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Cloud Computing Market to Grow by USD 404.7 Billion from 2024-2028, as Cost-Cutting Drives Adoption with AI Driving Market Transformation – Technavio

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NEW YORK, Nov. 8, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global cloud computing market size is estimated to grow by USD 404.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 15.19% during the forecast period. Increased inclination toward cloud computing for cost-cutting is driving market growth, with a trend towards increased inclination for private cloud for enhanced data security. However, system integration issues poses a challenge. Key market players include Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and VMware Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Cloud Computing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.19%

Market growth 2024-2028

USD 404.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.86

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 48%

Key countries

US, China, Canada, UK, and Germany

Key companies profiled

Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Rackspace Technology Inc., Red Hat Inc., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., and VMware Inc.

Market Driver

The security and compliance concerns surrounding public cloud solutions have hindered their adoption among organizations, particularly those in regulated industries like finance and healthcare. Strict regulations, such as the GDPR, restrict data storage locations. Private clouds, on the other hand, offer greater security and control by providing cloud resources to a single enterprise and keeping data within their network. The benefits of private clouds, including security and control, have led to their increasing use by various industries and government agencies. Microsoft’s Azure Government is an example of a private cloud solution catering to government agencies. The global private cloud services market is expected to grow due to these factors and partnerships between organizations. 

The cloud computing market is experiencing significant growth, with companies like Amazon, Microsoft, Google, and IBM leading the way. Technologies such as Artificial Intelligence, Machine Learning, and Big Data are trending in this space. Cloud storage and computing services are becoming essential for businesses due to their flexibility, cost-effectiveness, and scalability. The use of technologies like Containerized Computing and Virtual Machines is increasing, allowing for more efficient use of resources. Additionally, the integration of AI and ML in cloud services is enabling advanced analytics and automation capabilities. The future of cloud computing looks bright, with continued innovation and expansion expected in this dynamic market. 

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 Market Challenges

Cloud computing market growth is influenced by enterprises adopting cost-effective IaaS, PaaS, and SaaS solutions. However, challenges arise during system integration. Monolithic applications pose difficulties due to interwoven functionalities. Data migration from various formats is complex, causing interoperability issues. Choosing the right integration tool for hybrid connectivity is essential but challenging. These factors can hinder market expansion.The cloud computing market is experiencing significant growth, with various organizations adopting this technology for its numerous benefits. However, challenges persist in implementing and managing cloud services effectively. Security is a major concern, with the need to protect sensitive data and prevent unauthorized access. Cost management is another challenge, as organizations must optimize their cloud usage to avoid unnecessary expenses. Additionally, ensuring compatibility with existing systems and applications can be complex. Furthermore, the dependence on internet connectivity and potential downtime can impact business operations. Lastly, the choice between public, private, and hybrid cloud models adds to the decision-making process. Addressing these challenges requires a cloud strategy and effective implementation and management.

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Segment Overview

This cloud computing market report extensively covers market segmentation by

Deployment 1.1 Public cloud1.2 Private cloudService 2.1 SaaS2.2 IaaS2.3 PaaSGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Public cloud- In the financial services industry, public cloud computing has become the market leader due to globalization and IT sector growth. SMEs in developing economies drive the demand for business insights solutions. Financial institutions heavily rely on IT infrastructure for optimal performance, security, and connectivity. Vendors offer cloud infrastructure to various industries for data collection and analysis. However, the public cloud segment faces high cyberattack risks, including denial-of-service attacks. These factors contribute to the growth of the global cloud computing market.

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Research Analysis

The Cloud Computing Market is experiencing significant growth due to the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies in various industries. Big Data analytics is another key driver, as businesses seek to gain insights from vast amounts of data in real-time. Edge computing and 5G technologies are enabling the processing of data closer to the source, reducing latency and increasing efficiency. The market caters to both large enterprises and private deployment segments, offering Cloud infrastructure services for various applications such as Images and Videos processing, Video-on-Demand, and Real-time analytics. Industrial solutions and Internet of Things (IoT) are also benefiting from the advancements in Cloud computing, with 5G set to further accelerate the trend. Public cloud services continue to dominate the market, providing scalability and flexibility for businesses.

Market Research Overview

Cloud Computing Market refers to the global industry that provides on-demand delivery of computing resources over the internet, including servers, storage, databases, networking, software, analytics, and more. This technology enables businesses and organizations to access and use technology resources without the need for physical infrastructure or hardware. The Cloud Computing Market is growing rapidly due to the increasing demand for flexibility, scalability, and cost savings. The market is segmented based on deployment models (Public, Private, and Hybrid), service models (IaaS, PaaS, and SaaS), and regions. The market is driven by factors such as the increasing adoption of digital transformation, the need for business continuity and disaster recovery, and the growing trend of remote work. The market is also facing challenges such as security concerns and data privacy issues. Despite these challenges, the Cloud Computing Market is expected to continue its growth trajectory in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentPublic CloudPrivate CloudServiceSaaSIaaSPaaSGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

 

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SOURCE Agoda

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