“The global cloud computing market is expected to reach $623.3 billion by 2023. According to cloud computing growth stats, the industry will grow at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period.

Global Infrastructure as a Service (IaaS) market is expected to grow with a Compound Annual Growth Rate (CAGR) of 22.9% over the forecast period from 2020-2026.

Cloud computing holds great potential for organizations that choose to stay agile and empower rapid scaling-up through partnerships and access to flexible and accessible resources.

With the cloud, IT is no longer a product, it is a service. The pay-as-you-go model holds the promise of saving money using the cloud. Efficiency and savings can be achieved, given, the attention is paid to cloud cost optimization.

With inevitable rapid changes and challenges of an evolving digital landscape, recognizing the complexity of the organization, having a long-term focus and strategic objectives is vital.”