Cloud-enabling Technology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Cloud-enabling Technology Market is segmented by Deployment Type (Public and Private, Hybrid), Service Model Type (Platform-a- a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure as a Service (IaaS)), Technology Type (Broadband Networks and Internet Architecture, Data Center Technology, Virtualization Technology, Web Technology, and Multitenant Technology), End-user Industry (Banking, Financial Services, and Insurance (BFSI), Manufacturing, Healthcare and Retail, and Telecom and IT), and Geography.

Market Snapshot

cloud enabling technology market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.26 %

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Market Overview

The Cloud-enabling Technology market was valued at USD 28.68 billion in 2020 and is expected to reach USD 46.17 billion by 2026, at a CAGR of 8.26% over the forecast period 2021 - 2026. The growing scope of IoT and Big Data analytics necessitate better automation for the efficient functioning of business operations. Hence, the cloud-enabling technology plays a crucial role in proper functioning.

  • The new and advanced cloud technology services allow thousands of customers to use related resources by helping companies to decrease their expenses. Cloud enables technology to adjust quickly to the changing landscape and presents the new changes needed. These factors help the organizations to focus on their core competency, which in turn, result in their overall growth. Therefore, this factor acts as a positive outlook on the cloud-enabling technology market.
  • Further, the private cloud deployment model is an on-demand configurable supply of shared computing devices allocated within a public cloud environment for providing a sound level of privacy between different organizations that are using the resources. This factor is fueling the gorwth of the cloud-enabling technology market.
  • However, on the other hand, security concerns over securing data are hindering the growth of this segment. This factor is expected to be a restraint for this market during the forecasted period.

Scope of the Report

Cloud-enabling technology is the use of computing resources that are delivered to customers with the help of the internet. Cloud-computing technologies are proliferating across various sectors, such as energy and power, oil and gas, buildings and construction, transport, communication, etc. The rising penetration of automation across various verticals to enhance productivity is the major factor intensifying the need for cloud computing in the market. Further, owing to the increasing demand for data consumption, data analysis, and storage and security, the cloud-enabling technologies are further expected to witness tremendous growth potential.

By Deployment Type
By Service Type
Platform-as- a-Service (PaaS)
Software-as-a-Service (SaaS)
Infrastructure-as-a-Service (IaaS)
By Technology Type
Broadband Networks and Internet Architecture
Data Center Technology
Virtualization Technology
Web Technology
Multitenant Technology
By End-user Industry
Banking, Financial Services, and Insurance (BFSI)
Telecom and IT
Other End-user Industries
North America
United States
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Cloud Data Centre to Offer Potential Growth

  • Cloud data centers are at the center of modern software technology and serve a critical role in the expanding capabilities for enterprises. The shift from office-based work to working on the move is creating a huge demand for cloud-based data center than the traditional data center.  
  • Further, businesses thrive on data. They require information about their customers and habits, their performance, their sales and promotions, the current market they compete in and much more. Through advanced IT services and solutions, the companies now rely on data center services and cloud computing to support and optimize business applications. In retail, specifically, they generally serve the purpose of handling the flow of data.
  • With the benefits provided by the data centers, such as scalability, they can instantly handle the changes in web-traffic and the needs of the business. With proper configuration, this can happen quickly with little to no interruptions faced by the customers. For instance, when Amazon kicked off its Prime Day event, the shoppers purchased more than 100 million products from the site. The data centers make such traffic upticks possible by facilitating smooth transactions for the customers. 
  • The above factors contribute to the growth of the cloud data centers in different organizations.
cloud enabling technology market

North America to Lead the Market

  • Cloud computing business is projected to witness a healthy expansion in the near future, in terms of adoption and revenue. The increasing investment by the organization in IT infrastructure and cloud services, as well as the promotion of Cross Border Privacy Rules (CBPR) by the United States, are expected to expand the opportunities for the US market.
  • Further, the higher internet penetration in this region is also likely to accord in the expansion of cloud-based services market in the region, which in return, is expected to create a market for the cloud-enabling technologies. About 93% of the population in Canada have access to the internet. Owing to the strict data policies, the Canadian government is storing data in-country and are forcing the international and the US companies to establish their operations and data centers in Canada.
  • Moreover, the presence of leading vendors of cloud computing in North America as well as the growing adoption of personal cloud services by these companies across the world are the factors supporting the augmentation of the North American cloud computing market.
  • The growth of cloud computing in North America is expected to supplement the growth of cloud-enabling technologies market. Hence, North America is expected to dominate the market.
cloud enabling technology market

Competitive Landscape

The cloud-enabling technologies market is highly fragmented and competitive, owing to the presence of several international players. With the increasing number of technological advancements and innovations,  mergers and acquisitions, and strategic partnership, the market competition is expected to intensify. Some of the key players are IBM Corporation, Tata Consultancy Services Limited, Fujitsu Ltd, etc., among others. 

  • June 2018 - IBM and CA Technologies partnered for product innovation in the cloud and DevOps landscape. With this partnership, it will help the clients to develop, test, and monitor applications in the mainframe.
  • February 2018 - Cisco and Google collaborated to extend their cloud computing capabilities over the hybrid cloud collaboration. Cisco has further added that the ability to run applications will help preserve the existing infrastructure while extending the cloud services.

Major Players

  1. International Business Machines Corporation

  2. Microsoft Corporation

  3. Fujitsu Ltd

  4. Tata Consultancy Services Limited

  5. Amazon Web Services

cloud enabling technology market

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increase in the Adoption of Cloud Deployment Services

      2. 4.3.2 Focus on Business Productivity

    4. 4.4 Market Restraints

      1. 4.4.1 Data Security and Privacy

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry



    1. 6.1 By Deployment Type

      1. 6.1.1 Public

      2. 6.1.2 Private

      3. 6.1.3 Hybrid

    2. 6.2 By Service Type

      1. 6.2.1 Platform-as- a-Service (PaaS)

      2. 6.2.2 Software-as-a-Service (SaaS)

      3. 6.2.3 Infrastructure-as-a-Service (IaaS)

    3. 6.3 By Technology Type

      1. 6.3.1 Broadband Networks and Internet Architecture

      2. 6.3.2 Data Center Technology

      3. 6.3.3 Virtualization Technology

      4. 6.3.4 Web Technology

      5. 6.3.5 Multitenant Technology

    4. 6.4 By End-user Industry

      1. 6.4.1 Banking, Financial Services, and Insurance (BFSI)

      2. 6.4.2 Manufacturing

      3. 6.4.3 Healthcare

      4. 6.4.4 Retail

      5. 6.4.5 Telecom and IT

      6. 6.4.6 Other End-user Industries

    5. 6.5 Geography

      1. 6.5.1 North America

        1. United States

        2. Canada

      2. 6.5.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Rest of Europe

      3. 6.5.3 Asia-Pacific

        1. Japan

        2. China

        3. India

        4. Rest of Asia-Pacific

      4. 6.5.4 Latin America

      5. 6.5.5 Middle East & Africa


    1. 7.1 Company Profiles

      1. 7.1.1 BMC Software Inc.

      2. 7.1.2 Broadcom Inc. (CA Technologies)

      3. 7.1.3 Citrix Systems Inc.

      4. 7.1.4 Hewlett Packard Enterprise Development LP

      5. 7.1.5 Google LLC

      6. 7.1.6 IBM Corporation

      7. 7.1.7 Tata Consultancy Services Limited

      8. 7.1.8 Domo Inc.

      9. 7.1.9 Adaptive Computing

      10. 7.1.10 Fujitsu Ltd

      11. 7.1.11 Oracle Corporation

      12. 7.1.12 Dell Technologies

      13. 7.1.13 Microsoft Corporation

      14. 7.1.14 Amazon Web Services

    2. *List Not Exhaustive


**Subject to Availability
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Frequently Asked Questions

The Cloud-enabling Technology Market market is studied from 2018 - 2026.

The Cloud-enabling Technology Market is growing at a CAGR of 8.26% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

International Business Machines Corporation, Microsoft Corporation, Fujitsu Ltd, Tata Consultancy Services Limited, Amazon Web Services are the major companies operating in Cloud-enabling Technology Market.

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