The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.(1)
Cloud computing adoption is accelerating at a CAGR of 17.5% as per the above statistics.
The widespread interest for cloud computing emanates from businesses and government agencies seeking more resilient, dynamic, and cost-effective IT systems. While the term ‘cloud’ may denote an ephemeral quality, the benefits of cloud computing or its advantages are very tangible.
Cloud computing refers to a style of computing where services and software are delivered virtually using a private or public network. The main focus of the cloud is to offer flexible resources cost-effectively to enhance…
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