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With the digital transformation and modern technology evolution, cloud computing is gaining huge attention from different sectors of business. The cloud computing service sector is one of the rapidly growing industries, where businesses are investing dollars to adopt this technology.

Cloud computing is a technology that allows the user to access computer resources such as servers, databases, networking, analytics, software, and intelligence over the internet, referred to as cloud. Cloud computing is defined as the delivery of various services over the internet including different tools and applications and is a popular concept among individuals or businesses who need a large storage space with an offsite data backup solution.

There are three major types of cloud computing; Software-as-a-service (SaaS), Infrastructure-as-a-service (IaaS), and Platform-as-a-service (PaaS). SaaS involves the licensure of a software application to the customers in demand, IaaS includes a way for delivering every aspect from the operating system to the servers and storage as a part of on-demand service, while PaaS is an actual platform for creating software that is delivered through the internet.

Cloud-based software helps businesses for all sectors with numerous benefits such as the ability to use software from any device either through an application or browser, check emails, create testing applications, storage, backup, data retrieval, audio and video streaming, and deliver required software on demand.

Cloud Computing Market Scenario:

The global cloud computing market has witnessed robust revenue growth in recent years and is expected to continue expanding over the forecast period. This is due to increasing demand for machine learning, artificial intelligence, big data, edge computing, and 5G technologies. In addition, rising digital transformations among businesses, high preference for cloud computing due to cost efficiency, scalability, and flexibility, and increasing remote work and collaboration has resulted in increasing adoption of cloud computing services.

However, several factors such as low awareness about the benefits of cloud computing, lack of technical expertise, and higher initial cost are expected to hamper overall market growth during the forecast period. To overcome these challenges, many leading companies are taking efforts to develop and launch enhanced solutions and services.

Some of the Leading Companies in the Cloud Computing Industry:

Google:

Google Cloud is a segment of cloud computing services of Google that offers a wide range of platforms and infrastructure services for businesses, enterprises, and developers. It provides a rapid and scalable infrastructure that allows users to deploy, build, and scale applications and services in the cloud. With key components such as storage and database, computing services, networking, machine learning and artificial intelligence, big data and analytics, development tools, and security, Google has been a pioneer in the cloud computing services industry.

Amazon Web Services:

Amazon Web Services, a subsidiary of Amazon is one of the largest cloud computing platforms that offers cost-effective and scalable solutions. It is a part of the IaaS category that provides various services such as computing power, database storage, content delivery, virtual servers, big data solutions, storage, and others. Amazon Web Services is known for its reliability, security, and flexibility and provides its services to various organizations, government agencies, educational institutions, and others.

Microsoft:

 Microsoft Azure is a widely known cloud computing platform, launched by Microsoft that provides a wide range of services such as network services, cloud storage, network services, cognitive services, databases, IoT, and analytics. The firm helps in managing, building, and deploying applications easily. The tools developed by Microsoft Azure is well known for providing IaaS, PaaS, SaaS, and serverless functions which are compatible with open-source technology and provide flexibility to the users as per their preferred tools and technologies.

Alibaba Group:

Alibaba Cloud is the cloud computing segment of Alibaba Group, which is one of the largest e-commerce and technology companies across the globe. Alibaba Cloud provides inclusive cloud computing services such as object storage service, elastic computing service, virtual private cloud, big data and analytics, machine learning, and artificial intelligence.

Salesforce, Inc:

Salesforce is a cloud-based customer relationship management platform that provides different tools and services to aid businesses management of their customer relationships, sales processes, and marketing efforts. The core functionality of Salesforce revolves around customer relationship management, supporting businesses to centralize and manage customer interactions, information, and activities. The platform is best known for its flexibility, scalability, and ongoing innovations to meet customer requirements and operates on a subscription-based model, and its services are delivered over the cloud.

IBM:

IBM Cloud is a collection of various cloud computing services for business-to-business (B2B) organizations. With services such as PaaS, IaaS, SaaS, hybrid cloud platforms, data science tools, analytics services, IoT platforms, and others, IBM Cloud is available for operating in the public, on-premises, or in combination. These tools are open-source technology, have a global footprint, and also offer services at lower prices.

VMware:

VMware is an organization that specializes in cloud computing and virtualization. The firm’s products and services are designed to enable organizations to manage, run, connect, and secure applications across different clouds and devices such as desktop and application virtualization. The services offered by VMware are used for deploying, integrating, building, and extending applications in the cloud.

Oracle:

Oracle cloud computing service and platform is offered by Oracle Corporation which is a multinational technology company known for its enterprise software, database management systems, and various other business solutions. With offerings such as networking, storage, computing, and others, the firm has been proficient in providing high-quality services for its customer base.

Cisco Systems:

Cisco Systems is a multinational organization that is known for manufacturing, designing, and selling various networking hardware, telecommunications equipment, and other products and services. This is a major player in the networking industry and provides various solutions for security, collaboration, cloud computing, networking, and IoT.

Red Hat, Inc:

Red Hat, Inc. is a globally well-known enterprise that provides effective open-source solutions including middleware, operating systems, storage, virtualization, cloud computing technologies, and storage. It offers varied solutions for managing and building a cloud infrastructure including the red hat virtualization for integrated computing and storage.