Global Market Size of Cloud Computing Market – 10 Year Market Forecast

ICT

Cloud Computing Market Size Forecast 2022-2029

Cloud Computing is estimated to have a market value of USD 317.13 Billion in the year 2022 and is projected to rise to USD 699.64 Billion by the year 2029, giving a CAGR of 12%. Increasing volume of data generation in websites and mobile apps, and growing need to control and reduce capital expenditure and operational expenditure could drive the market towards growth. However, threat of data breaches and misusage by third party could hamper this growth.

Frequently Asked Questions(FAQ)

• What is a major driver of this market?

• Increased return on investments with lower infrastructure and storage costs is a major driver of this market.
• What is a restrain in the growth of this market?

• Need to manage regulatory and compliance policy needs is a restrain in the growth of this market.
• What is an opportunity for the growth of this market?

• Increase in adoption of hybrid cloud services is an opportunity for the growth of this market.
• What is a challenge in the growth of this market?

• Cyberattacks damaging business operations and critical data loss is a challenge in the growth of this market.
• What is Global Market Database?

• Global market database is a market research tool that is used by various industry leaders to study the changing market trends across 12 different industries.

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