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The Global Cloud Computing Market size is expected to grow from USD 272.0 Billion in 2018 to USD 623.3 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. This report spread across 174 pages, profiling 10 companies and supported with 66 tables and 35 figures are now available in this research. An exclusive data offered in this report is collected by research and industry experts team.

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Top Companies Profiled in the Cloud Computing Market:

The key features of IaaS include automated administrative tasks, dynamic scaling, platform virtualization, and network connectivity. IaaS enables enterprises to leverage their IT infrastructure without paying for the construction of the physical infrastructure. Moreover, it provides flexibility, mobility, easy, and scalable access to applications, and enhanced collaboration to help enterprises focus on their core businesses.

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The retail and consumer goods vertical is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. Various factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations leading to the existing customer retention and new customer acquisition.

North America to hold the largest market size and Asia Pacific (APAC) to grow at the highest rate during the forecast period

North America is the most mature market in terms of cloud computing services adoption, due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise. APAC is expected to offer significant growth opportunities for cloud computing vendors during the forecast period. Rapid advancements in emerging technologies, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt cloud computing services.

Breakdown of primary participants profile:

Competitive Landscape of Cloud Computing Market:

1 Microquadrant Overview

1.1 Visionary Leaders

1.2 Innovators

1.3 Dynamic Differentiators

1.4 Emerging Companies

2 Competitive Scenario

2.1 Partnerships, Agreements, and Collaborations

2.2 New Product Launches

2.3 Business Expansions

2.4 Mergers and Acquisitions

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Research Coverage:

The report segments the global cloud computing market by service model which has been further segmented into IaaS, Platform as a Service (PaaS), and Software as a Service (SaaS). The workload segment covers storage, backup, and Disaster Recovery (DR);application development and testing; database management; business analytics; integration and orchestration; Customer Relationship Management (CRM);Enterprise Resource Management (ERM);collaboration and content management; and others (networking, security, Human Capital Management (HCM), and others).

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Cloud Computing Market to 2023 research: growing steady at 18.0% CAGR and projected to reach US$ 623.3 billion - WhaTech Technology and Markets News