Cloud Computing Market Outlook 2026 Size, Share, Growth, By Service, Technology, Forecast
According to TechSci Research, 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. With cloud-based storage, teams in different locations can simply share and collaborate on documents effortlessly. There is no need to install additional network infrastructure for connecting to the on-premises equi...