Cloud Engineering Market Overview, Growth, and Trends (2021-2031)

The cloud engineering market is expected to register a CAGR of 17.8% during 2023–2031. Technological advancements such as AI, ML and edge computing are likely to remain a key trend in the market.

Cloud Engineering Market Analysis

• The cloud engineering market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
• The cloud engineering market is growing owing to factors such as increasing adoption of cloud based deployment models, growing investment in data, increasing growth of mobile devices and the adoption of the Internet of Things (IoT), which generate a large amount of data that needs to be processed.
• Rising demand for multi and hybrid cloud solutions to provide lucrative opportunities for the cloud engineering market.

Cloud Engineering Market Overview

• The adoption of the technology has a considerable impact on enterprises, particularly in the media, entertainment, financial services, and communication sectors.
• Cloud engineering has proven crucial in helping startups modernize and optimize their infrastructure. Cloud engineering is the discipline of designing, implementing, and managing complex computing systems and infrastructure in cloud environments.
• To create and manage cloud-based apps and services, cloud engineers use a variety of technologies, such as serverless computing, virtualization, containerization, and distributed systems.

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Cloud Engineering Market: Strategic Insights

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Cloud Engineering Market Drivers and Opportunities

Increasing Adoption of Cloud-Based Deployment Models to Favor Market

• The adoption of cloud computing has gained huge traction in recent years with key players such as Amazon, Google, and Microsoft.
• Cloud computing has altered the way enterprises use, store, and share data and information. The majority of organizations worldwide accept cloud services as a viable IT deployment model.
• The most popular rationale for cloud adoption continues to be the flexibility and data security of the cloud as a delivery platform. Many businesses have already migrated to one or more cloud services, influencing others to uptake the cloud to gain a competitive advantage.
• For instance, in July 2021, Amazon Web Services (AWS), which is Amazon's cloud computing business, launched its cloud solutions in Bahrain, making it the first country in the Middle East. Through the debut of its services in this region, the corporation is focused on tapping into the technical potential of Middle Eastern businesses.

Rising Demand For Multi And Hybrid Cloud Solutions

• With advancements in cloud computing and increasing demand for hybrid and multi-cloud environments, the IT landscape will continue to shift and evolve. Hybrid cloud refers to the combination of public cloud and on-premises infrastructure. Multi-cloud computing, on the other hand, is the use of multiple public cloud providers.
• Increasing adoption of hybrid and multi-cloud solutions is a significant trend in the IT industry. These strategies offer several benefits that can help businesses to improve their flexibility, resilience, scalability, and cost savings. In the past few years, the adoption of hybrid and multi-cloud infrastructure has accelerated exponentially.
• A recent survey by Dataversity Digital LLC suggested that 98% of companies on the public cloud have already planned to switch to a multi-cloud architecture. Furthermore, according to the 2022 Global Hybrid Cloud Trends Report, 82% of organizations have adopted a hybrid cloud. In the coming years, we will witness more companies shifting toward hybrid and multi-cloud environments.

Cloud Engineering Market Report Segmentation Analysis

Key segments that contributed to the derivation of the cloud engineering market analysis are service type, service models, organization size and industry vertical.

• By service type, the market is bifurcated into consulting and design, cloud storage, training and education, DevOps, integration and migration, and cloud security.
• By service models, the market is bifurcated into infrastructure-as-a-service, platform-as-a-service, and software-as-a-service.
• By organization size, the market is bifurcated into large enterprises small and medium-sized enterprises.
• By industry vertical, the market is bifurcated into BFSI, IT and telecom, manufacturing, healthcare, retail, and others.

Cloud Engineering Market Share Analysis by Geography

• Cloud engineering market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering cloud engineering market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the cloud engineering market in these regions.

Cloud Engineering Market Regional Insights

The regional trends and factors influencing the Cloud Engineering Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Cloud Engineering Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Cloud Engineering Market Report Scope

Cloud Engineering Market Players Density: Understanding Its Impact on Business Dynamics

The Cloud Engineering Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Cloud Engineering Market News and Recent Developments

The cloud engineering market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud engineering market are listed below:

• Calsoft, a leading provider of digital innovation and transformation services with a technology-first approach, had announced its partnership with Octopai, the only platform that can instantly navigate through the most complex data landscapes. This partnership aims to revolutionize Data Flow Analysis and Metadata Management. (Source: Calsoft Inc, Press Releases, July 2023)
• Nitor Infotech has announced a partnership with Finbot, a dynamic company of blockchain-agnostic SaaS products that helps businesses accelerate their digital transformation journey via Blockchain. This partnership aims to leverage customized Blockchain solutions for a sustained ROI for highly regulated sectors in North America, specifically in areas where complex supply chains are pivotal to business growth. (Source: Nitor Infotech, Press Release, November 2022)
• Trianz, the digital transformation software and technology services firm, had announced a partnership with Workato, a leader in enterprise automation, integration, and AI. This partnership will provide Trianz clients access to Workato's intelligent automation platform to drive transformation faster and more efficiently. (Source: Trianz, Press Releases, August 2023)

Cloud Engineering Market Report Coverage and Deliverables

The “Cloud Engineering Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Cloud engineering market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Cloud engineering market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Cloud engineering market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the cloud engineering market
• Detailed company profiles