Market Dynamics of Cloud Cost Optimization: Growth Drivers, Challenges & Forecast Through 2028
As organizations continue to accelerate their digital transformation journeys, the adoption of cloud computing has become ubiquitous. Businesses across industries are leveraging public, private, and hybrid clouds to achieve scalability, flexibility, and innovation. However, as cloud usage expands, so do the associated costs. Managing these expenditures efficiently has become one of the most critical challenges for modern enterprises. This is where Cloud Cost Management & Optimization (CCMO) comes into play—a strategic discipline focused on controlling, analyzing, and optimizing cloud expenses to maximize value and operational efficiency. Understanding Cloud Cost Management & Optimization At its core, Cloud Cost Management & Optimization involves the systematic management of cloud service expenditures to ensure effective utilization of resources and cost efficiency. It is not merely about cutting costs but about achieving financial transparency, optimizing perfor...