Cloud market to hit $947bn in 2026 – Operator

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A Nigerian based cloud service provider, Layer3cloud, has said cloud computing market will grow from $445.3bn in 2021 to $947bn in 2026.

The company, he noted, offered numerous value to help organisations and customers move to the cloud with ease, flexibility, and speed.

According to him, “It enables team members to work on projects remotely and collaborate in real-time regardless of the distance between them. With it, businesses can quickly scale their digital resources, cut operational costs, keep their data safe and secure, and ultimately grow their revenues and profits.”

He said many businesses that wanted to switch to the cloud did not know how to go about it, adding that they were scared the process would be costly, cumbersome, and time-consuming. Abdulazeez said, “They assume that the transition will require more from them than they are able to give. As a result, they choose to retain their data on older storage systems, despite the fact that they aren’t as efficient and flexible as cloud solutions.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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