![]() ![]() ![]() In 2020 the global cloud computing market size was valued at $247.8 billion and is expected to grow at a compound annual growth rate of nearly 20% over the next seven years. ZacksĬompanies that embraced cloud adoption early on have seamlessly adapted their systems to manage the flow of data, while firms that shied away from the cloud have struggled during the pandemic to swiftly restructure their operations. ![]() The pandemic altered the business landscape for virtually every market, but one industry in particular – cloud computing – has seen accelerated demand as organizations have been forced to migrate their workloads from traditional methods to digital formats.
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