#Cloud #Computing #Market #Size #USD #Billion #CAGR
New York, US, Oct. 11, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Cloud Computing Market Research Report: By Service Model, By Deployment, By Organization Size, By Vertical – Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 1738.44 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 18.53% during the assessment timeframe.
Cloud Computing Market Overview:
The cloud computing market is growing rapidly across the globe. The increasing adoption of cloud computing in various small, medium, and large enterprises is a key driving force defining the growing market landscape. Also, the proliferation of IoT boosts the market size, providing opportunities for seamless integration. The increased focus on connectivity quality drives the expansion of the communications infrastructure sector.
Players leading the global cloud computing market are-
- SAP SE
- Microsoft Corporation
- Alphabet Inc
- Cisco Systems, Inc.
- Oracle Corporation
- Salesforce.com, Inc.
- IBM Corporation
- VMware, Inc.
- Alibaba Group Holding Ltd.
- Rackspace Inc.
- Dell EMC Corp.
- Adobe Systems Inc.
- TIBCO Software Inc.
- SAS Institute Inc
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The increasing data usage and rapidly evolving connectivity services with higher symmetry, reliability, and latency are vital for many industries. Increasing demand for transformational payment modes and technological advances provide ample growth opportunities.
Several enterprises are moving their business process services and system infrastructure, including applications & infrastructure software, to the cloud. This shift gained real momentum in 2020 and 2021 when many businesses accelerated their digital transformation tasks to respond to issues created by the pandemic. The spurting increase in data digitization provides significant impetus to…
Read on GNW: Cloud Computing Market Size USD 1738.44 Billion at a CAGR
