Cloud Computing Market is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.
Cloud computing enables businesses to store, manage, and process vital data on remote computers that are hosted online. A few factors influencing the growth of emerging technologies include the rising focus on delivering customer-centric applications to increase customer satisfaction, the rising volume of data generation in websites and mobile apps, and the growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). Global demand for cloud computing is increasing as a result of emerging technologies like big data, AI, and machine learning (ML). Cloud computing services are expanding due to important aspects such data security, quicker Disaster Recovery (DR), and meeting compliance standards.
Emerging technologies like artificial intelligence (AI) and machine learning make it possible for businesses to use AI capabilities, which promotes cloud expansion. The COVID-19 pandemic has emerged as a major threat to the world economy. Cloud computing can assist businesses in overcoming the obstacles to company continuity posed by lockdown, work-from-home, social isolation, and other market mandates. However, remote working has become the newest trend and is anticipated to last in the long run as companies, managers, and individuals continue to choose it as a result of the pandemic.
Emerging technologies like artificial intelligence (AI) and machine learning make it possible for businesses to use AI capabilities, which promotes cloud expansion. The COVID-19 pandemic has emerged as a major threat to the world economy. Cloud computing can assist businesses in overcoming the obstacles to company continuity posed by lockdown, work-from-home, social isolation, and other market mandates. However, remote working has become the newest trend and is anticipated to last in the long run as companies, managers, and individuals continue to choose it as a result of the pandemic.
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Major Players in Cloud Computing Market Service (Software, Infrastructure, Platform) market are:
Rackspace
VMware
Salesforce
Microsoft
Google
Amazon
IBM
Citrix
Most important types of Cloud Computing Market Service (Software, Infrastructure, Platform) products covered in this report are:
Free
Non-free
Most widely used downstream fields of Cloud Computing Market Service (Software, Infrastructure, Platform) market covered in this report are:
Government sector
Defense sector
Education and Academia sectors
BFSI sector
IT sector
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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