Can cloud computing be worth $68.5 billion by 2025?

Cloud computing: A huge business

According to a study, “Cloud computing can be worth $68.5 billion by 2025. ”This means the sector will grow at 15% per year and increase its cost by that year, bringing its estimated net value to about $800 billion.

How much will the global cloud computing market be worth 2025?

Cloud market continues to grow rapidly

The size of this market was $543 billion in 2021 and Cloud market will grow to $864 billion by 2025, representing a compound annual growth rate (CAGR) of 12.8% over that period.

What is the future of cloud computing 2025?

The Future of Cloud Computing 2025-2030

The continued rise of hybrid and multi-cloud: As businesses become more comfortable with using multiple cloud providers, we will see a continued increase in the use of hybrid and multi-cloud strategies.

Will the public cloud computing market be worth $800 billion by 2025?

As per research analysis, “Cloud computing can be worth $68.5 billion by 2025,” i.e., the cloud computing industry will not only thrive at 15 percent annually but will also massively increase its cost rate by 2025, bringing its anticipated net value to almost $800 billion.

What is the projected cloud security market in US dollars in 2025?

The global IoT security market size is expected to reach USD 9.88 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 29.7% during the forecast period. Surging demand for enhanced privacy is driving the market.

Worst Cloud Computing Career Mistakes to Avoid in 2023

What will the cloud computing market be worth in 2030?

Cloud Computing Market Growth & Trends

The global cloud computing market size is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc.

What is the future market size of cloud computing?

05, 2023 (GLOBE NEWSWIRE) -- In 2022, the cloud services market is anticipated to be worth US$ 564.4 billion. According to forecasts, the market would increase from US$ 678.8 billion in 2023 to US$ 4.4 trillion in 2033, growing at a 20.5% CAGR.

What is the expected market size of cloud computing by 2026?

The global cloud computing market is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.

What is the future of cloud computing 2023?

As the pace of innovation in the cloud and the availability of new tools and services continues to explode, Gartner® forecasts worldwide public cloud end-user spending to reach nearly $600 billion in 2023. It's an exciting, promising, and sometimes dizzying space.

What is the next big thing after cloud computing?

Edge Computing

Processing data at the edge saves on the bandwidth cost of shuttling data back and forward between devices and the data center and, of course, also allows greater speeds.

What is the next big technology after cloud computing?

Hybrid computing

A hybrid cloud is when an application is operated using a combination of different technologies. Hybrid computing solutions are ever-growing in popularity because these days, almost no one relies entirely on just one single cloud solution for everything.

What is the future of cloud computing in 2030?

The global cloud computing market was valued at USD 483.98 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030.

Does cloud computing have a future?

Cloud computing is powerful and expansive and will continue to grow in the future and provide many benefits. Cloud computing is extremely cost-effective and companies can use it for their growth. The future of cloud computing is bright and will provide benefits to both the host and the customer.

Is cloud computing booming?

The pandemic caused a huge cloud computing growth spurt, and cloud is now the foundation for all emerging technology. Growth will continue, but the rate is debatable. IoT Analytics does a pretty good job of looking at the growth potential for cloud computing hyperscalers (public cloud providers) moving forward.

Is cloud computing expected to grow at CAGR of 17.5% by 2025?

Demand for a specialized workforce

According to Grand View Research, the global pre-pandemic cloud market was valued at $266 billion (USD) and the Compound Annual Growth Rate (CAGR) was expected to be 14.9% from 2020-2027. After the pandemic, the expected CAGR has grown to 17.5% by 2025.

How much data will be stored in the cloud by 2025?

200,000,000,000,000,000,000,000 bytes (200 ZB) of data will be stored globally by 2025. 100,000,000,000,000,000,000,000 bytes (100 ZB) of data will be stored in the cloud by 2025. A zettabyte is equal to approximately a thousand exabytes, a billion terabytes, or a trillion gigabytes.

How much will public cloud spend in 2025?

What this means in terms of a dollar amount is that $917 billion of the predicted $1.8 trillion of enterprise IT spending in 2025 will go on public cloud solutions. By comparison, this year spending is expected to total $1.3 trillion, with $775 billion spent on traditional solutions versus $544 billion on public cloud.

Will 100 zettabytes of data be stored in the cloud by 2025?

According to Cybersecurity Ventures, the amount of data stored in the cloud will reach 100 zettabytes by 2025. This amount equates to half of the world's data, up from one-quarter in 2015. Globally, data storage is expected to surpass 200 zettabytes by 2025.

Who is the market leader in cloud computing?

Leading Cloud Computing Companies. Amazon's (AMZN) Amazon Web Services (AWS) continues to be the market leader in cloud computing.

What will the global SaaS market size be by 2030?

Market Overview

The global SaaS market size was valued at USD 161.2 billion in 2021 and is projected to reach USD 382.59 billion by 2030 at a CAGR of 10.08% 2022 to 2030.

What is the expected size of the cloud networking market by 2023?

It expects that by the year 2023, the total size of the public cloud market could surpass the US $500 BN threshold. Recently, another survey conducted by “Statista” found that by the close of year 2021, the total size of the global public cloud market was around US $338 BN.

Has cloud computing hit its peak?

MSFT, +1.05% and Alphabet Inc. GOOGL, -0.15% GOOG, -0.19% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally reached a plateau, as companies around the world cut costs to address the slowing economy.

What is the target market for cloud computing?

Cloud providers are targeting smaller customers who can benefit from cloud's compelling economies of scale, and who are less hindered by large, existing IT capabilities. Financial services companies have strong relationships with their customers, and could use this delivery model for business services.