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Global cloud services market to grow at a CAGR of 17.6% during the period 2017-2022

Global cloud services market to grow at a CAGR of 17.6% during the period 2017-2022

Cloud computing is the practice of sharing network of remote servers which are hosted on the internet to store, process, share, and manage data rather than on a local server or a personal computer.

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The global cloud services Make an Inquiry about this news market share was valued at $209.9 billion in 2017, and is expected to reach $555 billion by 2022, growing at a CAGR of 17.6% during the forecast period 2017‐2022. 

It specifically refers to a common storage space through which all the devices in the network can access data simultaneously. The use of cloud computing technology not only provides cost benefits but also makes data accessible to all devices in the network at any time and from any location.

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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market historic and forecast market growth by geography.

It places the market within the context of the wider information technology services market, and compares it with other markets.

The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets.

It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.

The cloud services market section of the report gives context. It compares the cloud services market with other segments of the information technology services market by size and growth, historic and forecast.

It analyses Expenditure Per Capita, Expenditure Per Household, Cloud Services Indicators Comparison, Internet Penetration, Internet Hosts, Number Of Registered Domains, Average Internet Speed (Mbps), Number Of Registered Businesses across selected countries.

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