Cloud Continuum Market

Market Overview:

The global cloud continuum market is expected to exhibit a growth rate (CAGR) of 14.94% during 2023-2028.

Cloud continuum refers to the seamless integration of multiple cloud capabilities and services, including data centers, and private-, public-, hybrid-, and multi-clouds. Some of the common key technologies integrated with cloud continuum, include SaaS, IaaS, PaaS, Big Data analytics, AI and hyper-automation, quantum computing, etc. It provides several benefits to the organizations, such as cost reduction, increased speed-to-market, continuous innovations, and quicker growth with cross- and up-selling. Additionally, cloud continuum also helps businesses to select the best kinds of cloud services and technology and make the most of their capabilities.

Cloud Continuum Market Trends:

The significant growth in the IT industry coupled with the increasing need for advanced solutions to efficiently manage complex and multi-cloud strategies for enterprises with diverse operations is primarily driving the global cloud continuum market. Moreover, the escalating popularity of cloud continuum owing to its several benefits, including agility, innovation, business focus, scalability, etc., is also stimulating the market growth. In addition to this, the emerging trend of remote and hybrid working modules during the COVID-19 pandemic has resulted in an increased requirement for cloud continuum services to enable easy data sharing among users, thereby propelling the global market. Furthermore, the growing penetration of hybrid cloud architecture is catalyzing the utilization of cloud continuum to minimize complexities while interconnecting heterogeneous networks and storage devices with reduced manual errors. Additionally, the widespread adoption of multi-access edge computing (MEC), which offers cloud resources at the edge of the network with low latency and high bandwidth, is acting as a significant growth-inducing factor. Apart from this, the introduction of hyperconverged infrastructure and specialized hardware that aid in the faster processing of data in an efficient manner is also bolstering the market growth. Numerous other factors, including the launch of high-speed 5G network and the implementation of various government initiatives promoting digitalization, are anticipated to fuel the global cloud continuum market in the coming years. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud continuum market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, enterprise size and industry vertical.

Breakup by Technology:

• Cloud-based Services
• Real-time Data Analysis
• AI and Automation
• Internet of Things (IoTs)
• Security
   

Breakup by Enterprise Size:

• Large Enterprises
• Small and Medium-sized Enterprises
   

Breakup by Industry Vertical:

• BFSI
• Healthcare
• IT and Telecommunications
• Government
• Retail
• Manufacturing
• Agriculture
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: