Distributed Cloud Market Size

Distributed Cloud Market size was valued at USD 3.43 billion in 2023 and is likely to reach USD 43.59 billion by 2036, expanding at around 21.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of distributed cloud is assessed at USD 4.02 billion. Distributed cloud deploys multiple clouds that are used to meet compliance and performance requirements, and support edge computing, while being centrally managed from the public cloud provider. The growth of the market can be attributed to the increasing adoption of cloud computing across various industry verticals. For instance, cloud computing services generated almost USD 400 billion in revenue in 2021. Furthermore, distributed cloud services provide various advantages, including faster content delivery, better storage and distribution of content, and improved delivery speed. Moreover, growing penetration of internet, and installation of cloud servers are estimated to boost the growth the market. According to the World Bank Statistics, 56.727% of the global population used internet in 2019. Additionally, growing technological research and innovation, and upgrades in cloud technology are estimated to further boost the market growth.