Public Cloud Application Services Market: Competitive Analysis, Market Trends and Forecast to 2031

Market Overview and Report Coverage

Public Cloud Application Services refer to software applications that are hosted in the cloud and made accessible to users over the internet. These services allow organizations to access and use applications without the need for on-premises infrastructure or maintenance.

The future outlook for the Public Cloud Application Services Market looks promising, with a projected CAGR of % during the forecasted period. The increasing adoption of cloud computing and the growing demand for cost-effective and scalable solutions are driving the market growth.

The current market trends indicate a shift towards more advanced and specialized cloud applications, such as artificial intelligence, machine learning, and Internet of Things (IoT) applications. Organizations are increasingly turning to cloud-based solutions to improve efficiency, reduce costs, and enhance flexibility and scalability.

Overall, the market for Public Cloud Application Services is expected to continue to grow as more organizations recognize the benefits of cloud computing and adopt cloud-based applications to drive innovation and digital transformation.

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Market Segmentation

The Public Cloud Application Services Market Analysis by types is segmented into:

• Business Intelligence Application
• Customer Relationship Management
• Digital Content Application
• ERP Application
• Enterprise Content Management
• Supply Chain Management
• Others

Public Cloud Application Services refer to software applications deployed and accessed through the cloud. Some common types include Business Intelligence Applications for data analysis, Customer Relationship Management for managing interactions with customers, Digital Content Applications for creating and distributing content online, ERP Applications for managing business processes, Enterprise Content Management for organizing and storing content, Supply Chain Management for optimizing the flow of goods, and Others for various specialized applications. These services offer flexibility, scalability, and cost-efficiency for businesses.

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The Public Cloud Application Services Market Industry Research by Application is segmented into:

• BFSI
• Healthcare
• Telecommunication
• Media & Entertainment
• Manufacturing
• Transportation
• Others

The Public Cloud Application Services Market caters to various industries such as BFSI, Healthcare, Telecommunication, Media & Entertainment, Manufacturing, Transportation, and others. These services provide cloud-based solutions for managing applications and data, enabling organizations to streamline operations, enhance customer experiences, and improve efficiency. Industries like BFSI benefit from increased security and compliance, while Healthcare relies on cloud applications for managing patient data. Telecommunication and Media & Entertainment sectors leverage cloud services for content delivery and customer engagement, while Manufacturing and Transportation sectors utilize cloud applications for supply chain management and operational efficiency.

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In terms of Region, the Public Cloud Application Services Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Public Cloud Application Services market?

The global public cloud application services market is experiencing several emerging trends, including increasing adoption of multi-cloud strategies, rising demand for artificial intelligence and machine learning capabilities, and growing focus on cloud-native development. Current trends include the rise of serverless computing, the expansion of low-code/no-code platforms, and the integration of cloud services with edge computing to support IoT applications. Additionally, there is a growing emphasis on security and compliance in the cloud, with organizations prioritizing data protection and privacy in the wake of increased cyber threats and regulatory requirements.

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Major Market Players

The public cloud application services market is highly competitive with key players like Amazon Web Services Inc., Microsoft Corporation, and IBM Corporation dominating the industry.

Amazon Web Services Inc. is the market leader in the public cloud services market, with a market share of over 30%. Their revenue from cloud services reached $ billion in 2020, showing a significant growth trend. AWS offers a wide range of public cloud services including storage, computing, and networking services.

Microsoft Corporation is another major player in the market with its Azure cloud platform. Azure has been experiencing rapid growth, with revenue reaching $43.7 billion in 2020. Microsoft's strong presence in the enterprise market, along with its focus on AI and IoT, has helped propel its cloud services revenue.

IBM Corporation is also a key player in the public cloud application services market, offering a range of cloud services such as IBM Cloud Paks and IBM Cloud Object Storage. IBM's revenue from cloud services was $23.2 billion in 2020, showcasing its growth in this sector.

Overall, the public cloud application services market is expected to continue growing as more organizations shift towards cloud-based solutions for their business needs. Key trends in the market include the use of artificial intelligence and machine learning, hybrid cloud solutions, and increased focus on data security and compliance. The market size is expected to reach $781 billion by 2025, with companies like Amazon Web Services Inc., Microsoft Corporation, and IBM Corporation leading the way in terms of market share and revenue.

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