Public Cloud Market Size, Share, Growth, Trends, and Forecasts 2027

Posted 1 month ago in WORLD.

Public Cloud Market, By Cloud Computing (Cloud Billing, Cloud Communication Platform, Cloud Access Security, Cloud High-Performance Computing and Cloud Infrastructure), By Service (SaaS, PaaS and IaaS), By Organization Size (Large Enterprises and Small & Medium Size Enterprises), By In

Public Cloud Market Size, Share, Growth, Trends, and Forecasts 2027

Market Overview

The rise in demand for cloud services and digital transformation efforts of different organizations is driving the Public Cloud Market Size. The wide use of smartphones, smart devices, and other consumer electronic products has raised cloud services. The public cloud services enable the user to store data safely and in a secure manner. Small and medium enterprises can manage, access, and operate their data efficiently using cloud computing services. The Public Cloud Market is targeting these enterprises to drive their business. These opportunities from the enterprises are driving the growth of the market at the global level. By focusing on the customer's needs, the Public Cloud Market Leaders are upgrading their security services to provide their best and in the upcoming years, evaluating the market trends, reports, growth factors, Public Cloud Market opportunities, challenges, and other analyses, the Public Cloud Market to show consistent growth. The market is projected to CAGR of 22.78% and will reach USD 1,322.8 Billion by 2023.

Regional Analysis

The roots of Public Cloud Market Trends are spreading in various regions like North America, Asia Pacific, Europe, and the Rest of the World. North America holds the title of highest shareholder region among other regions due to its increase in digitization and adoption of cloud computing for the storage and management of data. The others will even show significant growth in the upcoming years.

Industry News

According to the reports, the Public Cloud Market is estimated to perceive accrued value with a staggering CAGR. The global cloud computing market size to grow from USD 445.3 Billion in 2021 to USD 947.3 Billion in 2026.

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