The rise in requirements for minimal data recovery, the increasing use of mobile technology and increasing digitization have fueled the growth of the global distributed cloud market.
PORTLAND, Ore., September 19, 2022 /PRNewswire/ — Allied Market Research recently published a report entitled “Distributed Cloud Market by Type (Public-Resource Computing, Volunteer Cloud Computing), by Application (Edge Computing, Content Delivery, Intelligent Transportation, Others), by Company Size (Enterprise, SMB), by Industry (BFSI, Government and Defense, Retail and E-Commerce, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, Media & Entertainment, Other): Global Opportunity Analysis and Industry Forecast, 2021-2031”. billed $2.3 billion in 2021 and is expected to be achieved 17 billion dollars to 2031 and growing at a CAGR of 22.4% from 2022 to 2031.
Main determinants of market growth
The rise in requirements for minimal data recovery, the increasing use of mobile technology and increasing digitization have fueled the growth of the global distributed cloud market. Moreover, advantages such as better data recovery, higher workload and data processing complemented the market growth. However, data security concerns are hampering the market growth. On the contrary, the adoption of cloud technology, increasing government involvement and the launch of new products would open up new opportunities in the future.
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- The distributed cloud market has been positively impacted by the Covid-19 pandemic due to the sudden demand for cloud services to support digital solutions and remote working, especially in BFSI and manufacturing.
- The entertainment platforms such as video streaming have also seen increased demand during the pandemic, driving demand for distributed cloud solutions.
Get a detailed COVID-19 Impact Analysis on the Distributed Cloud Market:
The public resource computing segment dominated the market
By type, the public resource computing segment held the largest share in 2021, accounting for more than three-fifths of the global distributed cloud market. Additionally, the segment is estimated to register the highest CAGR of 23.1% over the forecast period, reflecting advances in machine learning (ML), artificial intelligence (AI), and analytics in public resource computing for better connectivity and is due to a smooth flow of the workflow. The report provides an analysis of the voluntary cloud computing segment.
The intelligent transport segment is projected to represent the highest CAGR by 2031
Depending on the application, the intelligent transportation segment is expected to show the highest CAGR of 26.4% from 2022 to 2031, driven by the adoption of a distributed cloud for faster data insights and the integration of automation technologies to improve customer experience. However, the edge computing segment held the largest share in 2021, contributing to more than half of the global distributed cloud market as the number of intelligent applications adopting the distributed cloud increases.
The large company segment had the largest share
By company size, the large enterprise segment held the lion’s share in 2021, accounting for almost three quarters of the global distributed cloud market, driven by the increasing adoption of distributed cloud technology by various companies in BFSI and IT & Telecom for smooth operation of multiple clouds . However, the SME segment is expected to register the highest CAGR of 24.2% during the forecast period as cloud-based services are increasingly adopted as it offers a cost-effective and efficient solution for SMEs.
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The healthcare segment is projected to show the highest CAGR by 2031
By industry, the healthcare segment is expected to register the highest CAGR of 26.2% during the forecast period as the distributed cloud offers better efficiency and customer satisfaction by integrating different clouds for working from remote locations and provides valuable data insights from different clouds. However, the IT and telecom segment had the largest share in 2021, accounting for nearly a quarter of the global distributed cloud industry as it helps access data from different data centers across different clouds.
North America held the lion’s share
By region, the market across North America will dominate with more than two-fifths of the market in 2021 and is expected to maintain its leading position during the forecast period. This is due to the rise of digital infrastructure and the presence of major players in the region. However, the globally distributed cloud market is overarching Asia Pacific is expected to register the highest CAGR of 25.4% during the forecast period due to increasing investments in cloud technologies and an increasing number of SMEs in the region.
Important market participants
- Alibaba cloud
- Amazon Web Services Inc.
- Cloud Sigma AG
- data bricks
- DigitalOcean, LLC
- Liquid Web, LLC
- MassiveGRID Inc.
- Microsoft Corporation
- Oracle Corporation
- Rackspace technology
- Salesforce Inc.
- VMware Inc.
The report analyzes these major players of the global distributed cloud market. These players have applied various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, business segments, product portfolio and developments of each market player
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