The global consumer industry experienced a 52% drop in company filings mentions of cloud in Q2 2023 compared with the previous quarter, with the highest share accounted for by Haier Smart Home with 14% year-on-year decrease, according to GlobalData’s analysis of over 111 consumer company filings. The growing application of Cloud will prove to have a transformative impact on the consumer sector. GlobalData’s Cloud Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Cloud, market opportunity forecast and the competitive landscape. Buy the report here.

Notably, cloud was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of digitalization and easy & affordable, according to GlobalData.

Of the top leading companies in the consumer industry, Haier Smart Home had the greatest increase in references for cloud in Q2 2023, compared with the previous quarter. GlobalData identified 12 cloud-related sentences in the company's filings - 0.3% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Chow Tai Fook Jewellery Group’s mentions of cloud rose by 100% to 3 and Compagnie Financiere Richemont’s by 100% to 3 and Deckers Outdoor’s by 100% to 2 and J.M. Smucker’s by 100% to 2.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q2 2023 was 106.

To further understand GlobalData's analysis on Cloud Computing Market Size, Share, Trends, Analysis and Forecast by IT Infrastructure, Products and Services (Cloud Management Platforms, IaaS, SaaS, PaaS, Hybrid, Managed and Private Cloud Services), Region and Vertical, 2022-2026, buy the report here.

17 July 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.