Public cloud is the most recognizable model of cloud computing that is created by using pooled shared physical resources and is accessible over a public network such as the internet. As public clouds are capable of providing services to several clients using the same shared infrastructure, their use is being favored increasingly. Benefits such as the accessibility to cloud resources easily on demand from the public clouds’ vast pools of resource enables speedy and seamless response to fluctuations in activity. The employment of a pay-as-you-go charging model has further made the public computing market more lucrative.

Segmental Analysis

The public cloud market is segmented on the basis of service, cloud computing, industry, organization size, and region. The cloud computing segment of the market consists of cloud communication platform, cloud billing, cloud high-performance computing, cloud access security, and cloud infrastructure. The leading segment in cloud computing is Cloud Infrastructure which is expanding at a CAGR of 23.98 percent in the forecast period. By service, the market segment consists of SaaS, IaaS, and PaaS. Software as a service (SaaS) is dominating the market in the service segment in 2017 and is likely to grow with the fastest CAGR of 22.53 percent during the forecast period.

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Key Players: International Business Machines Corporation (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), Google (U.S.), Hewlett-Packard (U.S.), Salesforce.com (U.S.), Oracle Corporation (U.S.), VMware, Inc.(U.S.) , Cisco Systems, Inc. (U.S.), Verizon Wireless (U.S.), and Rackspace Inc. (U.S.)