NEW YORK, January 17, 2022 /PRNewswire/ — The cloud computing market The value should increase $287.03 billion from 2020 to 2025, according to Technavio’s latest report.

Attractive Opportunities in Cloud Computing Market by Service and Geography – Forecast and Analysis 2021-2025

Adopting SaaS helps organizations eliminate the costs and complexities associated with managing the hardware and software needed to run applications. In addition, SaaS also enables easy access to IoT, data analytics and AI platforms that help companies make business decisions. As a result, there will be high demand for SaaS solutions. The growth of the SaaS market segment is anticipated to be significant during the forecast period.

Key highlights of the Cloud Computing market report:

  1. Market Growth 2020-2025: $287.03 billion

  2. YoY growth (%): 20.37%

  3. Performing market contribution: North America at 40%

  4. Main buyer countries: USA, Germany, China, Japan, and Great Britain

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