Global Cloud Computing Market Trends and Forecasts to 2028: Surge in AI Integration and OTT Platforms Drives Opportunity and Growth
DUBLIN, July 31, 2023 /PRNewswire/ -- The "Global Cloud Computing Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
The global cloud computing market is forecast to grow at a CAGR of 16.32% to reach US$1,235.408 billion by 2028.
Companies have been forced by rapid digitization to upgrade and modernize their infrastructural landscape to increase cost-effectiveness and adaptability. Additionally, it is anticipated that during the forecast period, growing expenditures in the construction of reliable telecom and IT infrastructure will further fuel the expansion of the cloud computing market.
Manufacturing is anticipated to be the category with the greatest opportunity
The BFSI segment gains from cloud computing in terms of cost management, flexibility, accelerated innovation, and enhanced customer interaction. Furthermore, the expansion of the BFSI segment in the market is responsible for the increased usage of cloud services for storing and managing consumer-related data. Digital wallets, payment gateways, online money transfers, and unified user experiences are anticipated to be crucial in the BFSI sector soon, which will have a big impact on the expansion of the cloud computing market.
North American region expected to hold the highest market share in cloud computing.
By Organization Size
For more information about this report visit https://www.researchandmarkets.com/r/1o309i
Research and Markets
For E.S.T Office Hours Call +1-917-300-0470
U.S. Fax: 646-607-1907
View original content:https://www.prnewswire.com/news-releases/global-cloud-computing-market-trends-and-forecasts-to-2028-surge-in-ai-integration-and-ott-platforms-drives-opportunity-and-growth-301889224.html
SOURCE Research and Markets
Keynote Presentation by Cisco: How Hybrid Models are Successfully Transforming the Work and Customer Experience
ITEXPO #TECHSUPERSHOW Exhibitor Move Out