Wednesday, July 6, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cloud Computing > Global market for cloud computing services to grow a CAGR of 17% between 2020-2027

Global market for cloud computing services to grow a CAGR of 17% between 2020-2027

The global market for cloud computing services is estimated to reach a revised size of US$937.5 billion from US$313.1 billion in 7 years.

Seda Nur Cinar by Seda Nur Cinar
September 7, 2021
in Cloud Computing
2 min read
0 0
0
Global market for cloud computing services to grow a CAGR of 17% between 2020-2027
0
SHARES
14
VIEWS
Share on FacebookShare on TwitterShare on EmailFollow on Google News

The global market for cloud computing services is estimated to reach $937.5 billion sizes from $313.1 billion in 7 years, according to the “Cloud Computing Services – Global Market Trajectory & Analytics” report. This emphasizes growing at a CAGR of 17% over the analysis period 2020-2027. The report shows an early analysis of the business implications of the pandemic and its induced economic crisis on the global market for cloud computing services.

China will reach US$222.5 billion by 2027

Infrastructure as a Service is one of the segments analyzed in the report. This segment is estimated to record an 18.4% CAGR and reach $449.3 billion between 2020-2027. Platform as a Service segment is readjusted to a revised 16.2% CAGR for the next 7-year period.

The cloud computing services market in China, the world’s second-largest economy, is forecast to reach a projected market size of $222.5 billion by the year 2027. This growth emphasizes a CAGR of 22.1% over the analysis period 2020 to 2027.

Japan and Canada, located in the other noteworthy geographic markets, are estimated to grow at 12% and 15.1%, respectively, over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Regional market leader is China

In terms of software as a service segment, the USA, Canada, Japan, China, and Europe will drive the 14.2% CAGR estimated. In the regional market segment, China will remain the fastest-growing. The market in Asia-Pacific is led by countries such as Australia, India, and South Korea. This regional market will reach $145.6 billion by the year 2027, while Latin America will expand at a 16.8% CAGR through the analysis period.

See more Cloud Computing News


ShareTweetSendShare
Seda Nur Cinar

Seda Nur Cinar

Seda Nur Cinar is the news editor of the Cloud7 News. With more than 8 years of Linux and cloud experience, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
BDx teaming up with NOVA TECH to meet demands

BDx teaming up with NOVA TECH to meet demands

Related News

IBM announces new mainframe available on Cloud

IBM announces new mainframe available on Cloud

June 30, 2022 3:55 pm
phoenixNAP partners with pliops to deliver accelerated cloud services

phoenixNAP partners with Pliops to deliver accelerated cloud services

June 30, 2022 11:30 am
Scale Computing and Wasabi to create an agile hybrid cloud storage solution

Scale Computing and Wasabi to create an agile hybrid cloud storage solution

June 28, 2022 12:35 pm
G-Core Labs partners with Graphcore to launch an all-new global cloud AI IaaS

G-Core Labs partners with Graphcore to launch an all-new global cloud AI IaaS

June 22, 2022 5:59 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Advertisement

Recent News

  • ApacheCon 2022 schedule is revealed
  • CyberProof announces Microsoft Managed XDR security services integration
  • Hacker claims to steal 1 billion users’ information
  • Micron introduces the industry’s first 176-layer NAND SATA SSD
  • WordPress team has revised its WebP plan for 6.1

Our Latest Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic
Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic

by Atalay Kelestemur
November 25, 2021 3:23 am


Cloud7 News is a news source that publishes the latest news, industry news and exclusive interviews on web hosting, cloud computing, data center, cybersecurity and Linux OS.

EXPLORE

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • Blockchain
  • How-Tos
  • Troubleshooting

RESOURCES

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. All rights reserved.

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.