The Business Research Company’s Cloud Services global market report, covers the year-on-year growth of the global Cloud Services market historic and forecast growth. It also includes chapters on the Cloud Services market trends, geographical analysis, and competitive landscape.
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The global cloud services market size is expected to reach $402 billion by 2022, significantly growing at a CAGR of around 8.5% during the forecast period.
Cloud Services Market Trends
The cloud services market consists of sales of cloud services by entities (organizations, sole traders and partnerships) that provide cloud services or the delivery of information technology resources and applications on-demand through an Internet platform. Companies in the cloud services industry provide access to servers, storage, databases and a broad set of application services managed by a hardware networking. This market includes sales of storage servers which are used to store, access, secure and manage digital data, files and services.
Cloud services companies are offering concise solutions and quick turnarounds for their customers. Changes in data processing technologies enable companies to move functions to data rather than data moving to functions. Bypassing layers of the technology stack has improved cloud services companies' productivity. For example, with the new warehouse platforms in the insurance industry, queries that took hours now run in minutes, delivering critical insights to insurance companies.
The global Cloud Services market is primarily driven by rise in disposable income, growing populationincrease in number of internet users and increasing E-Commerce companies.
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The global Cloud Services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With emphasis on reducing it infrastructure cost and increased internet penetration, the global Cloud Services market is expected to increase in potential and scope. TBRC’s report also covers the Cloud Services drivers and restraints in the market.
The global Cloud Services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Cloud Services market report are IBM, Microsoft, Amazon, Google, Salesforce.
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