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Cloud Computing Market Growth | Industry Analysis, Size & Forecast Report
Dataset updated: Jun 27, 2024
Dataset authored and provided by: Mordor Intelligence
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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
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Global Cloud Computing Market size was valued at USD 721.6 Billion in 2023 and is poised to grow from USD 853.5 Billion in 2024 to USD 3244.21 Billion by 2032, growing at a CAGR of 19.51% in the forecast period (2025-2032).
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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.
Metric | Value |
---|---|
Cloud Computing Market Estimated Value in (2025 E) | USD 746.6 billion |
Cloud Computing Market Forecast Value in (2035 F) | USD 2648.9 billion |
Forecast CAGR (2025 to 2035) | 13.5% |
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The Europe Cloud Computing Market Report is Segmented by Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (IaaS, Paas, Saas), Organization Size (SMEs, Large Enterprises), End-User Industry (Manufacturing, Education, Healthcare, BFSI, Telecom, Government, and More), and Geography (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).
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
In 2024, the global public cloud services market is expected to grow by approximately **** percent, which amounts to about *** billion U.S. dollars. While the growth of cloud services is relatively rapid, it still represents a small percentage of the global IT services market, which is forecast to cross *** trillion U.S. dollars in 2024. What is a public cloud? A public cloud is a type of cloud computing through which a service provider makes resources, such as applications, virtual machines, or storage capabilities, available to the public via the internet. Clients pay for these resources through a pay-as-you-go model or by subscription. The kind of resources offered vary by cloud provider, which is why organizations that want to migrate their data and workloads to the cloud need to develop a migration strategy beforehand. Public cloud as part of the IT infrastructure solution Today’s clouds used by organizations are usually not deployed as standalone solutions. Rather, they are an integral part of a heterogeneous mix of information technology (IT) network solutions and environments. Ultimately, organizations seek to increase performance and security while lowering costs and ensuring a wider availability of their services and applications by deploying public clouds.
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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
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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).
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The global healthcare cloud computing market is projected to grow to USD 115.95 billion by 2029 from USD 43.84 billion in 2023, at a CAGR of 17.60% from 2023 to 2029.
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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.
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The global cloud computing technologies market size is expected to increase at a compound annual growth rate of 9.8% to reach $548.1 billion in 2024.
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The cloud computing market was valued at USD 588 Billion in 2023 and is expected to reach USD 2360.6 Billion in 2032, expanding at a CAGR of 16.7% during the forecast period 2024-2032.
Healthcare providers are leveraging cloud technologies to offer virtual consultations, monitor patients remotely, and ensure continuity of care. The need for interoperability and data sharing among healthcare providers is another critical driver, as cloud platforms enable seamless data exchange and collaboration. Moreover, the growing focus on personalized medicine, the rise of healthcare analytics, and the need for cost-effective IT infrastructure are further driving the adoption of cloud solutions in the healthcare industry.
The rise of remote work and hybrid work models has also led SMEs to explore innovative catering solutions such as meal delivery services and virtual event catering. Furthermore, the demand for flexible and affordable catering options, the growing popularity of office meal programs, and the need for convenient and high-quality food services are key factors driving the growth of the segment.
The cloud computing market is driven by several key factors that are propelling its rapid growth. One of the primary drivers is the increasing adoption of digital transformation initiatives across various industries. Organizations are leveraging cloud technologies to enhance operational efficiency, improve customer experiences, and gain a competitive edge. The scalability and flexibility offered by cloud solutions enable businesses to quickly adapt to changing market conditions and scale their operations as needed.
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The global cloud computing service market size was valued at $550 billion in 2023 and is projected to reach $1,800 billion by 2032, growing at a CAGR of 14%. This market is set to witness significant growth driven by the increasing adoption of advanced technologies and the need for scalable infrastructure. Cloud computing services offer scalable, flexible, and cost-effective solutions, making them increasingly popular among businesses of all sizes. The surge in digital transformation initiatives across various industries is also propelling the market forward.
The first major growth factor for the cloud computing service market is the increasing adoption of digital transformation strategies across industries. Organizations are leveraging cloud technologies to enhance their operational efficiency, improve customer engagement, and gain a competitive edge. The COVID-19 pandemic accelerated the shift towards digitalization, as businesses sought to maintain continuity and adapt to remote work environments. This shift has further underscored the importance of cloud computing as a pivotal enabler of digital resilience and flexibility.
Another significant driver is the growing demand for big data analytics and artificial intelligence (AI) applications. Cloud computing provides the computational power and storage capabilities needed to process and analyze vast amounts of data in real-time. Industries such as healthcare, finance, and retail are increasingly relying on cloud-based solutions to harness the potential of big data and AI for improved decision-making, personalized customer experiences, and predictive analytics. This trend is expected to contribute substantially to the market's growth over the forecast period.
Moreover, the rising need for scalable and cost-effective IT infrastructure is pushing organizations to adopt cloud services. Traditional on-premises infrastructure often involves substantial upfront investments and ongoing maintenance costs. Cloud computing, on the other hand, offers a pay-as-you-go model that allows businesses to scale their resources based on demand, reducing capital expenditure and operational overhead. This cost-efficiency is particularly advantageous for small and medium-sized enterprises (SMEs) that may have limited budgets for IT infrastructure.
The role of Cloud Equipment in the cloud computing ecosystem cannot be overstated. As businesses transition to cloud-based solutions, the demand for robust and reliable cloud equipment becomes paramount. This includes servers, storage devices, and networking hardware that form the backbone of cloud infrastructure. High-performance cloud equipment ensures seamless data processing, storage, and retrieval, which are critical for maintaining service quality and uptime. As organizations increasingly rely on cloud services, investing in state-of-the-art cloud equipment is essential to support scalability and meet the growing demands of digital transformation. The continuous innovation in cloud equipment technology is also driving efficiency and reducing operational costs for service providers.
In terms of regional outlook, North America currently dominates the cloud computing service market, accounting for a significant share of the global market. The presence of major cloud service providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, along with the early adoption of advanced technologies, has contributed to the region's leadership position. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the rapid digitalization of economies, increasing investments in cloud infrastructure, and the expanding tech-savvy population.
The cloud computing service market is segmented by service models, which include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Each of these service models caters to different business needs and offers various levels of control, flexibility, and management.
Infrastructure as a Service (IaaS) provides virtualized computing resources over the internet. It is the most basic cloud service model, offering essential infrastructure such as virtual machines, storage, and networking. Businesses can leverage IaaS to avoid the complexities and costs associated with managing physical servers and data centers. IaaS is par
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Unlock data-backed intelligence on the Global Cloud Computing Market size at USD 625 billion in 2023, showcasing industry trends and future outlook driven by technology advancements.
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The United States cloud computing market, valued at $183.57 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 14.61% from 2025 to 2033. This expansion is driven by several key factors. Increased digital transformation initiatives across diverse sectors, including manufacturing, healthcare, and finance, are fueling demand for scalable and flexible cloud solutions. Furthermore, the growing adoption of cloud-native applications, enhanced data security measures, and the increasing availability of high-speed internet connectivity are significantly contributing to market growth. The preference for cloud-based services among Small and Medium-sized Enterprises (SMEs) and large enterprises alike is also a major driver. Competition amongst major players like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure is fierce, leading to continuous innovation and price optimization, making cloud services more accessible. However, certain restraints exist. Concerns regarding data privacy and security, along with the complexities associated with cloud migration and integration, can hinder widespread adoption. The market is segmented by cloud deployment models (public, private, hybrid), organizational size (SMEs, large enterprises), and end-user verticals, revealing varying growth rates within these segments. While the public cloud segment dominates, driven by IaaS, PaaS, and SaaS offerings, the hybrid cloud model is gaining traction as organizations seek a balanced approach to cloud adoption. The significant market share held by the US suggests that the country remains a key player, influencing global cloud computing trends and innovation. Future growth will likely be shaped by advancements in artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), further increasing demand for sophisticated cloud infrastructure and services. Recent developments include: March 2024: Cognizant and Google Cloud unveiled an expanded partnership aimed at streamlining the software delivery lifecycle and boosting developer productivity. Cognizant is set to leverage Gemini for Google Cloud in two primary ways. Firstly, Cognizant will train its associates to utilize Gemini for software development support. Secondly, the company will embed Gemini's sophisticated features into its internal operations and platforms., April 2024: Broadcom Inc. and Google Cloud unveiled an expanded partnership. This collaboration would focus on optimizing Broadcom's VMware workloads for Google Cloud. Both companies would work together on go-to-market initiatives, integrate more of Broadcom's products and services into the Google Cloud Marketplace, and leverage Google Cloud's generative AI capabilities within Broadcom's offerings.. Key drivers for this market are: Robust Shift Toward Digital Transformation Across the United States, Advancement of AI and Big Data Analytics. Potential restraints include: Robust Shift Toward Digital Transformation Across the United States, Advancement of AI and Big Data Analytics. Notable trends are: Robust Shift Toward Digital Transformation Across North America.
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Healthcare Cloud Computing Market Size 2024-2028
The healthcare cloud computing market size is valued to increase by USD 98.6 billion, at a CAGR of 31.52% from 2023 to 2028. Integrated service offerings for healthcare will drive the healthcare cloud computing market.
Market Insights
North America dominated the market and accounted for a 47% growth during the 2024-2028.
By Product - SaaS segment was valued at USD 7.60 billion in 2022
By Component - Hardware segment accounted for the largest market revenue share in 2022
Market Size & Forecast
Market Opportunities: USD 966.13 billion
Market Future Opportunities 2023: USD 98.60 billion
CAGR from 2023 to 2028 : 31.52%
Market Summary
The market is experiencing significant growth as the global healthcare industry increasingly embraces digital transformation. Cloud computing offers numerous benefits, including scalability, cost savings, and improved data security. One key driver of this trend is the need for operational efficiency and regulatory compliance in healthcare. For instance, a large hospital network may use cloud computing to streamline its supply chain management, enabling real-time inventory tracking and automated reordering of essential medical supplies. Another trend shaping the healthcare cloud computing landscape is the introduction of edge computing. Edge computing allows data processing to occur closer to the source, reducing latency and improving data security. This is particularly important in healthcare, where real-time data processing can mean the difference between life and death. However, the healthcare industry faces unique challenges in implementing cloud computing solutions. The shortage of cloud professionals with expertise in healthcare IT is a significant barrier to adoption. This skills gap can lead to delays in implementation and increased costs. Despite these challenges, the benefits of cloud computing in healthcare are too substantial to ignore. As the industry continues to evolve, we can expect to see more innovative applications of cloud computing technology, from telemedicine to population health management.
What will be the size of the Healthcare Cloud Computing Market during the forecast period?
Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, offering innovative solutions for various sectors, including care coordination, clinical trial management, and pharmacovigilance systems. One significant trend is the digital health transformation, which enables value-based care models and improves patient outcomes through data visualization dashboards and real-time data insights. Operational efficiency gains are another essential benefit, with companies reporting up to 30% reduction in processing time. Cloud computing security remains a priority, ensuring data privacy and protection through advanced encryption methods, access control, and machine learning applications. Wearable sensor data and precision medicine initiatives are revolutionizing patient care, while deep learning algorithms and computer vision applications streamline physician workflow and medical device integration. Population health management and workflow optimization are also crucial areas of focus, as healthcare organizations strive for improved patient engagement and cost reduction. In summary, the market offers numerous advantages, from enhanced care coordination and clinical trial management to operational efficiency gains and real-time data insights. By embracing cloud computing solutions, healthcare organizations can improve patient outcomes, streamline workflows, and reduce costs, all while maintaining the highest levels of data privacy and security.
Unpacking the Healthcare Cloud Computing Market Landscape
In the dynamic healthcare landscape, cloud computing has emerged as a game-changer, offering significant advantages over traditional on-premises systems. Virtual care delivery through cloud-based telemedicine platforms has seen a 30% increase in patient engagement, enabling remote access to medical services and improving patient outcomes. Data encryption algorithms ensure patient data security, while risk management strategies and cybersecurity protocols safeguard sensitive information. Predictive analytics models and AI-powered diagnostics enhance clinical decision support, driving ROI improvement by up to 25%. Cloud storage, compliant with HIPAA regulations, facilitates medical image archiving and health data exchange. Serverless computing, high-availability systems, and API integration in healthcare enable scalable infrastructure and streamlined workflows. Data governance frameworks and access control systems ensure compliance auditing and data de-identification methods protect patient privacy. Additionally, microservices architecture, containerization technologies, blockchain healthcare,
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The Canada Cloud Computing Market Report is Segmented by Cloud Type (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (IaaS, Paas, Saas, FaaS/Serverless), Organisation Size (SMEs, Large Enterprises), End-User Industry (BFSI, Healthcare & Life Sciences, Manufacturing, Retail & E-Commerce, and More). The Market Forecasts are Provided in Terms of Value (USD).
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The global private cloud services market is set to grow, with a valuation of USD 124.6 billion in 2025, and it is going to touch USD 618.3 billion by 2035. The CAGR of 15.9% is likely during the projection period proposed.
Metric | Value |
---|---|
Industry Size (2025E) | USD 124.6 billion |
Industry Value (2035F) | USD 618.3 billion |
CAGR (2025 to 2035) | 15.9% |
Country-wise CAGR Analysis of the Private Cloud Services Market (2025 to 2035)
Country | CAGR (2025 to 2035) |
---|---|
USA | 15.2% |
UK | 13.8% |
France | 12.5% |
Germany | 13.0% |
Italy | 11.3% |
South Korea | 14.0% |
Japan | 12.8% |
China | 16.5% |
Australia | 13.2% |
New Zealand | 11.9% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Amazon Web Services (AWS) | 32% |
Microsoft Azure | 25% |
IBM Cloud | 15% |
Google Cloud Platform (GCP) | 10% |
VMware | 8% |
Other Companies Combined | 10% |
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The cloud service market is expected to be valued at US$ 624.8 billion in 2024. The cloud service technologies are predicted to rise at a staggering CAGR of 15.7% from 2024 to 2034. The global market is anticipated to reach US$ 2,686.06 billion by 2034.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | US$ 624.8 billion |
Projected Market Value in 2034 | US$ 2,686.06 billion |
Value-based CAGR from 2024 to 2034 | 15.7% |
2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections
Historical CAGR from 2019 to 2023 | 14.9% |
---|---|
Forecast CAGR from 2024 to 2034 | 15.7% |
Country-wise Analysis
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 12.6% |
Germany | 15.2% |
Japan | 16.9% |
China | 16.2% |
Australia and New Zealand | 19.2% |
Category-wise Insights
Category | Market share in 2024 |
---|---|
Software as a Service (SaaS) | 56.1% |
Public Cloud | 60.4% |
Report Scope
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 624.8 billion |
Projected Market Valuation in 2034 | US$ 2,686.06 billion |
Value-based CAGR 2024 to 2034 | 15.7% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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The global healthcare cloud computing market size was valued at USD 54.50 Billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16.80% from 2025 to 2034. Increasing demand for data security, growing adoption of digital healthcare solutions, and advancements in cloud technology are driving market growth. North America holds the largest market share due to technological advancements, robust healthcare infrastructure, and the widespread adoption of cloud-based services.
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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