Cloud services are on-demand computing resources that are delivered over the internet. They offer many benefits for companies, such as saving time, money and resources, improving service levels, enabling business innovation and ensuring business continuity.
According to a global survey of 1,300 C-Suite executives, a well-executed move to cloud increased revenue and profitability. Cloud computing also supports remote work, which boosts employee productivity and mental health.
As a result, more and more companies are adopting cloud services in various forms. In 2020, the global cloud computing market was valued at $371.4 billion, and it is estimated that by 2025 it will rise to $832.1 billion. Moreover, 94 percent of all enterprises use cloud services in some way or another.
These statistics show that cloud computing is a vital and growing technology for the modern business world.