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Cloud Computing Market Was Estimated to Grow At 19.7% CAGR During the Forecast Period Due to Rise in Adoption of Hybrid Cloud Computing Services Among Major Industries: Says Absolute Markets Insights
The cloud computing market is expected to grow in multiple folds due to, increase in the adoption of hybrid cloud computing services among major industries to tackle their complex digital transformations and security-related concerns across the regions. For instance, the healthcare organizations are migrating its critical clinical and IT applications such as environment, health & safety (EHS) and picture archiving & communication system (PACS) on the hybrid cloud to migrate the applications & associated data with the required technical up gradation. Healthcare organizations especially need flexibility, ease of management and security of data that the hybrid cloud fulfills the requirement. To quote the aforementioned sector, which has deployed its IT infrastructure on the hybrid cloud is the University of Utah Health. It is regions only university, that has four hospitals and ten community clinics and implemented a hybrid IT environment to support their complex application function that contains health records and medical operations-related data. The hybrid cloud infrastructure ensures the application is supported in case of any up-gradation and ensures disaster recovery of data when they require.
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The detailed research study provides qualitative and quantitative analysis of cloud computing market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America , Europe , Asia Pacific , Middle East & Africa and Latin America .
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