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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