Growth Drivers
Increasing digitalization and technological advancements
High demand for managed cloud computing services
Increasing adoption of IaaS solutions to lower the IT burden and incurred cost
Challenges
Concerns over data protection, privacy and security
Lack of proper infrastructure and awareness about the capabilities of cloud infrastructure
Base Year |
2023 |
Forecast Year |
2024–2036 |
CAGR |
25.7% |
Base Year Market Size (2023) |
USD 1.88 trillion |
Forecast Year Market Size (2036) |
USD 96.17 billion |
Regional Scope |
|
Author Credits: Abhishek Verma
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