The cloud has solidified its role as the foremost driving factor propelling the global shift toward digital business. It now serves as the foundational platform for digital giants, constituting over a quarter of the revenues in both IT and business services – a figure projected to reach 50% by the mid-2020s.
Businesses, both large and small, now prefer convenient cloud services over restrictive and expensive outsourcing and on-premise solutions. Given its success, many traditional incumbents have embraced a ‘cloud-first’ strategy.
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