Global Cloud Computing Market stood at USD289.25 billion in 2020 and is forecast to grow at a CAGR of 18.79% by 2026 due to the rising demand for reduced information technology (IT) costs by using the resources of the cloud computing services. This growth is on the account of the rising adoption of Internet of Things (IoT), edge computing, 5G, use of real-time analytics enabled by Artificial Intelligence (AI) and Machine Learning (ML) for the emerging countries across the world in the forecast years.

The technology has become the key enabler of excellence and the businesses are gradually becoming mobile as digitalization emerges which is expected to boost the global cloud computing market in the forecast period.

Major players leading in Global Cloud Computing Market are Microsoft Corporation, http://Amazon.com, Inc., Oracle Corporation, International Business Machines Corporation (IBM), Dell Technologies Inc., Alphabet Inc. (Google), Alibaba Group Holding Limited, VMware, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Company, etc. The top five companies had the highest market share of over 50% in 2020 that is attributed to the hybrid cloud solutions in running and managing the systems’ applications.

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Global Cloud Computing Market stood at USD289.25 billion in 2020 and is forecast to grow at a CAGR of 18.79% by 2026 due to the rising demand for reduced information technology (IT) costs by using the resources of the cloud computing services. This growth is on the account of the rising adoption of Internet of Things (IoT), edge computing, 5G, use of real-time analytics enabled by Artificial Intelligence (AI) and Machine Learning (ML) for the emerging countries across the world in the forecast years. The technology has become the key enabler of excellence and the businesses are gradually becoming mobile as digitalization emerges which is expected to boost the global cloud computing market in the forecast period. Major players leading in Global Cloud Computing Market are Microsoft Corporation, http://Amazon.com, Inc., Oracle Corporation, International Business Machines Corporation (IBM), Dell Technologies Inc., Alphabet Inc. (Google), Alibaba Group Holding Limited, VMware, Inc., Cisco Systems, Inc., Hewlett Packard Enterprise Company, etc. The top five companies had the highest market share of over 50% in 2020 that is attributed to the hybrid cloud solutions in running and managing the systems’ applications. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7680 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/cloud-computing-market/7680.html
Cloud Computing Market 2026 By Size, Share, Trends, Growth, Forecast | TechSci Research
Global Cloud Computing Market By Size, Share, Trends, Growth, Forecast 2026, Segmented By Service, By Deployment, By Application Type, By End-User, By Region, Competition Forecast and Opportunities
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