Public Cloud Service Market to Remain Lucrative During 2022

In this digital era, as integrity and security gain significant importance, various industries are increasingly adopting cloud-based services to maintain their data in a transparent and secure manner. Along with growing use of cloud-based services in the electronic industry, players in the healthcare and agricultural industry are also making the move to cloud.

Steady Adoption in the Electronic Industry

With growing preference for feature-rich electronic gadgets, manufacturers are increasingly integrating enhanced technology that support extensive attributes such as cloud-based service. Increasing need for enhanced connectivity, extensive storage and improved accessibility to business related documents has revved up adoption of public cloud services in the electronic industry. Such factors are expected to contribute towards the growth of the global public cloud service market during the period 2017-2022.

According to a recently published report by Persistence Market Research, the global public cloud service market is expected to gain significant traction and register a steady growth. In terms of revenue, the global public cloud service market is expected to represent a value of over US$ 640,000 Mn by the end of 2022, registering an impressive CAGR.

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Surge in demand for enhanced technology in the electronic products that supports extensive features has fuelled demand for public cloud services market in the electronic industry. Persistence Market Research, in its recently compiled report, projects the global public cloud services market to surpass US$ 640 Bn by 2022.

Factors Fuelling Growth of the Global Market

Increasing demand for gadgets with enhanced connectivity and features has led to an upsurge in demand for public cloud services among manufacturers in the electronic industry. Public cloud services are also projected to witness significant adoption in various commercial organizations to extend access of important documents and business related files with the employees. In addition to increasing use in the electronic industry, public cloud services is projected to witness significant demand in the healthcare sector.

As customers prefer fast and cost-effective treatment services, various healthcare organizations continue to adopt technically enhanced services, such as public cloud services. The public cloud services enables patients and healthcare professionals to store and access all the treatment related data in the healthcare industry. Adoption of the public cloud services is projected to significantly add to the healthcare services, as patients can access doctors and treatments seamlessly. Increasing trend of accessing virtual care is projected to continue in various healthcare organizations. Attributed to its secure features, several healthcare organizations witness significant adoption of cloud-based services to maintain the patient records and data related to the treatment process in a transparent and secure manner.

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In addition to the healthcare industry, adoption of public cloud services is significantly high in the agricultural industry. Increasing need to store, maintain, and process the data related to production process in the agricultural field, and the quality of soil is projected to rev up adoption of public cloud services in the agricultural industry. Through the platform of public cloud services, the agriculturalists can access information stored by the precision farmers to curtail the harmful effects on the environment, and reduce the prices. Moreover, adoption of this platform in the agricultural industry enables the farmers to access the information related to the supply chain, customer demand, and the billing system. Through such information the agriculturalists can make better predictions and analysis regarding the product process.

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This release was published on openPR.