Dark clouds over the cloud computing market
- After a period of brisk and sustained growth, all key parts of the cloud computing industry are slowing down.
The cloud computing industry had a great run since the start of the covid-19 pandemic, as businesses and individuals adopted digital. However, in the last two quarters, the sector—which comprises infrastructure, platform and software providers offering it as a service over the internet—has shown signs of a slowdown. This is raising concerns, especially in India.