The worth of the Cloud Computing market is estimated to hit USD 1,614.10 billion with a projected CAGR of 17.43 percent by the year 2030. The big giants that hold the market share in the cloud market are AWS, Google Cloud Platform, and MS Azure & among others.
Cloud computing refers to the flexible and scalable delivery of IT services over the Internet, accompanied by a pay-as-you-go pricing model. It eliminates the necessity for companies to invest in and manage physical data centres and servers. Instead, they can rely on cloud providers like AWS to access a wide range of technology services on demand.