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Public Cloud Services Market 2019-2027: Global Industry Analysis With Size And Forecast, Robson Tolson
Public Cloud Services Market 2019-2027: Global Industry Analysis With Size And Forecast, Robson Tolson
Robson Tolson
The global market for public cloud services was valued at US$ 182.36 billion in 2018 and is expected to grow at 16.5 percent CAGR over the forecast period from 2019 to 2027. (According to a research study recently published by Credence Research".)
The worldwide demand for public cloud services is driven primarily by the multitude of investments made by established tech-giants in cloud computing. Many small and medium-sized businesses in emerging economies are still largely dependent on on-premise facilities and centered on upgrading their existing solutions to accommodate the evolving IT landscape rather than changing their operating model.