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Distributed Cloud Market: New Product Launches to Raise Demand

As per the report published by The Brainy Insights, the global distributed cloud market is expected to grow from USD 3.36 billion in 2022 to USD 13.41 billion by 2030, at a CAGR of 18.89% during the forecast period 2022-2030. The North American region emerged as the largest market for the global distributed cloud market, with a 44.32% share of the market revenue in 2022. The advanced information technology (IT) infrastructure and increasing penetration of hybrid cloud propel the market’s growth in this region. Furthermore, the presence of developed economies like the U.S. and Canada and many enterprises are helping to drive market growth in this region. In addition, the Asia Pacific region is expected to show the fastest CAGR growth over the projection period due to the increasing adoption of cloud technologies and the rapid rise of China and India.

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Distributed Cloud Market Size by Application (Intelligent Transportation, Edge Computing, Content Delivery, and Others), Type (Volunteer Cloud Computing and Public-Resource Computing), Enterprise Size (SMEs and Large Enterprises), Industry Vertical (Government & Defense, BFSI, Healthcare, Media & Entertainment, Retail & E-commerce, Manufacturing, Energy & Utilities, IT & Telecom, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include Microsoft, IBM, Google, Alibaba Cloud, AWS, Teradata, VMware, Commvault, Oracle, Cohesity, F5, Wind River Systems, Cubbit, Commvault, PhoenixNAP, Panzura, Pluribus Networks, SCC, Zededa, Hazelcast, Anyscale, Platform9 and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The application segment is divided into intelligent transportation, edge computing, content delivery, and others. The edge computing segment led the market with a market share of 31.11% in 2022. This growth is attributed to the increasing number of intelligent applications adopting distributed cloud. The type segment is divided into volunteer cloud computing and public-resource computing. The public-resource computing segment led the market with a market share of 57.18% in 2022. This growth is attributed to the rising usage of cloud-based applications in increasing numbers of businesses for data storage. The enterprise size segment is divided into SMEs and large enterprises. The large enterprise segment led the market with a market share of 56.15% in 2022. This growth is attributed to the increasing number of large enterprises in developed and developing countries. The industry vertical segment is divided into government & defense, BFSI, healthcare, media & entertainment, retail & e-commerce, manufacturing, energy & utilities, IT & telecom, and others. The BFSI segment led the market with a market share of 19.21% in 2022. This growth is attributed to the high penetration of hybrid cloud and an increasing number of digital services.

The need for network scalability to meet business requirements and the growing need for digital transformation propel the distributed cloud market’s growth. Further, the ever-increasing focus on enhancing user experience and the necessity of high-end security and well-defined sharing is helping to stimulate the distributed cloud market growth during the forecast period. Moreover, the increasing internet usage and the deployment of cloud servers are propelling the market growth during the forecast period.

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