The global impact of COVID-19 on the cloud market size is projected to increase from $23 billion in 2019 to $295 billion in 2021 with an average annual growth rate (CAGR) of 12% over the forecast period. Key factors driving the market growth include companies that need to support remote workforces to drive investments in IT infrastructure for hyperscalers, cloud service providers (CSPs), Internet service providers (ISPs) and managed hosting providers. Demand, increasing demand for the cloud, and more. The suitability of the underlying business continuity tools and services and public cloud environments best suited for today’s unprecedented scenarios.
A full report of COVID-19 Impact on Cloud Computing Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-cloud-computing-market/45578/
COVID-19 Impact on Cloud Computing Market Segmentation
By Technology
• SaaS
• IaaS
• PaaS
By Vertical
• Banking financial services and insurance
• Healthcare and life sciences
• IT and ITeS
• Retail and consumer goods,
• Telecom
• Energy and utilities
• Government and public sector
• Manufacturing
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