Distributed Cloud Market size was valued at USD 3.43 billion in 2023 and is likely to reach USD 43.59 billion by 2036, expanding at around 21.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of distributed cloud is assessed at USD 4.02 billion. Distributed cloud deploys multiple clouds that are used to meet compliance and performance requirements, and support edge computing, while being centrally managed from the public cloud provider. The growth of the market can be attributed to the increasing adoption of cloud computing across various industry verticals. For instance, cloud computing services generated almost USD 400 billion in revenue in 2021. Furthermore, distributed cloud services provide various advantages, including faster content delivery, better storage and distribution of content, and improved delivery speed. Moreover, growing penetration of internet, and installation of cloud servers are estimated to boost the growth the market. According to the World Bank Statistics, 56.727% of the global population used internet in 2019. Additionally, growing technological research and innovation, and upgrades in cloud technology are estimated to further boost the market growth.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
21.6% |
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Base Year Market Size (2023) |
USD 3.43 billion |
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Forecast Year Market Size (2036) |
USD 43.59 billion |
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Regional Scope |
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The market is segmented by service type into data security, data storage, networking, and others, out of which, the data storage segment is anticipated to hold a substantial share in the global market over the forecast period on account of increasing demand for larger storage capacity in cloud services, and faster access to stored data.
Our in-depth analysis of the global market includes the following segments:
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By Service Type |
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By Enterprise Size |
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By End-User |
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On the basis of geographical analysis, the global distributed cloud market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing proliferation of tech-giants in the developing nations, along with the growing IT sector in the region. For instance, the IT services industry in the APAC region is projected to reach approximately USD 240 billion by 2022.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rising adoption of cloud-based services, coupled with the increasing penetration of hybrid cloud in the region.
Author Credits: Abhishek Verma
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