As of 2025, surveyed technical executives, managers, and practitioners of cloud technologies from around the world indicated that the biggest challenges of using cloud computing technology within their organizations were related to managing cloud spend. Around 83 percent of respondents found managing cloud spend to be a significant challenge. Other commonly cited challenges included security, governance, and lack of resources/expertise. Cloud computing Cloud computing is a technology that allows organizations of all sizes to take advantage of advanced computing and data storage resources without the need to manage hardware themselves. Large data centers rent space and processing power to numerous clients and provide companies with flexibility and scalability, which can lead to more innovation and increased time to market. The global public cloud computing services market is forecast to bring in revenues of over 678 billion U.S. dollars in 2024. Different cloud computing models There are various cloud computing models in use around the world: public clouds that rent resources to multiple customers through the internet, within-enterprise private clouds, and hybrid clouds that incorporate elements of both. The most commonly employed cloud strategy among enterprises is the hybrid cloud, which accounts for around 82 percent of these organizations as of 2023. Benefits of hybrid cloud strategies include the ability to store and move data and workloads across environments, among others.

Introduction

Cloud Computing Statistics: Cloud computing allows people to access data and applications over the internet, using virtual technology to create, set up, and adjust apps. The industry has grown quickly, and it's expected to make $623 billion by 2023, with a growth rate of 18.9% per year. Also, 81% of companies have either already set up or are planning a multi-cloud strategy.

Companies keep and process customer data on cloud servers. Many teams work from different locations using cloud software like Salesforce, Zoom, and Slack.

Let’s take a look at some interesting Cloud Computing Statistics and numbers to understand how much progress has been made.

Cloud Security Statistics: Cloud computing can bring many benefits to companies. However, they are also susceptible to being ruined because of the inability to ensure the proper security of information and privacy protections when using cloud computing. This in turn results in higher costs and potential losses to businesses. We will explore more details regarding Cloud Security Statistics in this report. Cloud adoption has risen dramatically over the last few years. Although many organizations were already in the cloud the COVID-19 outbreak has helped accelerate this transition. With the widespread use of remote work, organizations are required to provide support and essential services to their remote workforce. In the end, more than 90% of companies employ some form of cloud-based infrastructure. In addition, more than three-quarters (76 percent) are using multi-cloud deployments made up of at least two cloud service providers. These cloud environments host crucial applications for business and also protect sensitive customer and company information. With the shift to cloud computing comes an increased necessity to collect Cloud Security Statistics. Cloud-hosted applications need to be secured against attacks and cloud-hosted information must be secured against unauthorized access as per the applicable laws. Cloud environments are in a significant way from the on-prem infrastructure this means that the traditional security tools and methods don't always work when working in the cloud. In the end, many companies are confronted with major issues when it comes to securing their cloud-based infrastructure. Editor’s Choice 60% of global corporate data are stored on the cloud. 94% of businesses globally use one or more cloud computing services. It is estimated that the global Cloud Security Statistics market is projected to expand from $480 billion in 2022 to $2.297 trillion by 2032. With 32 percent, Amazon AWS owns the largest market share in cloud computing. 39% of businesses said they've been the victim of data breaches in their cloud environments. The amount of public money spent on cloud computing services is forecast to hit $597.3 billion by 2023. This will increase by 21.7 percent. 92% of companies have embraced a multi-cloud strategy. The market for cloud-based technology is predicted to reach $ 864 billion in 2025. It is expected to grow at an annual rate of 12.8 percent per year. Global storage of data will be greater than 200 Zettabytes of data by 2025. In 2025, more than 100 zettabytes of data are expected to remain in cloud storage. (Cloudwards) 89% of businesses have a multi-cloud strategy. (Flexera) 71 percent of Americans use cloud storage such as Dropbox as well as iCloud. (Statista) 48% of data from companies is stored in the cloud. (Panda Security) The market for cloud computing by 2020 is $371.4 billion. (Globe Newswire) Spending by end-users worldwide on public cloud services is expected to increase by 23.1 percent in 2021. (Gartner) With 83% of cloud users, security is the most frequent issue in cloud adoption. (Cloudwards) 52% of businesses want cloud-based solutions that include security tools. (Cloudwards)

As of 2025, around 74 percent of businesses worldwide currently used data warehouse services of public cloud providers. Additionally, 32 percent are experimenting with Generative AI, and 16 percent are planning to implement mobile services along with Edge services.

The worldwide public cloud computing market continues to grow and is expected to reach an estimated ****** 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.

Industrial Cloud Computing Market size is predicted to reach USD 1094.62 billion by 2030 with a CAGR of 17.10 % from 2024-2030.

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.

Report Attributes	Details
Cloud Computing Market Size (2024E)	US$ 628.6 Billion
Forecasted Market Value (2034F)	US$ 2,371.6 Billion
Global Market Growth Rate (2024 to 2034)	14.2% CAGR
South Korea Market Value (2034F)	US$ 126.6 Billion
Key Companies Profiled	Google LLC IBM Corporation Oracle Corporation Salesforce Adobe Inc. Microsoft Corporation SAP SE Workday, Inc. Alibaba Group Holding Limited Amazon Inc.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 66.9 Billion
Growth Rate (2024 to 2034)	14.7% CAGR
Projected Value (2034F)	US$ 262.8 Billion

Attribute	China
Market Value (2024E)	US$ 68.9 Billion
Growth Rate (2024 to 2034)	14.2% CAGR
Projected Value (2034F)	US$ 260.2 Billion

Category-wise Analysis

Attribute	Large Enterprises
Segment Value (2024E)	US$ 352 Billion
Growth Rate (2024 to 2034)	13.6% CAGR
Projected Value (2034F)	US$ 1256.9 Billion

Attribute	BFSI
Segment Value (2024E)	US$ 114.6 Billion
Growth Rate (2024 to 2034)	12.6% CAGR
Projected Value (2034F)	US$ 474.3 Billion

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 2018, the public cloud computing market is projected to be worth around 141 billion U.S. dollars. The market has seen massive growth over the past decade, skyrocketing from a value of less than six billion dollars a decade ago. What is cloud computing? Cloud computing is a technology which allows users to take advantage of computing services, storage space, and processing power through the internet, without the need for their own hardware and software. The ability of cloud computing to provide access to computing power that would otherwise be extremely expensive has made the technology popular among companies of all sizes in addition to billions of individual personal cloud storage users. What is the public cloud? The public cloud refers primarily to cloud vendors such as Microsoft and Amazon, who offer cloud resources to any person or company who wishes to purchase them, as opposed to many big corporations who operate their own private internal cloud. A major share of technical executives and managers from around the world report that their company is either using or plans to use public cloud platforms in their operations.

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

Singapore Business Usage of Cloud Computing Services: 10 Employees and Below data was reported at 16.402 % in 2019. This records a decrease from the previous number of 18.490 % for 2018. Singapore Business Usage of Cloud Computing Services: 10 Employees and Below data is updated yearly, averaging 16.402 % from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 18.490 % in 2018 and a record low of 12.512 % in 2017. Singapore Business Usage of Cloud Computing Services: 10 Employees and Below data remains active status in CEIC and is reported by Infocomm Media Development Authority of Singapore. The data is categorized under Global Database’s Singapore – Table SG.TB002: Telecommunication Industry Statistics.

Introduction

Google Cloud Platform Statistics: Google Cloud Platform (GCP) has witnessed profound growth and evolution in 2024, vis-Ã -vis its development into a sizeable partner in the world cloud computing ecosystem.

This article curates comprehensive Google Cloud Platform statistics from the past year in consideration of statistics, financials, and strategic profile developments that have influenced the path taken by GCP.

The Canadian cloud computing market is experiencing robust growth, projected to reach $39.69 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 16.64% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing digital transformation initiatives across various sectors, including BFSI, healthcare, and government, are fueling the demand for scalable and flexible cloud solutions. Secondly, the rising adoption of cloud-based services like Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) is significantly contributing to market growth. Furthermore, the growing preference for hybrid cloud models, combining the benefits of both public and private clouds, is another important driver. Large enterprises are leading the adoption, but SMEs are increasingly recognizing the cost-effectiveness and efficiency gains offered by cloud technologies, further broadening the market base. While data security concerns and potential vendor lock-in remain as restraints, the overall market outlook remains positive, indicating strong potential for continued expansion throughout the forecast period. The market segmentation reveals a diverse landscape. Public cloud services dominate, reflecting the widespread adoption of SaaS applications and the ease of access to infrastructure resources. However, the private and hybrid cloud segments are also experiencing growth, driven by organizations prioritizing data security and control. Across end-user industries, the BFSI, healthcare, and government sectors are demonstrating particularly strong adoption rates, driven by their need for robust data management and secure infrastructure. Major players like Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and Salesforce are shaping the competitive landscape, offering a diverse range of services to cater to specific industry needs. While specific market figures for individual segments and regions within Canada are not provided, the overall market trajectory clearly indicates a vibrant and expanding cloud computing ecosystem. The continued focus on innovation, technological advancements, and evolving regulatory frameworks will further shape the market's future trajectory. This comprehensive report provides an in-depth analysis of the Canada cloud computing market, covering the period from 2019 to 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 study encompasses various segments, including cloud deployment models (Public Cloud, Private Cloud, Hybrid Cloud), organization sizes (SMEs, Large Enterprises), and end-user industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector). Key players such as Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and others are analyzed, providing a holistic view of this rapidly evolving market. Search-optimized keywords include: Canada cloud computing market, Canadian cloud market size, cloud computing in Canada, Canadian cloud services, cloud adoption in Canada, IaaS Canada, PaaS Canada, SaaS Canada, Canadian cloud providers. Recent developments include: April 2024: IBM launched a multizone cloud region in Montreal, Canada. The region had three availability zones in the city in the south of Quebec. IBM stated the facility was designed to help Canadian enterprises address their evolving data sovereignty requirements and leverage technology such as generative AI., March 2024: OVHcloud US announced the opening of its parent company's second Canadian site, marking the Group's 42nd data center. This expansion came with a significant long-term investment of CAD 145 million. The newly inaugurated data center in Toronto, consistent with OVHcloud's global network, was made directly accessible to OVHcloud US customers. It promised enhanced latency benefits over the existing OVHcloud facility near Montreal and the one in Vint Hill, Virginia. This latest data center launch underscored OVHcloud's growing presence and momentum in the United States and broader North American markets.. Key drivers for this market are: Robust Shift Toward Digital Transformation Across the Country, Post-pandemic Remote Work-related Policies Positively Impacting the Cloud Market. Potential restraints include: Robust Shift Toward Digital Transformation Across the Country, Post-pandemic Remote Work-related Policies Positively Impacting the Cloud Market. Notable trends are: Robust Shift Toward Digital Transformation Across the Country.

The global cloud development services market is experiencing robust growth, driven by the increasing adoption of cloud computing across diverse sectors. The market's expansion is fueled by several key factors: the rising demand for scalable and cost-effective IT solutions, the proliferation of mobile and IoT devices generating massive data volumes requiring cloud-based processing and storage, and the increasing preference for agile development methodologies that leverage cloud platforms. Furthermore, the transition to hybrid and multi-cloud environments is further stimulating market growth, as organizations seek greater flexibility and resilience in their IT infrastructure. Significant advancements in artificial intelligence (AI) and machine learning (ML) are also fueling demand, as cloud platforms provide the necessary computing power and data storage capacity for training and deploying these technologies. The market is segmented by application (enterprise and personal) and type (IaaS, PaaS, and SaaS development), with enterprise applications currently dominating the market share due to larger budgets and more complex needs. The competitive landscape is diverse, featuring both large multinational corporations like IBM and numerous smaller specialized firms such as Intellias and ScienceSoft. Regional growth is expected to vary, with North America and Europe maintaining strong positions due to high levels of cloud adoption and technological advancement, while Asia Pacific is projected to witness rapid expansion driven by increasing digitalization and economic growth. The forecast period suggests sustained growth through 2033, although challenges such as data security concerns and the need for skilled cloud developers will require attention to ensure continued market expansion. While precise figures are unavailable without specific values for "XXX" and "CAGR," a reasonable estimation based on industry reports and current trends can be offered. Assuming a current market size of $150 billion for 2025 and a conservative CAGR of 15% over the forecast period, the market could reach nearly $450 billion by 2033. This estimation considers market saturation limits and anticipated adjustments in growth rates toward the end of the forecast period. The relatively high CAGR is justified by the persistent market drivers outlined above, though some deceleration is expected in later years due to market maturity. North America and Europe will likely continue to hold a significant portion of the market share, possibly 60-70%, leaving the remainder distributed across other regions, with Asia Pacific showing the most significant growth potential. Competition is intense, with established players leveraging their expertise and scale while smaller firms focus on niche services and innovation.

The global cloud computing market is anticipated to achieve $2283.40 billion by 2032 from $950.9 million in 2023, exhibiting a robust CAGR of 15.4%.

Thailand Cloud Computing Market Size, Share, Growth Opportunities, Statistics, Trends Analysis & Industry Forecast Report, 2020-2027

GMI Research analysis indicates that Singapore Cloud Computing is expected to expand at a robust CAGR over the forecast period 2024-2031

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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 15.13 Billion
Market Forecast in 2033	USD 86.03 Billion
Market Growth Rate (2025-2033)	19.60%

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.

The Hybrid and Community Cloud as a Service market is experiencing robust growth, driven by increasing enterprise demand for flexible, secure, and cost-effective cloud solutions. While precise figures for Hybrid and Community Cloud specifically are absent from the provided data, we can extrapolate reasonable estimates based on the overall cloud market size of $4193.2 million in 2025 and established industry trends. Considering the significant adoption of hybrid and community cloud models by organizations seeking to balance public cloud agility with on-premise control and collaboration, we estimate the Hybrid and Community Cloud market segment to represent approximately 25% of the total cloud market in 2025, resulting in a market size of $1048.3 million. This segment is projected to maintain a strong Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, fueled by factors such as the rising adoption of multi-cloud strategies, increasing data volumes requiring scalable solutions, and the growing need for enhanced data security and compliance. This growth is further propelled by the expansion of 5G networks and the Internet of Things (IoT), which are generating massive amounts of data demanding efficient cloud management. The market's regional distribution mirrors the overall cloud market's trends, with North America and Europe holding significant market share initially. However, rapid growth is expected in Asia Pacific, particularly in countries like India and China, due to increased digitalization and government initiatives promoting cloud adoption. Key growth drivers include the increasing adoption of hybrid cloud models by enterprises to optimize IT infrastructure, the rising demand for improved collaboration and data sharing, and the evolving regulatory landscape pushing organizations towards secure cloud environments. While challenges such as security concerns and integration complexities exist, the overall market outlook for Hybrid and Community Cloud as a Service remains overwhelmingly positive, with significant growth opportunities for cloud service providers and technology vendors throughout the forecast period.

This statistic presents the number of consumer cloud-based online service users worldwide. In 2018, approximately 3.6 billion internet users are projected to access cloud computing services, up from 2.4 billion users in 2013.