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Oracle Corporation
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=== '''Serviceable Available Market (SAM)''' === The serviceable available market (SAM) encompassing Oracle pertains to the worldwide arena of cloud computing. As indicated by research reports, the cloud computing market is projected to escalate from $581 billion in 2023 to reach $1,243.42 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 16.4%. This acceleration can be attributed to technological disruptions, particularly in areas like Artificial Intelligence and Machine Learning. Moreover, another contributing factor to this growth trajectory is the impact of the pandemic. Even post-pandemic, a portion of individuals continues to work remotely, thereby underscoring the indispensability of cloud computing for daily operations.
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