Public Cloud Hosting: US accounts for 47% of all global revenue in 2020

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

Data presented by Buy Shares indicates that in 2020, the United States is set to account for almost half of the public cloud hosting revenue. According to the data, the US will account for 47.21% of the global revenue of $95.47 billion.

5 countries dominate the Public Cloud Hosting sector

The estimates show that the US revenue will be $45.08 billion. China comes a distant second with projected revenue of $5.45 billion or 5.7% of the global share.

Notably, Public Cloud Hosting is dominated by five major countries. The players account for a massive 63.1% of the total global revenue. The remaining part of the world controls a revenue of $35.32 billion.

In the next five years, the revenue from the Public Hosting Sector is set to grow 155.96% to $244.37 billion, from this year’s expected returns. By next year the revenue will stand at $141.41 billion.

The revenue projection comes in the wake of a pandemic that has impacted various sectors.

According to the research report:

- Advertisement -

“Just like other sectors, the coronavirus crisis had a significant impact on the Information Technology sector. The crisis crippled global economies due to the imposed lockdowns. Under the IT sector, the pandemic has caused disruptions in the electronics value chain posing a risk of product price hikes.

“At the same time, the disruption accelerated remote working culture and focus on evaluating the end-to-end value chain. Amid the health crisis, work environments that can be operated remotely are likely to benefit from cloud technology for a long period.”

Rapidly increasing digital transformation among different industries is expected to spur growth.

- Advertisement -
Public Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand SpurPublic Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Public Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand SpurPublic Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand Spur

Latest News

Court Convicts Unity Bank Plc Vault Room Manager

The Maiduguri Zonal Office of the Economic and Financial Crimes Commission, EFCC, has secured the conviction Adam kaka Adam,...

Here’s What You Need to Know About Local Digital Marketing for Franchises

As a franchisee, you get a lot more support in running your business than you would if your location was an independent brand, but...

Why businesses should ensure data privacy in vendor relationships – Andrew Bourne

Whether we realize it or not, we are being tracked everywhere we go on the Internet. In fact, Internet surveillance is so widely used...

Local Bourse Kick-Start December on a Positive Note, Gain 0.30% to Sustain Uptrend

The local bourse today (Tuesday) began the month of December on a positive note, as the market performance index, the ASI, gained 0.30% to...

Google launches People Cards to help Africans who want to be found on Google Search

1 December 2020 - Google today introduced a new mobile-only feature that makes people more discoverable on Google Search. People Cards allow people to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Public Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand SpurPublic Cloud Hosting: US accounts for 47% of all global revenue in 2020 - Brand Spur