NEWARK, NJ, May 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Fior Markets, the global cloud computing market is projected to grow from US$270.15 billion in 2017 to US$712.83 billion in 2025 at a CAGR of 18.46% over the forecast period of 2018-2025. Increasing automation and agility, the need to provide an improved customer experience, increased cost savings and return on investment, as well as improved internet quality and the rise of 5G technology are the key developments driving the market’s demand.

The Software as a Service (SaaS) segment had the largest market size in 2017 at around USD 114.76 billion

The Services segment includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). The Software-as-a-Service (SaaS) segment had the largest market size in 2017 at around US$114.76 billion due to its wide use in selling software to consumers over the internet. SaaS offers flexibility in the use of software without the…

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