• About Us
  • Write For Us?
  • Contact
    • Contact
    • Business Services
    • Privacy Policy
  • PRnewswire
  • BusinessWire
Sunday, June 1, 2025
  • Login
  • Register
TTM
  • TTM
  • TechNews
    • All
    • AI & Big Data
    • AR & VR
    • Business Wire
    • EdTech
    • HealthTech
    • IoT
    • MarTech
    • Personality
    • Robotics
    • SaaS
    • Startups
    • Stories
    • Tips & Tricks
    • Trending
    thetechmusk-spreading-technoology

    AI Chip Market to Hit a $100 Billion Value in 2026!

    Amazon Photo Enhancement Services Explained: What Sellers Need to Know

    Amazon Photo Enhancement Services Explained: What Sellers Need to Know

    Why Perfect Pics Are Overrated: Unleash the Power of Clipping Path Services

    Why Perfect Pics Are Overrated: Unleash the Power of Clipping Path Services

    floki-and-ricerobotics

    Floki Partners with Rice Robotics to Launch AI Companion Robot!

    cat soft toys

    Why Cat Soft Toys Are the Ultimate Comfort Companion (Backed by Psychology)

    Cybersecurity and Cyberattacks in Our Generation!

    Amazon Product Listing Services for Growing Brands

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Trending
    • AI & Big Data
    • IoT
    • Startups
    • AR & VR
    • Personality
    • Stories
    • Business Wire
  • Cyber Security
    • All
    • Courses & Programs
    • How to!
    • News
    • Software
    • Tips & Tricks
    • VPN
    ViewSonic Launches World’s First Projectors Designed for Xbox!

    Strategies to Reduce VAWG Must Not Ignore Technical Surveillance Threats!

    SMART-Judiciary-in-Bangladesh

    Digital Forensics, Data Protection, and the Impact of Frontier Technologies in the SMART Judiciary!

    thetechmusk-spreading-technoology

    Cybersecurity Industry Veterans Launch Crimson Drake to Provide Tailored High-Level Security Solutions!

    amazon tips and tricks

    The Best Amazon Product Research Tools You Need to Try Today

    thetechmusk-spreading-technoology

    Tech-Savvy Nuptials: Leveraging Technology for the Modern Celebration

    thetechmusk-spreading-technoology

    86% at Risk: Is Your Phone Secretly Recording You?

    Trending Tags

      • News
      • Tips & Tricks
      • How to!
      • Courses & Programs
      • Software
      • VPN
      • Applications
    • Reviews
      • All
      • Hosting Review
      • SEO
      spreading-technology-THETECHNEWS

      The Smarter, Water-Saving Showerhead!

      spreading-technology-THETECHNEWS

      Best SEO Tools Paid and Free: Internet Marketing Must-Haves in 2023!

      spreading-technology-THETECHNEWS

      Node.js vs. Python: The Best Language in 2023?

      spreading-technology-THETECHNEWS

      The Era of High-Speed Intelligent Printing with FDM 3D Printers has Arrived!

      spreading-technology-THETECHNEWS

      Why React is Cooler than Others || TTM

      spreading-technology-THETECHNEWS

      BDIX Hosting Advantage and Disadvantage!

    • Best 05
    • Business Services
      • Thought Leadership Service
      • Small Business Program – Publicity Services
      • Our Media Kit
    • TTM
    • TechNews
      • All
      • AI & Big Data
      • AR & VR
      • Business Wire
      • EdTech
      • HealthTech
      • IoT
      • MarTech
      • Personality
      • Robotics
      • SaaS
      • Startups
      • Stories
      • Tips & Tricks
      • Trending
      thetechmusk-spreading-technoology

      AI Chip Market to Hit a $100 Billion Value in 2026!

      Amazon Photo Enhancement Services Explained: What Sellers Need to Know

      Amazon Photo Enhancement Services Explained: What Sellers Need to Know

      Why Perfect Pics Are Overrated: Unleash the Power of Clipping Path Services

      Why Perfect Pics Are Overrated: Unleash the Power of Clipping Path Services

      floki-and-ricerobotics

      Floki Partners with Rice Robotics to Launch AI Companion Robot!

      cat soft toys

      Why Cat Soft Toys Are the Ultimate Comfort Companion (Backed by Psychology)

      Cybersecurity and Cyberattacks in Our Generation!

      Amazon Product Listing Services for Growing Brands

      Trending Tags

      • Best iPhone 7 deals
      • Apple Watch 2
      • Nintendo Switch
      • CES 2017
      • Playstation 4 Pro
      • iOS 10
      • iPhone 7
      • Sillicon Valley
      • Trending
      • AI & Big Data
      • IoT
      • Startups
      • AR & VR
      • Personality
      • Stories
      • Business Wire
    • Cyber Security
      • All
      • Courses & Programs
      • How to!
      • News
      • Software
      • Tips & Tricks
      • VPN
      ViewSonic Launches World’s First Projectors Designed for Xbox!

      Strategies to Reduce VAWG Must Not Ignore Technical Surveillance Threats!

      SMART-Judiciary-in-Bangladesh

      Digital Forensics, Data Protection, and the Impact of Frontier Technologies in the SMART Judiciary!

      thetechmusk-spreading-technoology

      Cybersecurity Industry Veterans Launch Crimson Drake to Provide Tailored High-Level Security Solutions!

      amazon tips and tricks

      The Best Amazon Product Research Tools You Need to Try Today

      thetechmusk-spreading-technoology

      Tech-Savvy Nuptials: Leveraging Technology for the Modern Celebration

      thetechmusk-spreading-technoology

      86% at Risk: Is Your Phone Secretly Recording You?

      Trending Tags

        • News
        • Tips & Tricks
        • How to!
        • Courses & Programs
        • Software
        • VPN
        • Applications
      • Reviews
        • All
        • Hosting Review
        • SEO
        spreading-technology-THETECHNEWS

        The Smarter, Water-Saving Showerhead!

        spreading-technology-THETECHNEWS

        Best SEO Tools Paid and Free: Internet Marketing Must-Haves in 2023!

        spreading-technology-THETECHNEWS

        Node.js vs. Python: The Best Language in 2023?

        spreading-technology-THETECHNEWS

        The Era of High-Speed Intelligent Printing with FDM 3D Printers has Arrived!

        spreading-technology-THETECHNEWS

        Why React is Cooler than Others || TTM

        spreading-technology-THETECHNEWS

        BDIX Hosting Advantage and Disadvantage!

      • Best 05
      • Business Services
        • Thought Leadership Service
        • Small Business Program – Publicity Services
        • Our Media Kit
      No Result
      View All Result
      TTM
      No Result
      View All Result
      Home TechNews

      Public Cloud Industry to Hit a $1.5 Trillion Value by 2028, Half a Trillion More than in Earlier Forecast!

      Md. Nazrul Islam by Md. Nazrul Islam
      October 23, 2024
      in TechNews
      26 0
      0
      thetechmusk-spreading-technoology
      13
      SHARES
      645
      VIEWS
      Share on FacebookTweet

      The public cloud market has grown tremendously over the past years as billions worldwide have started using cloud storage to manage and store private data. Since 2017, the entire sector has nearly quadrupled, reaching a $773 billion value this year. The impressive double-digit growth will continue in the following years, helping the market to hit a new record value, much higher than thought before.

      According to data presented by Stocklytics.com, the public cloud market is expected to hit a $1.5 trillion value by 2028, $500 billion more than in the earlier forecast.

      Twice Higher Annual Growth Rate by 2028

      The rise of public cloud services in recent years has been nothing less than impressive. The surging need for data storage and processing power, digital transformation, remote work, and the innovation, scalability, and cost efficiency of public cloud services have helped the entire market to grow by an average of 25% per year since 2017, something not many industries have experienced.

      The growing ecosystem of cloud-native applications and services, such as AI, machine learning, and IoT, has only fueled market growth, causing the new market forecast to become much more optimistic than nine months ago.

      According to Statista’s market forecast from the beginning of the year, the entire sector was expected to hit $690.3 billion in value in 2024; now, that figure is 12% higher and stands at $773 billion. According to this new, more optimistic scenario, data centers will become a trillion-dollar industry in 2026, or two years earlier than thought before.

      The revenue difference between the Statista forecasts from January and July becomes even more significant in the next four years. According to the latest data, the global public cloud market will hit a $1.56 trillion value in 2028, or half a trillion dollars more than in the earlier forecast.

      ADVERTISEMENT

      The annual growth rate in the public cloud sector will also skyrocket. While the previous data showed the annual growth rate will float between 9.7% and 15.9% in the following years, that figure is now adjusted and stands between 17.2% and 22.4%.

      ADVERTISEMENT

      IaaS Segment to Grow 4x More than Expected, Revenue to Surge by 141% by 2028

      A deeper insight into public cloud market segments also shows much higher growth rates than in the earlier forecast. The market’s largest segment, software as a service (SaaS) is expected to skyrocket by 141%, four times more than expected, and hit a $818 billion value by 2028.

      All other market segments will also grow significantly. The latest Statista forecast shows the global platform as a service (PaaS) revenue will jump by 125% by 2028, 50% more than in the earlier forecast, and hit a $387 billion value. Infrastructure as a service (IaaS) will skyrocket by 151%, nearly twice as much as expected, reaching a $462 billion value by 2028. The business process as a service (BPaaS) segment follows with a three times higher growth rate of 73% and $128.8 billion in revenue in the next four years.

      Tags: Public Cloud Industry
      Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
      ADVERTISEMENT

      Recommended.

      Startups-THETECHMUSK

      ClinAI Chooses The Sales Ops Group to Accelerate Sales Transformation and Drive Value Proposition Alignment!

      March 26, 2023
      spreading-technology-THETECHNEWS

      Oscar Piastri becomes Global Ambassador for Dubber

      March 30, 2023

      Trending.

      spreading-technology-THETECHNEWS

      Appian appoints John Van Der Wielen as Senior Advisor – Australia

      April 12, 2023
      spreading-technology-THETECHNEWS

      ViewSonic Targets to Double its Monitors Business for Hybrid Workspace

      March 30, 2023
      Startups-THETECHMUSK

      ESO Releases 2023 ESO Fire Service Index to Explore Key Trends and Measures Affecting Fire Departments Across the Country!

      April 11, 2023
      spreading-technology-THETECHNEWS

      WorkForce Software Leads the Industry with 2023 HR Technology Leaders Award from TalentCulture

      April 11, 2023
      spreading-technology-THETECHNEWS

      IMZO Showcases the World’s Best Collection of High Quality Free Stock Images

      April 11, 2023
      Girl in a jacket

      TTM

      THETECHMUSK, shortly as TTM; spreads amazing content from worldwide based on technology, CyberSecurity, unique product reviews, applications & the BEST 05 listicles editorial approach. Get reading with the world of spreading technology!

      Follow TTM

      by sur.ly

      100% Reputable
      Tech News & Reviews

      Website
      2021

      Categories

      • AI & Big Data
      • Android
      • Applications
      • AR & VR
      • Best 05
      • Best Apps
      • Business
      • Business Wire
      • BusinessWire
      • Courses & Programs
      • CryptoCurrency
      • Cyber Security
      • Editorial
      • EdTech
      • FinTech
      • HealthTech
      • Hosting Review
      • How to!
      • Interview
      • IoT
      • MarTech
      • News
      • Personality
      • PR Newswire
      • Press Release
      • Reviews
      • Robotics
      • SaaS
      • SEO
      • Smartphones
      • Software
      • Startups
      • Stories
      • TechNews
      • Tips & Tricks
      • Tips & Tricks
      • Trending
      • VPN

      Recent News

      ViewSonic Launches World’s First Projectors Designed for Xbox!

      Strategies to Reduce VAWG Must Not Ignore Technical Surveillance Threats!

      May 31, 2025
      thetechmusk-spreading-technoology

      AI Chip Market to Hit a $100 Billion Value in 2026!

      May 23, 2025
      thetechmusk-spreading-technoology

      Fact-Checking Backfires: How Debunking Lies Can Reinforce Beliefs!

      May 21, 2025

      Reviews

      spreading-technology-THETECHNEWS

      PostPace

      You now have got a better visualization of what actually PostPace $49
      Reviews-THETECHNEWS

      Deepmind Technologies

      The mission is to develop a capable problem-solving process that is
      Reviews-THETECHNEWS

      SiteLock

      SiteLock focuses on helping out small businesses of the underserving market. $149.99 per site/year (SecureAlert)
      • About Us
      • Privacy Policy
      • Cookie Statement
      • Write For Us?
      • Contact

      © 2000-2025 THETECHMUSK || "spreading technology by TTM".

      No Result
      View All Result
      • TechNews
        • Trending
        • Startups
        • Stories
        • AR & VR
        • IoT
        • AI & Big Data
        • Personality
      • Cyber Security
        • Courses & Programs
        • Software
        • VPN
        • How to!
        • SaaS
      • Reviews
      • Press Release
      • PR Newswwire
      • Business Wire
      • Contact
        • Write For Us?

      © 2000-2025 THETECHMUSK || "spreading technology by TTM".

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In

      Add New Playlist

      Go to mobile version