Market Growth and Penetration

According to a report by GlobalData, the cloud computing market is expected to grow to $1.3 trillion by 2025, with a compound annual growth rate (CAGR) of 21.1% from 2020 to 2025. This growth is driven by increasing demand for cloud infrastructure and platform services, as well as growing adoption of hybrid and multi-cloud strategies. Cloud computing is no longer a novelty; it has become a business imperative for companies looking to stay competitive and agile in today’s digital economy. Revenue of $445 billion in 2022 from cloud computing in North America and Europe underpins the speed of this growth. Amazon Web Services, Google Cloud, and Microsoft Azure have been at the forefront of this cloud revolution, offering a range of services and solutions that cater to the evolving needs of businesses.

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European and American Market Leaders

In the European and American markets, the tech giants AWS, Google Cloud, and Microsoft Azure are neck and neck. AWS, leading the pack, announced its upgrade and expansion of its cloud computing infrastructure in February 2023 (AWS). This move reinforced its position as the leader in the European market, according to a report by Canalys. Microsoft Azure continues to invest in its cloud services, committing $10 billion to datacenter expansion projects in the next 10 years. According to Bendheimunes’ stats, Azure Sales went up 253% years on year in EU and 50% higher in North America in 2022. Google Cloud, trying to catch up with its competitors, signed deals with a number of multinationals in 2023, increasing sales by 260%. As a result, Google Cloud’s Expert ‘VPW’ business went up by over 30 times, five leverages high ad me with the North American clients, surmounting AWS excluding Pentagon, determined this information