The Cloud Engineering Market is anticipated to touch USD 13 billion at a 21% CAGR between 2017- 2023, as per the current Market Research Future (MRFR) analysis. Cloud engineering, simply put, is the use of cloud computing in engineering. It is a systematic means to the commercialization and standardization of cloud computing applications. Cloud computing engineering uses various engineering tools to develop, maintain, and operate systems and solutions of cloud computing. Owing to its alluring features and an array of benefits, it has wide applications in government, retail, energy and utilities, healthcare, BFSI, IT and Telecommunication, and others.
Various factors are propelling the global cloud engineering market share. According to the recent MRFR report, such factors include growing demand for tailored devices, greater scalability, faster access to infrastructure, the emergence of IoT, increasing adoption of cloud services, and growing demand for concept testing before making any investments.
On the contrary, fear of losing data, concern about regulatory compliance, and the COVID-19 impact may hinder the global cloud engineering market growth over the forecast period.
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Cloud Engineering Market Opportunities
The emergence of the Internet of Things (IoT) and the increasing adoption of cloud-based services are increasing the demand of the Cloud Engineering Market. Therefore, the increasing demand for cloud engineering applications has brought more scopes and opportunities for manufacturers.
As a result, the growing investment in research and development for the Cloud Engineering Market is bringing more opportunities for the global market for the forecast period.
Cloud Engineering Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global cloud engineering market based on end users, organization size, deployment type, and service type.
By service type, the global cloud engineering market is segmented into cloud storage, cloud security, migration, integration, training, design, consulting, and others. Of these, cloud storage will lead the market over the forecast period.
By deployment, the global cloud engineering market is segmented into hybrid, public, and private. Of these, the public deployment will dominate the market over the forecast period.
By organization size, the global cloud engineering market is segmented into large, medium, and small. Of these, the small and medium segment will have a major share in the market over the forecast period.
By end users, the global cloud engineering market is segmented into government, retail, energy and utilities, healthcare, BFSI, IT and Telecommunication, and others. Of these, the retail segment will command the largest share in the market over the forecast period.
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Cloud Engineering Market Regional Analysis
Based on the region, the global cloud engineering market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will command the largest share in the market over the forecast period. Easy accessibility of technical expertise, advanced IT infrastructure, and the presence of several enterprises are adding to the global cloud engineering market growth in the region.
The global cloud engineering market in the APAC region is predicted to have a healthy growth over the forecast period. Growing adoption of high end technology in the measurement equipment field, increasing advancements, stringent government regulations, and a surging number of manufacturers are adding to the global cloud engineering market growth in the region.
The global cloud engineering market in Europe is predicted to have favorable growth over the forecast period. High adoption of cloud computing in Finland, Germany, France, Denmark, and Sweden, the presence of technology hub, and increasing adoption of cloud services in various sectors including education, banking financial services & insurance, and healthcare are adding to the global cloud engineering market growth in the region.
The global cloud engineering market in the RoW is predicted to have sound growth over the forecast period.
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Cloud Engineering Market Key Players
- GFT Technologies SE (Europe)
- Engineering Ingegneria Informatica SpA (Europe)
- ITC Infotech India Ltd. (India)
- Calsoft Inc. (US)
- Aricent Inc. (US)
- Rapidvalue Solutions Inc. (US)
- Nitor Infotech (India)
- VVDN Technologies (India)
- Softcrylic LLC (US)
- Searce Inc. (US)
- Trianz (US)
- Sogeti (Europe)
Table Of Content
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
Continued...
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