In 2025, around ** percent of respondents are already running significant workloads on Amazon Web Services (AWS). Cloud computing as-a-service One of the most prevalent ways for companies to utilize cloud computing is to take advantage of the various “as-a-service” options available from many of the world’s largest tech companies. These services provide organizations with access to computing power, software, and other cloud-related functions without the need for in-house hardware. The software-as-a-service market alone is expected to grow well past the *** billion U.S. dollar mark by 2020, while the infrastructure-as-a-service market is expected to reach around *** billion itself in 2024. Companies such as Amazon, Microsoft, and Google have all been quick to incorporate cloud services into their offerings, providing small and mid-sized companies with the opportunity to utilize cloud computing resources without the need for extensive investments into hardware. Having only introduced the business segment in 2014, Microsoft’s intelligent cloud segment has grown rapidly, rivaling even the company’s long-established personal computing segment in terms of revenue generation.

Cloud Computing Market Outlook

According to our latest research, the global cloud computing market size reached USD 678.9 billion in 2024, reflecting robust expansion driven by digital transformation across industries. The market is expected to grow at a CAGR of 17.2% from 2025 to 2033, reaching a forecasted value of USD 2,334.6 billion by 2033. This rapid growth is primarily fueled by increased enterprise adoption of cloud-based solutions, demand for scalable IT infrastructure, and the proliferation of advanced technologies such as artificial intelligence, machine learning, and big data analytics.

A key growth factor propelling the cloud computing market is the accelerating pace of digitalization across both private and public sectors. Organizations are increasingly prioritizing cloud-first strategies to enhance operational agility, streamline workflows, and reduce capital expenditure on traditional IT infrastructure. The flexibility and scalability offered by cloud computing services allow businesses to quickly adapt to changing market conditions, launch new products and services, and respond to customer needs with unprecedented speed. Additionally, the COVID-19 pandemic has significantly amplified the need for remote work solutions, further driving the adoption of cloud platforms for collaboration, data storage, and application deployment.

Another major driver is the continuous evolution of cloud service models, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). These models provide organizations with tailored solutions that cater to diverse operational requirements, from data management and application development to analytics and cybersecurity. The increasing integration of artificial intelligence and machine learning capabilities within cloud platforms is enabling businesses to harness data-driven insights, automate processes, and foster innovation. Moreover, the growing trend of hybrid and multi-cloud deployments is allowing organizations to optimize their IT environments by leveraging the strengths of multiple cloud providers while maintaining control over sensitive workloads.

Security and compliance considerations are also shaping the growth trajectory of the cloud computing market. As data privacy regulations become more stringent, enterprises are seeking cloud solutions that offer robust security features, data encryption, and compliance with industry standards. Cloud service providers are continuously enhancing their offerings to address these concerns, investing in advanced security technologies and collaborating with regulatory bodies to ensure adherence to global standards. This heightened focus on security is not only mitigating risks but also building trust among organizations, thereby accelerating cloud adoption across sectors such as BFSI, healthcare, and government.

As organizations increasingly rely on cloud-based solutions, the role of Cloud API has become pivotal in ensuring seamless integration and functionality across diverse platforms. Cloud APIs facilitate communication between different software applications, enabling businesses to leverage a wide array of cloud services without the need for extensive reconfiguration. This capability is particularly beneficial for enterprises looking to enhance their digital ecosystems by integrating third-party services, improving interoperability, and streamlining operations. With the growing complexity of IT environments, Cloud API serves as a crucial tool for developers and IT professionals to build, manage, and scale applications efficiently, thereby driving innovation and agility in the cloud computing landscape.

From a regional perspective, North America continues to dominate the cloud computing market, accounting for the largest share due to the presence of major technology companies, early adoption of cloud technologies, and substantial investments in research and development. However, the Asia Pacific region is witnessing the fastest growth, driven by rapid digital transformation in emerging economies, increasing internet penetration, and government initiatives supporting cloud adoption. Europe and Latin America are also experiencing significant market expansion, with enterprises leveraging cloud solutions to enhance competitiveness and drive innovation. The Middle East & Afri

Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report

Dataset updated: Jun 27, 2024

Dataset authored and provided by: Mordor Intelligence

License: https://www.mordorintelligence.com/privacy-policy

Time period covered: 2019 - 2029

Area covered: Global

Variables measured: CAGR, Market size, Market share analysis, Global trends, Industry forecast

Description: The Cloud Computing Market size is estimated at USD 0.68 trillion in 2024, and is expected to reach USD 1.44 trillion by 2029, growing at a CAGR of 16.40% during the forecast period (2024-2029).

Report Attribute

Quantitative Units: Revenue in USD Billion, Volumes in Units, Pricing in USD

Regions and Countries Covered:

Industry Segmentation Covered:

By Cloud Computing: IaaS, SaaS, PaaS

By End-User: IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, Media and Entertainment

Market Players Covered: Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce

Snapshot img

Cloud Computing Market Size 2025-2029

The cloud computing market size is valued to increase by USD 600.5 billion, at a CAGR of 18.5% from 2024 to 2029. Increased inclination toward cloud computing for cost-cutting will drive the cloud computing market.

Market Insights

North America dominated the market and accounted for a 49% growth during the 2025-2029.
By Deployment - Public cloud segment was valued at USD 161.00 billion in 2023
By Service - SaaS segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 311.05 billion 
Market Future Opportunities 2024: USD 600.50 billion
CAGR from 2024 to 2029 : 18.5%

Market Summary

Cloud computing, a technology that delivers on-demand access to shared computing resources over the internet, has gained significant traction in recent years due to its potential to drive operational efficiency, reduce costs, and enhance data security. The global market for cloud computing continues to expand as businesses seek to optimize their operations and improve agility in a rapidly evolving business landscape. One of the primary drivers of this trend is the increasing recognition of the cost savings that cloud computing can offer. By eliminating the need for businesses to invest in and maintain their own IT infrastructure, they can instead pay for only the resources they use, leading to significant cost reductions. Another factor fueling the adoption of cloud computing is the growing emphasis on data security. While the public cloud model offers cost savings and flexibility, many organizations are turning to private cloud solutions to maintain greater control over their data. This approach allows businesses to reap the benefits of cloud computing while mitigating the risks associated with storing sensitive information in the cloud. However, the adoption of cloud computing is not without its challenges. One of the most significant obstacles is the complexity of integrating cloud solutions with existing IT systems. As businesses continue to adopt a hybrid approach to IT, integrating cloud services with on-premises infrastructure can be a complex and time-consuming process. Despite these challenges, the benefits of cloud computing continue to outweigh the costs, making it an essential component of modern business strategy. A real-world example of cloud computing in action can be seen in the supply chain optimization of a global manufacturing company. By implementing a cloud-based logistics management system, the company was able to streamline its supply chain operations, reducing lead times and improving inventory management. This resulted in significant cost savings and increased operational efficiency, highlighting the potential of cloud computing to transform business processes and drive growth.

What will be the size of the Cloud Computing Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, with businesses increasingly relying on storage buckets, network security, and security groups to manage their digital operations. One significant trend is the adoption of serverless frameworks, which allow companies to focus on application development without managing compute instances. According to recent studies, container registries have experienced a 50% year-over-year growth rate, indicating a strong preference for containerized applications in the cloud. Compliance frameworks, such as HIPAA and GDPR, are driving the need for data privacy regulations and data loss prevention measures. Resource tagging and cost allocation help organizations manage their cloud expenses, while monitoring dashboards and auto scaling policies ensure optimal performance and availability. Application security, api management, and devops practices are essential for maintaining secure and efficient cloud environments. Cloud migration strategies, including application modernization and infrastructure as code, enable businesses to leverage the benefits of the cloud while minimizing disruption. Threat detection systems, incident response plans, and key management systems are crucial components of a robust cloud security posture. Service mesh technologies offer advanced traffic management and security features for microservices architectures. By embracing these cloud technologies and best practices, organizations can streamline their operations, enhance security, and achieve significant cost savings. Companies have reported a 30% reduction in processing time and a 40% decrease in IT infrastructure costs after migrating to the cloud.

Unpacking the Cloud Computing Market Landscape

In today's business landscape, cloud computing has become a strategic priority for organizations seeking cost optimization and performance enhancement. According to recent studies, over 90% of Fo

The UK Cloud Computing Market Report is Segmented by Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), End-User Industry (Manufacturing, Education, Retail, BFSI and More), Service Model (Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service, Business-Process-As-A-Service). The Market Forecasts are Provided in Terms of Value (USD).

This statistic displays the percentage of companies who bought cloud computing services over the Internet in France in 2018, broken down by company size. It shows that 16 percent of small French enterprises had bought cloud computing services, while 60 percent of large companies had also done the same.

In 2021, ** percent of respondents from large enterprises indicated having already adopted multi cloud. Notably, smaller businesses are lagging behind in terms of multi cloud adoption. This is due mainly to the fact that they have smaller budgets for cloud migrations.

Global Cloud Computing market size was valued $455 billion in 2022 and is projected to increase to $1391.8 billion by 2030 at a CAGR of 15.0%.

By 2034, the Cloud Computing Market is expected to reach a valuation of USD 7,473.3 billion, expanding at a healthy CAGR of 23.4%.

United States Cloud Computing Market Report is Segmented by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (Infrastructure-As-A-Service, Platform-As-A-Service, Software-As-A-Service), Organisation Size (SMEs, Large Enterprises), End-User Vertical (Manufacturing, Education, Retail, and More). The Market Forecasts are Provided in Terms of Value (USD).

Enterprise Cloud Services Market Outlook

The global enterprise cloud services market is poised for substantial growth, with a market size valued at approximately $250 billion in 2023, projected to reach around $850 billion by 2032, reflecting a robust Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period. This significant growth is driven by the accelerating digital transformation across various industries, increased demand for scalable IT solutions, and the rising adoption of advanced technologies such as artificial intelligence and machine learning integrated within cloud platforms. Organizations are increasingly leveraging cloud services to enhance operational efficiencies, reduce costs, and foster innovation, thereby propelling the market forward in the coming years.

One of the primary growth factors for the enterprise cloud services market is the rapid digitalization of businesses. As enterprises strive to stay competitive, there is a growing need to shift from traditional IT infrastructures to more flexible and scalable cloud-based solutions. This transformation is fueled by the increasing reliance on data-driven decision-making, requiring robust data processing and storage solutions that cloud services effectively provide. Additionally, the widespread adoption of remote working environments further amplifies the demand for cloud services, enabling seamless collaboration and accessibility of resources from anywhere in the world.

Moreover, advancements in technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) are significantly enhancing the capabilities of cloud services. These technologies enable enterprises to automate processes, gain valuable insights from big data analytics, and improve customer experiences, which cumulatively drive the demand for cloud services. The inherent flexibility and scalability of cloud solutions allow businesses to quickly adapt to market changes and new technological advancements, making them an indispensable component of modern IT strategies.

Security and compliance are also crucial growth drivers for the enterprise cloud services market. With increasing cyber threats and stringent regulatory requirements, enterprises are seeking cloud service providers that offer robust security measures and compliance with global standards. Cloud providers are responding to this demand by implementing advanced security protocols and ensuring data integrity and privacy, which is instilling confidence among enterprises to migrate their critical operations to the cloud. This focus on security and compliance is pivotal in driving the adoption of cloud services across various sectors.

The role of SME Cloud solutions is becoming increasingly prominent as small and medium enterprises seek to harness the power of cloud computing to enhance their operational capabilities. These solutions offer SMEs the flexibility to access advanced technologies and scalable resources without the need for significant capital investment. By leveraging SME Cloud services, businesses can streamline their operations, improve data management, and foster innovation in a cost-effective manner. This trend is particularly evident in industries where agility and responsiveness are crucial, allowing SMEs to compete effectively with larger enterprises. As a result, the adoption of SME Cloud solutions is expected to grow, further driving the expansion of the enterprise cloud services market.

Regionally, North America currently holds the largest share of the enterprise cloud services market, attributed to the early adoption of cloud technologies and the presence of major cloud service providers. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the rapid digital transformation initiatives across countries like China and India. The increasing investments in IT infrastructure and the rising number of startups adopting cloud services are key contributors to the market expansion in this region. Additionally, Europe is also experiencing significant growth, propelled by the strong emphasis on data privacy and security compliance, leading to higher investments in enterprise cloud solutions.

Service Type Analysis

The enterprise cloud services market is segmented by service type into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Each of these service types plays a crucial role in offering distinct

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Cloud Managed Services Market Size 2024-2028

The cloud managed services market size is valued to increase by USD 41.5 billion, at a CAGR of 8.5% from 2023 to 2028. Rising adoption of cloud computing services will drive the cloud managed services market.

Market Insights

North America dominated the market and accounted for a 40% growth during the 2024-2028.
By End-user - Large enterprise segment was valued at USD 39.20 billion in historic_forecast_year
By Service Type - Managed Security Services segment accounted for the largest market revenue share in historic_forecast_year

Market Size & Forecast

Market Opportunities: USD 83.28 billion 
Market Future Opportunities 2023: USD 41.50 billion
CAGR from 2023 to 2028 : 8.5%

Market Summary

The market has experienced significant growth due to the increasing adoption of cloud computing services and the bring-your-own-device (BYOD) policy in organizations worldwide. Cloud managed services enable businesses to outsource the management and maintenance of their IT infrastructure and applications to third-party providers, resulting in operational efficiency and cost savings. However, the market faces challenges related to data privacy and security risks in cloud-based services. A real-world business scenario illustrating the benefits of cloud managed services is supply chain optimization. A manufacturing company can leverage cloud managed services to streamline its supply chain operations by implementing real-time inventory management, demand forecasting, and automated order processing. This not only enhances operational efficiency but also reduces the need for extensive IT infrastructure and resources. Despite these advantages, data security remains a concern, as sensitive information is often stored and transmitted through cloud-based systems. Providers must address these concerns by implementing robust security measures and adhering to industry standards and regulations.

What will be the size of the Cloud Managed Services Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, with businesses increasingly relying on these services for optimizing IT operations and enhancing digital transformation. One significant trend in this domain is the prioritization of compliance and security. According to recent studies, 60% of companies have reported an increase in security incidents due to cloud adoption. To mitigate these risks, organizations are investing in cloud security solutions, such as data encryption, access control policies, and vulnerability assessments. Cost optimization strategies also remain a crucial consideration for businesses. For instance, companies have achieved a 25% reduction in IT costs by implementing cloud automation, ITIL processes, and performance tuning. Cloud Managed Services encompass a range of offerings, including ci/cd pipelines, load balancing strategies, network optimization, change management, problem management, business continuity planning, service catalog management, compliance frameworks, and IT operations management. By leveraging these services, organizations can streamline their IT infrastructure, improve efficiency, and focus on their core business objectives.

Unpacking the Cloud Managed Services Market Landscape

In today's business landscape, the adoption of cloud managed services continues to gain momentum, with an increasing number of organizations embracing container orchestration solutions like Managed Kubernetes for streamlined application deployment and scaling. According to recent studies, up to 70% of Fortune 500 companies have adopted cloud native applications, a trend driven by the need for agility and cost optimization.

Moreover, the implementation of cloud managed services leads to significant improvements in compliance alignment and governance, with up to 90% of companies reporting reduced risk exposure. Alerting systems, serverless computing, and high availability configurations are among the key features driving these outcomes.

Cloud cost optimization is another significant advantage, with up to 30% cost savings achieved through auto scaling configuration, capacity planning tools, and resource provisioning. As businesses continue to migrate workloads to the cloud, database migration services, disaster recovery services, and monitoring dashboards play crucial roles in ensuring service level agreements and application performance monitoring.

The integration of DevOps automation tools, message queuing services, and API gateway management further enhances the efficiency of cloud managed services, enabling organizations to focus on their core competencies while leaving the complexities of infrastructure management to the experts.

Key Market Drivers Fueling Growth

The significant increase in the utilization of cloud computing

The Cloud Computing Market is estimated to be valued at USD 746.6 billion in 2025 and is projected to reach USD 2648.9 billion by 2035, registering a compound annual growth rate (CAGR) of 13.5% over the forecast period.

The global cloud spending by small and medium-sized businesses (SMBs) is experiencing robust growth, driven by the increasing need for scalability, cost-effectiveness, and enhanced operational efficiency. While precise market size figures for 2025 aren't provided, a reasonable estimate, considering the involvement of major players like AWS, Microsoft, and Google, and the rapid adoption of cloud services by SMBs globally, could place the market size at approximately $150 billion in 2025. This represents a significant portion of the overall cloud market, with a Compound Annual Growth Rate (CAGR) exceeding 15% between 2025 and 2033, projected to reach nearly $500 billion by 2033. Key drivers include the rising adoption of SaaS solutions for CRM, ERP, and productivity applications, the increasing demand for cloud-based security and data management, and the growing preference for flexible, on-demand IT resources. The market is segmented by application (IT, Enterprise, Cloud-based Information Governance, Others) and type (SaaS, IaaS, PaaS), with SaaS dominating due to its ease of use and accessibility. Geographic expansion, particularly in emerging economies with increasing internet penetration and digitalization, further fuels this growth. However, challenges remain. Security concerns, data privacy regulations, and the need for robust IT infrastructure support in certain regions can act as restraints. The competitive landscape is intense, with established tech giants and specialized cloud providers vying for market share. While North America and Europe currently hold the largest market shares, significant growth opportunities exist in Asia-Pacific and other regions as SMBs increasingly embrace digital transformation strategies. Successful players will need to focus on providing tailored solutions, robust security measures, and excellent customer support to cater to the diverse needs of SMBs across various industries and geographical locations. The ongoing shift towards hybrid cloud models, combining on-premises and cloud resources, also presents both opportunities and challenges for market participants.

Global Cloud Computing market size is expected to reach $1477.12 billion by 2029 at 15.4%, segmented as by public cloud, infrastructure as a service (iaas), platform as a service (paas), software as a service (saas), cloud storage services

According to Cognitive Market Research, the global Public Cloud market size will be USD 685.3823 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 12.80% from 2024 to 2031. Market Dynamics of Public Cloud Market

Key Drivers for Public Cloud Market

Digital Transformation Acceleration: Enterprises across various sectors are transitioning workloads to public cloud platforms to enhance agility. The development of cloud-native applications is becoming the norm for new IT initiatives. The ongoing demand for remote work solutions continues to propel adoption. This transition signifies a fundamental shift in the architecture of enterprise computing.

Cost Optimization Requirements: The public cloud removes the need for upfront capital investments in hardware. Pay-as-you-go pricing models offer financial flexibility for expanding businesses. Automated scaling minimizes the over-provisioning of resources. These economic advantages are especially beneficial in volatile markets.

Advanced Service Offerings: Cloud service providers are consistently innovating with AI/ML and analytics services. Integrated developer tools expedite the time-to-market for applications. A global infrastructure guarantees low-latency performance across the globe. These features provide competitive advantages for those who adopt them.

Key Restraints for Public Cloud Market

Security and Compliance Concerns: Data residency obligations complicate deployments across multiple nations. The shared responsibility framework presents challenges in security governance. High-profile security breaches heighten scrutiny of cloud configurations. These elements hinder adoption in industries subject to regulation.

Vendor Lock-in Risks: Proprietary services and APIs establish barriers to migration. The complexity of pricing complicates effective cost management. Limited portability across cloud platforms raises concerns for enterprises. These dependencies cause hesitation among potential adopters.

Network Dependency Issues: Performance is heavily dependent on the quality of internet connectivity. Applications sensitive to latency encounter operational difficulties. Outages can significantly disrupt business continuity. These constraints limit the migration of certain workloads.

Key Trends for Public Cloud Market

Hybrid and Multi-Cloud Strategies: Enterprises are increasingly implementing architectures that encompass multiple cloud providers. Tools for unified management are streamlining complex environments. The portability of workloads is evolving into a crucial requirement. This strategy strikes a balance between flexibility and risk management.

Edge Computing Integration: Cloud service providers are broadening their offerings to include services at network edge locations. This development facilitates latency-sensitive applications such as IoT and AR/VR. Distributed architectures are transforming cloud deployment models. The distinction between cloud and edge is progressively diminishing.

Sustainable Cloud Initiatives: Service providers are making significant investments in renewable energy sources for their data centers. Tools for tracking carbon footprints are becoming commonplace. Customers are increasingly favoring environmentally friendly cloud solutions. Sustainability is rising as a significant differentiator. Introduction of the Public Cloud Market

Public Cloud, also referred to as cost-efficiency, plays a crucial role as organizations seek to optimize their IT expenditures by shifting from capital-intensive infrastructure to scalable, pay-as-you-go models offered by public cloud providers. Secondly, scalability and flexibility are significant drivers, enabling companies to scale operations and adjust to shifting demands seamlessly and quickly. Thirdly, advancements in technology, such as AI and machine learning, integrated within cloud services enhance productivity and innovation capabilities. Additionally, the global shift towards remote work and digital transformation initiatives further accelerates cloud adoption, ensuring anytime, anywhere access to data and applications securely. Lastly, regulatory requirements and data sovereignty issues push organizations towards cloud solutions that offer compliance and robust security measures, reinforcing trust and reliability in public cloud platforms.

The France cloud computing market is experiencing robust growth, projected to reach €19.25 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 16.91% from 2019 to 2033. This expansion is driven by several key factors. Firstly, the increasing adoption of digital transformation initiatives across various sectors, including manufacturing, BFSI (Banking, Financial Services, and Insurance), and healthcare, is fueling demand for scalable and flexible cloud solutions. Secondly, the rising need for enhanced data security and disaster recovery capabilities is prompting organizations, both SMEs and large enterprises, to migrate their IT infrastructure to the cloud. Furthermore, government initiatives promoting digitalization and the availability of high-speed internet infrastructure are further accelerating market growth. The market is segmented across deployment models (Public, Private, and Hybrid Cloud) and end-user industries, with Public Cloud solutions experiencing the highest adoption rate due to their cost-effectiveness and scalability. Competition is fierce, with major players like Amazon Web Services, Microsoft, Google, and IBM vying for market share alongside regional and specialized providers. The growth trajectory is expected to continue throughout the forecast period (2025-2033), fueled by sustained investment in cloud infrastructure, increasing data generation, and the emergence of innovative cloud-based services like AI and machine learning. While challenges such as data security concerns and regulatory compliance remain, the overall market outlook remains positive. The hybrid cloud model is likely to gain traction as organizations seek to balance the benefits of public and private cloud deployments. The continued expansion of 5G networks and the growing adoption of IoT (Internet of Things) are also poised to significantly impact the market's growth in the coming years. Specific industry verticals, particularly BFSI and healthcare, are expected to witness particularly strong cloud adoption due to their high data volumes and stringent regulatory requirements. This in-depth report provides a comprehensive analysis of the France cloud computing market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market size, growth drivers, challenges, and future trends. The report includes detailed segmentations by cloud type (Public Cloud - IaaS, PaaS, SaaS; Private Cloud; Hybrid Cloud), organization size (SMEs, Large Enterprises), and end-user industries (Manufacturing, Education, Retail, Transportation & Logistics, Healthcare, BFSI, IT & Telecom, Government & Public Sector, Others). The market is projected to reach significant growth, adding millions in value during the forecast period (2025-2033). This report is crucial for businesses seeking to understand and capitalize on opportunities within this dynamic market. Recent developments include: May 2024: Clever Cloud and Vates unveiled a partnership designed to bolster the strategic autonomy of cloud services in France and across Europe. By merging their unique expertise, these two French cloud technology firms, experts in Platform as a Service as well as Infrastructure as a Service solution, are collaborating to present a robust, independent, and open alternative to major hyperscalers., April 2024: OVHcloud, a European cloud provider, unveiled a new cloud region in Paris, France. The newly established 3-AZ Paris region encompasses three data centers strategically positioned about 30 km apart, ensuring organizations benefit from enhanced resilience and reduced latency. In this region, OVHcloud enables data replication for near-instant failover and distribution for scalability.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Potential restraints include: Robust Shift Towards Digital Transformation Across the Country, Data Privacy Concerns Are Driving Increased Adoption Of Public Cloud Services. Notable trends are: Robust Shift Toward Digital Transformation Across the Country Is Driving the Market's Growth Opportunities.

This statistic displays the types of services subscribed to by companies paying for cloud computing in France in 2023, by company size. That year, around ** percent of companies between ** and *** people based in France and paying for cloud computing services used it for email services.

The global cloud computing market is calculated at a size of US$ 628.6 billion for 2024 and is projected to increase at a noteworthy CAGR of 14.2% to reach US$ 2,371.6 billion by 2034.

Country-wise Analysis

Category-wise Analysis

The Brazil cloud computing market size reached USD 15.13 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 86.03 Billion by 2033, exhibiting a growth rate (CAGR) of 19.60% during 2025-2033. The market is experiencing significant growth, driven by the widespread adoption of cloud computing across sectors including finance, healthcare, and retail. Companies leverage cloud solutions for scalability, digital transformation, and enhanced data management. Government support and regulatory frameworks are also contributing positively to the Brazil cloud computing market growth across the country.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on service, deployment, workload, enterprise size, and end-use.