Cloud Computing Market Volume, Analysis, Future Prediction, Industry Overview and Forecast 2026 While the pandemic has induced one of the most influential workplace transformations of all times, it has also changed the way businesses have been operating and leveraging smart technologies. As more companies decide migration of their workload from traditional channels to the digital formats, cloud computing is expected to witness an upswing in demand. The global cloud computing market report by Fairfield Market Research, an ongoing study, suggests that the upsurge in adoption of cloud computing solutions will predominantly be driven by the growing consumerisation of IT, evolving requisites of IT, firming up of emerging technologies, and rising awareness among businesses regarding the potential benefits of embracing cloud. The market will also gain significantly from the flourishing startup ecosystem worldwide, especially across the developing Asian economies.
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SaaS Remains Preferred as a Flexibly Priced Cloud Model In terms of cloud services in demand, Software as a Service (SaaS) is likely to remain the top revenue generating segment, which the report clearly attributes to its superior convenience quotient in terms of deployment, and maintenance. Flexible costs are also a crucial factor pushing SaaS demand in global market. As far as the deployment of cloud is concerned, private deployment continues to be the most popular choice among end users. The hybrid model however has been recently emerging highly lucrative in the market as more number of businesses are showcasing interest around the benefits of implementation of hybrid cloud. An exploding drive for Big Data, and machine learning (ML) is making the immediacy, and scalability of cloud computing more desirable for businesses. A staple at a considerably high number of large, and medium enterprises, cloud computing has been marking the prominence across a growing number of small-sized enterprises as they increasingly seek more agile operations.
Cloud to Spread its Roots Faster across Small Enterprises Cloud demand will further proliferate with more enterprises registering demand for integrated platforms with an objective to achieve enhanced collaboration between the multiple business disciplines. Although large enterprises tend to capture the lion’s share in