Evolving Market Trends In The Cloud Computing Industry: Revolutionizing Multi-Cloud Connectivity And Optimization

"The Cloud Computing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Cloud Computing Market Size During the Forecast Period?
The rate at which the cloud computing market has expanded in the past few years is remarkable. Expected to rise from $735.45 billion in 2024 to $832.88 billion in 2025, it's projected to increase at a compound annual growth rate (CAGR) of 13.2%. The historical growth can be credited to factors such as data security and compliance, digital transformation, the advancements in containerization and microservices, the growing requirement for remote collaboration, and the international expansion of businesses.

The market size of cloud computing is anticipated to experience fast expansion in the coming years. The projection is for it to reach $1481.2 billion in 2029, with an impressive compound annual growth rate (CAGR) of 15.5%. This growth in the forecasted period can be attributed to the implementation of artificial intelligence (AI) and machine learning (ML), demand for the Internet of Things (IoT), ongoing enhancements in cybersecurity, the ability to work across multiple clouds, and the integration of quantum computing. The forecast period will likely witness major trends such as the rise of edge computing, maturing serverless computing, the adoption of AI and ML, and the evolution of hybrid and multi-cloud solutions.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14067

What Are the High-Growth Segments in the Cloud Computing Market?
The cloud computing market covered in this report is segmented -

1) By Type: Public Cloud, Private Cloud, Hybrid Cloud
2) By Service: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS)
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Government And Public Sector, IT And ITES, Retail And Consumer Goods, Manufacturing, Media And Entertainment, Healthcare And Life Sciences, Other Verticals

Subsegments:
1) By Public Cloud: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS), Cloud Storage Services
2) By Private Cloud: Managed Private Cloud, On-Premises Private Cloud, Virtual Private Cloud, Private Cloud Solutions For Specific Industries
3) By Hybrid Cloud: Hybrid Cloud Integration Services, Cloud Management Platforms, Hybrid Infrastructure Solutions, Multi-Cloud Strategies

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14067&type=smp

What Key Drivers Are Expected to Influence Future Cloud Computing Market Growth?
The increased use of the internet of things (IoT) is anticipated to fuel the expansion of the cloud computing market. IoT is a network of interconnected devices that collect and exchange data with other IoT devices and the cloud. Its adoption is powered by its ability to improve efficiency, connectivity, and data-driven decision-making across various sectors, resulting in enhanced productivity, cost reductions, and innovative solutions. IoT and cloud computing are combined to develop robust and scalable solutions for collecting, storing, analyzing, and responding to data produced by IoT devices. For example, DataProt, a cybersecurity product firm based in Ukraine, reported in February 2024 that the total number of active IoT devices is predicted to exceed 25.4 billion by 2030. Additionally, by 2025, as many as 152,200 IoT devices are expected to connect to the internet every minute. As a result, the escalating adoption of IoT is slated to drive the cloud computing market's growth.

Which Companies Hold the Largest Share Across Different Cloud Computing Market Segments?
Major companies operating in the cloud computing market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Alibaba Group Holding Limited, Tencent Holdings Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., NEC Corporation, Adobe Inc., VMware Inc., Intuit Inc., ServiceNow Inc., Workday Inc., Infor Inc., OpenText Corporation, Citrix Systems Inc., Rackspace Technology Inc., Sage Group plc, Lumen Technologies Inc., IFS AB, Epicor Software Corporation, OVH SAS, DigitalOcean LLC, Upland Software Inc., Navisite LLC, Skytap Inc., Joyent Inc.

What Are the Latest Developing Trends in the Cloud Computing Market?
Leading businesses in the cloud computing sector, such as IBM Corporation, are leveraging innovative technologies like the hybrid cloud mesh to boost their market earnings. The hybrid cloud mesh technology combines the benefits of on-site, private, and public cloud systems, providing improved resource allocation and scalability. It's designed to offer a flexible and resource-efficient infrastructure that helps companies strike a balance among performance, security, and cost-effectiveness across several cloud platforms. For instance, in May 2023, the US-based tech giant IBM Corporation launched its hybrid cloud mesh offering bolstered with improved security measures. This complex SaaS addition allows organizations to effectively manage their hybrid multi-cloud setup. It offers granular insights into how businesses can utilize an automatic, intelligent, and streamlined network for smooth operations using public cloud infrastructure. IBM's hybrid cloud mesh simplifies the intricacies and successfully executes multi-cloud strategies, providing a unified ground for CloudOps and DevOps to collaboratively work towards achieving business goals. This ultimately speeds up the market introduction of new applications and services.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/cloud-computing-global-market-report

What Are the Emerging Geographies for The Cloud Computing Market Growth?
North America was the largest region in the cloud computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cloud Computing Market?
2. What is the CAGR expected in the Cloud Computing Market?
3. What Are the Key Innovations Transforming the Cloud Computing Industry?
4. Which Region Is Leading the Cloud Computing Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments."

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.