The global market for cloud computing, which was estimated by Fortune Business Insights to be worth USD 569.31 billion in 2022, is expected to expand from USD 677.95 billion in 2023 to USD 2,432.87 billion by 2030, with a CAGR of 20% during the forecast period.
The drivers promoting market expansion include the increasing use of smartphones, the internet, and big data. Market expansion will be fueled by increasing omni-cloud solution adoption. This information is provided in the report Cloud Computing Market Forecast, 2023–2030 by Fortune Business Insights.
In order to help customers move crucial business systems to the cloud, carry out business transformations, and improve current business systems with Google Cloud’s ML and AI capabilities, Google Cloud and SAP SE have expanded their strategic cooperation.