Global Public Cloud Services Market to Surpass US$ 640 Bn by 2022, BFSI Sector Remains
at the Forefront of Adoption
Surge in demand for enhanced technology in the electronic products that supports extensive features
has fuelled demand for public cloud services market in the electronic industry. Persistence Market
Research, in its recently compiled report, projects the global public cloud services market to surpass
US$ 640 Bn by 2022.
Factors Fuelling Growth of the Global Market
Increasing demand for gadgets with enhanced connectivity and features has led to an upsurge in
demand for public cloud services among manufacturers in the electronic industry. Public cloud
services are also projected to witness significant adoption in various commercial organizations to
extend access of important documents and business related files with the employees. In addition to
increasing use in the electronic industry, public cloud services is projected to witness significant
demand in the healthcare sector.
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As customers prefer fast and cost-effective treatment services, various healthcare organizations
continue to adopt technically enhanced services, such as public cloud services. The public cloud
services enables patients and healthcare professionals to store and access all the treatment related
data in the healthcare industry. Adoption of the public cloud services is projected to significantly
add to the healthcare services, as patients can access doctors and treatments seamlessly. Increasing
trend of accessing virtual care is projected to continue in various healthcare organizations.
Attributed to its secure features, several healthcare organizations witness significant adoption of
cloud-based services to maintain the patient records and data related to the treatment process in a
transparent and secure manner.
In addition to the healthcare industry, adoption of public cloud services is significantly high in the
agricultural industry. Increasing need to store, maintain, and process the data related to production
process in the agricultural field, and the quality of soil is projected to rev up adoption of public
cloud services in the agricultural industry. Through the platform of public cloud services, the
agriculturalists can access information stored by the precision farmers to curtail the harmful effects
on the environment, and reduce the prices. Moreover, adoption of this platform in the agricultural
industry enables the farmers to access the information related to the supply chain, customer
demand, and the billing system. Through such information the agriculturalists can make better
predictions and analysis regarding the product process.
Cloud Advertising to Represent a Leading Segment
Increasing advancements in technology has led to surge in use of big data and e-commerce
platforms. Attributed to growing developments in technology, the advertising companies are
adopting the cloud services to connect with the customers and also control the costs related to the
services in various ways. In terms of revenue, the cloud advertising segment as compared to other
types segment is projected to represent a relatively high revenue growth, representing more than
US$ 24,000 Mn in the global market of public cloud service by the end of 2017. However, as
compared to other types segment, the cloud enterprise type services segment is projected to reflect a
relatively high CAGR through 2022. The market in North America will remain a leading segment
for sales of public cloud services globally.
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