Security News > 2022 > March > Cloud computing market to reach $1,554.94 billion by 2030

The global cloud computing market is expected to reach $1,554.

Together with the simplicity of deployment and lower total cost of ownership, these advantages are likely to raise cloud computing demand throughout the forecast period, driving the market growth.

The growing need for analytics and big data technologies in cloud computing services is opening up plenty of new chances for the market to expand.

Key vendors in the market focus on introducing new cloud solutions, services, and workloads and upgrading of capabilities of their current offerings to strengthen their foothold in the market.

Owing to various functionalities, cloud computing aids manufacturers in utilizing multiple types of production systems, ranging from High-Performance Computing and 3D printing to IoT and industrial robots.

Cloud services also offer the platforms for continuous agility, innovation, business focus, availability, ability to scale and flexibility and cost savings which are further projected to accelerate the adoption rate of cloud computing across the industry.

News URL

https://www.helpnetsecurity.com/2022/03/14/cloud-computing-market-2030/