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Cloud Continuum Market Report by Technology (Cloud-based Services, Real-time Data Analysis, AI and Automation, Internet of Things (IoTs), Security), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (BFSI, Healthcare, IT and Telecommunications, Government, Retail, Manufacturing, Agriculture, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6253
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Market Overview:
The global cloud continuum market size reached US$ 3.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.45% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 3.9 Billion |
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Market Forecast in 2032
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US$ 12.0 Billion |
| Market Growth Rate 2024-2032 | 13.45% |
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 2024-2032. Our report has categorized the market based on technology, enterprise size and industry vertical.
Breakup by Technology:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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:
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- 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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Technology, Enterprise Size, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global cloud continuum market to exhibit a CAGR of 13.45% during 2024-2032.
The rising popularity of cloud continuum, as it offers several benefits, such as agility, innovation, business focus, scalability, etc., is primarily driving the global cloud continuum market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of cloud continuum services for enabling easy data sharing among users, during the remote working scenario.
Based on the enterprise size, the global cloud continuum market can be bifurcated into large enterprises and small and medium-sized enterprises. Currently, large enterprises hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
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