CLOUD COMPUTING INDUSTRY REPORT 2019 – The onset of Virtual World with Cloud

Cloud is no longer considered to be merely a tool or a server or simply a framework for storage, maintenance and retrieval of data. Cloud is now emerging as a backbone and a theory behind the formulation of business strategies. Cloud computing is not just a pillar of transformation, but is also in transformation.

The global cloud computing market is expected to grow at a CAGR of 18.1% from $271.96bn in 2018 to $623.93bn in 2023. The increase in the data generation in websites and mobile apps, the need to deliver customer centric applications for driving customer satisfaction and the need to control capital expenditure and operational expenditure are few factors that are driving the prevalence of cloud computing in today’s day and age.

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