How big is the Public Cloud Market?

The Public Cloud Market size is expected to reach USD 0.60 billion in 2024 and grow at a CAGR of 16.30% to reach USD 1.28 billion by 2029. Read More

What is the current Public Cloud Market size?

In 2024, the Public Cloud Market size is expected to reach USD 0.60 billion. Read More

Who are the key players in Public Cloud Market?

Amazon Web Services Inc. (AMAZON.COM, Inc.), Alibaba Cloud (Alibaba Group Holding Limited), Google LLC (Alphabet Inc.), Microsoft Corporation and Oracle Corporation are the major companies operating in the Public Cloud Market. Read More

Which is the fastest growing region in Public Cloud Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Public Cloud Market?

In 2024, the North America accounts for the largest market share in Public Cloud Market. Read More

What years does this Public Cloud Market cover, and what was the market size in 2023?

In 2023, the Public Cloud Market size was estimated at USD 0.50 billion. The report covers the Public Cloud Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Public Cloud Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Public Cloud Market Share

Statistics for the 2023 & 2024 Public Cloud market share, created by Mordor Intelligence™ Industry Reports. Public Cloud share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Public Cloud Industry

The Global Public Cloud market is moderately consolidated with the presence of several players like Amazon Web Services Inc.(AMAZON.COM, Inc.), Alibaba Cloud (Alibaba Group Holding Limited), Google LLC (Alphabet Inc.), Microsoft Corporation, Oracle Corporation, SAP SE, etc. The companies continuously invest in strategic partnerships and product developments to gain substantial market share. Some of the recent developments in the market are:

In April 2023, VMware, Inc. announced VMware Cross-Cloud managed services, a set of prescriptive recommendations with improved partner and consumer benefits that will enable highly skilled members to grow their managed services practices. Building on VMware's conquest in creating an ecosystem of more than 4,000 cloud service players that serve tens of thousands of clients worldwide, VMware Cross-Cloud managed services will make facility-managed services faster for partners and easier to consume by clients. This will enhance partner profitability while opening new possibilities for growth and expansion.

In October 2022, Google Cloud announced that Wayfair, one of the world's most prominent online destinations for the home, has completed migrating its data center services and applications to the cloud, with Google Cloud as the basis of its overall cloud strategy. The move enables the retailer to increase enterprise agility and technical innovation, manage burst capacity, and scale new uses of machine learning (ML) and artificial intelligence (AI) for scenarios ranging from fraud detection to personalized customer outreach.