The cloud computing market - Italy

To better understand the definition of "Cloud Computing," let's break down the term into: -Cloud i.e., a technology that enables the use through remote servers of software and hardware reserves (such as, for example, data storage systems) whose service is given as a form of subscription -Cloud Computing i.e., a business model in which a product is not purchased but the fact that it can be used remotely without physically disposing of it There are several services that can be delivered in the Cloud but generally we refer to SaaS (Software as a Service), PaaS (Platform as a Service) and IaaS (Infrastructure as a Service). As for the global market, according to a study conducted by Grand View Research, the global Cloud Computing market is expected to reach $1,554 billion by 2030, registering a CAGR of 14.06 percent from 2023 to 2030. Several factors are driving this growth: digital transformation in many sectors, the growing adoption of 5G, artificial intelligence, the Internet of Things (IoT), and the consumption of big data. Compared to the Italian market, its value in 2021 increased by 16 percent from the previous year. The service that grew the most was PaaS (+31%), followed by Iaas (+23%) and finally SaaS (+13%). This remarkable growth is due to the fact that, thanks in part to the pandemic, in large Italian companies 44% of the application fleet is on the Cloud.

As for future trends within the industry, more and more companies are adapting their business models to this technology that makes many business practices cheaper and more efficient. In addition, many small and medium-sized Italian companies are focusing their attention on organizational change with the intention of incorporating Cloud Computing into their business logic.