According to a report by The Insight Partners, the global cloud computing market is expected to grow at a compound annual growth rate of 17.2% between 2021 and 2028. The surge in AI integration and OTT platforms is driving the growth of the market. The report also highlights that the increasing demand for cloud-based services and solutions, the growing adoption of cloud-based applications, and the increasing demand for cloud-based storage solutions are some of the major factors driving the growth of the market. Furthermore, the increasing demand for cloud-based services and solutions across various industry verticals is also expected to contribute to the growth of the market.
Opinion:
The global cloud computing market is expected to experience a significant growth over the next few years, driven by the increasing demand for cloud-based services and solutions. However, there are some risks associated with the adoption of cloud-based services, such as data security, privacy, and compliance. Therefore, it is important for organizations to ensure that they have the necessary security measures in place before adopting cloud-based services.
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