Pune, India, Feb. 12, 2021 (GLOBE NEWSWIRE) — The global cloud computing market is expected to gain momentum from the rising inclination of enterprises to Omni-cloud solutions from multi-cloud solutions. This information is given by Fortune Business Insights™ in a new report, titled, “Cloud Computing Market Size, Share & COVID-19 Impact Analysis, By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Consumer Goods, and Retail, Healthcare, Manufacturing, Others), and Regional Forecast, 2020-2027.” The report further states that the market size stood at was USD 193.60 billion in 2019 and it is projected to reach USD 684.55 billion by 2027, exhibiting a CAGR of 17.6% during the forecast period.
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COVID-19 Pandemic: High Demand for VoD Solutions to Propel Growth
The demand for live-streaming platforms, such as Amazon Prime, Netflix, and Hulu is surging rapidly backed by the lockdown measures implemented by governments worldwide to prevent the transmission of coronavirus. This video-on-demand (VoD) solutions are further resulting in the high demand for IaaS cloud-based services. Also, because of the work from home practices across the globe, there is a high demand for SaaS-based collaboration solutions. We are delivering authentic reports to help you select the right strategy for regaining business confidence and generate more sales of cloud computing solutions.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
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This Report Answers the Following Questions:
- Which segment is set to lead the market in the near future?
- Which firm would generate the highest revenue in the coming years?
- How will key companies boost sales of cloud computing services amid COVID-19?
- What are the estimated, historical, and current sizes of the global market?
Drivers & Restraints-
Urgent Need to Analyze Data-driven Business Strategies will Favor Growth
The integration of innovative technologies, such as machine learning (ML) and artificial intelligence (AI) with cloud computing solutions is increasing globally. It is aiding in analyzing, visualizing, and monitoring data-driven business strategies. At the same time, such integration processes would allow companies to make complex data accessible and usable over the visual representation, as well as to accelerate their visualization capabilities. However, the rising number of privacy and security concerns regarding unforeseen emergencies, application vulnerabilities, cyber-attacks, and data breaches may hamper the overall cloud computing market growth throughout the forthcoming years.
Government Initiatives to Support Data Safety & Integrity will …
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