Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 455 Billion | USD 1391.8 Billion | 15.0% | 2022 |
FrequentlyAsked Questions
The term "cloud computing" refers to the storage and access of data and computer services via the internet. It does not save any information on the computer. It refers to the on-demand availability of computer services such as servers, data storage, networking, and databases.
The market is predicted to grow due to reasons such as cloud computing's functional capacity to boost business performance in major companies, hybrid models and Omni-cloud systems, and pay-as-you-go models.
According to the report, the global market size was worth around USD 455 billion in 2022 and is predicted to grow to around USD 1391.8 billion by 2030.
The global Cloud Computing market is expected to grow at a CAGR of 15.0% during the forecast period.
The global Cloud Computing market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players.
The global Cloud Computing market is dominated by players like Salesforce, Inc., Microsoft, IBM, Oracle, Amazon Web Services, Inc., Edgio, Akamai Technologies, AWS, Intel Corporation, Fujitsu, Google, Cloudflare, Inc., Lumen Technologies, Deutsche Telekom AG, Fastly Inc, AT&T, Citrix Systems, Inc., RACKSPACE TECHNOLOGY and NTT Communications Corporation among others.
The Cloud Computing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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