Global Distributed Cloud Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

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Global Distributed Cloud Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Distributed cloud refers to an architecture where multiple clouds are used to satisfy performance requirements, compliance needs, and edge computing concerns while being centrally managed from the public cloud provider. In a distributed cloud, services are situated or distributed to certain places to minimize latency, and these services benefit from a single, standardized command post across public and private cloud environments.

Sizing and Forecast

The distributed cloud market size has grown rapidly in recent years. It will grow from $4.17 billion in 2023 to $4.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to growth in edge computing and iot applications, demand for low latency and high-performance computing, expansion of 5g networks, adoption of hybrid and multi-cloud strategies, emphasis on data sovereignty and regulatory compliance

The distributed cloud market size is expected to see exponential growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence in distributed cloud, increased adoption in edge computing environments, growth in remote work and decentralized operations, expansion of distributed cloud for augmented reality (ar) and virtual reality (vr), emphasis on edge security and privacy in distributed cloud. Major trends in the forecast period include development of edge-native and cloud-native applications, integration of containerization and orchestration technologies, rise of decentralized cloud marketplaces and ecosystems, adoption of serverless computing in distributed cloud environments, focus on sustainability and green computing in distributed cloud solutions.

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Segmentation & Regional Insights

The distributed cloud market covered in this report is segmented –

1) By Type: Public-Resource Computing, Volunteer Cloud Computing

2) By Service Type: Data Security, Data Storage, Networking, Autonomy, Other Service Types

3) By Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises

4) By Application: Edge Computing, Content Delivery, Intelligent Transportation, Other Applications

5) By Industry Vertical: Banking, Financial Services and Insurance, Government and Defence, Retail and E-Commerce, Healthcare, IT and Telecom, Manufacturing, Media and Entertainment, Other Industry Verticals

North America was the largest region in the distributed cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The adoption of distributed cloud by end-user industries is expected to boost the growth of the distributed cloud market going forward. A distributed cloud service is a public cloud that operates in multiple locations. This distribution of services enables an organization to satisfy extreme specific requirements for response time and performance, regulatory or governance compliance mandate, or other demands requiring cloud infrastructure to be situated anywhere other than the cloud provider’s typical availability zones. It offers benefits including increased compliance and uptime, scalability & flexibility, and faster processing, and performance. These advantages encourage organizations to adopt distributed cloud computing. For instance, in January 2023, according the data released by Google Cloud Platform a US-based provider of cloud platform for enterprises, 26% of enterprises reported using multiple public clouds in 2022, up from 21% in 2021. Therefore, the adoption of distributed cloud by end-user industries will drive the distributed cloud market.

Key Industry Players

Major companies operating in the distributed cloud market report are Alibaba Cloud, Amazon Web Services Inc., CloudSigma AG, DigitalOcean LLC, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Technology, Salesforce Inc., VMware Inc., Google Inc., Pivotal Inc., SAP SE, Verizon Communications Inc., F5 Inc., Axway Inc., Accenture plc, Akamai Technologies Inc., Atos SE, BT Group plc, Capgemini SE, Lumen Technologies Inc., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc., Cognizant Technology Solutions India Pvt Ltd., DXC Technology Company, Fujitsu Ltd., Hewlett Packard Enterprise, Infosys Limited, NEC Corporation, NTT Communications Corporation, OpenText Corporation, Red Hat Inc., ServiceNow Inc., Siemens AG, Tata Consultancy Services, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, Unisys Corporation, Wipro Limited, Workday Inc., Zoho Corporation., Zscaler Inc., Zuora Inc.

The distributed cloud market report table of contents includes:

1. Executive Summary

2.Distributed Cloud Market Characteristics

3.Distributed Cloud Market Trends And Strategies

4.Distributed Cloud market analysis

5Distributed Cloud. Market Size And Growth

6.Distributed Cloud Segmentation

7.Distributed Cloud Regional And Country Analysis

27.Distributed Cloud Competitive Landscape And Company Profiles

28. Distributed CloudKey Mergers And Acquisitions

29.Distributed Cloud Future Outlook and Potential Analysis

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saikiran TBRC

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