The cloud computing market size was valued at US$ 552.3 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 15.2% during 2022-2026. The inception of big data and the need to efficiently handle, access, and manage it drives the demand for cloud computing platforms/products and services. Additionally, with increasing dependency on IoT devices, data hosting on the cloud is inevitable further propelling the demand for cloud computing.