Following the recent release of the historically high inflation data, the Fed is expected to hike interest rates aggressively this year, which is expected to impact the tech industry adversely. According to the chief global economist of Citi Research, Nathan Sheets, the latest U.S. January inflation data is like a “punch in the stomach” for the Federal Reserve. However, due to rising demand, the global smart cloud segment is expected to withstand the squall amid rapid digitization in a highly data-driven world.
Certain smart cloud companies with robust financials are consistently developing their products and services, offering immense convenience to a plethora of users worldwide in remote work environments. In addition, according to Grand View Research, the global cloud computing market is slated to grow at a 15.7% CAGR through 2030.
