Cloud Computing Market to Hit USD 760.98 Billion by 2027
Cloud Computing Market to Hit USD 760.98 Billion by 2027
IT Data Solutions
The global cloud computing market size is projected to reach USD 760.98 billion by 2027, exhibiting a CAGR of 18.6% during the forecast period. Rising preference for omni-cloud systems will prove highly beneficial for the growth of this market, states Fortune Business Insights™ in its report, titled “Cloud Computing Market Size, Share & Industry Analysis, By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing, Others (Energy and Utilities, Education, Media and Entertainment etc.)), and Regional Forecast, 2020-2027“.
According to the cloud computing market research report, the value of the market stood at USD 199.01 billion in 2019. The other highlights of the report are:
- Detailed research into the factors driving the market growth;
- In-depth study of the roadblocks facing the market;
- Comprehensive analysis of the segments of the market; and Thorough assessment of the competitive developments and regional landscape of the market.
