The global Cloud Computing Services market is projected to reach $233,790 million by 2029, with a compound annual growth rate (CAGR) of 8.4% during the forecast period of 2023 to 2029 [dcb2f517]. The market research report provides an in-depth analysis of the market's growth potential and trends, as well as exclusive statistics and data information. It profiles key players in the industry and covers geographical regional segments, market dynamics, drivers, restraints, and challenges. The report highlights the impact of the Covid-19 pandemic on the market, including disruptions in the supply chain and decline in demand. It also discusses the segmentation of the market by type and application, providing consumption value calculations and forecasts. The report emphasizes the competition, technological advancements, changing consumer behavior, regulatory landscape, economic factors, and the growth potential and challenges in emerging markets. The Cloud Computing Services market is characterized by a large number of players, with a trend towards industry consolidation. Market Reports World is a credible source for market reports and insights. [dcb2f517]
The global cloud content delivery network (CDN) market is projected to reach $30.5 billion by 2030, growing at a CAGR of 20.8% from 2022 to 2030. CDNs play a critical role in the on-demand economy, driven by the need for zero latency. The report highlights the importance of CDNs in the robust growth of online learning/e-learning and on-demand streaming. It also discusses the global economic context, including the impact of war and fluctuating oil prices, and explores the ongoing debate over inflation and unemployment. The report provides an overview of CDNs and cloud CDNs, addresses competition in the CDN market, and touches on recent market activity [4676a282].
Rackspace Technology has collaborated with Young Hollywood on a multi-stage Google Cloud solution to transform video content management [8d3a970a]. The collaboration successfully created the necessary infrastructure, third-party metadata, video assets, and processed videos using the Google Cloud Video Intelligence API. The new cloud infrastructure provides Young Hollywood with ten times faster video processing and improved data accessibility while enabling new monetization and distribution opportunities. Young Hollywood migrated 5,092 video files to Google Cloud Storage, accelerated video processing by 10x, and made rich video intelligence data accessible across 5,000+ video assets. Rackspace Technology continues collaborating with Young Hollywood to enhance search functionalities and identify monetization and distribution strategies for video clips.
The collaboration between Rackspace Technology and Young Hollywood showcases the potential of cloud solutions in transforming video content management. By leveraging the Google Cloud platform, Young Hollywood has experienced significant improvements in video processing speed and data accessibility, leading to enhanced monetization and distribution opportunities. Rackspace Technology's ongoing collaboration with Young Hollywood highlights the importance of continuous innovation and improvement in the field of video content management [8d3a970a].
According to a report by IDC, the overall scale of China's cloud professional and management services market reached RMB21.19 billion in 2H23, up 13.5% YoY. The market scale of cloud professional services amounted to RMB15.67 billion, up 13% YoY, while the market size of cloud management services was RMB5.52 billion, up 14.9% YoY [789531a6]. This growth indicates the increasing demand for cloud services in China and highlights the potential for further expansion in the market. The report provides valuable insights into the market trends and opportunities for cloud service providers in China [789531a6].