Press release
Comprehensive Market Analysis on Cloud Computing Services Market projected to reach USD 721.7 Billion by 2030 | CAGR of 7.1% | Forecast period 2023-2030, published by MarketDigits
Cloud Computing Services Market Scope:Market size value in 2023 - USD 395.9 Billion
Market size value in 2030 - USD 721.7 Billion
CAGR (2023-2030) - 7.1%
Forecast Period - 2023-2030
Segments Covered - Service Type, Deployment, Distribution Channel, and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Amazon Web Services, Inc., pCloud International AG, Cloudways Ltd., Alibaba Cloud, SAP SE, Workday, Inc.
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Browse in-depth TOC on Cloud Computing Services Market
178-Tables
95-Figures
340-Pages
North America dominates the market for Cloud Computing Services.
The Cloud Computing Services Market is predominantly led by North America, where the U.S. business sector places a strong emphasis on digital transformation. Recognized as early adopters, U.S. companies integrate technologies like big data analytics, augmented reality, artificial intelligence, virtual reality, machine learning, 4G, 5G, and LTE. The continual embrace of diverse technologies contributes to the sector's expansion. With multiple suppliers like Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and Amazon.com Inc., North America is poised to maintain its market dominance due to the robust presence of these industry leaders.
Asia-Pacific region is propelled by growing economies and a surge in digital transformation efforts. Nations such as China, India, and Japan observe a mounting need for cloud services, developing a competitive environment where local providers and global industry leaders vie for prominence. Government initiatives and a growing tech-savvy population significantly contribute to the accelerated adoption of cloud services in the region, marking a pivotal shift in the technological landscape.
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Top Key Players Covered in the Report-
Alibaba Cloud, Amazon Web Services, Inc., Cloudways Ltd., Google LLC, IBM, Microsoft, Oracle, pCloud International AG, Salesforce, Inc., SAP SE, Workday, Inc., and Others.
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Recent Developments
In March 2024, Leidos, a prominent Fortune 500 innovation firm, has unveiled a pioneering Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), establishing a novel standard for innovation and effectiveness in the public sector and specific commercial markets. Steve Hull, President of Leidos' Digital Modernization Sector, emphasized the partnership's dedication to maximizing the potential of AWS's cloud computing and enterprise data management services to elevate customer solutions.
https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-cloud-computing-services-market-projected-to-reach-usd-7217-billion-by-2030
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MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
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