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Cloud Computing Market Trends and Forecast
The future of the global cloud computing market looks promising with opportunities in BFSI, telecommunication, government and public sector, retail and consumer goods, and manufacturing industries. The global cloud computing market is expected to reach an estimated $2,190.9 billion by 2030 with a CAGR of 18.8% from 2024 to 2030. The major drivers for this market are the shifting from traditional to cloud based technology due to increasing adoption of artificial intelligence and machine learning, growing automation, and increasing need of advanced technology to increase return on investment with lower infrastructure and storage cost.