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NEW YORK, March 16, 2023 /PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Source: ReportLinker

Read the full report: https://www.reportlinker.com/p0197184/?utm_source=PRN

Global Cloud Computing Services Market to Reach $2.1 Trillion by 2030

In the changed post COVID-19 business landscape, the global market for Cloud Computing Services estimated at US$718.2 Billion in the year 2022, is projected to reach a revised size of US$2.1 Trillion by 2030, growing at aCAGR of 14.7% over the period 2022-2030. Software as a Service (SaaS), one of the segments analyzed in the report, is projected to record 14.3% CAGR and reach US$1.3 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrastructure as a Service (IaaS) segment is readjusted to a revised 17.1% CAGR for the next 8-year period.

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The U.S. Market is Estimated at $195.7 Billion, While China is Forecast to Grow at 20.8% CAGR

The Cloud Computing Services market in the U.S. is estimated at US$195.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$547.2 Billion by the year 2030 trailing a CAGR of 20.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 12.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.

Select Competitors (Total 203 Featured)

- Acquia Inc.

- Adobe Inc.

- Akamai Technologies, Inc.

- Alibaba Cloud

- Amazon Web Services, Inc.

- CA Technologies, Inc.

- Dell Inc.

- ENKI Corporation

- Fujitsu Limited

- Google, Inc.

- Hewlett-Packard Development Company, L.P.

- IBM Corp.

- Microsoft Corp.

- NTT DATA Corporation

- Oracle Corporation

- OVH

- Salesforce.com, Inc.

- SAP SE

- ServiceNow, Inc.

- Virtustream, Inc.

- Workday Inc.

- Zoho Corporation Pvt. Ltd.

Read the full report: https://www.reportlinker.com/p0197184/?utm_source=PRN

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights

World Market Trajectories

Cloud Computing: A Technology Storm Wiping Out Old School ICT

Cloud Computing: A Logical Technology Choice for Budget

Constrained Enterprises in a Slow Growing Global Economy

Cloud Computing Qualifies as the World?s Most Disruptive

Technology

Recent Market Activity

VC Investments in Cloud Computing Continues to Grow Strong

Virtualization Enables the Multi-Tenancy Concept of Public Clouds

Increased Adoption of Cloud Data Center Services Expands the

Addressable Opportunity for Public Cloud Services

Data No Longer Lives in In-House Datacenters

Convergence of Enterprise Mobility and Cloud Computing Throws

Up Lucrative Opportunities for Revenue Growth in Cloud

Computing Services Market

Focus on Green IT & Sustainable ICT Throws the Spotlight On the

?Cloud

Pure Private Clouds Become Less of a Threat to Public Cloud

Services

Robust Growth of Hybrid Cloud Helps Increase Consumption of

Public Cloud Services

Emergence of Cloud Brokerage Services Eliminates the Drawbacks

of Vendor Lock-In Associated with Public Cloud

Developments in Internet Infrastructure Lays the Foundation for

the Proliferation of Low Latency Cloud Computing Services

Cloud Advertising Services: The Largest Market Segment

SaaS: One of the Largest Segments of the Cloud Computing

Services Market

Growing Organizational Need to Embrace Digital Transformation

Fuels SaaS Growth

SaaS CRM Helps Companies Master the Art of Customer Relationships

Customization and Security Concerns Associated with SaaS Based

CRM Drives Focus on Adapting PaaS for CRM Applications

Two Tired ERP Strategies Gain Prominence

The Need to Move Beyond Personal Productivity to Team

Productivity Drives Demand for Cloud Based Office Productivity

Software

IaaS: The Fastest Growing Segment of the Cloud Computing

Services Market

Big Data Drives Demand for Storage as a Service (STaaS)

IaaS Print Set for Long Term Growth

?Apps Run the World?: Strong Growth in Application Development

Drives Demand for aPaaS

How the Cloud Transforms the Approaches to Application Development

Mushrooming of SMBs Spur Adoption of Cloud Computing Services

Comprehensive SLAs: A Solution to Overcome Ambiguity in Cloud

Services

High Cloud Readiness Index Brings Developing Countries as Focal

Points for Future Growth

Competition Heats Up

Commonly Encountered Challenges to Public Cloud Deployment

Migration Onto the Cloud: Not So Easy As it Seems

Legal, Regulatory, and Business Risks: The Three Most Peskiest

Issues

Lack of Interoperability

Inadequate Knowledge of Implementation

Inability of SLAs to Guarantee System Availability

Unchecked Cloud Deployments Threatens Cloud Sprawl

Managing the Cloud: Companies Doing It the Wrong Way

Market Outlook

Cloud Computing Services - Global Key Competitors Percentage

Market Share in 2022 (E)

Competitive Market Presence - Strong/Active/Niche/Trivial for

Players Worldwide in 2022 (E)

Excerpt from:
Global Cloud Computing Services Market to Reach $2.1 Trillion by ... - Yahoo Finance