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The cloud system infrastructure services (IaaS) segment is forecast to grow by **** percent in 2025 compared to 2024. The public cloud services market as a whole is expected to grow by around ** percent in 2025.
The cloud-based 鈥渁s-a-service鈥 market is a relatively new tech phenomenon where cloud computing resources are rented from large providers. These service companies provide businesses of all sizes with cloud capabilities without the need to purchase and maintain their own hardware and software. The software as a service (SaaS) market size alone is expected to surpass *** billion dollars in 2024.聽
Over ** percent of surveyed technical professionals from industries around the world stated that their organization was currently running apps using the as a service platform Amazon Web Services, and many of the world鈥檚 largest tech firms are quickly incorporating cloud service packages into their offerings. Microsoft鈥檚 intelligent cloud segment, which includes the Microsoft Azure cloud offerings, has grown rapidly, rivaling even the company鈥檚 long-established personal computing segment in terms of revenue generation.
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* For commercial use only
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
