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  • 17 July 2018 22:00

Need To Know About Cloud Computing Market- How It Transforming The Business?

Global Cloud Computing Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Cloud computing is a form of Internet-based computing that enables shared computer processing resources and data to computers and other devices on demand. This model enables ubiquitous, on-demand access to shared pool of configurable computing resources such as computer networks, servers, storage, applications, and services, which can be rapidly provisioned and released with minimal management effort.

Cloud computing services deliver information technology or IT as part of their service over the internet or a specific dedicated network. Cloud computing helps in the efficient management of management of data and also eases processing and the storage of data in a particular network. It basically refers to a storage space that is common in nature by the help of which all the devices which are linked to the network can have access to the data. Cloud computing is a shared computing resources rather than having local servers or personal devices to handle applications. Cloud computing boasts several attractive benefits for businesses and end users. Some of them are self service provisioning, elasticity, pay per use, workload resilience, and migration flexibility.

Cloud computing has been witnessing increasing market traction within major geographies across the globe. Cloud computing technology offers tremendous cost benefits over traditional in-house systems for data storage. However, migrating to cloud is marred with its own set of challenges such as incompatibility with legacy systems and data security issues. Furthermore, cloud vendors are increasingly devising innovative pricing modules to cater to a wider consumer segment.

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