Threefold Increase Expected in the Cloud Engineering Market
The Cloud Engineering Market is set to experience a huge growth in the coming years with the ever-increasing enterprise adoption of cloud computing technologies.
The major driving factor behind the adoption of cloud engineering services has been the requirement of enterprises for efficient scalable infrastructure and the growing demand for tailored services.
Benefits of Cloud Consulting
Cloud consulting helps organizations not just in identifying business opportunities but also in making the right decisions throughout the product lifecycle involving design, development, implementation, migration, and security. It also aids in reducing costs and improving service delivery along with customer experiences.
The forecast for the cloud engineering market is a Compound Annual Growth Rate (CAGR) of 23.2 percent that translates to a growth to USD 13.43 billion in 2022 from USD 4.73 billion this year. While North America has the largest market share presently with the maximum contribution from the US and Canada, the APAC region is expected to have the fastest growth during the forecast period.
Various factors such as advanced IT infrastructure, a huge number of enterprises with proficient technical expertise and standard regulations have contributed to the growth of the North American market.
Cloud engineering has enabled the rapid growth of the retail and consumer goods industry through the design of efficient solutions for the effortless integration of multiple shopping channels and enhancing the consumer shopping experience.