{"id":42803,"date":"2022-02-25T08:57:39","date_gmt":"2022-02-25T08:57:39","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=ecf10ce1a62f4baa73e80ad8793a96b9"},"modified":"2022-02-25T08:57:39","modified_gmt":"2022-02-25T08:57:39","slug":"cloud-computing-market-to-hit-1-95-trillion-by-2032","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cloud-computing-market-to-hit-1-95-trillion-by-2032\/","title":{"rendered":"Cloud computing market to hit $1.95 trillion by 2032"},"content":{"rendered":"


\n Praharsha Anand<\/a><\/span>
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25 Feb, 2022<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

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The global cloud computing<\/a> market is projected to reach a valuation of $1.95 trillion by 2032, according to a new report from market intelligence firm Fact.MR.<\/p>\n

A compound annual growth rate (CAGR<\/span>) of 15% is anticipated for the market between 2022 and 2032, owing to the rapid digitization of workplaces and the increasing demand for software as a service (SaaS)<\/a> applications.<\/p>\n

Commenting on the 12% CAGR of cloud-based services from 2015 to 2021, Fact.MR said the COVID-19 pandemic spurred the adoption of cloud computing, as enterprises enforced widespread\u00a0work from home<\/a> policies.\u00a0<\/p>\n

With the proliferation of infrastructure as a service (IaaS), platform as a service (PaaS), and SaaS-based solutions, the market for cloud computing has grown significantly. Adobe, Alibaba Group, and Amazon are among the top market players.\u00a0<\/p>\n

Accordingly, cloud computing solutions in North America are expected to account for 40% of the global revenue in 2022. The region is dominated by global technology giants like Microsoft, Oracle, and Amazon, who have been early adopters of cloud technology, including big data<\/a> analytics<\/a>, Internet of Things (IoT)<\/a>, additive manufacturing, artificial intelligence (AI)<\/a>, virtual reality (VR)<\/a>, augmented reality (AR)<\/a>, and machine learning<\/a>, all of which have vastly impacted the market.<\/p>\n

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YouTube<\/div>\n
https:\/\/www.youtube.com\/watch?v=-8Mp97YBAWY<\/a><\/div>\n<\/div>\n<\/div>\n

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With a CAGR of 18%, the APAC market is forecast to grow the fastest during the forecast period. Emerging economies such as India and China are likely to contribute to the growth in the region.<\/p>\n

For instance, Alibaba Group’s fast-paced expansion and Make in India initiatives have been notable factors facilitating market size growth in the APAC region. A number of cloud computing service providers, including Amazon, Microsoft, and Google LLP, have also initiated plans to strengthen their presence in Thai and Indonesian markets.<\/p>\n

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Praharsha Anand<\/p>\n

25 Feb, 2022 <\/p>\n

The global cloud computing market is projected to reach a valuation of $1.95 trillion by 2032, according to a new report from market intelligence firm Fact.MR.
\nA compound annual growth rate (…<\/p>\n","protected":false},"author":650,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42803","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=42803"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42803\/revisions"}],"predecessor-version":[{"id":42804,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42803\/revisions\/42804"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=42803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=42803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=42803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}