New data from the Synergy Research Group, across seven key cloud service and infrastructure market segments, operators, and vendors reports revenues in excess of $150 billion for the first half of 2019. With the public cloud computing market expected to be valued at $800 billion by 2025, gaining cloud computing skills could be well worth your time and efforts and could make you eligible for ample job opportunities with high-paying salaries. Substantial Growth Prospects in the Asia Pacific to Boost the Market Growth of Cloud Computing Published date: Aug-21 Report Code: 5053. In terms of product type, Cloud Based segment is altered to a % CAGR between 2022 and 2028. As this data shows, an increasing number of tech-savvy businesses and industry leaders are recognising the many benefits of the cloud-computing trend. Key Cloud Computing Market Report Highlights: Market growth 2020-2025: USD 287.03 billion. The SaaS Cloud Computing market report is a research study that forecasts this business space to accumulate substantial proceeds by the end of the forecast timeline, while recording a modest growth rate over the estimated duration. The growth of cloud computing has significantly improved wages as they were around $124,300 just a couple of years ago. Impact of COVID-19 on Cloud Services Market. The aluminum foil packaging market share is expected to increase by USD 2.17 billion from 2020 to 2025, and the market's growth momentum will accelerate at a Cloud Computing Market Size, Share & COVID-19 Impact Analysis, By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), By Industry (BFSI, IT and Telecommunications, Government, Consumer Goods and Retail, Healthcare, Manufacturing, and Others), and Fulfilling this promise, the Administration has developed a new strategy to Post COVID-19, the size of the cloud services market is estimated to grow from $374,770 million in 2020 and projected to reach $1,620,597 million by 2030, at a CAGR of 15.8%. If cloud growth in 2021 must be summed up in a single stat, its this: Gartner predicts that the worldwide public cloud revenue will grow by 23% in 2021 for a total revenue close to $332.2 billion U.S., up from $270 billion from last year. Looking at the global cloud market by region, North America is leading the race, with 61 After a Cloud Computing Course, one can become Cloud Product Manager, Cloud Support Engineer, Cloud Security Specialist, Cloud Architect, and more. In Q4 2021, global cloud infrastructure service revenues surpassed $50 billion for the first time, bringing the industry total for the year to $178 billion. Mon May 9, 2022. Despite being the major strength of some businesses, cloud computing also has some issues. According to Precedence Research, the global cloud computing market size is projected to hit around US$ 1,614.10 billion by 2030 and witness strong growth at a CAGR of Request Sample Buy Now Home Reports Technology and Media Cloud Computing Market. According to this latest study, the 2020 growth of Cloud Computing will have significant change from previous year. This encompasses A 24% growth on the previous year. Still lagging behind the Big Three in the cloud market, IBM hopes its coopetition partnership agreement with AWS will help close down the market share gap. Edge computing adds a layer of complexity to the organization by enabling a diverse set of stakeholders to maintain IT infrastructures, networking, software development, traffic distribution, and service These issues or challenges are real-life ghosts of cloud computing. In the Report to the President on Federal IT Modernization, released publicly in 2017 in accordance with Executive Order 13800, 1 the Office of Management and Budget (OMB) pledged to update the Governments legacy Federal Cloud Computing Strategy (Cloud First). From Cloud First to Cloud Smart. An IMARC Group report says the convergence of artificial intelligence with other technologies and the demand for security services are among the forces that will drive growth of the worldwide market for government-focused cloud offerings.. The SaaS Cloud Computing market report is a research study that forecasts this business space to accumulate substantial proceeds by the end of the forecast timeline, while Read more about this report - REQUEST FREE SAMPLE COPY IN PDF . Select Report Findings:Mobile edge computing will be a key enabler of immersive technologies deployed with 5GGreatest opportunities will be in teleoperation/cloud robotics, telepresence, and virtual realityThe global mobile edge computing market for software and APIs will reach $1.72 billion by 2026More items Global key companies of Cloud Computing Software include AWS, Microsoft, Google, IBM and Alibaba, etc. Download now: Build a Strategy to Maximize the Benefits of Cloud Computing. The cloud technology adoption is expected to Cloud High-Performance Computing (HPC) Market is poised to grow at a CAGR of 16.68% by 2027. The cloud system infrastructure services (IaaS) segment is forecast to grow by 30.5 percent in 2023 compared to 2022. The public cloud services market as a whole is expected to grow by 21.3 percent, with only cloud business process services (BPaaS) experiencing single digit annual growth rates. And in some rare circumstances, this can make some serious problems as well. The implementation of cloud computing in healthcare brought new ways to enhance the functionality of IT systems. Here are some of the top cloud computing jobs with a solid salary trajectory for 2022. The above factors contribute to the overall growth of high-performance computing market in the Asia-Pacific region. 10. Cloud Computing Market Growth, Trends, and Forecasts (2020-2026) The cloud computing Market is estimated to reach a market value of USD 689.12 billion by 2026 with the market estimated to grow at a CAGR of 15.55% over the forecast period 2020-2026 What are the advantages of Cloud Computing? which it views as the primary obstacle to partner growth; other IT channel news. Amazon, Microsoft, and Google dominate 64% of the cloud market share. The increasing adoption of Big Data, Artificial Intelligence (AI), Machine Learning (ML), and others is expected to drive the market growth. The Chinese cloud market continues to outpace the rest of the world with an average growth that is twice more important than in the US (60 vs 30%). Cloud Computing Market. Cloud computing is a long-term growth trend. Cloud Computing in Government Market 2022 Global Industry Research report presents an in-depth analysis of the Cloud Computing in Government market size, growth, By 2029, the cloud market industry could be worth $376.37 billion. The worldwide public cloud computing market continues to grow and is expected to reach an estimated 495 billion U.S. dollars in 2022. The global cloud computing market is one of the fastest-growing technology markets in the world. Well, a recent report on the growth prospects of the GPU Cloud Computing Market has revealed a very promising outlook for this technology. As businesses pivot to a digital-first economy, cloud will continue to play an ever greater, and even dominant, role as the IT industry Surveying the top cloud computing companies in 2022 goes way beyond AWS vs. Azure vs. Google.While those three are inarguable cloud leaders, the cloud service providers market is churning with exciting new developments and new iterations of existing technologies, from multi-cloud to hybrid cloud to cloud and 5G. The cloud services market forecast of 2030 is projected to be higher than pre-COVID-19 estimates. 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 Hybrid cloud computing is an environment that combines public clouds and private clouds by allowing data and applications to be shared between them. Global Cloud Computing Market Outlook. New Jersey, USA---- 07/19/2022-- A Latest intelligence report published by AMA Research with title "Cloud Computing In Insurance Market Outlook to 2027. The global cloud computing market reached $250.04 billion in 2021 and is projected to grow at a compound annual growth rate of 17.9%, reaching $791.48 billion by 2028, according to Fortune Business Insights. The growth of this market can be attributed to the increasing demand for cloud-based services due to the growing need for agility and flexibility in business operations, and rising concerns about North America Has the Largest Cloud Computing Market Share. Of course, there is much more nuance in cloud growth, especially since so many businesses and organizations around the Cloud Computing Market size to reach USD 1738.44 billion at a 18.53% CAGR from 2018 to 2030 (forecast period). DRIVING FACTORS. 10 Biggest Cloud Computing Challenges in 2022. By the most conservative estimates of global Cloud The global cloud computing market is expected to grow at a CAGR of 15% in the forecast period of 2022-2027 to attain USD 810 billion by 2026. Cloud computing has picked up steam during the COVID-19 pandemic. The global edge computing market was valued at USD 7.43 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 38.9% from 2022 to 2030. searchITChannel : Channel partner programs. Combined spending on shared cloud services Infrastructure as-a-Service (IaaS), System Infrastructure Software as-a-Service (SISaaS), Platform as-a-Service (PaaS), and According to the report, the global cloud computing market in healthcare industry was valued at US$ 383.0 Bn in 2020 and is projected According to the leading research website grand view research, the worldwide could computing market size has been estimated with a worth of USD 274.79 billion in 2020. What is the best cloud computing service model for your business?Software-as-a-Service (SaaS) SaaS is one of the most common and well known cloud service delivery models. Platform-as-a-Service (PaaS) PaaS is primarily used by developers who need a virtual environment for developing and testing their own custom software or apps. Infrastructure-as-a-Service (IaaS) According to the report, the global cloud computing market in healthcare industry was valued at US$ 383.0 Bn in 2020 and is projected to expand at a CAGR of 10.8% from 2021 The cloud computing market is huge. The latest Cloud Computing in Medical Devices market study report offers a detailed investigation of this industry vertical for the forecast period 2021-2027. Muhammad Raza, Chrissy Kidd. The need for cloud-based deployment of computing products and services is likely to rise as more powerful systems are developed. In terms of revenue, the global top four players hold a share over Why is cloud computing becoming more popular?Maintains productivity Office tools like Microsoft Office 365 and Google Docs use cloud computing, thus allowing several people to work on the same document in real time. Scalable, flexible and reliable Scalability means unlimited processing and storage capacity. Ensures security Cloud computing has become synonymous with security. More items Cloud market share: Present scenario of Cloud Computing Market. As per the report, cloud technology is becoming famous and the cloud computing market is predicted to reach , with a CAGR of 14.12 percent between 2022 and 2027. Global Cognitive Cloud Computing Market Is Expected to Grow at a CAGR of around 38.0% by 2027. Healthcare Cloud Computing Market is poised to grow at a CAGR of 14.12% by 2027. Cloud computing adoption is only increasing. 9% from 2022 to 2028. Cloud Computing Market Size (2022 - 2027) The global cloud computing market size is foreseen to extend from $371.4 billion in 2020 to $897.4 billion by 2026, at a compound annual growth The cloud is expected to dominate the market during the forecast period. The research encompassed over 50,000 job postings in the cloud tech field. DUBLIN, July 27, 2022 /PRNewswire/ -- The "Global Data Center Investment Trends and Growth Opportunities" report has been added to ResearchAndMarkets.com's offering..