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The global cloud computing market is undergoing a massive transformation, projected to grow from in 2024 to $2.28 trillion by 2030 , according to MarketsandMarkets . This surge is primarily driven by the explosion of Generative AI (GenAI) , the maturation of hybrid cloud architectures , and a shift from simple cost-cutting to delivering tangible business value. Market Overview and Core Segments
The industry is categorized into three primary service models, each serving different technical and business needs: cloud hosting software
: Dominates the market with roughly 53.6% revenue share . It is the most accessible entry point for organizations, providing subscription-based access to software like Salesforce, Microsoft 365 , and Adobe. The global cloud computing market is undergoing a
: Provides developers with pre-configured environments for building and testing applications. It is a critical component for AI development and container orchestration . Leading Cloud Providers 2026 State of the Cloud Report - Flexera It is the most accessible entry point for