Cloud Engineering Market Analysis
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.
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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.
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.
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.
Key Players
Key contenders profiled in
the global cloud engineering market report include Searce Inc. (US), Softcrylic
LLC (US), VVDN Technologies (India), Nitor Infotech (India), Calsoft Inc. (US),
ITC Infotech India Ltd. (India), Engineering Ingegneria Informatica SpA
(Europe), Rapidvalue Solutions Inc. (US), Aricent Inc. (US), GFT Technologies
SE (Europe), and Trianz (US), Sogeti (Europe).
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