According to our new research study, titled “Cloud Computing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Service Model, Deployment Model, Organization Size, Vertical, and Geography,” the cloud computing market size is projected to reach US$ 1,465,818.2 million by 2028 from US$ 405,295.8 million in 2022. The cloud computing market size is estimated to grow at a CAGR of 23.9% from 2022 to 2028.

Get Sample PDF Here @ https://www.theinsightpartners.com/sample/TIPRE00012754/

Cloud computing has numerous advantages, including eliminating costs associated with installing, constructing, and managing business operations, which are fundamental difficulties encountered by SMEs. Cloud computing also allows quick access to all technological benefits. The primary reasons that small businesses are adopting cloud computing in their organizations are as follows:

• Flexibility: Organizations can use cloud computing to react quickly according to their requirements. Cloud computing diversifies organizations' workloads and allows employees to work from anywhere. When companies use Cloud Computing, they can easily hire a lower-cost workforce. The resources can also be scaled up and down depending on the company’s needs. This allows SMEs to address the needs of their customers as quickly as possible.

• Better Security: Security is one of the most pressing issues for businesses. Despite online threats, regular infrastructural security is quite challenging to monitor and maintain, so cloud-based solutions are much safer than traditional solutions, especially for small-scale businesses. Large expenditures and specialization are required, which cannot be accommodated or possible for SMEs. Besides, SMEs are most prone to exposure to other security threats, such as hardware failures, power outages, and other human errors. As a result, cloud computing solutions easily overcome these security challenges because cloud computing companies have already invested time and effort in upholding security standards and operational practices.

• Cost Cutting: Small businesses are constantly looking for ways to cut costs; as a result, Cloud Computing is the best investment for SMEs because it allows them to pay as they go. It assists SMEs in reducing expenses and promoting savings by requiring them to spend only on operational costs rather than capital expenditures and removing unnecessary costs.

• Scalability: Scalability is another benefit of cloud computing and is critical in modern business models. Modern businesses are rapidly expanding, and various cloud computing resources allow for scalability due to various factors, such as storage, features, and the number of users.

Get Complete report here @ https://www.theinsightpartners.com/reports/cloud-computing-market

Furthermore, SoftBank is increasing its investment in South American tech companies by US$3 billion. The SoftBank South America Fund II, the company’s second dedicated private investment fund, is focused on South American tech companies. Google Inc., DXC Technology Company, HP Inc., IBM Corporation, and Cisco System Inc. are key companies in the South America cloud infrastructure market. These companies are investing massive capital in South America and substantially supporting this region’s cloud computing market.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunication, Chemicals and Materials.

Contact Us:                                                                                

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi                                           

Email: sales@theinsightpartners.com                            

Phone: +1-646-491-9876