Mark Richard

The Growing Prominence Of Cloud Computing in eCommerce

Since 2010, the global cloud services industry has risen year over year to reach a $370 billion valuation in 2020, marking a growth of over 380 percent in ten short years. Not surprisingly, around 50 percent of all corporate data is stored in the Cloud as of 2020. The current prediction is that worldwide end-user spending on cloud services is expected to grow 18.4% in 2021.