Cloud Computing Industry To Grow Rapidly Due To Big Data, Artificial Intelligence (AI), And Machine Learning Technologies
The global market size for cloud computing was estimated at USD 483.97 billion in 2022 and is anticipated to increase at a CAGR of 14.1% from 2023 to 2030. Global cloud computing industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Public Cloud Market Analysis & Forecast The global public cloud market size was valued at USD 171.39 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. Rapidly increasing digital transformation among industries, penetration of internet and mobile devices, and rise in consumption of big data are t...