The cloud computing market is witnessing a remarkable surge, fueled by several key drivers shaping its growth trajectory. According to analysts at Market.us, The global cloud computing market is anticipated to reach approximately USD 2,974.6 billion by 2033, growing at a notable CAGR of 16.8% from USD 629.5 billion in 2023. This growth is primarily driven by the need for business agility and the adoption of emerging technologies like generative AI (GenAI), which demands substantial cloud infrastructure due to its scale.

In this blog, we highlight several important and notable vendors in the market.

Key vendors

• Adobe Inc.: Renowned for its creative and multimedia software, Adobe has expanded into the cloud with services that facilitate creative projects, marketing, and document management in a cloud-based environment.
• Google LLC: Google Cloud offers a wide array of services including computing, storage, networking, and machine learning, powered by the same infrastructure that Google uses internally for its end-user products.
• Alibaba Group Holding Limited: Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, provides a comprehensive suite of global cloud computing services to power both international customers’ online businesses and Alibaba Group’s own e-commerce ecosystem.
• IBM Corporation: IBM Cloud includes a wide range of services such as IaaS, PaaS, and SaaS and makes extensive use of AI and machine learning through its Watson platform.
• Oracle Corporation: Oracle Cloud offers a complete, integrated stack of platform, infrastructure, and software as a service with a strong emphasis on database services and cloud applications for business.
• Salesforce, Inc.: Salesforce leads the cloud computing market in customer relationship management (CRM) and provides a comprehensive suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
• Microsoft Corporation: Azure, Microsoft’s cloud platform, provides a wide range of cloud services, including those for computing, analytics, storage, and networking. Users can pick and choose from these services to develop and scale new applications, or run existing applications, in the public cloud.
• Cisco Systems, Inc.: While traditionally known for networking hardware, Cisco has embraced cloud computing with offerings that support cloud management, networking, and security services.
• VMware LLC: A subsidiary of Dell Technologies, VMware is a leading provider of cloud infrastructure and mobile computing. VMware’s cloud management platform allows for the deployment and management of workloads across all major public and hybrid cloud environments.
• SAP SE: Specializing in enterprise resource planning (ERP) software, SAP has expanded into the cloud, offering a range of cloud-based software solutions to manage business operations and customer relations.

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Tagged: Cloud Services, Cloud Migration, Cloud Storage, Cloud Security