Public Cloud Market Share, Size, Trends, Top Companies, SWOT Analysis, Latest Insights and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Public Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global public cloud market size reached US$ 492.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,889.7 Billion by 2028, exhibiting a growth rate (CAGR) of 21.50% during 2023-2028. A public cloud represents a third-party managed information technology (IT) platform that utilizes cloud computing to provide services and resources to remote users. It comprises virtual applications, machines, and storage systems. A public cloud also includes various workloads, such as firewalls, load balancers, databases, management tools, and other platform-as-a-service (PaaS) or software-as-a-service (SaaS) elements. It is mainly free or can be availed through several subscription plans and on-demand priced schemes, including pay-as-you-go (PAYG) and pay-per-usage models. A public cloud e...