Rising customer disposable income, growing adoption of IIoT, and the need to manage the growing volume of data created by IIoT deployments are driving the growth of the distributed cloud market over the forecast period . North America has emerged as the largest market in the global distributed cloud market, with a 44.32% market revenue share in 2022.
Newark, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global distributed cloud market is expected to grow from $3.36 billion in 2022 to $13.41 billion by 2030, with a CAGR of 18.89% over the forecast period 2022-2030.
Growing demand for low-cost data backup, storage and security across all industries is expected to increase the demand from the distributed cloud industry during the projection period. Moreover, the growing use of mobile technologies and growing use of digitalization are also helping to propel the growth of the market. However, the concern regarding data security is the restrained market growth. Additionally, rapid adoption of cloud technologies by small and medium enterprises and growing government interest in implementing and promoting cloud technologies are opportunities for market growth.
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2030 value projection
Year of reference
Train Battery Market Size in 2021
Number of pages
Application, Type, Vertical, Regions
Distributed Cloud Market Growth Drivers
Growing number of tech giants in developing countries and growing IT industry
To strengthen their position in the global distributed cloud market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• For example, in February 2022, F5 announced a significant proliferation of its application delivery and security portfolio across F5 distributed cloud services that provide multi-cloud networking, edge-based computing solutions, and protection. on collaborative software as a service. Platform. The company is also launching the first new software-as-a-service (SaaS) solution, F5 Distributed Cloud WAAP (API Protection and Web Application), which augments many protection capabilities across F5 technologies in a SaaS offering. .
Market growth and trends
The growth of the distributed cloud market is driven by the high penetration of internet services and the expansion of smart devices. Moreover, the trend of ever-increasing digitization in important industry verticals is the growth trend of the market. Additionally, increasing usage of big data and other related technologies and adoption and execution of digital industries are driving the growth of the market. Additionally, the rapid development of mobile apps and phones, the introduction of machine learning, Internet of Things (IoT) and artificial intelligence, as well as the affordability of computer-based scanning solutions. cloud propel the market growth over the forecast period. However, the growing demand for data sharing and privacy across various industry verticals is driving the growth of the market.
• In 2022, the edge computing segment dominated the market with the largest market share of 31.11% and revenue of 1.04 billion.
The application segment is divided into intelligent transportation, edge computing, content delivery and others. In 2022, the edge computing segment dominated the market with the largest market share of 31.11% and revenue of 1.04 billion. This growth is attributed to growing consumer demand and various technological advancements.
• In 2022, the public resources IT segment dominated the market with the largest market share of 57.18% and revenue of 1.92 billion.
The Type segment is divided into volunteer cloud computing and public resource computing. In 2022, the public resource computing segment dominated the market with the largest market share of 57.18% and revenue of 1.92 billion. This growth is attributed to the growing digital transformation of industries.
• In 2022, the large enterprise segment dominated the market with the largest market share of 56.15% and revenue of 1.88 billion.
The enterprise size segment is divided into SMEs and large enterprises. In 2022, the large enterprise segment dominated the market with the largest market share of 56.15% and revenue of 1.88 billion. This growth is attributed to increased use in large organizations to streamline operations.
• In 2022, BFSI segment dominated the market with the largest market share of 19.21% and revenue of 0.64 billion.
The industry vertical segment is divided into government and defense, BFSI, healthcare, media and entertainment, retail and e-commerce, manufacturing, energy and utilities, IT and telecommunications, and others. In 2022, the BFSI segment dominated the market with the largest market share of 19.21% and revenue of 0.64 billion. This growth is attributed to the growing demand for scalable, agile and cost-effective computing. Moreover, by 2030, the retail and e-commerce segment is likely to dominate the market owing to the growing purchasing power of consumers.
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Distributed Cloud Market Regional Segment Analysis:
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
The North American region has emerged as the largest market in the global distributed cloud industry, with a market share of 44.32% and a market value of approximately $1.48 billion in 2022. North America dominates the distributed cloud market due to the high adoption rate of advanced technologies. . Rising penetration of hybrid cloud and rising adoption of cloud-based services are also helping to drive the growth of the market in the region. Furthermore, the rise of digital infrastructure, the presence of skilled professionals, and the presence of prominent players are expected to propel the market growth in this region. In addition, the Asia-Pacific region is expected to post the fastest CAGR of 20.05% over the projection period. This growth is attributed to technological innovation as well as government support for the digital economy.
Key players operating in the global distributed cloud market are:
• Alibaba Cloud
• Wind River Systems
• Multiple networks
• Any scale
This study forecasts revenue at global, regional and country level from 2019 to 2030. Brainy Insights has segmented the global distributed cloud market based on the segments mentioned below:
Global Distributed Cloud Market by Application:
• Smart transportation
• Edge Computing
• Content distribution
Global Distributed Cloud Market by Type:
• Volunteer Cloud Computing
• Computing of public resources
Global distributed cloud market by enterprise size:
• Large companies
Global Distributed Cloud Market by Vertical:
• Government and Defense
• Health care
• Media and entertainment
• Retail and e-commerce
• Energy and utilities
• IT & Telecom
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About the report:
The global distributed cloud market is analyzed based on value (in billions of dollars). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.
About The Brainy Insights:
The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.
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