Cloud Computing Market to Reach USD 791.48 Billion by 2028; Amazon Web Services (AWS), Oracle Corporation, IBM Corporation, Alibaba Group Holding Limited, Microsoft Corporation, VMware, Inc., Alphabet Inc. (Google LLC), Rackspace Technology, Inc., SAP SE,

The global cloud computing market size was USD 219.00 billion in 2020. The market is projected to reach from USD 250.04 billion in 2021 to USD 791.48 billion in 2028 at a CAGR of 17.9% during the 2021-2028 period.

According to our researchers, the market growth is majorly navigated by the increasing employment of progressive technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the growing fluctuation of enterprises towards cloud-based solutions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cloud-computing-market-102697

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭

Multiplying Cloud-based Solutions amid COVID-19 Pandemic to Support Growth

The ongoing coronavirus pandemic has affected majority countries across the globe. Government and organizations across numerous industries are broadly reliant on IT-associated solutions and services.

Recently, there is a significant upsurge in the demand for online live streaming platforms, such as Netflix, Amazon, Hulu, Spotify, and others, as most of the labor force is following the newly inflicted working schedule of ‘Work From Home’ (WFH) owing to lockdown limitations.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/cloud-computing-market-102697

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective.

The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for cloud computing in the near future.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

On the basis of type, the cloud computing market is fragmented into private cloud, hybrid cloud, and public cloud.

By service, the market is classified into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).

In terms of industry, the market is categorized into banking, financial services, & insurance (BFSI), government, IT & telecommunications, healthcare, consumer goods & retail, manufacturing, and others. Among the segments, IT & telecommunications is projected to show the largest share during the study period.

Geographically, the market is segmented across five major regions: North America, Latin America, the Middle East & Africa, Asia Pacific, and Europe.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

Incorporation of Big Data, AI, and ML with Cloud to Offer Motivation to Market Growth

The rising implementation of technologies such as big data, Artificial Intelligence (AI), Machine Learning (ML), and others are projected to fuel the growth of the market. These technologies alter the market setting, as it aids users in surveying, assessing, and envisaging the untreated data.

Moreover, implementing these developing technologies with cloud solutions would aid enterprises to augment their imagining capabilities and make complicated data available and serviceable. Therefore, these factors are expected to promote the cloud computing market growth during the mentioned timeframe.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

North America held the maximum market share in 2020, which was worth USD 78.28 billion and is expected to dominate the market in terms of revenue during the forecast period.

Asia Pacific is probable to exhibit sudden growth during the predicted period. The growth is owing to the increasing demand for cloud-based solutions across production and healthcare industries.

Europe is estimated to display a considerable CAGR during the forecast period. The growth is accredited to the growing start-ups, digital government ventures and supervisory environment, and rising adoption of cloud-based technologies.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cloud-computing-market-102697

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key Companies Focus on Inventive Cloud Computing Solutions to Reinforce Competition

Prime players such as Microsoft Corporation, IBM Corporation, Alibaba Group Holding Limited, Oracle Corporation, Amazon Web Services, and Apple, Inc. are fixated on advancing their prevailing product portfolio.

Moreover, these companies are now emerging and delivering cloud-based solutions with inventive technologies such as AI, ML, and others to refine their products and offer augmented solutions to their users.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭

May 2020: Microsoft Corporation presented industry-specific Microsoft cloud for healthcare organizations and streamlined communications and amplified workflow proficiency. Additionally, this involves data analytics for both unstructured as well as structured data.

𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 -https://www.fortunebusinessinsights.com/checkout-page/102697

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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