Global Cloud Services Market

Cloud Service refers to a wide range of on-demand services offered to businesses and customers over the internet. These services are designed to provide easy and affordable access to applications and resources without needing internal infrastructure or hardware. It refers to the servers accessed over the internet and the software and databases on those servers. The main types of cloud services are software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS) and business process as a service (BPaaS). Software as a service (SaaS) refers to providing complete applications over the Internet. It is also called web-based software, on-demand software, or hosted software. Establishments providing SaaS offer access to their software and hardware, managing access to the application, its security, availability, and performance. Users only need to think about the usage of the service provided and not about how the service is provided or maintained or how the underlying infrastructure is managed. The deployment method used include public cloud, private cloud, hybrid cloud and large enterprises, small and medium enterprises size organizations utilize them. The cloud services are mainly used for storage, backup, and disaster recovery, application development and testing, database management, business analytics, integration and orchestration, customer relationship management and others and used in industries including BFSI, media and entertainment, IT and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing and others. The cloud services market research report is one of a series of new reports from The Business Research Company that provides cloud services market statistics, including cloud services industry global market size, regional shares, competitors with a cloud services market share, detailed cloud services market segments, market trends and opportunities, and any further data you may need to thrive in the cloud services industry. This cloud services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cloud services market grew from $446.1 billion in 2022 to $489.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud services market is expected to grow to $698.01 billion in 2027 at a CAGR of 9.3%. The impact of COVID-19 (COVID-19) is expected to drive the cloud services market in the forecast period as the increasing number of people are working from home due to lockdowns imposed by governments globally that restrict the gathering of people in public places. Steps by national governments to contain the transmission have resulted in people working from home by accessing work-related systems and applications through the cloud. For instance, cloud spending rose 37% to $29 billion during the first quarter of 2020. This trend is likely to persist, as the exodus to virtual work underscores the urgency for scalable, secure, reliable, cost-effective off-premises technology services. In fact, despite the inevitable economic downturn in the wake of the pandemic, cloud spending is estimated to rise 19% for the full year, even as IT spending as a whole is forecasted to fall 8%. Thus, uncertainty surrounding the duration of the spread of COVID-19 is expected to lead to more companies adopting cloud technology to support their employees working from home, thereby driving the market growth. Security, password protection, and corporate and financial information protection were key issues for the cloud services industry. Similarly, in March 2020 it was reported that the real names, site usernames, gender, location, and phone numbers for 172 million users had been posted for sale on dark web markets. Due to security breaches, the need for firewall protection and network separation to ensure privacy was another major need across all industries. Routine security assessments undertaken with the help of security researchers were needed to analyze programming vulnerabilities, adding to the cloud services industry costs restraining the overall attractiveness of the market. Cloud service providers are increasingly using artificial intelligence to increase the efficiency and speed of cloud computing services. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. Using AI in cloud services can increase productivity and efficiency while automating repetitive tasks and supporting human capabilities. The advantages of using AI for cloud-based services include lowering adoption costs, facilitates co-creation, innovation, and driving AI-powered transformation for enterprises. Cloud service providers can use AI-powered network security tools to track and evaluate network traffic. For example, the IBM cloud park for automation and Amazon GuardDut are some of the AI based cloud services that are used for providing prebuilt workflows for AI-powered automation and for threat detecting. In addition, in 2020, Salesforce, the leading customer relationship management platform introduced a tool named Einstein, which offers the ability to capture customer data, making it easier to track and personalize customer relationships. Major companies in the cloud services market include Microsoft, Amazon.com Inc., SAP SE, International Business, Machines Corporation, Nippon Telegraph And Telephone Corp, Intel Corporation, Dell Technologies Inc., Apple, Tencent Holdings Co Ltd and Orange SA. North America was the largest region in the cloud services market in 2022. Western Europe was the second largest region cloud services market. The regions covered in the hardware support services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cloud services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The cloud services market includes revenues earned by entities by providing cloud services that can be used for the delivery of information technology resources and applications on-demand through an internet platform. Companies in the cloud services market provide access to servers, storage, databases and a broad set of application services managed by a hardware networking. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services. It also includes sales of public cloud services, private cloud services, hybrid cloud services and multi-cloud services offered by providers are included. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud services market is segmented - 1) By Type: Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS), Business Process as a service (BPaaS) 2) By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End User Industries 3) By Application: Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Customer Relationship Management, Other Applications 4) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud 5) By Organisation Size: Large Enterprises, Small And Medium Enterprises

The cloud orchestration refer to the process of automating the tasks required to manage workload operations and connections on private and public clouds. Automated tasks and processes are put into a workflow by cloud orchestration technologies to perform specific business functions. Policy enforcement is a feature of cloud orchestration tools that ensures that processes have the necessary permissions to execute or connect to a workload. The main types of services in cloud orchestration are cloud service automation, training, consulting, integration, support, and maintenance. Cloud service automation refers to processes and tools that help provision and manage cloud computing workloads and services by reducing or eliminating the need for manual labor. The services are deployed through private, public, and hybrid modes by small and medium-sized enterprises and large enterprises. The various end-users include healthcare and life sciences, transportation and logistics, government and defense, IT and telecom, retail, and manufacturing. The cloud orchestration market research report is one of a series of new reports from The Business Research Company that provides cloud orchestration market statistics, including cloud orchestration industry global market size, regional shares, competitors with a cloud orchestration market share, detailed cloud orchestration market segments, market trends and opportunities, and any further data you may need to thrive in the cloud orchestration industry. This cloud orchestration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cloud orchestration market size grew from $14.87 billion in 2022 to $17.29 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud orchestration market size is expected to grow to $32.1 billion in 2027 at a CAGR of 16.7%. The increase in dominance of cloud-based applications is expected to propel the growth of the cloud orchestration market over the coming years. Cloud-based applications offer major benefits to the customer, such as cost-effectiveness, easy integration, implementation, and lower cost of purchase. Cloud applications also help enterprises standardise system configurations and automate IT support processes. Cloud orchestration is used to provision, deploy, or start servers; acquire and assign storage space; manage networking; construct virtual machines; and gain access to certain applications on cloud services. For instance, according to InfoWorld, a US-based IT media business, global spending on public cloud services and infrastructure will reach around $500 billion by 2023. Thus, the increasing adoption of cloud-based applications is contributing to the growth of the market. Automated cloud orchestration and optimization is a key trend gaining popularity in the cloud orchestration market. Cloud automation is the process of using automated tools and processes to execute workflows in a cloud environment. It helps enterprises reduce the amount of manual work required by IT teams by automating cloud-related tasks, such as application deployment. Cloud orchestration and optimization enable enterprises to effectively manage the complications attached to interconnected services across different applications. For instance, in November 2021, Ericsson, a US-based information and communication technology company, launch an intelligent automation platform for smarter networks. An intelligent automation platform is an open service management and orchestration product that offers network optimization which enhances the customer experience. Ericsson Intelligent Automation Platform provides Open RAN-compliant service management and orchestration capabilities, advancing automation with support for a variety of vendors and numerous radio access network technologies and also provides an open software development framework that enables CSPs and other parties to create apps (rApps) with new services, enabling ecosystem innovation. In January 2022, Google LLC, a US-based technology company, acquired Siemplify for an undisclosed amount. Through this acquisition, Google aimed to integrate security orchestration, automation, and response (SOAR) capabilities into its own Google Chronicle security solution. Siemplify is a US-based security orchestration, automation, and response (SOAR) provider. Major players in the cloud orchestration market are Geminare Incorporated, Infrascale Inc., RackWare, Unitrends Inc., CloudVelox, Zerto Ltd., IBM Corporation, Hewlett Packard Enterprise Company, VMware Inc., Apptio Inc., Microsoft, Flexera, Scalr, Actifio, Veritas, CloudEndure, Oracle Corporation, Cisco Systems Inc., and Amazon Web Services. North America was the largest region in the cloud orchestration market in 2022. The regions covered in the cloud orchestration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud orchestration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud orchestration market includes revenues earned by entities by providing various cloud orchestration services such as deploying servers, acquiring & assign storage capacity, managing networking, and creating VMs to manage the interconnections and interactions among workloads on public and private cloud infrastructure.  The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud orchestration market is segmented - 1) By Service Type: Cloud Service Automation, Training, Consulting, And Integration, Support And Maintenance 2) By Deployment Mode: Private, Public, Hybrid 3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises 4) By End-User: Healthcare And Life Sciences, Transportation And Logistics, Government And Defense, IT And Telecom, Retail, Manufacturing, Other End Users

Database software is designed to create databases and store, manage, search, and retrieve information. Storage & Backup Software is an application used to store data, make duplicate copies of the data to protect it, and make it recoverable in the event of loss, damage, or malware infection. The main types of database, storage and backup software are database software, middleware software, and storage and backup software. A database software is a software program that is designed to create, edit, and maintain database files and records. They are deployed using models such as on-demand/cloud model and on-premise model. These are mostly used in industries such as BFSI, media and entertainment, it and telecommunications, energy and utilities, government and public sector, retail and consumer goods, manufacturing and others. The database, storage and backup software publishing market research report is one of a series of new reports from The Business Research Company that provides database, storage, and backup software publishing market statistics, including database, storage and backup software publishing industry global market size, regional shares, competitors with a database, storage and backup software publishing market share, detailed database, storage and backup software publishing market segments, market trends and opportunities, and any further data you may need to thrive in the database, storage and backup software publishing industry. This database, storage and backup software publishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global database, storage & backup software publishing market grew from $232.42 billion in 2022 to $258.5 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The database, storage & backup software publishing market is expected to grow to $382.41 billion in 2027 at a CAGR of 10.3%. The outbreak of COVID-19 disease (COVID-19) is expected to drive the database, storage & backup software publishing market in the forecast period as an increasing number of people are working from home due to lockdowns imposed by governments globally that restrict the gathering of people in public places. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in people working from home by accessing work-related systems and applications through the cloud. Uncertainty surrounding the duration of the spread of COVID-19 is expected to lead to more companies adopting cloud technology to support their employees working from home, thereby driving market growth. With technological advances in cloud computing and the continuous requirement of updating in-house IT infrastructure, companies are witnessing a rising demand for public cloud platforms. A public cloud is a service based on the standard cloud computing model, in which a service provider makes resources, such as virtual machines (VMs), applications or storage, available to the general public over the Internet. Companies are increasingly opting for public cloud platforms to minimize their costs as the public cloud provides services on a pay-as-you-go model, the need for organizations to invest in and maintain their own in-house IT resources, and enables scalability to meet workload and user demands. In March 2020, Quantum a US-based, digital storage company acquired Western Digital Technology's ActiveScale's object storage software. This acquisition helps Quantum Corporation to expand its products and services in the object storage market. Western Digital Technology is a computer hard disk drive manufacturer and data storage company. It is headquartered is in San Jose, California, United States. Major companies in the database, storage & backup software publishing market include Google, Broadcom Ltd., NetApp Inc., NEC Corporation, Altice NV and Commvault Systems, Inc. Asia-Pacific was the largest region in database, storage & backup software publishing market in 2022. North America was the second largest region in database, storage & backup software publishing market. The regions covered in the database, storage & backup software publishing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the database, storage & backup software publishing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The database, storage and backup software publishing market includes revenues earned by entities by developing and distributing software programs or utilities used for creating, editing and maintaining database files and records. It allows users to store data in the form of structured fields, tables and columns, which can then be retrieved directly and/or through programmatic access. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global database, storage and backup software publishing market is segmented - 1) By Type: Database Software, Middleware Software, Storage And Backup Software 2) By End-User Industry: BFSI, Media And Entertainment, IT and Telecommunications, Energy And Utilities, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Other End-User Industries 3) By Deployment Model: On-Demand/Cloud, On-Premise

The cloud-based ERP refer to an enterprise resource planning (ERP) system that runs on a cloud platform, allowing organizations to access it over the internet as opposed to an on-premises network. Integrates various departments in an organization and automates essential financial and operational business functions for the smooth flow of communication and information by providing a central database. The main components of cloud-based ERP are solutions and services. Cloud-based ERP solutions meet the requirements of clients while saving time and money. A cloud-based ERP solution, along with reduced cost, allows users across the globe to access business information by connecting to the internet. The different organisation sizes include small and medium-sized enterprises and large enterprises. Private cloud, public cloud, and hybrid clouds are the various cloud-based ERP development models used by various end-use industries such as automotive, aerospace, and defense, retail, banking and financial services, IT and telecommunication, education, government and public sectors, and other end-use industries. The cloud-based ERP market research report is one of a series of new reports from The Business Research Company that provides cloud-based ERP market statistics, including global cloud-based ERP industry size, regional shares, competitors with a cloud-based ERP market share, detailed cloud-based ERP market segments, market trends and opportunities, and any further data you may need to thrive in the cloud-based ERP industry. This cloud-based ERP market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global cloud-based ERP market size grew from $40.49 billion in 2022 to $43.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud-based ERP market size is expected to grow to $65.89 billion in 2027 at a CAGR of 10.7%. The growing digitization, IoT adoption, and cloud computing environment all contributed to the expansion of the cloud-based ERP market. Cloud ERP provides real-time information, helps to gain vital business insights instantly, can improve decision-making in a business and enables better interaction between devices. Also, cloud-based ERP is an affordable option that enables employees to access the system from any device in small to mid-sized businesses. For instance, In January 2021, in a global survey, Software AG, an enterprise software company, announced that results of their global survey stated that 97% of global IT directors reported that their companies went through digital transformation in 2020 and also listed the areas of focus such as Cloud computing (67%), 5G (51%), AI (43%), and Integration (43%) that are of interest in 2021. Advancements in technology are significantly shaping the cloud-based ERP market. Advancements in technology are strengthening the growth of cloud-based ERP solutions and services. These cloud-based ERP system technologies will aid in optimizing workflow, improving decision-making and communication, enabling better device interaction, monitoring employee performance, being easily accessible to users, and providing digital assistance to an organization. For instance, in September 2021, Yonyou, a China-based cloud service, and enterprise resource planning (ERP) solutions provider launched the next-generation cloud ERP to enhance the business innovation platform. The newly launched Yonyou BIP is the upgraded architecture ‘1+3+X’, shifting from ‘All-in-One Suite’ to ‘Integrated Service Cluster’ to enhance the ERP solutions in HR, Business and Finance, covering ten major line-of-businesses sales and marketing, and financial services. In April 2020, Koch Industries, Inc., a Kansas-based engineering firm, acquired Infor from Golden Gate Capital for an undisclosed amount. The acquisition brings capabilities to accelerate digital transformation for Koch and provides resources and industry knowledge to Infor to continue growing its expertise in mission-critical software for industries such as manufacturing, healthcare, retail and distribution, and others. Infor is a global leader in business cloud software that develops enterprise ERP software products for various industries. Major players in the cloud-based ERP market are SAP SE, Microsoft Corporation, Oracle Corporation, IBM Corporation, Infor Inc., Sage Group plc, Aptean, Epicor Software Corporation, Acumatica, Inc., Ramco Systems Limited, Deltek, Plex Systems, Syspro, Unit4, QAD Inc., Workday, Inc., Netsuite Inc., Daffodil Software Ltd., FinancialForce, IQMS (Dassault Systemes), Rootstock Software, IFS AB, Genius Solutions, Inc., OpenPro, Inc., and Koch Industries, Inc. North America was the largest region in the cloud-based ERP market in 2022. The regions covered in the cloud-based ERP market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud-based ERP market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud-based ERP market includes revenues earned by entities by providing software tools to an organization with access to their business-critical applications at any time from any location and provides analytical capabilities, customizable dashboards and reports, vendor-generated updates, and enterprise-level security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud based erp market is segmented - 1) By Component: Solution, Service 2) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises 3) By Development Model: Private Cloud, Public Cloud, Hybrid Cloud 4) By End-Use Industry: Automotive, Aerospace And Defense, Retail, Banking And Financial Services, IT And Telecommunication, Education, Government And Public Sectors, Other End-Use Industries

Cloud security is a set of policies, procedures, and technologies that work together to protect cloud data. Cloud security protects against data breaching, loss of confidential data, and insecure application programming interfaces (API) and improves the security capabilities and risk assessment of the cloud providers. The main types of cloud security are application security, database security, endpoint security, network security, and web and email security. Application security has both hardware and software procedures to minimize data threats. The different service models include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) and are deployed through public, private, and hybrid. It is employed in several sectors such as BFSI, healthcare, IT, and telecom, among others. The cloud security market research report is one of a series of new reports from The Business Research Company that provides cloud security market statistics, including cloud security industry global market size, regional shares, competitors with a cloud security market share, detailed cloud security market segments, market trends and opportunities, and any further data you may need to thrive in the cloud security industry. This cloud security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global cloud security market size grew from $13.36 billion in 2022 to $16.04 billion in 2023, at a compound annual growth rate (CAGR) of 20.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud security market size is expected to grow to $32.74 billion in 2027 at a CAGR of 19.5%. The rising number of cyberattacks is expected to propel the growth of the cloud security market going forward. A cyberattack is a malicious and deliberate effort by an individual or organization to breach the data of another individual or business. Organizations use cyber security for minimizing cyber-attacks, as result, the rise in the number of attacks increases the demand for the cybersecurity market. For instance, according to the Indian Computer Emergency Response Team (CERT-In), an India-based government ministry, cyberattacks in India increased from 3.9 lakhs in 2019 to 11.5 lakhs in 2020. Therefore, the rising number of cyber-attacks drives the growth of the cloud security market. Technological Advancements have emerged as a key trend gaining popularity in the cloud security market. Many companies are launching new technological solutions in cloud security so as to meet customer demand. For instance, in July 2020, Fortinet Inc., a US-based cloud security company launched a cloud-to-cloud WAN solution for enhancing multi-cloud applications. The solution offers centralized management with end-to-end visibility in multiple cloud environments and reduces the complexity by saving time and resources and also providing API applications for security requirements. In December 2021, F5 Networks, a US-based cloud security company acquired Threat Stack for an amount of $68 million. With this acquisition, F5 networks intend to extend their portfolio in cloud security solutions and also strengthen their security capabilities. Threat Stack is a US-based cloud security management company. Major players in the cloud security market are Microsoft Corporation, Cisco Systems Inc., Trend Micro Inc., McAfee Corp., Qualys Inc., Amazon Web Services Inc., Broadcom Inc., Checkpoint Software Technologies Ltd., IBM Corporation, Foreseeti, Sophos, Forcepoint LLC, Palo Alto Networks Inc., Bitglass, Imperva, Intel Security, Proofpoint Inc., Zscaler Inc., FireEye Inc., CloudPassage, Fortinet Inc., Avanan, Illumio, vArmour, Aqua Security, Cloudflare, SiteLock, Tenable Inc., and Accenture. North America was the largest region in the cloud security market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud security market includes revenues earned by entities by providing cloud security services that automate the processes for protecting an organization’s cloud, avoiding unauthorized access, provides identity & access management, data loss prevention, web security, e-mail security, security assessments, intrusion management, encryption, disaster recovery, and network security.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud security market is segmented - 1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security, Web and Email Security 2) By Service Model: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS) 3) By Deployment: Public, Private, Hybrid 4) By End User: BFSI, Healthcare, IT and Telecom, Other End Users

Cloud point of sale (POS) refers to an online point of sale system that enables company owners to accept payments via the internet rather than using a desktop computer. Operators can save the transaction, inventory, employee, and other company data on a remote server using cloud-based POS systems. The cloud point of sale (POS) allows company owners to run their businesses efficiently, as the transactions are made quicker and safer, and more data is tracked using cloud point of sale (POS) systems. The main components of cloud point of sale include solutions and services. Solutions refer to rich IoT devices, advanced cloud infrastructure, industry-depth IoT platforms to streamline store operations, and others. This allows businesses to create an engaging, informed shopping experience by integrating digital, in-store, and back-office retail processes, enhancing consumer engagement and employee efficiency and enabling retail transformation. These systems and solutions are widely used by small, medium and large enterprises. These solutions and services are used by various industries including retail & e-commerce, restaurant, hospitality, transportation & logistics, entertainment & media, healthcare, and others. The cloud point of sale (POS) market research report is one of a series of new reports from The Business Research Company that provides cloud point of sale (POS) market statistics, including cloud point of sale (POS) industry global market size, regional shares, competitors with a cloud point of sale (POS) market share, detailed cloud point of sale (POS) market segments, market trends and opportunities, and any further data you may need to thrive in the cloud point of sale (POS) industry. This cloud point of sale (POS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global cloud point of sale (pos) market size grew from $3.47 billion in 2022 to $4.21 billion in 2023 at a compound annual growth rate (CAGR) of 21.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud point of sale (pos) market size is expected to grow to $9.25 billion in 2027 at a CAGR of 21.8%. The growing acceptance of digital payments propels the growth of the cloud point-of-sale market. Digital payments refer to payments made through bank transfers, mobile money, and payment cards including debit, credit, and prepaid cards. Decreasing popularity of cash usage, a growing development of user-friendly payment portals, and government support for transparent payment gateways have boosted the utilization of digital payments across the globe. Increasing acceptance of digital payments is expected to boost utilization of cloud point of sale, as they act as a fundamental entity to accept the payment through the internet. According to the RBI Annual Report 2021, the percentage of digital transactions in total non-cash retail payments increased from 97.0% in 2019-2020 to 98.5% in 2020-21. Therefore, the growth in digital payments is expected to boost demand for cloud point of sale (POS) during the forecast period. Technological advancement is a key trend gaining popularity in the cloud point of sale market. The advancement of innovative technologies such as AI, IoT, cloud computing, and big data, among others, had a tremendous influence on the cloud point of sale (POS) in recent years. The companies operating in the cloud point of sale sector are increasingly focusing on developing technologically advanced systems with greater operational and cost-efficiency. For instance, in August 2021, HungerRush, a Texas-based provider of cloud-based software solutions to the restaurant industry, launched HungerRush 360, a fully-integrated cloud point-of-sale, which offers complete management of restaurant which include digital ordering, customer engagement, delivery, and payment processing. In April 2022, POS Nation, a US-based point of sale systems and solutions provider, acquired Bottle POS for an undisclosed amount. With this acquisition, POS Nation can service its network of retail liquor clients with the Bottle POS’s cloud-based POS system, as well as extend Bottle POS sales to liquor merchants seeking an industry-specific solution. Bottle POS is a US-based cloud POS solutions provider specifically for the liquor industry. Bottle POS’s software is developed for liquor store owners and uses automation and artificial intelligence to automate the most time-consuming aspects of running a liquor shop. Major players in the cloud point of sale (pos) market are PAR Technology Corp, Cegid, Celerant Technology, Clover network Inc., Square Inc., Lightspeed, Intuit Inc., One Step Retail Solutions, ERPLY, Omnico Group, EPOS Now, NCR Corporation, Revel Systems Inc., TouchBistro, Shopkeep Inc., AccuPOS Inc., TouchSuite, Toast Inc., and Vend Limited. North America was the largest region in the cloud point of sale (POS) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud point of sale (POS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud point of sale (POS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The cloud point of sale market includes revenues earned by entities by providing cashier terminal, card reader (for card payment processing), cash drawer, receipt printer, barcode (UPC) scanner, barcode printer, customer-facing display. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud point of sale pos market is segmented - 1) By Component: Solution, Services 2) By Organization Size: Small and Medium Enterprises, Large Enterprises 3) By Application: Retail & E-Commerce, Restaurant, Hospitality, Transportation & Logistics, Entertainment & Media, Healthcare, Other Applications

Cloud robotics refers to robotic solutions, which utilize technologies such as cloud computing, cloud storage, and other internet technologies. Cloud robotics provides vast amounts of data to robotic devices without having to incorporate it directly via on-board memory. The main types of cloud robotics include peer-based, proxy-based and clone based, and they are deployed over the private cloud, public cloud and hybrid cloud. The peer-based cloud robotics refers to robotics that runs on a computing unit in which the robot and each virtual machine are distributed in such a way that tasks can be divided into smaller modules for execution over a subset of the nodes in the computing. The end-user industries of cloud robotics include manufacturing, military & defense, retail & e-commerce, healthcare & life sciences, and other end-user industries. The cloud robotics market research report is one of a series of new reports from The Business Research Company that provides cloud robotics market statistics, including cloud robotics industry global market size, regional shares, competitors with a cloud robotics market share, detailed cloud robotics market segments, market trends and opportunities, and any further data you may need to thrive in the cloud robotics industry. This cloud robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cloud robotics market size grew from $7.33 billion in 2022 to $10.71 billion in 2023 at a compound annual growth rate (CAGR) of 46.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud robotics market size is expected to grow to $26.47 billion in 2027 at a CAGR of 25.4%. During the forecasting period, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labour costs, labour shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market. Technological advancement is a key trend gaining popularity in the cloud robotics market. Key players operating in the cloud robotics market are focusing on developing robotics and automation more broadly to strengthen their position in the market. For instance, in November 2021, Amazon launched AWS IoT RoboRunner, a new robotics service-designed incubator program in collaboration with nonprofit MassRobotics to make it easier for enterprises to build and deploy apps that enable fleets of robots to work together and to tackle challenges in automation, robotics, and industrial internet of things (IoT) technologies. In August 2021, Zebra Technologies a U.S-based leading firm an innovator of the front line of business with solutions and partners acquired Fetch Robotics for an undisclosed amount. The acquisition forms to strengthen the businesses by building on the strength of their existing enterprise asset intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows. Fetch Robotics is a California-based provider of wide range of robots for automation in manufacturing and warehousing operations. Major players in the cloud robotics market are ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC, Hit Robot Group, Cloudminds Technology, Google, Rapyuta Robotics Co Ltd., Tend, V3 Smart Technologies Pte Ltd., Universal Robotics A/S, Intel Corporation, Omron Adept Technologies, Aethon, Fetch Robotics, and Telefonaktiebolaget LM Ericsson. North America was the largest region in the cloud robotics market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cloud robotics market includes revenues earned by entities by providing services such as Simultaneous localization and mapping (SLAM), grasping, and navigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud robotics market is segmented - 1) By Implementation Type: Peer Based, Proxy Based, Clone Based 2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud 3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries

The cloud-based ITSM refer to a cloud hosting system that provides access to a remote working environment. This cloud hosting allows quick and easy visualization of process workflows and gives firms more freedom and visibility on the web. The purpose of the ITSM platform is to ensure that the IT department lowers its operational cost and increases profit and work flexibility in their businesses. The main components of the cloud based ITSM market are solutions and services. The services segment focuses on the entire ITSM process such as networks, the internet, servers, software, services, applications and network, and endpoint hardware. These solutions and services are provided to SMEs and large enterprises in industries ranging from IT and telecommunication, BFSI, healthcare, manufacturing, retail, and education. The cloud-based ITSM market research report is one of a series of new reports from The Business Research Company that provides cloud-based ITSM market statistics, including cloud-based ITSM industry global market size, regional shares, competitors with a cloud-based ITSM market share, detailed cloud-based ITSM market segments, market trends and opportunities, and any further data you may need to thrive in the cloud-based ITSM industry. This cloud-based ITSM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cloud-based itsm market size grew from $7.61 billion in 2022 to $8.72 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud-based itsm market size is expected to grow to $15.32 billion in 2027 at a CAGR of 15.1%. The increase in adoption of cloud-based applications will propel the growth of the cloud-based ITSM market in the forecasted period. Cloud adoption is a business strategy aiming to improve internet-based database capabilities' scalability while lowering costs and risks. Organizations use cloud computing, or remote computers hosted on the Internet, to store, manage, and process essential data. For instance, in November 2021, a 2021 Cloud Adoption Survey published on O'Reilly Media, a US-based learning company, showed that COVID-19 accelerated the cloud adoption application. According to the O'Reilly survey, cloud adoption is rapidly increasing across industries, with 90% of businesses using cloud computing. This is an increase from last year's poll (2020), which found that 88% of respondents were using the cloud, demonstrating that cloud use is accelerating. Therefore, the adoption of cloud-based applications will drive the cloud-based ITSM market. Technological innovation is a key trend gaining popularity in the cloud-based ITSM market. Major companies operating in the cloud based ITSM market are focused on providing technologically advanced solutions and platforms to strengthen their market position. These companies are implementing next-generation cloud-based ITSM technologies into their services and platform, such as virtualization, grid computing, service-oriented architecture, artificial intelligence, mining, cloud computing, automated cloud orchestration, and others. For instance, in April 2020, ServiceNow, a US-based software company, launched the Cloud Call Center solution, an innovative AI-powered "Contact-Center-as-a-Service" (CCaaS) solution for IT support that increases efficiencies. This AI-powered CCaaS will help save expenses while improving the caller and agent experience by automating support chores. In March 2021, IFS AB, a Sweden-based enterprise software company, acquired Axios Systems for an undisclosed amount. Through this acquisition, IFS will strengthen its position in service management by adding enterprise service management functionalities. Axios System is a UK-based provider of service desk, IT service management, and IT asset management software. Major players in the cloud-based ITSM market are ServiceNow, Hewlett Packard Enterprise, IBM, BMC Software, Broadcom CA Technologies, IVANTI, Micro Focus, Ciritx System Inc., Hornbill, Axios Systems, ManageEngine, Atlassian, SysAid, Microsoft, Freshworks, Alemba, Efecte, EasyVista, LogMeIn, and Symphony SummitAI. North America was the largest region in the cloud-based ISTM market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud-based ISTM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud-based ISTM market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cloud based ITSM market includes revenues earned by entities by providing asset discovery management, configuration management, incident and problem management, self-service provisioning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud based itsm market is segmented - 1) By Component: Solutions, Services 2) By Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises 3) By End User: Telecom And IT, BFSI, Manufacturing, Retail, Healthcare, Education