In 2021, the global cloud applications market had a value of 133.6 billion U.S. dollars and is expected to reach 168.6 billion U.S. dollars by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8 percent.

Global Cloud Applications Market size valued at US$ 589.34 Billion in 2023, set to reach US$ 3189.98 Billion by 2032 at a CAGR of about 20.64% from 2024 to 2032.

Cloud applications market size and share to be worth USD 950 Billion by 2032, and is growing at a CAGR of 15% till 2032. Rising trend of remote workforce is driving the growth of the global cloud applications market. Cloud service providers are increasingly integrating their software with technologies like machine learning, artificial intelligence, and data analytics.:

This statistic shows the cloud application market size worldwide by region from 2013 to 2020. In 2013, the cloud application market in the Americas region had a value of 19.93 billion U.S. dollars.

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

Study Period	2019-2029
Market Size (2024)	USD 0.68 Trillion
Market Size (2029)	USD 1.44 Trillion
CAGR (2024 - 2029)	16.40%
Fastest Growing Market	Asia Pacific
Largest Market	North America

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

Regions and Countries Covered:

North America	United States, Canada
Europe	Germany, United Kingdom, Italy, France, Russia, and Rest of Europe
Asia-Pacific	India, China, Japan, South Korea, and Rest of Asia-Pacific
Latin America	Brazil, Mexico, Argentina, and Rest of Latin America
Middle East and Africa	Brazil, Mexico, Argentina, and the Rest of Middle East and Africa

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

The global market size of Cloud Applications is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Cloud Applications Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Cloud Applications industry. The key insights of the report:
1.The report provides key statistics on the market status of the Cloud Applications manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Cloud Applications industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Cloud Applications Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Cloud Applications as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Cloud Applications market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Cloud Computing Market estimated at USD 641.3 billion in 2023, will grow at a CAGR of 18.7% to reach USD 2.5 trillion in 2031.

In 2024, Amazon Web Services led as the top vendor in the cloud applications market share with 31 percent. Microsoft Azure and Google Cloud Platform were close behind with 24 percent and 12 percent of the market share, respectively.

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.

This statistic shows the revenue share of the cloud applications market worldwide, by functional market, in 2015 and 2020. In 2015, customer relationship management (CRM) comprised 31.6 percent of the cloud applications market.

Global Cloud Applications market size is expected to reach $755.85 billion by 2029 at 18.3%, segmented as by single-use cip, pre-mixed cleaning solutions, acid-based cleaning solutions, alkali-based cleaning solutions, disposable cleaning systems

Snapshot img

Cloud Computing Market Size 2025-2029

The cloud computing market size is forecast to increase by USD 600.5 billion, at a CAGR of 18.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing trend towards cost savings and the heightened priority placed on data security. Businesses are increasingly turning to cloud solutions to reduce IT expenses and improve operational efficiency by using AI and ML technologies. Simultaneously, the demand for private cloud deployments is surging due to concerns over data security and compliance. However, the adoption of cloud computing is not without challenges. Integration issues persist as organizations grapple with combining various cloud services and on-premises systems. These challenges necessitate a strategic approach from companies seeking to capitalize on the market's potential while effectively navigating obstacles. By focusing on seamless integration and addressing data security concerns, organizations can maximize the benefits of cloud computing and maintain a competitive edge.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Cloud infrastructure continues to evolve, shaping the technological landscape with its dynamic nature. Compliance and security remain paramount, with data encryption being a critical component. Nosql databases and relational databases (RDBMS) coexist, catering to diverse business needs. Cloud cost management is an ongoing concern, as organizations navigate the complexities of public, private, and hybrid cloud environments. Business continuity and disaster recovery are integral to cloud computing adoption. Agile methodologies and serverless computing facilitate swift development and deployment. Virtual machines (VMs) and containerization offer flexibility, while cloud databases power data-driven decision-making. Cloud-native applications, cloud-based monitoring, and cloud-based software development streamline operations.

Cloud computing training and certifications equip professionals with the necessary skills. API management and edge computing expand the reach of cloud services. Cloud computing solutions cater to various sectors, from data warehousing and cloud analytics to cloud gaming and cloud-based productivity suites. Cloud telephony, cloud-based support, and unified communications enhance communication capabilities. Cloud optimization and artificial intelligence (AI) drive efficiency and innovation. Cloud governance ensures compliance with regulations and best practices. Cloud storage, cloud networking, and object storage provide scalable and secure data management. Cloud collaboration tools and file storage facilitate teamwork. Cloud monitoring and data analytics platforms offer insights into operational performance.

The continuous unfolding of market activities reveals evolving patterns, with public cloud, big data analytics, and cloud-based email services gaining traction. Cloud computing consulting and cloud-based training support organizations in their digital transformation journeys. The integration of load balancers, cloud-based testing, and cloud deployment tools further enhances the versatility of cloud infrastructure. In the ever-evolving cloud landscape, cloud computing regulations and business intelligence (BI) solutions emerge to address the unique challenges of the digital age. Cloud gaming, cloud-based productivity suites, and cloud-based support services expand the reach of cloud computing, offering new opportunities for businesses and individuals alike.

The ongoing adoption of cloud computing is marked by the seamless integration of various components, including cloud cost management, virtual machines, data warehousing, and cloud-native applications. The future of cloud infrastructure lies in its ability to adapt and innovate, driven by advancements in AI, ML, and edge computing.

How is this Cloud Computing Industry segmented?

The cloud computing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  Public cloud
  Private cloud


Service

  SaaS
  IaaS
  PaaS


Workload

  Application Development & Testing
  Data Storage & Backup
  Resource Management
  Orchestration Services
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW). 

By Deployment Insights

The public cloud segment is estimated to witness significant growth durin

The US Cloud Computing Market report segments the industry into By Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (SMEs, Large Enterprises), End-User Verticals (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, Other End-User Verticals (Utilities, Media & Entertainment, etc.)).

Cloud Application Service Market Outlook

The global cloud application service market size is projected to grow from $240 billion in 2023 to $790 billion by 2032, registering a CAGR of 14.2% during the forecast period. A key growth factor driving this market is the increasing adoption of cloud services due to their scalability, cost-efficiency, and flexibility.

One of the primary drivers of this market is the surge in digital transformation across various industries. Organizations are increasingly shifting their operations to cloud platforms to enhance productivity, streamline processes, and reduce operational costs. The COVID-19 pandemic accelerated this shift as remote work became the norm, necessitating robust cloud-based solutions for business continuity. Additionally, the growing penetration of Internet of Things (IoT) devices and big data analytics is significantly contributing to the demand for cloud services. The need for real-time data processing and management is pushing enterprises to adopt cloud solutions at an unprecedented rate.

Another critical factor propelling market growth is technological advancements in cloud infrastructure. Innovations such as serverless computing, edge computing, and containerization are enhancing the capabilities and efficiency of cloud services. These advancements are making it easier for organizations to deploy, manage, and scale their applications seamlessly. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) with cloud services is driving the development of intelligent and autonomous systems, which are increasingly becoming integral to modern business operations.

The increasing focus on regulatory compliance and data security is also playing a pivotal role in the market's expansion. Governments and regulatory bodies worldwide are implementing stringent data protection regulations, compelling enterprises to adopt secure and compliant cloud solutions. This trend is particularly evident in sectors such as healthcare, BFSI, and government, where data privacy and security are paramount. The ability of cloud service providers to offer robust security measures and compliance certifications is making cloud applications more attractive to risk-averse industries.

Cloud Accounting Service is becoming an integral part of the cloud application service market, particularly as businesses seek to streamline their financial operations. These services offer real-time access to financial data, enabling organizations to make informed decisions quickly. By leveraging cloud accounting solutions, companies can automate routine accounting tasks, reduce errors, and enhance financial reporting accuracy. This not only improves operational efficiency but also supports compliance with financial regulations. As businesses continue to embrace digital transformation, the demand for cloud accounting services is expected to rise, driven by the need for scalable and cost-effective financial management solutions.

Regionally, North America dominates the cloud application service market, owing to the presence of major cloud service providers, a robust technological infrastructure, and high adoption rates of advanced technologies. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rapid digitalization, increasing internet penetration, and supportive government initiatives promoting cloud adoption in countries like China and India are driving this growth. Europe also holds a significant share of the market, driven by the increasing demand for cloud services across various industries and the presence of key market players in the region.

Service Type Analysis

The cloud application service market is segmented by service type into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Each of these service types addresses different aspects of cloud computing, catering to varied needs of enterprises.

Software as a Service (SaaS) is the most widely adopted cloud service category. SaaS allows users to access software applications over the internet on a subscription basis. This model eliminates the need for organizations to install and maintain software on physical systems, significantly reducing IT costs. The convenience and cost-effectiveness of SaaS solutions are driving their widespread adoption across industries. Applications such as Customer Relatio

The public cloud application infrastructure services market is projected to be worth US$ 3,570.70 million in 2023. The market is likely to reach US$ 22,527.80 million by 2033. The market is expected to surge at a CAGR of 20.2% from 2023 to 2033.

Attributes	Key Insights
Public Cloud Application Infrastructure Services Market Estimated Size in 2023	US$ 3,570.70 million
Projected Market Value in 2033	US$ 22,527.80 million
Value-based CAGR from 2023 to 2033	20.2%

Country-wise Insights

United States	11.50%
Germany	13.40%
China	25.40%
Japan	18.20%
South Korea	15.90%

Category-wise Insights

Category	Market Share
Application Development	34.3%
Data Services	32.3%

Report Scope

Attribute	Details
Estimated Market Size in 2023	US$ 3,570.70 million
Projected Market Valuation in 2033	US$ 22,527.80 million
Value-based CAGR 2023 to 2033	20.20%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Market Segments Covered	Application Type Services Enterprise Size Verticals Region
Key Companies Profiled	Amazon Web Services Inc. Alphabet Inc. International Business Machines Corp. Microsoft Corporation Oracle Corp. ServiceNow Inc. Salesforce.com Inc. VMware Inc. NetSuite Inc. Red Hat Inc.

Over the last two observations, the revenue is forecast to significantly increase in all segments. The trend observed from 2018 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the revenue across all segments. Notably, the Software as a Service segment achieves the highest value of 176.96 billion euro at 2029. Find other insights concerning similar markets and segments, such as a comparison of revenue growth in Germany and a comparison of revenue growth in Italy. The Statista Market Insights cover a broad range of additional markets.

The Cloud Application Market size is expected to reach a valuation of USD 2,277.3 billion in 2033 growing at a CAGR of 16.2%. The Cloud Application Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

Global Oil and Gas Cloud Applications Market size is set to expand from $ 6.03 Billion in 2023 to $ 20.70 Billion by 2032, with an anticipated CAGR of 14.68%.

In 2023, the Cloud Computing Market reached a value of USD 573.99 billion, and it is projected to surge to USD 1902.66 billion by 2030.

In 2023, the worldwide cloud computing market achieved a valuation of US$ 579.58 billion, and it is anticipated to expand at a steady pace of 13.5% between 2023 and 2033, ultimately reaching an impressive value of US$ 2,062.26 billion by 2033.

Attributes	Details
Cloud Computing Market Value (2023)	US$ 579.58 billion
Cloud Computing Market Value (2033)	US$ 2,062.26 billion
Cloud Computing Market Growth Rate (2023 to 2033)	13.5 %.

What is the Performance of the Cloud Computing Industry in Different Geographical Regions?

Regions	CAGR (2023 to 2033)
The United Kingdom (UK)	12.5%
China	13.7%
India	13.1%