North America region to dominate the Distributed Cloud Computing Market through 2026
Growing trend of adoption of
digitization across prominent industry verticals and rise in focus for low-cost
cloud services is expected to drive the demand for global distributed cloud
computing market in forecast period.
According to TechSci Research report, “Global Distributed
Cloud Computing Market By Services (Data Storage, Networking, Data Security
and Others), By End-Use (BFSI, IT & ITeS, Telecommunications, Government,
Healthcare, Retail and Others), By Region, Competition Forecast &
Opportunities, 2026”, the global distributed cloud computing market is
expected to witness the growth of steady CAGR in the forecast period,
2022-2026. Distributed systems involve the services involving different
machines and generate the need for data confidentiality, authentication, and
message integrity. Distributed cloud provides the system with the facility of
authentication, auditing, encryption, and authorization and can keep the data
secure even if the machine stopped working owing to the occurrence of any
unwanted circumstances. Growing demand for data security, data sharing, and
confidentiality among several industry verticals is driving the demand for
distributed cloud computing models in the next five years. The rise in the
number of cyber-crimes and fraudulent activities and the ability to scan
several transactions per second is expected to lower the occurrence of
financial crime. The adoption of distributed cloud computing in financial
intuitions while delivering an enhanced experience to customers is expected to fuel
market growth. Industries are implementing automation technology to answer the
queries of consumers rapidly and efficiently. The increasing demand for
internet of things technology owing to the need for real-time monitoring and
analysis generates a large volume of data thereby is expected to fuel the
demand of distributed cloud computing market in the next five years. The
expected roll-out of 5G technology and the high demand for advanced consumer
electronics is influencing the market demand.
However, the rise in security and privacy concerns may
restrain the growth of the distributed cloud computing market.
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Global
distributed cloud computing market is segmented into services, end-use,
regional distribution, and company. Based on the services, the market can be
divided into data storage, networking, data security, and others. The data
storage segment is expected to dominate the distributed cloud computing market
in the forecast period, 2022-2026. The growing demand for low-cost data storage
services along with the facility for faster data accessibility is influencing
the demand for distributed cloud computing services. The rise in concerns
regarding data protection and recovery options is contributing to the higher
adoption of distributed cloud computing services in organizations. Based on the
end-use, the market can be divided into BFSI, IT & ITeS,
telecommunications, government, healthcare, retail, and others. The BFSI
end-use segment is expected to account for major market share in the next five
years. The surge in demand for cost-effective cloud computing services in
addition to the scalable and agile data storage system to store confidential
information in the systems is contributing to increasing the distributed cloud
computing market growth. The high penetration of the hybrid cloud segment and
the growing adoption of digital services and applications is accelerating the
adoption rate of distributed cloud computing services in the BFSI industry.
IBM
Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, Amazon Web
Services, Inc., VMWare, Inc., Verizon Communications, Inc., Alibaba Cloud, SAP
SE are the leading players operating in global distributed cloud computing
market. Service Providers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several distributed cloud
computing providers are coming up with their technologically advanced
offerings.
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“The
rise in the disposable income of the consumers and the growing automotive
industry is increasing the demand for integration of automation technology to
provide an enhanced experience of consumers is influencing the demand of
distributed cloud computing market. Implementation of advanced and smart
products along with sensors is generating a significant amount of data along
with the growing adoption of upcoming technologies such as artificial
intelligence, machine learning, internet of things, among others to upgrade the
performance and efficiency of vehicles is fueling the demand for the
distributed cloud computing market. High-end investments by the market players
for technological advancements along with the increasing demand for lower
information technology cost is contributing to accelerate the distributed cloud
computing market growth till 2026.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Distributed Cloud
Computing Market By Services (Data Storage, Networking, Data Security and
Others), By End-Use (BFSI, IT & ITeS, Telecommunications, Government,
Healthcare, Retail and Others), By Region, Competition Forecast &
Opportunities, 2026” has evaluated the future growth potential of global distributed
cloud computing market and provided statistics & information on market
size, shares, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the of global distributed
cloud computing market.
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