The Distributed Cloud Market size is projected to reach USD 5.0 Billion by 2027, from USD 1.3 Billion in 2020 growing at a CAGR of 26.4% during 2021-2027.
Latest added Distributed Cloud Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Amazon Web Services, Microsoft Azure, Google Cloud Platform, VMware, Oracle Cloud, VeriZon Cloud, and IBM Cloud. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Distributed Cloud Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Distributed Cloud Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Distributed Cloud Market, By Services (Data Storage, Networking, Data Security, Autonomy), Application (Public Resource Computing, Volunteer Cloud, Fog/Edge Computing), End Users and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.
To Avail deep insights of Distributed Cloud Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Distributed Cloud Market Overview
The distributed cloud market size is projected to reach USD 5.0 Billion by 2027, from USD 1.3 Billion in 2020 growing at a CAGR of 26.4% during 2021-2027. Factors driving the distributed cloud market include increased demand for low-cost data backup, storage and security across all industries, coupled with the need to manage data generated by increased use of mobile technologies and fostering distributed cloud adoption rates. The distributed cloud shifts the centralized model of most public cloud services to a new era in cloud computing. Furthermore, the need of high-end security and well-defined sharing are boosting the market growth during the forecast period 2020-2026.
- Data storage market held the highest market share xxx among the different services of the distributed cloud market in 2019. Low-cost data storage, faster data accessibility, adoption of cloud-based application across several industry verticals, growing concerns for data recovery & protection tends to penetrate the market growth during the forecast period.
- Banking and Financial Services is the dominant segment owing to the rising demand for agile, scalable, and cost-effective computing. Adding to this, the increasing number of digital services and their applications; and high penetration of hybrid cloud segment in the sector is enhancing the market growth.
- North America region dominated the distributed cloud market in 2019 due to high adoption of cloud services, advanced Information Technology (IT) infrastructure, presence of a large number of enterprises, and the availability of proficient technical expertise.
Services – Segment Analysis
The Distributed Cloud market is segmented into data storage, networking, data security, autonomy, low latency and others. Among these, the market for data storage is witnessing significant growth during the forecast period 2020-2025. The demand for data storage is attributed to the digitization of the documents as the paper-work is gradually becoming increasing. Moreover, with an increase in the adoption rate of cloud computing among enterprises, the cloud storage market is expected to gain major traction during the forecast period 2020-2025.
End User – Segment Analysis
Banking and Financial Services is the dominant segment which is witnessing a significant growth rate of around 30.4% during the forecast period 2020-2025. Data Security, confidentiality, data sharing, are enhancing the market growth owing to their widespread use in BFSI. Furthermore, distributed cloud model delivers innovative customer experiences, effective collaboration thus enhancing the market growth. Agile innovation, risk mitigation, cost benefits are the three factors that were identified by the British Bankers’ Association (BBA) in 2018 for the adoption of public cloud-based services by banks. Various transactions can be scanned per second thus improving the industry’s ability to warfare financial crime, such as fraud and money laundering. Distributed cloud provides a platform for optimizing the banking operations while delivering innovative services to the customer, which is consequently boosting the demand for the distributed cloud segment for the Banking and Financial services domain.
Geography – Segment Analysis
North America dominated the Global market for Distributed Clouds. As of 2019, the region accounted for a leading share of 38.7%. The main drivers of North America’s Distributed Cloud market growth include factors such as digitization, presence of a large number of enterprises, data security, data back-up and data recovery. Furthermore, increased application of cloud computing, internet of things (IOT) and so on are enhancing the market growth. Adding to this, industrial automation, improving the services to the customers for quicker queries and others are boosting the growth of the Distributed Cloud market.
Drivers – Distributed Cloud Market
- Data Recovery
Distributed systems involve services communicating through different machines. This is where message integrity, confidentiality and authentication is required. Distributed cloud provides the mechanism to keep the data secure and reliable. The mechanism includes encryption, authentication, authorization and auditing. Distributed system keeps the data even if the machine goes down. Therefore, the data recovery factor is analyzed to boost the market growth.
The paper work is becoming deceased and the world is rapidly moving towards digitization and this process is still going on. The significant penetration of digital systems in various industries results in the large databases. Both offline and online activities are recorded and shared in data form, forming huge datasets which include structured and unstructured data from disparate sources. The availability of cloud infrastructure has made data access easy, with governments, educational institutes, and companies now storing massive cloud datasets and easily accessing them thereby boosting the market growth.
Challenges – Distributed Cloud Market
- Security concerns
Security is a big challenge in a distributed environment, especially when using public networks if proper protocols and policies are not followed. This act as constraint and hinders the growth of the distributed cloud market. In 2010, Microsoft configured an issue related to accessing of employee contact details through non authorized users of cloud services. However they fixed the issue in two hours and only a small number of employee were affected.
Partnerships and acquisitions along with product launches are the key strategies of the players in the Distributed Cloud Market. As of 2019, the market for Distributed Cloud is consolidated with the top 10 players accounting for approximately x% of the market share. The major players in the Distributed Cloud Market include IBM Corporation, Oracle Corporation, SAS Institute Inc., SAP SE, Cisco Systems, Data Artisans, TIBCO Software Inc., Informatica, Impetus Technologies and Data Torrent among others.
- In December 2019, Cubbit Cell an Italian startup involved in the building of the distributed, secure, eco-friendly cloud solutions has concluded the crowd-funding campaign and started to manufacture the product Cubbit Cell, a distributed network, where the files are encrypted, copied and distributed across various nodes, thereby helping users in taking control of the free and distributed network of the data.
- In 2019, Google Cloud and banking software company Temenos collaborated to provide financial services help assistance to organizations for running banking software and applications on Google Cloud.
The base year for calculation in this Distributed Cloud Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This Distributed Cloud Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale Distributed Cloud Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.
What Porter’s Five Forces of Competitive Analysis Provides?
Competitive rivalry:- The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.
Threat of substitution:- Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.
Threat of new entry:- Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.
Supplier power:- An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.
Buyer power:- An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.
Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.
The country section of the report also provides individual market impacting factors & changes in regulation in the market domestically that impacts the current & future trends of the market. Data points such as consumption volumes, production sites & volumes, import export analysis, price trend analysis, cost of raw materials, down-stream & upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence & availability of global brands & their challenges faced due to large or scarce competition from local & domestic brands, impact of domestic tariffs & trade routes are considered while providing forecast analysis of the country data.
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