Cloud computing has come a long way since its early stages in the early 2000s, and there is no sign of it slowing down anytime soon. According to a global research firm Gartner, the cloud market grew by 16.3 percent during the second quarter of 2021, reaching a record high of $65 billion. This is despite a slowdown in overall cloud growth over the course of the last year.
The biggest contributor to this impressive market growth is the move to the cloud by larger organizations. Businesses of all sizes are increasingly choosing to move their workloads and services to the cloud due to its many advantages. These include faster deployment times, cost savings, more secure data, and better scalability.
Much of the growth in the cloud market this quarter is attributed to the popularity of public cloud services, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. These services provide businesses with a wide array of infrastructure, platform, and software services that can be used to reduce costs and boost efficiency.
The sustained demand for cloud services is also driven by increasing demand for technologies like artificial intelligence and machine learning. These technologies are becoming more and more popular due to the various business advantages that they provide, such as better insights into customer behavior, higher productivity, and improved scalability.
Cloud services also provide a safe and secure environment for companies to store their data and applications. This is another major factor driving the growth of the cloud market, as companies are increasingly looking for better ways to protect their data and applications from malicious actors.
Overall, the global cloud market remains robust due to continued growth in the demand for cloud services. Many businesses are moving their workloads and applications to the cloud to reduce costs and improve efficiency, while also taking advantage of the secure environment it provides. With the increasing popularity of artificial intelligence and machine learning, the cloud market is likely to remain strong in the coming years.
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