Increased adoption of cloud computing services due to COVID-19 drive sector


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Global cloud computing market

Global cloud computing market

Global cloud computing market

DUBLIN, Nov. 18, 2022 (GLOBE NEWSWIRE) — The “Cloud Computing Platforms Market by Service Model (IaaS, PaaS, and SaaS), by Deployment Model, Company Size, Industry (BFSI, Retail and Consumer Goods, Telecom, IT and ITeS, and Manufacturing), and Region – Global Forecast to 2027” Report has been added Offer.

The global cloud computing platform market size is expected to grow from US$545.8 billion in 2022 to US$1240.9 billion in 2027 at a compound annual growth rate (CAGR) of 17.9% over the forecast period. Cloud computing is an on-demand delivery of a virtual environment that includes a pool of resources such as compute, storage, applications, database, and network, via usage-based pricing service models that allow organizations to host their workload.

According to the service model, IaaS is projected to grow at the highest CAGR over the forecast period

According to service…

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