Global cloud computing market is expected to grow at a CAGR of 28.5% during the forecast period of 2022 to 2030. The concept of Cloud computing has been emerged with increasing demand for Big Data Management. Big data is a collection of large volume of structured and unstructured data generated out of Internet. The management of big data has become crucial with the arrival of Internet era. Big Data drives the demand for data management, information processing, and analytics. It requires a lot of storage space and a cluster of servers to host different users. Thus, cloud computing is a technology derived to manage the issues of Big Data.
The global cloud service brokerage market was valued at US$ 6.90 Bn in 2021 and is anticipated to grow to US$ 19.44 Bn growing at a CAGR of 12.4% throughout the forecast period from 2022 to 2030. The proliferation in demand of cloud has bolstered the number of cloud providers and has opened a space for cloud brokerage services.
The cloud- based language learning market worldwide is set to grow with a CAGR of 10.4% during the estimation period from 2022 to 2030, starting from US$ 10.4% of 182.1 Mn in 2021. Growing education industry and rising cloud- based services penetration worldwide to enhance the demand for the market.
Rapid adoption for new technology and need for reduction in data saving & handling cost are proving cloud-based solutions as vital need for business enterprises. Cloud-based contact centers are synchronized systems designed for organizations that enables communication among resources through secured and appropriate channel. Growing adoption of cloud-based services by network service providers (NSPs) is prominent factor for escalating cloud-based contact centers market. With globalization of businesses, organizations are demanding for interconnected cloud based unified communication service for their employees.
