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Oracle Corporation
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=== '''Total Addressable Market (TAM)''' === The total addressable market (TAM) for Oracle is characterized as the worldwide information technology industry. As per research reports, the global information technology sector expanded from $8,179 billion in 2022 to $8,852 billion in 2023, registering a compound annual growth rate (CAGR) of 8.2%. By 2027, it is anticipated that the market valuation will reach approximately $11,995 billion, demonstrating a CAGR of 7.9%. The predominant catalyst fueling this anticipated expansion is poised to be cloud computing.
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