The market size of cloud computing is projected to reach $1,240.9 billion by 2027


This research report segments the cloud computing market based on components, service model, IaaS, PaaS, SaaS, organization size, deployment model, industry vertical and region.

This press release was originally distributed by SBWire

Northbrook, IL 60062 — (SBWIRE) — 11/21/2022 — According to a research report “cloud computing market by service model (IaaS, PaaS and SaaS), by deployment model, company size, industry (BFSI, retail and consumer, telecom, IT and ITeS and manufacturing) and region – Global Forecast to 2027” published by MarketsandMarkets is expected to be published predicted that the size of the global cloud computing market will grow from US$545.8 billion in 2022 to US$1,240.9 billion in 2027 at a compound annual growth rate (CAGR) of 17.9% over the forecast period. The ever-increasing operational costs and complexities associated with on-premises hardware have facilitated the adoption of cloud computing, which is expected to help organizations…

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