The global cloud services market size was valued at USD 300 billion in 2021 and is estimated to reach an expected value of USD 1200 billion by 2030, registering a CAGR of 16.6% during the forecast period (2022 – 2030). Instead of using a local server or a personal computer to store, process, share, and manage data, cloud computing uses a network of remote servers hosted on the Internet. For more info @ https://straitsresearch.com/report/cloud-services-market