Global Cloud Services Market Research Report 2023

Cloud services are infrastructure, platforms, or software that are hosted by third-party providers and made available to users through the internet. Cloud services facilitate the flow of user data from front-end clients (e.g. users’ servers, tablets, desktops, laptops—anything on the users’ ends), through the internet, to the provider’s systems, and back. Users can access cloud services with nothing more than a computer, operating system, and internet connectivity or virtual private network (VPN). All infrastructure, platforms, software, or technologies that users access through the internet without requiring additional software downloads can be considered cloud computing services. The Cloud Services industry can be broken down into several segments, SaaS, IaaS, PaaS, etc.

The global Cloud Services market was valued at US$ 430970 million in 2022 and is anticipated to reach US$ 780300 million by 2029, witnessing a CAGR of 10.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The main Cloud Services players include Microsoft, Amazon Web Services, Oracle, etc. The top three Cloud Services players account for approximately 37% of the total global market. North America is the largest consumer market for Cloud Services, accounting for about 54%, followed by Asia-Pacific and Europe. In terms of Service Model, SaaS is the largest segment, with a share about 34%. And in terms of Application, the largest application is Banking, Financial Services, and Insurance (BFSI), followed by Telecommunications.

This report aims to provide a comprehensive presentation of the global market for Cloud Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud Services.

The Cloud Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Cloud Services market comprehensively. Regional market sizes, concerning products by service model, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Cloud Services companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by service model, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Service Model

1.2.1 Global Cloud Services Market Size Growth Rate by Service Model: 2018 VS 2022 VS 2029

1.2.2 SaaS

1.2.3 IaaS

1.2.4 PaaS

1.2.5 BPaaS

1.2.6 DaaS

1.2.7 Cloud Managed Services

1.2.8 Cloud Professional Services

1.3 Market by Application

1.3.1 Global Cloud Services Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 BFSI

1.3.3 Telecommunications

1.3.4 IT and ITeS

1.3.5 Government and Public Sector

1.3.6 Retail and Consumer Goods

1.3.7 Manufacturing

1.3.8 Energy and Utilities

1.3.9 Media and Entertainment

1.3.10 Healthcare and Life Sciences

1.3.11 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Cloud Services Market Perspective (2018-2029)

2.2 Cloud Services Growth Trends by Region

2.2.1 Global Cloud Services Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Cloud Services Historic Market Size by Region (2018-2023)

2.2.3 Cloud Services Forecasted Market Size by Region (2024-2029)

2.3 Cloud Services Market Dynamics

2.3.1 Cloud Services Industry Trends

2.3.2 Cloud Services Market Drivers

2.3.3 Cloud Services Market Challenges

2.3.4 Cloud Services Market Restraints

3.1 Global Top Cloud Services Players by Revenue

3.1.1 Global Top Cloud Services Players by Revenue (2018-2023)

3.1.2 Global Cloud Services Revenue Market Share by Players (2018-2023)

3.2 Global Cloud Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Cloud Services Revenue

3.4 Global Cloud Services Market Concentration Ratio

3.4.1 Global Cloud Services Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Cloud Services Revenue in 2022

3.5 Cloud Services Key Players Head office and Area Served

3.6 Key Players Cloud Services Product Solution and Service

3.7 Date of Enter into Cloud Services Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Cloud Services Historic Market Size by Service Model (2018-2023)

4.2 Global Cloud Services Forecasted Market Size by Service Model (2024-2029)

5.1 Global Cloud Services Historic Market Size by Application (2018-2023)

5.2 Global Cloud Services Forecasted Market Size by Application (2024-2029)

6.1 North America Cloud Services Market Size (2018-2029)

6.2 North America Cloud Services Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Cloud Services Market Size by Country (2018-2023)

6.4 North America Cloud Services Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Cloud Services Market Size (2018-2029)

7.2 Europe Cloud Services Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Cloud Services Market Size by Country (2018-2023)

7.4 Europe Cloud Services Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Cloud Services Market Size (2018-2029)

8.2 Asia-Pacific Cloud Services Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Cloud Services Market Size by Region (2018-2023)

8.4 Asia-Pacific Cloud Services Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Cloud Services Market Size (2018-2029)

9.2 Latin America Cloud Services Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Cloud Services Market Size by Country (2018-2023)

9.4 Latin America Cloud Services Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Cloud Services Market Size (2018-2029)

10.2 Middle East & Africa Cloud Services Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Cloud Services Market Size by Country (2018-2023)

10.4 Middle East & Africa Cloud Services Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Microsoft

11.1.1 Microsoft Company Detail

11.1.2 Microsoft Business Overview

11.1.3 Microsoft Cloud Services Introduction

11.1.4 Microsoft Revenue in Cloud Services Business (2018-2023)

11.1.5 Microsoft Recent Development

11.2 Amazon Web Services

11.2.1 Amazon Web Services Company Detail

11.2.2 Amazon Web Services Business Overview

11.2.3 Amazon Web Services Cloud Services Introduction

11.2.4 Amazon Web Services Revenue in Cloud Services Business (2018-2023)

11.2.5 Amazon Web Services Recent Development

11.3 Oracle

11.3.1 Oracle Company Detail

11.3.2 Oracle Business Overview

11.3.3 Oracle Cloud Services Introduction

11.3.4 Oracle Revenue in Cloud Services Business (2018-2023)

11.3.5 Oracle Recent Development

11.4 IBM

11.4.1 IBM Company Detail

11.4.2 IBM Business Overview

11.4.3 IBM Cloud Services Introduction

11.4.4 IBM Revenue in Cloud Services Business (2018-2023)

11.4.5 IBM Recent Development

11.5 Salesforce

11.5.1 Salesforce Company Detail

11.5.2 Salesforce Business Overview

11.5.3 Salesforce Cloud Services Introduction

11.5.4 Salesforce Revenue in Cloud Services Business (2018-2023)

11.5.5 Salesforce Recent Development

11.6 Google

11.6.1 Google Company Detail

11.6.2 Google Business Overview

11.6.3 Google Cloud Services Introduction

11.6.4 Google Revenue in Cloud Services Business (2018-2023)

11.6.5 Google Recent Development

11.7 Adobe

11.7.1 Adobe Company Detail

11.7.2 Adobe Business Overview

11.7.3 Adobe Cloud Services Introduction

11.7.4 Adobe Revenue in Cloud Services Business (2018-2023)

11.7.5 Adobe Recent Development

11.8 Vmware

11.8.1 Vmware Company Detail

11.8.2 Vmware Business Overview

11.8.3 Vmware Cloud Services Introduction

11.8.4 Vmware Revenue in Cloud Services Business (2018-2023)

11.8.5 Vmware Recent Development

11.9 SAP

11.9.1 SAP Company Detail

11.9.2 SAP Business Overview

11.9.3 SAP Cloud Services Introduction

11.9.4 SAP Revenue in Cloud Services Business (2018-2023)

11.9.5 SAP Recent Development

11.10 Accenture

11.10.1 Accenture Company Detail

11.10.2 Accenture Business Overview

11.10.3 Accenture Cloud Services Introduction

11.10.4 Accenture Revenue in Cloud Services Business (2018-2023)

11.10.5 Accenture Recent Development

11.11 Alibaba

11.11.1 Alibaba Company Detail

11.11.2 Alibaba Business Overview

11.11.3 Alibaba Cloud Services Introduction

11.11.4 Alibaba Revenue in Cloud Services Business (2018-2023)

11.11.5 Alibaba Recent Development

11.12 ServiceNow

11.12.1 ServiceNow Company Detail

11.12.2 ServiceNow Business Overview

11.12.3 ServiceNow Cloud Services Introduction

11.12.4 ServiceNow Revenue in Cloud Services Business (2018-2023)

11.12.5 ServiceNow Recent Development

11.13 Workday

11.13.1 Workday Company Detail

11.13.2 Workday Business Overview

11.13.3 Workday Cloud Services Introduction

11.13.4 Workday Revenue in Cloud Services Business (2018-2023)

11.13.5 Workday Recent Development

11.14 Wipro

11.14.1 Wipro Company Detail

11.14.2 Wipro Business Overview

11.14.3 Wipro Cloud Services Introduction

11.14.4 Wipro Revenue in Cloud Services Business (2018-2023)

11.14.5 Wipro Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Cloud Services Market Size Growth Rate by Service Model (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of SaaS

    Table 3. Key Players of IaaS

    Table 4. Key Players of PaaS

    Table 5. Key Players of BPaaS

    Table 6. Key Players of DaaS

    Table 7. Key Players of Cloud Managed Services

    Table 8. Key Players of Cloud Professional Services

    Table 9. Global Cloud Services Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 10. Global Cloud Services Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 11. Global Cloud Services Market Size by Region (2018-2023) & (US$ Million)

    Table 12. Global Cloud Services Market Share by Region (2018-2023)

    Table 13. Global Cloud Services Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 14. Global Cloud Services Market Share by Region (2024-2029)

    Table 15. Cloud Services Market Trends

    Table 16. Cloud Services Market Drivers

    Table 17. Cloud Services Market Challenges

    Table 18. Cloud Services Market Restraints

    Table 19. Global Cloud Services Revenue by Players (2018-2023) & (US$ Million)

    Table 20. Global Cloud Services Market Share by Players (2018-2023)

    Table 21. Global Top Cloud Services Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cloud Services as of 2022)

    Table 22. Ranking of Global Top Cloud Services Companies by Revenue (US$ Million) in 2022

    Table 23. Global 5 Largest Players Market Share by Cloud Services Revenue (CR5 and HHI) & (2018-2023)

    Table 24. Key Players Headquarters and Area Served

    Table 25. Key Players Cloud Services Product Solution and Service

    Table 26. Date of Enter into Cloud Services Market

    Table 27. Mergers & Acquisitions, Expansion Plans

    Table 28. Global Cloud Services Market Size by Service Model (2018-2023) & (US$ Million)

    Table 29. Global Cloud Services Revenue Market Share by Service Model (2018-2023)

    Table 30. Global Cloud Services Forecasted Market Size by Service Model (2024-2029) & (US$ Million)

    Table 31. Global Cloud Services Revenue Market Share by Service Model (2024-2029)

    Table 32. Global Cloud Services Market Size by Application (2018-2023) & (US$ Million)

    Table 33. Global Cloud Services Revenue Market Share by Application (2018-2023)

    Table 34. Global Cloud Services Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 35. Global Cloud Services Revenue Market Share by Application (2024-2029)

    Table 36. North America Cloud Services Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 37. North America Cloud Services Market Size by Country (2018-2023) & (US$ Million)

    Table 38. North America Cloud Services Market Size by Country (2024-2029) & (US$ Million)

    Table 39. Europe Cloud Services Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 40. Europe Cloud Services Market Size by Country (2018-2023) & (US$ Million)

    Table 41. Europe Cloud Services Market Size by Country (2024-2029) & (US$ Million)

    Table 42. Asia-Pacific Cloud Services Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 43. Asia-Pacific Cloud Services Market Size by Region (2018-2023) & (US$ Million)

    Table 44. Asia-Pacific Cloud Services Market Size by Region (2024-2029) & (US$ Million)

    Table 45. Latin America Cloud Services Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 46. Latin America Cloud Services Market Size by Country (2018-2023) & (US$ Million)

    Table 47. Latin America Cloud Services Market Size by Country (2024-2029) & (US$ Million)

    Table 48. Middle East & Africa Cloud Services Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 49. Middle East & Africa Cloud Services Market Size by Country (2018-2023) & (US$ Million)

    Table 50. Middle East & Africa Cloud Services Market Size by Country (2024-2029) & (US$ Million)

    Table 51. Microsoft Company Detail

    Table 52. Microsoft Business Overview

    Table 53. Microsoft Cloud Services Product

    Table 54. Microsoft Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 55. Microsoft Recent Development

    Table 56. Amazon Web Services Company Detail

    Table 57. Amazon Web Services Business Overview

    Table 58. Amazon Web Services Cloud Services Product

    Table 59. Amazon Web Services Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 60. Amazon Web Services Recent Development

    Table 61. Oracle Company Detail

    Table 62. Oracle Business Overview

    Table 63. Oracle Cloud Services Product

    Table 64. Oracle Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 65. Oracle Recent Development

    Table 66. IBM Company Detail

    Table 67. IBM Business Overview

    Table 68. IBM Cloud Services Product

    Table 69. IBM Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 70. IBM Recent Development

    Table 71. Salesforce Company Detail

    Table 72. Salesforce Business Overview

    Table 73. Salesforce Cloud Services Product

    Table 74. Salesforce Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 75. Salesforce Recent Development

    Table 76. Google Company Detail

    Table 77. Google Business Overview

    Table 78. Google Cloud Services Product

    Table 79. Google Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 80. Google Recent Development

    Table 81. Adobe Company Detail

    Table 82. Adobe Business Overview

    Table 83. Adobe Cloud Services Product

    Table 84. Adobe Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 85. Adobe Recent Development

    Table 86. Vmware Company Detail

    Table 87. Vmware Business Overview

    Table 88. Vmware Cloud Services Product

    Table 89. Vmware Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 90. Vmware Recent Development

    Table 91. SAP Company Detail

    Table 92. SAP Business Overview

    Table 93. SAP Cloud Services Product

    Table 94. SAP Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 95. SAP Recent Development

    Table 96. Accenture Company Detail

    Table 97. Accenture Business Overview

    Table 98. Accenture Cloud Services Product

    Table 99. Accenture Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 100. Accenture Recent Development

    Table 101. Alibaba Company Detail

    Table 102. Alibaba Business Overview

    Table 103. Alibaba Cloud Services Product

    Table 104. Alibaba Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 105. Alibaba Recent Development

    Table 106. ServiceNow Company Detail

    Table 107. ServiceNow Business Overview

    Table 108. ServiceNow Cloud Services Product

    Table 109. ServiceNow Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 110. ServiceNow Recent Development

    Table 111. Workday Company Detail

    Table 112. Workday Business Overview

    Table 113. Workday Cloud Services Product

    Table 114. Workday Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 115. Workday Recent Development

    Table 116. Wipro Company Detail

    Table 117. Wipro Business Overview

    Table 118. Wipro Cloud Services Product

    Table 119. Wipro Revenue in Cloud Services Business (2018-2023) & (US$ Million)

    Table 120. Wipro Recent Development

    Table 121. Research Programs/Design for This Report

    Table 122. Key Data Information from Secondary Sources

    Table 123. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Cloud Services Market Size Comparison by Service Model (2023-2029) & (US$ Million)

    Figure 2. Global Cloud Services Market Share by Service Model: 2022 VS 2029

    Figure 3. SaaS Features

    Figure 4. IaaS Features

    Figure 5. PaaS Features

    Figure 6. BPaaS Features

    Figure 7. DaaS Features

    Figure 8. Cloud Managed Services Features

    Figure 9. Cloud Professional Services Features

    Figure 10. Global Cloud Services Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 11. Global Cloud Services Market Share by Application: 2022 VS 2029

    Figure 12. BFSI Case Studies

    Figure 13. Telecommunications Case Studies

    Figure 14. IT and ITeS Case Studies

    Figure 15. Government and Public Sector Case Studies

    Figure 16. Retail and Consumer Goods Case Studies

    Figure 17. Manufacturing Case Studies

    Figure 18. Energy and Utilities Case Studies

    Figure 19. Media and Entertainment Case Studies

    Figure 20. Healthcare and Life Sciences Case Studies

    Figure 21. Others Case Studies

    Figure 22. Cloud Services Report Years Considered

    Figure 23. Global Cloud Services Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 24. Global Cloud Services Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 25. Global Cloud Services Market Share by Region: 2022 VS 2029

    Figure 26. Global Cloud Services Market Share by Players in 2022

    Figure 27. Global Top Cloud Services Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cloud Services as of 2022)

    Figure 28. The Top 10 and 5 Players Market Share by Cloud Services Revenue in 2022

    Figure 29. North America Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. North America Cloud Services Market Share by Country (2018-2029)

    Figure 31. United States Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Canada Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Europe Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Europe Cloud Services Market Share by Country (2018-2029)

    Figure 35. Germany Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. France Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. U.K. Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Italy Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Russia Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Nordic Countries Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Asia-Pacific Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Asia-Pacific Cloud Services Market Share by Region (2018-2029)

    Figure 43. China Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Japan Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. South Korea Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Southeast Asia Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 47. India Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 48. Australia Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 49. Latin America Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 50. Latin America Cloud Services Market Share by Country (2018-2029)

    Figure 51. Mexico Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 52. Brazil Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 53. Middle East & Africa Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 54. Middle East & Africa Cloud Services Market Share by Country (2018-2029)

    Figure 55. Turkey Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 56. Saudi Arabia Cloud Services Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 57. Microsoft Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 58. Amazon Web Services Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 59. Oracle Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 60. IBM Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 61. Salesforce Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 62. Google Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 63. Adobe Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 64. Vmware Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 65. SAP Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 66. Accenture Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 67. Alibaba Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 68. ServiceNow Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 69. Workday Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 70. Wipro Revenue Growth Rate in Cloud Services Business (2018-2023)

    Figure 71. Bottom-up and Top-down Approaches for This Report

    Figure 72. Data Triangulation

    Figure 73. Key Executives Interviewed