US Cloud Computing Market
According to the GMI Research, the US Cloud Computing Market is anticipated to witness a sturdy growth rate of 13.7% over the forecast period. This is because of the surging incorporation of sophisticated technologies such as Machine Learning and Artificial Intelligence.
US Cloud Computing Market Dynamics
Cloud services offer better performance to businesses because of their economical ownership cost, safety, storage handling, high-level quantification, and utility-based models. Thus, these features of the cloud services have encouraged various organizations to take initiatives to encourage the usage of cloud services by substituting existent systems and disbursing conventional systems. Moreover, the integration of machine learning, artificial intelligence, and big data with the cloud has proliferated market growth. These technologies allow organizations to use distant services on the internet to handle, store and process severe data. The adoption of these evolving technologies with cloud solutions to improve the decision-making procedure and minimize operational costs will propel market growth.
Furthermore, the growing adoption of Omni-cloud solutions because of several advantages such as easy data usage, extensibility in real-time, and safe data accessibility are projected to elevate the market growth. The data positioning system is more précised in the Omni-cloud computing system. However, users are predisposed to the cloud platform to save their private data and information relating to business and personal activities.
Service Segment Drivers
Based on Service, the SaaS segment is projected to capture the highest share over the forecast period. The dominance is attributed to the easy positioning and maintenance as well as flexible cost. A SaaS user can rehabilitate with minimum customer risk and effortless management, administer data usage, and access information. For example, various end-use industries such as manufacturing, business services, banking, retail, and government make use of SaaS for accounting. For instance, Salesforce.com is a service application that allows customer relations management solutions to accumulate all information, expectations, and guides within a single online platform.
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
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