Cloud Hosting

DUBLIN, Sept. 5, 2022 /PRNewswire/ --The 'Cloud Computing Market Size, Share & Trends Analysis Report by Service (IaaS, PaaS, SaaS), by Deployment (Public, Private, Hybrid), by Enterprise Size, by End Use (BFSI, IT & Telecom, Retail & Consumer Goods), by Region, and Segment Forecasts, 2022-2030'report has been added to ResearchAndMarkets.com's offering.

The global cloud computing market is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 15.7%. Cloud systems thrive at streamlining inter-organizational communication and providing a simplified alternative for managing corporate processes.

Due to cost savings, flexibility and scalability, data security, data storage, and team collaboration, about 70% of firms have already shifted to cloud-based computing for part of their services. For instance, in October 2020, Microsoft Corporation joined with ZEISS Group to improve health care and manufacturing quality through data solutions. Together with the simplicity of deployment and lower total cost of ownership, these advantages are likely to raise cloud computing demand throughout the forecast period, driving the market growth.

Cloud computing solutions will support teams in learning to collaborate, and businesses can realize they can function effectively without having people in the office. This scenario is expected to propel market growth. To maintain employee well-being and operational efficiency, a growing number of businesses across multiple verticals have adopted the work-from-home model, driving up demand for Software-as-a-Service (SaaS)-based solutions.

Organizations are adopting cloud computing services as they provide insights into partnering tactics, go-to-market approaches, investments, alliance and acquisition strategies, and best operational practices. Moreover, cloud computing services help measure, correlate, and analyze business activities and ensure that company operations are in line with the customer demands. To get significant business insights for decision-making, many firms are investing in big data, IoT, artificial intelligence, and 5G technologies.

Big data technologies are becoming more popular because of the numerous advantages they provide, such as data integration, data segmentation, and business intelligence, to name a few. The growing need for analytics and big data technologies in cloud computing services is opening up plenty of new chances for the market to expand.

Cloud Computing Market Report Highlights

Market Dynamics

Market Drivers

Market Challenges

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Cloud Computing Market: Industry Outlook

Chapter 4 Cloud Computing Market: Service Segment Analysis

Chapter 5 Cloud Computing Market: Deployment Segment Analysis

Chapter 6 Cloud Computing Market: Enterprise Size Segment Analysis

Chapter 7 Cloud Computing Market: End Use Segment Analysis

Chapter 8 Cloud Computing Market: Region Segment Analysis

Chapter 9 Competitive Analysis

Chapter 10 Competitive Landscape

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/p845nf

Media Contact:

Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

View post:
Global Cloud Computing Market to Reach $1.55 Trillion by 2030 - Benzinga