Cloud Computing Market Report: Trends, Insights, and Forecast for 2030

The global Cloud Computing Market is projected to reach USD 1,902.66 billion by 2030, growing at a robust CAGR of 18.7% between 2024 and 2030. 

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For instance, in March 2023, NVIDIA Corporation, a leading provider of graphics processing units (GPUs), introduced cloud services designed to help businesses develop, operate, and refine custom large language models and generative AI applications. 

The cloud computing market comprises numerous key players, including Adobe, Alibaba Cloud, Amazon Web Services, Box, Cisco, Citrix, DigitalOcean, Fujitsu, Google, IBM, Microsoft, Oracle, Salesforce, SAP, Tencent Cloud, VMware, and many others. These companies are employing various strategies, such as launching new products and services, to maintain their competitive edge and strengthen their presence in the global market.