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Cloud Data Center Market Share

Report ID: GMI5491
Published Date: Mar 2023
Report Format: PDF

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Cloud Data Center Market Share

Some of the major companies operating in the cloud data center market are :

Microsoft Azure
Amazon Web Services
Alibaba Cloud
IBM Cloud
Google Cloud Platform.

These companies mainly emphasize the development of innovative technologies, the launch of new products, and the execution of growth initiatives through collaborations and expansion strategies to retain their market position.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for cloud data center was worth over USD 20 billion in 2022 and is projected to record lucrative growth at more than 10% CAGR through 2032 driven by rapid digitalization across various industries.

The software-as-a-service (SaaS) segment is likely to witness more than 10% CAGR from 2023 to 2032 attributed to the benefits of cost reduction due to the elimination of hardware costs and time needed configuring resources.

North America cloud data center size is expected to surpass USD 30 billion in revenue by the end of 2032, owing to the rising investment in the development of data centers across the region.

Microsoft Azure, Amazon Web Services, Alibaba Cloud, IBM Cloud, and Google Cloud Platform are some of the major corporations engaged in the cloud data centers business.