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DUBLIN–(BUSINESS WIRE)–The “Cloud Computing Platform Market by Service Model (IaaS, PaaS & SaaS), by Deployment Model, Organization Size, Vertical (BFSI, Retail & Consumer , Telecom, IT and ITeS and Manufacturing) and Region – Global Forecast to 2027” has been added to the report offer.

The global cloud computing platform market size is projected to grow from USD 545.8 billion in 2022 to USD 1240.9 billion by 2027 at a compound annual growth rate (CAGR) of 17.9% over the forecast period. prediction. Cloud computing is an on-demand delivery of a virtual environment that includes a pool of resources, such as compute, storage, applications, databases, and networking, through pay-as-you-go service models, which enable enterprises to host their workloads.

According to the service model, IaaS will grow at the highest CAGR during the forecast period

According to the service model, Infrastructure as a service (IaaS) is estimated to hold the highest compound annual growth rate (CAGR) of 22.5% in the cloud computing platform market. Cloud computing service models are further categorized into IaaS, PaaS and SaaS. IaaS, or Infrastructure as a Service, is a type of cloud computing that delivers basic computing, network, and storage capacity to customers on demand, over the Internet, and on a pay-as-you-go basis. Describes a set of services, including hosting, provisioning, hardware, and the foundational services needed to run a cloud.

With this, a company can use this service to outsource servers, storage, hardware, server and networking components as well as other equipment required to support operations. Additionally, PaaS, or platform as a service, is an all-inclusive environment for cloud development and deployment that has the tools you need to deliver everything from basic cloud-based apps to complex business systems. It consists of application infrastructure services (middleware), such as application platforms, development tools, integration, business process management, business analytics/BI, and database management services. SaaS refers to a cloud-based method of delivering software to users. Users subscribe to an application instead of buying it once and installing it. Users can access and use a SaaS application from any compatible device on the Internet. The actual application runs on cloud servers instead of each user installing the software on their device. For large organizations, updating software used to be a time-consuming process.

According to the platform as a service, the analytics and reporting segments will grow at the highest CAGR during the forecast period

As with PaaS, Analytics and Reporting is expected to grow at the highest CAGR of 23.4% during the forecast period, while the data management segment is expected to hold a larger market share based on platform as a service. Analytics and reporting are data management solutions implemented in organizations to collect historical and current data while using statistics and software to analyze raw information and provide insights to make better future decisions. BI is the process of collecting, storing and analyzing data from business operations. Provides comprehensive near real-time business metrics to support better decision making.

Regarding Software as a Service, the Supply Chain Management Segment is Expected to Grow at the Highest CAGR During the Forecast Period

According to SaaS, supply chain management is estimated to hold the highest compound annual growth rate (CAGR) of 17.6% in the cloud computing platform market. Applications, such as logistics, inventory and production planning are covered by the SCM segment. Improving supply chain operations for different capital-intensive industries requires explicit consideration, as the multidisciplinary nature of different industries makes SCM practices more complex. Cloud-based SCM applications help reduce all these challenges and improve business processes associated with managing supply chain activities.

Market dynamics


  • Increased adoption of cloud computing services due to COVID-19

  • Increased demand for AI

  • Personalized customer experience

  • Need for disaster recovery and contingency plans


  • Data security and privacy concerns

  • Lack of technical knowledge and skills


  • Government initiatives are increasing

  • Adoption of IoT and connected devices


  • High complexity due to the adoption of the multi-cloud model

  • Vendor blocking risk

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium insights

5 Market Overview and Industry Trends

6 Cloud computing platform market, by service model

7 Cloud Computing Platform Market, by IaaS

8 Cloud computing platform market, of PaaS

9 Cloud computing platform market, of SaaS

10 Cloud computing platform market, by deployment model

11 Cloud Computing Platform Market, by Organization Size

12 Cloud computing market, by vertical

13 Cloud Computing Platform Market, by Region

14 Competitive landscape

15 company profiles

16 Adjacent/Correlated Markets

17 Appendix

Companies mentioned

  • Adobe

  • Alibaba Cloud

  • AppMaisters Inc.

  • AWS

  • Blue block

  • Box

  • Century connection

  • Cisco

  • Citrix

  • cloudflex

  • cloudhelix

  • Cloudways

  • digitalocean

  • DXC extension

  • Epicor

  • Fujitsu

  • Google

  • IBM

  • ifs extension

  • Information

  • Intuition

  • JDV technologies

  • Joyful

  • Microsoft

  • Ships site

  • nec

  • Open text

  • Oracle

  • OVH

  • cloud

  • rack space

  • Wise

  • Salesforce


  • Service now

  • Skytap

  • Tencent cloud

  • Technologies Tudip

  • Upland software

  • Virtstream

  • Visartech

  • vmware

  • Vultr

  • Working day

  • zoho

  • Zimr

For more information about this report, please visit


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