cloud computing-- The latest technology for global marketing...and digital transformation of global businesses.....
01 As IT Networking, Applications, Computing, and Real-Time Communications Move to Full Cloud, Pax8 Fuels Growth of Marketplace Though cloud computing can trace its origins all the way back to the 1960s, it's only recently that the technology has become common for organizations to use and is seeing steady and substantial growth. In fact, in 2020, the total worth of the global cloud computing market was USD 371.4 billion and is expected to reach an estimated USD 482 billion in 2022. Past this, the market is predicted to grow at a CAGR of 17.5 percent, which would bring the market value all the way up to USD $832.1 billion by 2025. One company saw this transformation and growth coming and established a novel e-commerce style marketplace focused on the needs of the massive SMB/SME market and simplifying operations for the Managed Service Providers (MSPs) who serve small and medium enterprises. Earlier this week, Pax8, a company established in Denver, Colorado, ten years ago, announc...