Cloud Computing Market Size, Growth Trends Analysis 2030

Benefits include the automation of business processes and the implementation of data protection measures. is a file-transferring platform that assists organizations in securely transferring files between various groups. The company strives to have fast service overall, which includes tasks like downloading, uploading and automation.

  • When we asked cloud companies what their Rule of 40 is for the calendar year of 2022, more than 70% of the respondents are sub Rule of 40.
  • Notably, of the 22 HR companies, 27% of those businesses raised $500 million to $1 billion, which is 16% higher  than the aggregate data set.
  • Tencent Cloud is one of the leading cloud providers in the world with a focus on helping global enterprises succeed in China.
  • With the Boomi AtmoSphere Platform, businesses can integrate suppliers and apps, manage APIs and customer experiences and master data through a data catalog.
  • NetApp’s private and public clouds help businesses manage and share data around the globe to achieve cost efficiency and innovation.

While cloud services assist businesses to increase company efficiency and cut costs, data kept in the cloud is vulnerable to cyber-attack. However, cyber-attacks disrupt corporate operations, limiting the growth of the cloud services market. Users deploy cloud services to save sensitive data about their business and personal activities over cloud-based platforms. However, concerns regarding data security and privacy, data loss, data breaches, unanticipated emergencies, application vulnerabilities, and internet cyber-attacks are projected to hamper the progress of cloud computing. This chart shows worldwide market share of leading cloud infrastructure service providers in Q2 2023. Nutanix is a cloud computing and virtualization service provider that offers an array of innovative solutions to businesses globally.

Workday: Best in Cloud Project and Resource Management

Workiva’s cloud-based platform comes with proprietary word processing, spreadsheet and presentation applications that help companies improve the collecting, reporting and analysis of their data. It also simplifies the creation of complex reports and helps users address compliance requirements. Hypori is an SaaS for businesses and federal agencies that provides virtual mobility technology.

global com cloud it company

According to Bessemer investors, this trend isn’t surprising given today’s macro environment, and it ties very closely to The BVP Nasdaq Emerging Cloud Index where about a third of public companies are Rule of 40+. While total funding trends indicate investor enthusiasm and traction, cash on the balance sheet represents runway and endurance for businesses. 9% of the Collaboration & Design category raised $1 billion or more, 5% higher than the percentage of the total survey set. 10% of the Fintech category raised $1 billion or more, 6% higher than the percentage of the total survey set. Interestingly, the Data Infrastructure category has the most bootstrapped businesses, a ~4%+ jump in comparison to the total survey set. 86% of the companies have a CEO that is also a founder of the business, whereas 14% of these cloud companies have a non-founder CEO.

NS1, an IBM Company

Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation’s focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. HPE offers a number of payment plans and options for its cloud computing and edge computing services. This list does not necessarily mean that all the below companies are profiled in the report. The report includes profiles of only the top 10 players based on revenue/market share.

The company’s tools include messaging, video and calling capabilities, all wrapped up within the RingCentral MVP platform. RingCentral also has customer service and call center tools that facilitate better user experiences to maintain productivity across small businesses and enterprises alike. Growing rapidly in recent years, the cloud has become a critical part of the digital infrastructure of many businesses, providing cost-effective and scalable solutions for their computing needs. Technology Magazine looks at the top 10 cloud infrastructure providers globally, based on their market share.

Top 10 Cloud Companies in the World by Market Capitalization

Based on type, the market is allocated into private cloud, hybrid cloud, and public cloud. The cloud, fundamentally a tool for cost and resource efficiency, has long enabled companies and countries to organize around digital-first principles. In addition, critical workloads such as payments, core processes, and insurance systems are moving to the cloud. This approach enables banks to move beyond financial reporting and profit and loss to leverage advanced data analytics to gain greater insight and plan more strategically. That’s partly because they over-rely on manual tagging, even when most companies don’t have perfect cost allocation tags.

global com cloud it company