Cloud Computing Market Growth to Surge Owing to Increasing Adoption by End-use Applications

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Cloud Computing Market Trends 2022 Updated
Business Statistics and Research Methodology
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2030
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Cloud Computing Market
The global cloud computing market is set to
exhibit 19.4 CAGR over the forecast period. It
is attributed to flexibility and scalability
accorded to individuals and organizations owing
to its implementation. Increasing maintenance
costs of hosting, workforce charges, and shift
towards digital channels can drive market growth.
Use of cloud computing by enterprises for curbing
operational expenditure can bode well for the
market. The COVID-19 outbreak has accelerated the
shift to digital models and propelled the market
demand. Government regulations and increased
spending on cloud computing can favor the market.
Rollout of novel subscription programs by cloud
service providers for smooth onboarding of
clients coupled with transparency and pricing in
their business models can bode well for the cloud
computing market.
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Cloud Computing Market
Market Segmentation By service model, the SaaS
segment to attain the highest share owing to
preference of external service providers by large
companies for hosting their services. The move by
enterprises to shift their applications to the
cloud can favor the segment. By deployment mode,
the public cloud segment can capture the highest
share over the assessment period. This is
credited to scalability of cloud and control over
data centers. The public cloud segment captured
the largest market share in 2018, and it is
expected to post a CAGR of 20 during the
forecast period. By organization size, the large
enterprise segment to lead the market and post
19 CAGR over the forecast period. Low
operational expenditure, fast product to market,
increased flexibility and collaboration can drive
the demand for cloud computing in the segment. By
vertical, the BFSI segment to post the highest
CAGR of 18.6 during the forecast period. This is
attributed to use of cloud computing resources by
companies to cater to customer data management
and digitization of wealth. Services such as
mobile wallets, online transactions, and
omnichannel experiences can drive the integration
of cloud in the sector. Download Free Sample PDF
File _at_ shorturl.at/adlpv
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Cloud Computing Market

• Cloud Computing Market Key Players 
• The key players profiled in the global Cloud
  Computing Market report include
• Amazon.com Inc.
• Microsoft Corporation
• Alphabet Inc
• Oracle Corporation
• Salesforce.com
• Inc.
• VMware
• Inc.
• IBM Corporation
• Alibaba Group Holding Ltd.
• Dell EMC Corp.
• Rackspace Inc.
• Adobe Systems Inc.
• SAS Institute Inc
• and TIBCO Software Inc.

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Cloud Computing Market
Regional Analysis North America, Europe,
Asia-Pacific (APAC), and Rest of the World (RoW)
are major regions covered in the cloud computing
market. North America is touted to lead the
market owing to demand for stable internet
connectivity and stable working conditions for
employees. Commitment by cloud service providers
such as Cisco, Amazon, Microsoft, IBM, Google,
and others for offering storage services and
infrastructure to enterprises and
individuals. APAC is likely to showcase a strong
growth rate during the forecast period owing to
shift to digitalization of data and data
protection demands of countries of India and
China. Adoption of cloud by healthcare
organizations during the pandemic to scale their
operations and cater to storage requirements due
to large influx of patients can drive the
regional market demand. The move by corporations
to move their data to the cloud can spur the
market demand. This is exemplified by
announcement of telecommunication providers such
as Smart, Dialog, Celcom, XL Axiata, Robi, and
Ncell planning to move their services to Google
cloud for modernizing their infrastructure.
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Cloud Computing Market
Industry news The Pentagon, house of the U.S.
Department of Defense, is considering a move to
cloud computing to move to highly secure
architecture and enable communications with
soldiers on battlefields. Developments In June
2020, Amazon launched AWS Europe (Milan) and AWS
Africa (Cape Town) to extend its availability
zones to 76 in 24 geographic regions worldwide.
It also revealed plans for nine new availability
zones and three more AWS regions in Indonesia,
Japan, and Spain. In May 2020, Microsoft
released an industry-specific cloud offering for
healthcare organizations and enhanced workflow
efficiency and simplified interactions. Microsoft
Cloud for Healthcare involves data analytics for
both structured and unstructured data. Browse
In-depth Market Research Report _at_
shorturl.at/bimZ8
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Cloud Computing Market
COVID-19 Analysis
In the space of just a few months, the SARS-CoV-2
has upended businesses on a large scale. However,
cloud computing is one industry that has emerged
much stronger than before. With Netflix and
similar OTT platforms recording twice as many
subscribers than ever before, there is no doubt
that Internet and related technologies have
become more valuable now. With physical
interaction becoming an obsolete form of
communication due to social distancing,
enterprises worldwide have now shifted to digital
solutions to ensure continued productivity. The
US and Europe now need employees to operate
remotely and universities as well as schools are
deploying video conferencing platforms for
distance learning via recorded or live lectures.
COVID-19 Cloud Computing Services are presumed to
be in high demand in the coming few months,
anticipates MRFR.
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