Public Cloud Market to See Fruitful Growth In Forecast
Period to 2026
Public Cloud Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Public cloud refers to the standard cloud computing model-based service provider enabling
general users the access to virtual machines, storage or applications over the internet. Public
cloud is either available free of cost or on pay-per-usage basis. These services provide high
scalability, cost savings, agility, simplicity, and efficient business growth prospects, due to which
the demand for public cloud has increased over the past decade and is gaining high traction from
various
companies.
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According to Coherent Market Insights’ analysis, public cloud market is projected to witness
growth at the rate of 20% over the forecast period (2017 to 2025), with Amazon, Microsoft,
Alibaba, Google, and Rackspace leading the market.
Systems Infrastructure Services (IaaS) is expected to gain significant traction over
the forecast period
Increasing number of startups are focusing on business enhancement and expansion, which
requires high initial capital for development of these resources. As public cloud offers its services