Brand Story
28 Sep 2022, 20:29 GMT+10
The Cloud Computing Market is projected to grow at a robust CAGR of 13.7% and is predicted to reach from US$ 517.9 Billion in 2022 to US$ 1.9 Trillion in 2032.
While Asia Pacific's technology expenditure has surged, a setback owing to the recent COVID-19 pandemic is on the horizon. Cloud technology usage is likely to expand in areas where the WFH effort is assisting in the maintenance of corporate business processes. The emergence of developing technologies such as Artificial Intelligence (AI) and machine learning facilitates cloud expansion by allowing businesses to tap into AI capabilities.
The COVID-19 pandemic has emerged as a major threat to the global economy. Cloud computing may help businesses overcome the business continuity difficulties posed by lockdown, work from home, social distance, and other cloud computing market demands.
However, as a result of the pandemic, firms, managers, and workers are increasingly opting for remote working. Remote working has emerged as the current trend and is predicted to remain in the long run.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14488
Cloud computing is used in many applications via the Infrastructure as a Service, Platform as a Service, and Software as a Service model; the high initial and ongoing costs remain a barrier to the cloud computing business.
Cloud computing compels enterprises to deal with the same network security models and physical security constraints for more remote servers, where security footprints and traffic patterns are visible to everyone, compromising database security and posing a problem.
Key Takeaways:
Significantly, as organizations attempt to improve their digital activities, public cloud services have acquired significant popularity in the Asia Pacific. With the need to attain better company agility and customer satisfaction, cloud computing has become the foundation of how many firms function today.
As the benefits such as on-demand availability and cheap cost, start-ups, and SMEs are increasingly turning to cloud services. Additionally, they free up workers' time to focus on other mission-critical duties. These incentives are encouraging businesses to rapidly embrace cloud computing services.
Get More Information On this Report @
https://www.futuremarketinsights.com/reports/cloud-computing-market
List of Key Players Covered in Cloud Computing Market are:
To expand their cloud computing market offers, asset performance management vendors have employed a variety of organic and inorganic development tactics, such as new product releases in the cloud computing market, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. AWS, Microsoft, IBM, Salesforce, Google, and others dominate the cloud computing sector.
The current competitive environment and global economic conditions have hastened the adoption of cost-effective ways to reorganize company models. The rising movement of organizations toward digital transformation and the acceleration of customer experience are a few more factors driving the use of cloud computing services, eventually lowering corporate costs.
Furthermore, the cloud has the benefit of a pay-as-you-go approach, which allows organizations to pay for cloud services based on their utilization, resulting in lower costs.
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-14488
Key Segments
By Service Model:
By Deployment Model:
By Organization Size:
By Vertical:
By Region:
Explore Other Related Reports Links From Technology Market
3D Mapping and Modeling Market Size - Newly-released 3D mapping and modeling industry analysis report by Future Market Insights shows that global sales of 3D mapping and modeling in 2021 were held at US$ 4.4 Bn with 13.8%, the projected market growth during the year 2022 - 2032.
Call Center AI Market Share - The global call center ai market is poised to increase at a steady CAGR of 13.5%, reaching US$ 6 Bn by 2032 from US$ 1.3 Bn in 2021.
Enterprise Content Management Market Trends - The enterprise content management market is likely to expand its roots in the global market at a promising CAGR of 8.7% between 2022 and 2032.
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
Browse All Reports: https://www.futuremarketinsights.com/reports
Report Link: https://www.futuremarketinsights.com/reports/cloud-computing-market
The post Cloud Computing Market Set to Witness an Uptick Size US$ 1.9 Tn by 2032 | Future Market Insights, Inc. appeared first on Future Market Insights.
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...