Global Public Cloud Service Market Projected to Grow at a CAGR of 4 % to Reach Market Share of USD 249 Billion by 2022
Market Highlights
In this rapidly changing environment, many businesses have adopted cloud technologies. The cloud service that is offered over a public network is defined as the public cloud service. Public cloud service has many benefits as flexibility, cost effectiveness, reliability and many more. Rapid IT modernization, investment in technological developments and other are the key factors driving public cloud service market.
Recently it has been studied that cyber security threat is increasing and this is considered as the major restraint in public cloud service market. Apart from cyber security internet downtime and limited control of infrastructure are also some of the restraining factor in public cloud service market. Government organizations from many countries are recently taking interest in complete integration with cloud technologies.
Public Cloud Service Market is growing rapidly over 4 % of CAGR and is expected to reach at USD 249 billion by the end of forecast period.
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Competitive Analysis-
Major Key Players in Cloud Service Market are:
The prominent players in the Cloud Service Market are Google( U. S.), Amazon. com, Inc.( U. S.), Microsoft Corporation( U. S.), International Business Machines Corporation( U. S.), Hewlett-Packard( U. S.), Salesforce. com( U. S.), Oracle Corporation( U. S.), VMware, Inc.( U. S.), Cisco Systems, Inc.( U. S.), Verizon Wireless( U. S.), and Rackspace Inc.( U. S.) among others.
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