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Cloud Computing Market - Greater Growth Rate during forecast 2018 - 2024
Global Cloud Computing Market Research Report: By Service Model (SaaS, PaaS IaaS), By Deployment (Public, Private and Hybrid), 2/10/2021 - Market Highlights

The cloud computing market is anticipated to grow by US$340.5 billion by 2024 rapidly growing at a CAGR of 19.4% during the forecast period. The global cloud computing market is driven by benefits such as cost-affordability, disaster recovery, faster deployment, and scalability. These factors have helped shape the cloud computing market and are expected to boost the growth. Companies in the cloud computing market could also face challenges such as lack of skilled manpower, lack of awareness about technology, underdeveloped technical infrastructure in some countries. The details covered in the cloud computing market report cover all the aspects of the industry. Cloud computing market analysts have also shared growth projections in the report and have suggested cloud computing market players to plan growth strategies accordingly.


The global [FURL= /]cloud computing market share[/FURL] has been segmented based on service model, deployment, organization size, and vertical. On the basis of organization size, the market for cloud computing is segmented based on small & medium enterprises and large enterprises. Additionally, the market on the basis of vertical, is segmented into BFSI, retail and consumer goods, IT & telecommunication, healthcare & life sciences, manufacturing, energy & utility, media & entertainment, government & public sector, and others. The global market for cloud computing is also covered based on the deployment segment which is further split into public, hybrid, and private. Also, on the basis of service model, the market is segmented into SaaS, IaaS, and PasS.

Factors like adoption of cloud computing technology and increasing BYOD trend support the cloud computing market growth. The performance of the cloud computing market has also been studied for the past and current years. Additionally, the cloud computing market report provides analysis of these segments. The cloud computing market segmental analysis provided in the report offers major details about the cloud computing market performance and future.

Regional Overview

Companies in the cloud computing market are spread across the world. The cloud computing market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American cloud computing market has many companies across the United States, Canada, and Mexico. Europe has companies in the cloud computing market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the cloud computing market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The cloud computing market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the cloud computing market can be found in the market research report.

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