Cloud Computing Market Size (2022-2029) worth $1,712.44


PUNE, India, November 22, 2022 (GLOBE NEWSWIRE) — The global Cloud computing market size was $405.65 billion in 2021. The market is expected to grow from US$480.04 billion in 2022 to US$1,712.44 billion in 2029 at 19.9% ​​CAGR over the forecast period. Fortune Business Insights™ expanded on these inputs in its latest research report, Cloud Computing Market Forecast, 2022-2029.

According to the analysis, an exponential increase in Internet penetration, digital transformation and the adoption of mobile devices will fuel the growth of the industry. Industry players could invest in next-generation industrial solutions to advance real-time analytics, edge computing, IoT and 5G. Faced with data security concerns, industry players could invest funds in data centers to make them more secure.

key industry development

July 2021: Google Cloud has signed an agreement with SAP SE to strengthen business systems by supporting migration and transformation to the cloud.


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