The North American Cloud Services Market, Despite Being the Largest in 2018 at $163 Billion, Will be the Slowest Growing Market to 2022
PR Newswire is a press release distribution service. On August 1, 2019, it released an article on the Cloud Services Market, sourced from TBRC`S Cloud Services Market report.The USA was the largest country in the cloud services market worth $157 billion in 2018, nearly five times larger than China`s cloud services market, the second largest market globally. The large market size can be attributed to high Internet penetration rate in the country, and increased number of IT and financial enterprises migrating to cloud. The total number of enterprises and employees in a geography determine demand for the cloud services market. Most companies outsource their IT operations to cloud service providers so that they can focus on their core competencies.