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Cloud computing is a computer service that provides users with access to servers, storage, databases, networking, software, analytics, and intelligence without having to pay for and maintain physical infrastructure. The global cloud computing market is expected to grow at a CAGR of 15.1% from USD 626.4 billion in 2023 to USD 1,266.4 billion by 2028. Factors driving the growth of the market include the rising demand for cloud services, the acceleration of cloud spending due to the COVID-19 pandemic, the adoption of emerging technologies, and the need for digital transformation. Hybrid clouds, cloud-native applications, and distributed computing are some of the major developments and prospects in the cloud computing market.