WESTFORD, May 03, 2022 (GLOBE NEWSWIRE) — The need to reduce risk, achieve scalability and flexibility in moving and storing data, reduce storage and infrastructure complexities, and increase business efficiencies is driving the cloud computing markets growth.

Businesses are concerned about the upfront and ongoing costs of hosting data locally. Additionally, electricity costs, labor costs, and downtime are some additional concerns for businesses. The current competitive environment and global economic conditions have accelerated the adoption of cost-effective measures to transform business models. The increasing shift of enterprises to digital transformation and accelerating customer experience are a few other factors driving the adoption of cloud computing services, ultimately driving down enterprise costs. Additionally, the cloud offers the benefit of a pay-as-you-go model, allowing businesses to pay for cloud services based on their usage,…

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