Distributed Cloud Market Trends

  • Report ID: 3959
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Distributed Cloud Market Trends

Growth Drivers

  • Growing Adoption of Cloud Services
  • Rising Penetration of Internet

Challenges

  • Lack of Awareness amongst People
  • Security and Privacy Issues

Distributed Cloud Market: Key Insights

Research and Development Expenditure (% of GDP), 2015-2018

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Base Year

2024

Forecast Year

2025-2037

CAGR

21.6%

Base Year Market Size (2024)

USD 4.17 billion

Forecast Year Market Size (2037)

USD 53 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3959
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of distributed cloud is evaluated at USD 4.94 billion.

Distributed Cloud Market size was valued at USD 4.17 billion in 2024 and is set to exceed USD 53 billion by 2037, registering over 21.6% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is set to dominate majority revenue share by 2037, due to growing proliferation of tech-giants in the developing nations, along with the growing IT sector in the region.

The major players in the market are Verizon Communications Inc., IBM Corporation, SAP SE, Pivotal Software, Inc., DigitalOcean, Inc., Oracle Corporation, VMware, Inc., Amazon Web Services, Inc., and Axway Software.
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