Global Cloud Computing Market to Grow at a CAGR of 14.9% During 2020-27

The global cloud computing market has seen a big boom over the last few years and it has brought major changes in the business world. The significant factors responsible for the growth of this market are the internet revolution and the high consumption of big data.

As per the data revealed by Grand View Research, the global cloud computing market which valued at USD 266 Bn in 2019 is expected to grow at a CAGR of 14.9% during the forecast period, 2020-27. In the digital business world, the growth of cloud-based technologies has seen a big hike over time.

Business organizations are adopting the Internet of Things (IoT), edge computing, Artificial Intelligence (AI), and Machine Learning (ML) to run their operations effectively. Under cloud computing services, many functions such as data storage, networking, and processing are covered to help businesses execute different operations.

The improvement in the security of cloud services has also led to a boom in the growth of the global cloud computing market. The use of DevSecOps initiatives has allowed organizations to run their operations in an automated manner by ensuring the full security of their business operations.

For some who want to ask what is DevSecOps and how useful it is for any organization, it is important to know that it provides application and infrastructure security from the beginning stage. Thus, it ensures the proper working of DevOps without slowing down.

It plays a significant role in offering robust cloud security to help businesses excel in an excellent manner. In the cloud computing world, the use of Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) is likely to become prominent than through enterprise data centers.