Global Public Cloud Service Market Projected to Grow at a CAGR of 4 % to Reach Market Share of USD 249 Billion by 2022
Market Highlights
In this rapidly changing environment , many businesses have adopted cloud technologies . The cloud service that is offered over a public network is defined as the public cloud service . Public cloud service has many benefits as flexibility , cost effectiveness , reliability and many more . Rapid IT modernization , investment in technological developments and other are the key factors driving public cloud service market .
Recently it has been studied that cyber security threat is increasing and this is considered as the major restraint in public cloud service market . Apart from cyber security internet downtime and limited control of infrastructure are also some of the restraining factor in public cloud service market . Government organizations from many countries are recently taking interest in complete integration with cloud technologies .
Public Cloud Service Market is growing rapidly over 4 % of CAGR and is expected to reach at USD 249 billion by the end of forecast period .
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Competitive Analysis-
Major Key Players in Cloud Service Market are :
The prominent players in the Cloud Service Market are Google ( U . S .), Amazon . com , Inc . ( U . S .), Microsoft Corporation ( U . S .), International Business Machines Corporation ( U . S .), Hewlett-Packard ( U . S .), Salesforce . com ( U . S .), Oracle Corporation ( U . S .), VMware , Inc .( U . S .) , Cisco Systems , Inc . ( U . S .), Verizon Wireless ( U . S .), and Rackspace Inc . ( U . S .) among others .
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