Cloud Computing Market Share, Analysis and Forecast till 2028 | Key Players Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Amazon.com Inc., Oracle Corporation

Global Cloud Computing Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Cloud Computing Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Cloud Computing market and provides information regarding the revenue for the period 2022 to 2028.

The latest citations reveal that global cloud computing marketplace is poised to gain significant traction and record a CAGR of 15% during 2022-2028.

It is worth noting that increasing demand for tools from cloud-based businesses, substantial returns on investment given the minimal storage & infrastructure costs, and rising inclination of enterprises toward automation are the prominent factors fueling worldwide cloud computing market profitability.

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Furthermore, proliferation of digital content and surging penetration of the internet is bound to act as a catalyst in amplifying revenue flow for the market in the ensuing years.

Citing an instance, statistics available from the International Telecommunication Union highlight that there is a notable increase in the number of internet users from 43% in 2016 to 63% in 2021.

For deeper comprehension of the current situation and to give the stakeholders a better outlook on the growth prospects for the projected timeline, the marketplace is bifurcated in terms of deployment model, end-use, and service model.

Based on service model, the Software-as-a-Service (SaaS) vertical of global cloud computing market is estimated to account for a prominent share over the analysis timeline, owing to benefiting factors such as ease of deployment, low cost of ownership & maintenance.

VMware Inc., SAP SE, Salesforce.com Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise, Cisco Systems Inc., Amazon.com Inc., Alphabet Inc. (Google Inc.) and Adobe Inc. are the key companies that are vying to set a benchmark in global cloud computing market sphere.

Speaking of deployment model, the hybrid segment is estimated to showcase promising growth through 2028, ascribed to rising preference toward hybrid cloud-based solutions to increase production capacity and minimize operational costs across SMEs.

Considering end-user scope, the BFSI sector is poised to account for a considerable valuation by the end of the study period.

From a geographical frame of reference, North America marketplace is expected to accumulate notable profits over the forecast duration, owing to early adoption of technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and robotics among others, as well as the presence of prominent players in the region.

Questions and Answers: - Global Cloud Computing Market

Question 1. What are the major factors driving global cloud computing market growth?

Answer 1. Increasing demand for tools from cloud-based businesses, substantial returns on investment given the minimal storage & infrastructure costs, and rising inclination of enterprises toward automation are the prominent factors fueling worldwide cloud computing market profitability.

Question 2. Why is North America industry a profitable avenue for global cloud computing market expansion?

Answer 2. Early adoption of technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and robotics among others, as well as the presence of prominent players in the region are the major factors making North America a profitable avenue global cloud computing market expansion.

Question 3. Which are the key players influencing global cloud computing market trends?

Answer 3. VMware Inc., SAP SE, Salesforce.com Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise, Cisco Systems Inc., Amazon.com Inc., Alphabet Inc. (Google Inc.) and Adobe Inc. are the key players influencing global cloud computing market trends.

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