Pune, Oct. 09, 2024 (GLOBE NEWSWIRE) — Public Cloud Market Size Analysis: “ According to SNS Insider, the Public Cloud Market was valued at USD 607.55 Billion in 2023 and is projected to reach USD 1800 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.83% over the forecast period from 2024 to 2032. ” Accelerating Adoption of Digital Transformation One of the primary drivers contributing to the growth of the public cloud market is the increasing adoption of digital transformation strategies across various industries. Organizations are increasingly leveraging public cloud solutions for their flexibility, scalability, and cost-efficiency. The shift from traditional IT infrastructure to cloud-based systems allows businesses to enhance their operational efficiency and reduce overhead costs. Furthermore, the rising demand for remote work solutions and collaboration tools has propelled organizations to adopt public cloud services, allowing employees to access applications and data from anywhere at any time. As reported by the U.S. National Institute of Standards and Technology (NIST), over 90% of federal agencies are now utilizing cloud services, highlighting a significant shift towards cloud-based infrastructure in government operations. The market is also bolstered by significant advancements in cloud technologies, including machine learning and […]
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