Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Distributed Cloud Market size is expected to reach $13.4 billion by 2028, rising at a market growth of 20.3% CAGR during the forecast period.
The Edge Computing segment is showcasing a CAGR of 21% during (2022 - 2028). It is because edge computing is a decentralized information technology (IT) architecture in which user data is processed as near to the source as is practical at the network's edge. The lifeblood of a contemporary business is data, which offers invaluable business insight and supports real-time control over crucial corporate operations.
The Data Storage segment acquired maximum revenue share in the Global Distributed Cloud Market by Service in 2021 thereby, achieving a market value of $5.3 billion by 2028. It is because of the result of records being quickly digitalized. The distributed cloud disperses users' data over a network, enabling data to be located closer to end users and increasing transfer speed, decreasing congestion issues and the risk of data loss.
The Small & Medium-sized Enterprises segment has shown the growth rate of 21.7% during (2022 - 2028). It is because for SMEs to fulfill a sudden need, cloud solutions offer flexible infrastructure and capabilities. SMEs are using the pay-as-you-go approach, which gives them the freedom to manage the IT equipment as they see fit, to get over these obstacles.
The BFSI segment is leading the Global Distributed Cloud Market by End User in 2021 thereby, achieving a market value of $3 billion by 2028. The distributed cloud helps streamline banking procedures and quickly review numerous transactions, which helps the industry prevent financial crimes and enhance consumer satisfaction. To better serve their customers, financial institutions are using distributed clouds more and more frequently.
The North America market dominated the Global Distributed Cloud Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.9 billion by 2028. The Europe market is exhibiting a CAGR of 19.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 20.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Teradata Corporation, Alibaba Group Holding Limited, VMware, Inc., F5 Networks, Inc., and Pluribus Networks (Arista Networks).
By Organization Size
By End User
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