As per Fortune Business Insights, the global cloud computing market size will reach around $791.48 B by 2028, showing a CAGR of 17.9% between 2022-2028. Hence, this progressive approach has the power to transform the business landscape in the next five years.
As per the report by Globe Newswire, the global market for Hadoop Big Data Analytics estimated at USD 18180 million in the year 2022, is projected to reach a revised size of USD 68030 million by 2028, growing at a CAGR of 24.6% during the forecast period 2022-2028.
As per the report by Future Market Insights, the global Data As A Service (DAAS) market size is expected to be valued at US$ 8562.4 Million in 2022. The increasing adoption of cloud services in developing countries is expected to drive market growth. The overall demand for Data As A Service (DAAS) is projected to grow at a CAGR of 23.2% between 2022 and 2032, totaling around 68,724.9 million by 2032.
Forecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 39 billion U.S. dollars in size by 2025. The banking sector has been one of the quickest to invest in blockchain, with around 30% of the technology’s market value concentrated in this field as per the insights by Statista.