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Report: Modal Business Breakdown & Founding Story | Contrary Research

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A report from Contrary Research. Discover Modal's founding story, product, business model, and an in-depth analysis of the business.

Thesis Just about every company relies on cloud providers for on-demand servers, storage, containers, and APIs, enabling faster deployment and easier scaling. As of 2022, the global cloud computing market was valued at $446.5 billion and is projected to surpass $1.6 trillion by 2030, growing at a CAGR of 17.4%. The industry's rapid growth is driven by microservices, container tools like Docker and Kubernetes, and API-first design, which break applications into modular components that are easier to develop, deploy, and maintain independently. As the cloud computing industry expands, so do some

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