Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.4 Billion | USD 11.2 Billion | 12% | 2021 |
FrequentlyAsked Questions
The global distributed cloud market growth may be attributed to the increasing reach and adoption of IoT globally. The global market expansion trend is expected to continue during the forecast period due to higher investments in cloud computing by private as well as government agencies. Cloud computing generated a revenue of more than USD 400 billion in 2021.
According to Zion Market Research, the global distributed cloud market size was worth around USD 5.4 billion in 2021 and is predicted to grow to around USD 11.2 billion by 2028 with a compound annual growth rate (CAGR) of roughly 12% between 2022 and 2028
The global distributed cloud market may be dominated by North America during the forecast period. In 2021, it held more than 39% of the global market share owing to immense digitization along with presence of multiple key players, demand for higher data security and data storage.
The global distributed cloud market is expected to be dominated by players like Microsoft Corp, Salesforces Inc, IBM Corp, Pivotal Inc, Alibaba Corp, Cloud Sigma Inc, Amazon web services, Google LLC, VMware Inc., and Digital Ocean Inc.
The global distributed cloud market size was worth around USD 5.4 billion in 2021 and is predicted to grow to around USD 11.2 billion by 2028
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