Innovations in Cloud Architecture: Market Overview
The cloud computing stack layer market has experienced significant growth, driven by the increasing demand for scalable, cost-effective, and flexible computing resources. In 2023, the market was valued at approximately USD 30.5 billion and is projected to reach USD 83.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 15.5% during the forecast period.
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The market is segmented into three primary service models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). IaaS provides foundational infrastructure, such as virtualized computing resources over the internet, enabling businesses to manage operating systems, applications, and storage. PaaS offers a platform allowing developers to build, deploy, and manage applications without the complexity of maintaining underlying infrastructure. SaaS delivers software applications over the internet on a subscription basis, eliminating the need for installations and maintenance. Each…