Cloud Computing In Power

Cloud computing is a vital technology in the power sector, with a projected market value of $1.4 trillion by 2027. The main components of the cloud computing value chain are cloud services and professional services. Traditional IT stack infrastructure vendors face competition from public cloud service providers, who offer a full portfolio of IT infrastructure and tools for application developers. The flexibility, resource-efficiency, and cost-effectiveness of cloud computing make it a key driver in the power market.