The rapidly expanding cloud hosting industry is expected to grow nearly 20% this year to almost $250 billion in worldwide revenue, fueled largely by the proliferation of data in Internet-of-Things devices, artificial intelligence, and Software-as-a-Service business applications. Nearly 40% of small and medium businesses utilize some form of cloud hosting, which provides operational agility in the forms of improved collaboration, the ability to work remotely, better control of documents, and a reduced carbon footprint.
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