The Government Cloud Computing Market is expected to reach $2030 by 2023, according to a report by Benzinga. The report states that the market is expected to grow at a CAGR of 8.3% during the forecast period from 2018 to 2023. The report also states that the growth of the market is being driven by the increasing demand for cloud-based services in the government sector. Factors such as the increasing adoption of cloud computing in government organizations, the rising need for cost-effective solutions, and the increasing demand for cloud-based services in the government sector are also contributing to the growth of the market.

Cloud High Performance Computing (HPC) Market is expected to have a major economic impact by 2030. The HPC market is a rapidly growing sector that is expected to increase in size and scope over the next decade. It is estimated that the market will reach a value of $48.7 billion by 2030. This growth is driven by the increasing demand for cloud computing, as well as the need for more efficient and powerful computing solutions. The HPC market is expected to benefit from the increasing demand for cloud computing services, as well as the development of new technologies such as artificial intelligence and machine learning.

In a report from IDC, it is predicted that by 2023, 75% of all IT spending will be on 3rd platform technologies, as over 90% of all enterprises build “digital-native IT environments” to thrive in the digital economy. The backbone of this digital-native IT environment is the convergence of AI and cloud computing. When these two groundbreaking technologies join forces, they pave the way for revolutionary capabilities that redefine the parameters of what is achievable. This is why TechBullion recently interviewed Hammad Naeem to discuss the intersection of AI and cloud computing. Naeem discussed how the combination of these two technologies can enhance data processing and storage capabilities, improve customer experience, and provide more accurate insights from data analysis.