Global Cloud Services Market Is Expected To Grow with a Healthy CAGR During 2018-2025
Qyresearchreports include new market research report Global Cloud Services Market Size, Status and Forecast 2018-2025 to its huge collection of research reports.
This report focuses on the global Cloud Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud Services development in United States, Europe and China.
Cloud computing is the practice of sharing network of remote servers which are hosted on the internet to store, process, share, and manage data rather than on a local server or a personal computer. It specifically refers to a common storage space through which all the devices in the network can access data simultaneously. The use of cloud computing technology not only provides cost benefits but also makes data accessible to all devices in the network at any time and from any location.
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The global cloud computing services market size is driven by many factors. The most important factor, which is driving the market, is the cost effectiveness. With the deployment of cloud computing services, organizations can save more than 35% of the annual operating costs. The other factor includes all the functional capabilities, which boost up the business performances of the organizations. In addition, substantial increase in the number of small and medium enterprises will eventually lead to the increased adoption of cloud services in such regions.
In 2017, the global Cloud Services market size was 291300 million US$ and it is expected to reach 983100 million US$ by the end of 2025, with a CAGR of 16.4% during 2018-2025.
The key players covered in this study
Market segment by Type, the product can be split into
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Market segment by Application, split into
Academics and education
Banking, Financial services and Insurance
Supply chain management
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Cloud Services status, future forecast, growth opportunity, key market and key players.
To present the Cloud Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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