Cloud Computing Market is estimated to reach up to USD 1470.11 Billion by 2030, at a CAGR of 16.50%
The Global Cloud Computing Market Size is expected to be worth USD 390.25 Billion in 2021 and is estimated to reach up to USD 1470.11 Billion by 2030, at a compound annual growth rate (CAGR) of 16.50% from 2022 to 2030. Cloud computing enables businesses to manage, store, and process important data on remote computers that are hosted online. It specifically refers to a storage space that is accessible by all networked devices at the same time. The cloud computing approach of IT service delivery uses the Internet to distribute computing resources and software tools. The user only pays for the time spent utilizing the computer, as well as the quantity of storage and bandwidth, under this service model. Factors influencing the adoption of cloud computing services, which in turn are lowering company expenses, include the growing shift of businesses toward the adoption of digital transformation and the acceleration of customer experience. The fact that cloud computing services require no i