet Inc., Microsoft Corp, Amazon Web Services Inc., Oracle Corp., CenturyLink, Inc., Adobe Systems Inc., salesforce.com Inc., VMware Inc., and Red Hat Inc.
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