Public Cloud Market Size, Share, Analysis by Segmentation, Application
The Public Cloud Market size is expected to grow from USD 444.7 billion in 2022 to USD 987.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period according to report by MarketsandMarkets. The term "public cloud" refers to offering numerous cloud services to various enterprises at the same time (as well as the general public) on-demand access to storage, computing, and networking services over the Internet. The public cloud providers offer free or fee-based usage-based pricing models for public cloud services. AWS, Microsoft, and Google are one of the major cloud service providers that run and administer public clouds.
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