The COVID-19 pandemic has ushered in a significant workplace transformation, with the increased use of smart technologies accelerating Industry 4.0–the so-called fourth industrial revolution. As organizations have adapted to a remote working culture and emphasized migrating their workloads from traditional channels to digital formats, the cloud computing market has gained traction. Companies are rapidly adopting cloud solutions and services to enhance their businesses and stay abreast of the evolving industry and market environments.
The global cloud computing market was valued at $368.97 billion in 2021 and is expected to expand at a 15.7% CAGR from 2022 - 2030. “There is no business strategy without a cloud strategy,” asserted Milind Govekar, a vice president at Gartner. Furthermore, Gartner predicts that more than 85% of organizations will embrace a cloud-first strategy by 2025.
