The size of the global cloud computing market is expected to roughly double from 2023 to 2028, reaching nearly $1.3 trillion by the end of that five-year period. Demand for cloud computing continues to surge, and the companies that make this technology possible—data centers, platform operators, and others catering to cloud infrastructure needs—stand to be primary recipients of the increase in spending on all things cloud.
Though the cloud industry is increasingly well-established, there is still some jostling for position among cloud infrastructure firms. Further, new technological developments and expansion into burgeoning markets mean that there is space for some of these companies to capture additional market share.
