Global Cloud Computing Market Size Is Estimated To Secure A Market Value Of US$ 482 Billion In 2022

A recently published Fact.MR report on the global cloud computing market estimates that the industry is expected to secure a value of US$ 1,949 Bn by 2032 while expanding at a CAGR of 15% in the forecast period from 2022 to 2032. Rapid digitization of workplaces and the growing demand for SaaS-based solutions are further broadening prospects.

As business operations continue to expand, business entities are looking to leverage the most economical yet highly effective information storage and assimilation capabilities. Hence, there is extensive reliance on IaaS, SaaS and PaaS based solutions, providing significant impetus to market growth for cloud computing.

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Key Takeaways from the Market Study

The global cloud computing market to secure a value of US$ 482 Bn in 2022
Cloud computing solutions to accumulate 40% of global revenue in North America
Asia Pacific to exhibit a CAGR of 18% with regard to cloud computing solutions
By enterprise size, large enterprises to accumulate 55% revenue in 2022
Cloud computing solutions for the BFSI industry to emerge strongest, procuring 1/4th of global revenue

Segmentation of Automatic Waste Collection System Industry Research

By End Use

Cloud Computing for IT & Telecom
Cloud Computing for Government & Public Sector
Cloud Computing for Energy & Utilities
Cloud Computing for Retail & Consumer Goods
Cloud Computing for Manufacturing
Cloud Computing for BFSI
Cloud Computing for Healthcare
Cloud Computing for Media & Entertainment
Cloud Computing for Other End Uses

By Deployment

Public Cloud Computing
Private Cloud Computing
Hybrid Cloud Computing
Based on Service
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)

By Enterprise Size

Cloud Computing for Large Enterprises
Cloud Computing for Small & Medium Enterprises

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Competitive Landscape

The players of the global cloud computing market are taking several initiatives to expand their global reach and spearhead the market. Acquisitions, partnerships, and collaborations are some of the most practices to intensify their market presence. Some of the recent developments among the key players are:

In February 2022, IBM announced its plan to team up with SAP to offer technology and expertise to clients to adopt a hybrid cloud approach and move mission-critical workloads from SAP solutions to the cloud for regulated and non-regulated industries.
In October 2020, Microsoft Corporation announced its partnership with ZEISS Group to offer better care to patients and enhance manufacturing quality through data solutions. As per the partnership, ZEISS Group adopted Microsoft Azure as its cloud platform to provide digital experiences to its German counterpart.
In January 2020, IBM Corporation disclosed the launch of Advertising Accelerator with Watson. It is a predictive solution that uses AI and benefits Watson by providing campaigns that could help marketers and advertisers in understanding the customers' preferences.

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After reading the Cloud Computing Market report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Cloud Computing Market revenue.
Study the growth outlook of the global Cloud Computing Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Cloud Computing Market growth.
Investigate the recent R&D projects performed by each Cloud Computing Market player.

The Cloud Computing Market report answers important questions which include:

What does the status of the Cloud Computing Market look?
Cloud Computing Market look like after the forecast period?
Which region has the highest contribution to Cloud Computing Market and why?
Which players remain at the top of the Cloud Computing Market Outlook?
What opportunities are available for the Cloud Computing Market players to expand their production footprint?
Which segment has the maximum impact on Cloud Computing Market?
Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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