Grand View Research: the cloud computing market will reach US $1251.09 billion in 2028

TechWeb 2021-09-15 04:52:29

9 month 8 Daily news , According to market research institutions Grand View Research A study of , To 2028 year , The global cloud computing market is expected to reach 12510.9 Billion dollars , In the forecast period, the compound annual growth rate is 19.1%.

This increase can be attributed to a number of factors , Including digital transformation in different industries 、 The surge in Internet penetration and big data consumption in different vertical fields .5G、 The increasing popularity of the Internet of things and artificial intelligence is expected to further support the growth of the cloud computing market .

Due to the advantages of scalability and fast data accessibility , The application of multi cloud technology has increased ,IaaS The segment is expected to achieve the highest CAGR during the forecast period .

because IT Reduction of hardware and software costs 、 Improved storage processing power and flexibility, and greater mobility of data and service access , Small and medium-sized enterprises have a high demand for cloud computing , Therefore, it is expected that 2021 - 2028 During the year , Small and medium-sized enterprises will become the fastest-growing market segment .

The study points out that , As SMEs and large enterprises pay more and more attention to strengthening their digital initiatives , It is expected that the Asia Pacific region will become the fastest growing regional market in the forecast period .