In 2023, Google Cloud revenue amounted to 43.22 billion U.S. dollars, accounting for over 10 percent of Google's total revenues. The company's Cloud segment primarily generates revenue through the Google Cloud Platform (GCP), which offers a suite of cloud computing services running on Google infrastructure. Competition on the cloud In recent years, GCP has seen tremendous growth with increasing demand for cloud computing to keep pace with digital transformation. The development is fueled by the increasing demand for cloud-based services, dependency on cloud infrastructure for scalability, and the growing popularity of microservices. Tough competition from the largest cloud providers Microsoft Azure and Amazon Web Services has forced all cloud providers to continually innovate and offer new services to gain or retain existing customers. AI on the cloud The growing demand for new technologies like artificial intelligence (AI) will further fuel the demand for cloud infrastructure. AI development, deployment, and management for various applications are more straightforward on the cloud, with the availability of tools for data storage, data processing, and easy integration of machine learning in AI models. One of the critical factors that would drive the development of AI on the cloud is the providers' offer of a pay-as-you-go pricing model.

In the third quarter of fiscal year 2025, Microsoft generated over 26 billion U.S. dollars in revenue from intelligent cloud services. Microsoft is offering cloud computing services through Azure to its customers. Its solutions include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS), which can be used for virtual computing, analytics, networking, and storage, for example.

This statistic shows the vendor revenue of the public cloud market from 2012 to 2027. In 2018, revenues from the public cloud market are expected to reach combined 258 billion U.S. dollars. That same year, revenue from the SaaS and related PaaS segment was expected to amount to 170 billion U.S. dollars. Cloud computing is a model for providing on-demand access to resources, whether they are networks, storage, applications, or services. For businesses, the benefits of cloud computing are cost savings and improved business agility and responsiveness.

The global revenue in the public cloud market was forecast to continuously increase between 2024 and 2029 by in total 1 trillion U.S. dollars (+133.57 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 1.8 trillion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning Belgium and Poland. The Statista Market Insights cover a broad range of additional markets.

In 2024, Microsoft generated revenue of 33.7 billion U.S. dollars, positioning the tech giant as the leader among cloud vendors in terms of revenue. Azure —Microsoft’s cloud computing platform — offers customers services for running and managing applications in different cloud environments. Leading cloud vendors Amazon Web Services (AWS), IBM, Salesforce, and Google Cloud are all among the top five cloud vendors. These companies offer different services via the cloud to customers, which includes a wide variety of applications and other resources businesses need for their IT and operations. While AWS and Google offer products and services to customers that are similar to Azure’s, Salesforce is mainly a software as a service (SaaS) provider and the leading customer relationship management (CRM) platform. What does the future of cloud vendors’ offerings look like? Many cloud vendors are seeking to transform from being simply IT infrastructure providers to becoming business partners, by offering consulting for customers on how to improve their business operations by leveraging cloud services. In addition, cloud providers are busy developing vertical clouds, also known as industry clouds, that are optimized for particular industries. This includes industry-specific features such as security measures that are in line with regulatory requirements in the healthcare industry, for example.

In the first quarter of 2025, Google Cloud brought in 12.26 billion U.S. dollars in revenue. Google Cloud, also known as Google Cloud Platform (GCP), is a public cloud computing platform that offers computing resources for developing, deploying, as well as operating and maintaining applications and services in the cloud.

The revenue in the public cloud market in the United States was forecast to continuously increase between 2024 and 2029 by in total 505.7 billion U.S. dollars (+130.18 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 894.16 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning the Netherlands and Finland. The Statista Market Insights cover a broad range of additional markets.

In the fiscal year 2023, Alibaba Cloud generated revenues of 3,545 million U.S. dollars worldwide. Alibaba Cloud, also known as Alyiun, is a subsiddiary of Alibaba Group and a chinese cloud computing company. The company provides cloud computing services to businesses, including data storage, content delivery networks (CDN), as well as relational databases or anti-DDoS protection, among other things.

The revenue in the public cloud market in Germany was forecast to continuously increase between 2024 and 2029 by in total 40 billion U.S. dollars (+124.79 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 72.1 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find further information concerning Austria and Switzerland. The Statista Market Insights cover a broad range of additional markets.

This statistic shows global expenditure on the software as a service (SaaS) and the related platform as a service (PaaS) market from 2016 to 2027. In 2019, spending on Software as a Service worldwide is forecast to reach 170 billion U.S. dollars.Software as a Service - additional informationTogether with Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), Software as a Service (SaaS) is one of the three primary tiers of cloud computing, allowing a business to redirect resources away from IT hardware, software, and personnel expenses, and towards other needs.Under the Software-as-a-Service model, service providers sell their clients access to application software and databases. The infrastructure, platforms (operating systems), and often the details of the software are then concealed from the customer, who typically connects to the service via a client program or web browser. The customer is not responsible for maintaining any of the hardware or resources, usually paying a per-user or per-use fee. This pricing model means that costs are flexible and scalable, allowing users to be added or removed as necessary. At this time, Software as a Service generates approximately two-thirds of the revenue of the cloud computing market. While revenue growth in this area is not expected to slow greatly in the near future, the overall market share of cloud software services is expected to shrink in the face of increased cloud platform and infrastructure growth.In the Software-as-a-Service market, the largest companies are currently Salesforce, Microsoft, Adobe, SAP, Oracle, and IBM. While Salesforce is currently the largest vendor of cloud infrastructure services, the market is presently less concentrated than the cloud infrastructure segment.

In the fourth quarter of 2023, enterprise spending on cloud infrastructure services reached approximately 74 billion U.S. dollars. The market has seen a steady increase in quarter-over-quarter revenue over the past years and passed the 50 billion U.S. dollars mark for the first time in the fourth quarter of 2021.

The cloud infrastructure services market includes revenue from infrastructure as a service (IaaS), platform as a service (PaaS), and hosted private cloud services.

The forecast shows the projected revenue of cloud computing in North America from 2016 to 2024. In 2018, the North American cloud computing market is estimated to reach billion 54 U.S. dollars in size.

The revenue is forecast to experience significant growth in all segments in 2029. This reflects the overall trend throughout the entire forecast period from 2020 to 2029. It is estimated that the revenue is continuously rising in all segments. In this regard, the Software as a Service segment achieves the highest value of 445.59 billion U.S. dollars in 2029. Find other insights concerning similar markets and segments, such as a comparison of revenue growth in Germany and a comparison of revenue in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

SAP's cloud revenue was over 17 billion Euros in 2024 and is expected to experience a steady growth for the year 2025. It has been reported that SAP switched from license revenue to cloud revenue since 2022.

In 2024, the Chinese technology company Huawei generated over 69 billion yuan from its cloud computing business segment. Together with Baidu, Alibaba Cloud and Tencent Cloud, Huawei dominated the public cloud service market in China.

In 2023, the global spending on public IT cloud services amounted to approximately 669 billion U.S. dollars in total. Software as a service (SaaS) spending is the largest segment with revenues of around nearly 413 billion U.S. dollars. This growth is driven by organizations across the world replacing their legacy business applications with SaaS applications that are more data-driven and a more appropriate fit for modern cloud architectures. What are SaaS, PaaS, and IaaS? SaaS, Paas, and IaaS are different types of cloud service models. Depending on how much an organization wants to manage its information technology (IT) infrastructure by itself, it can choose one or more of the three service types. SaaS is the most used option for organizations and includes applications, whereas PaaS delivers a framework for developers to build applications. Finally, IaaS is entirely self-service for accessing and monitoring computers. Advantages of cloud service models All these different service models are delivered over the internet and managed to varying degrees by third-party vendors. In choosing one or more of these cloud service models and relying less on running business applications on premises, organizations can spend less money on hardware and software. They can also manage applications with greater flexibility and speed while reducing vendor lock-in.

In 2022, software as a service (SaaS) is expected to represent the largest segment of the global cloud computing market, with 185 billion U.S. dollars in revenues. Revenues from all three cloud segments are forecasted to increase in 2023, being important enterprise computing components. Cloud computing segments Cloud computing can be compartmentalized into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). Each of these service models can be differentiated by the degree of responsibility and ability to have direct control over the resources. The growth in cloud computing For several years now, cloud computing has been revolutionizing the IT and business landscape as it provides highly scalable computer system resources on demand. Because the cloud increases efficiency, speeds up deployment, and is secure, it is considered a good choice in a variety of business contexts. Notably, organizations increasingly opt for hybrid and multi cloud strategies, because these architectures provide great flexibility to move workloads to where they need to be.

Over the last two observations, the revenue is forecast to significantly increase in all segments. This reflects the overall trend throughout the entire forecast period from 2020 to 2029. It is estimated that the revenue is continuously rising in all segments. In this regard, the Software as a Service segment achieves the highest value of 36 billion euro in 2029. Find other insights concerning similar markets and segments, such as a comparison of revenue in the United Kingdom and a comparison of revenue in France. The Statista Market Insights cover a broad range of additional markets.

In the third quarter of financial year 2025, Microsoft Azure revenue growth stood at 33 percent. Azure is Microsoft's cloud computing service that is used for creating a variety of scalable solutions for different use-cases. Azure's biggest competitors are Amazon Web Services (AWS) and Google Cloud. Microsoft Azure revenue Microsoft does not publish exact details of revenue derived from Azure. Instead, revenues from Azure are integrated in its intelligent cloud segment, which consists of public, private, and hybrid server products and cloud services. In 2021, the intelligent cloud segment generated revenues of over 60 billion U.S. dollars, with Azure driving up server products and cloud services revenues specifically. However, Microsoft’s intelligent cloud also features other high-value products, including consulting services and premier support services. Microsoft Azure products and services Through its Azure platform, Microsoft offers a variety of different cloud computing resources to its customers, including virtual desktop, SQL database, or serverless Kubernetes. In mid-2021, there were a total of almost 16,000 products and services offered on the Microsoft Azure marketplace, with the majority listed under the IT and management tools category. The market has responded well to Azure's pricing strategy, with nearly a third of all respondents to a global survey of IT professionals rating Azure as providing the best value for money, more than any other provider

The worldwide public cloud computing market continues to grow and is expected to reach an estimated 723.42 billion U.S. dollars in 2025. This encompasses business processes, platform, infrastructure, software, management, security, and advertising services delivered by public cloud services. A public cloud is a cloud deployment model that offers computing services over the internet. The physical hardware of this cloud model is shared by multiple companies. The services offered to customers include storage, bandwidth, or CPU cycles. Public clouds are cost-effective Among the many benefits of a public cloud is that services are offered to the customer through a pay-as-you-go model. This means that no upfront investments must be made, which otherwise lead to running costs for maintaining on-premise hardware and application infrastructure. Instead, the cloud service provider ensures proper management and maintenance of the system and the customer only pays for services consumed. AWS, Azure, and Google are dominating the market Key companies offering public cloud platforms to customers are Amazon Web Services, Microsoft Azure, and Google Cloud. Their preeminence on the market is demonstrated by organizations’ plans to continually migrate their data to the cloud and use cloud applications for their business operations on a global scale.