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Cloud Data Center Market Trends

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

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Cloud Data Center Market Trends

Cloud complexity is the outcome of the fast acceleration of cloud migration and net-new development without considering the operational complexities. When applications are moved to the cloud, the databases, legacy servers, and other platforms remain in the same form, thereby impeding cloud data center market development, since numerous organizations have halted their digital transformation. Complicated cloud architecture has hindered corporate operations, resulting in decreased revenue production and operational inefficiencies. Another major contributor to this problem is a shortage of skills. However, efforts are being made to minimize system complexity from databases, platforms, operating systems, containers, high-performance computing, and specialized systems by employing advanced tools to manage and monitor such systems.

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.