In the fourth quarter of 2024, Amazon Web Services (AWS), held around ** percent market share of the cloud infrastructure services market. AWS's share of the cloud infrastructure services market has remained steady at around a ***** of the total market since at least 2017. Microsoft Azure and Google Cloud take ** percent and ** percent market share, respectively. The next ****** cloud providers held a combined ** percent of market share. The main types of cloud computing Infrastructure as a service (IaaS) or cloud infrastructure services form one of the three core service models of the

In the fourth quarter of 2024, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled ** percent of the entire market. Microsoft Azure takes second place with ** percent market share, followed by Google Cloud with ** percent market share. Together, these three cloud vendors account for ** percent of total spend in the fourth quarter of 2024. Organizations use cloud services from these vendors for machine learning, data analytics, cloud native development, application migration, and other services. AWS Services Amazon Web Services is used by many organizations because it offers a wide variety of services and products to its customers that improve business agility while being secure and reliable. One of AWS’s most used services is Amazon EC2, which lets customers create virtual machines for their strategic projects while spending less time on maintaining servers. Another important service is Amazon Simple Storage Service (S3), which offers a secure file storage service. In addition, Amazon also offers security, website infrastructure management, and identity and access management solutions. Cloud infrastructure services Vendors offering cloud services to a global customer base do so through different types of cloud computing, which include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Further, there are different cloud computing deployment models available for customers, namely private cloud and public cloud, as well as community cloud and hybrid cloud. A cloud deployment model is defined based on the location where the deployment resides, and who has access to and control over the infrastructure.

According to Cognitive Market Research, the global cloud infrastructure market size will be USD 605142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 22.30% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 242057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 181542.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 139182.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 30257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12102.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2031.
The services held the highest cloud infrastructure market revenue share in 2024.

Market Dynamics of Cloud Infrastructure Market

Key Drivers for Cloud Infrastructure Market

Rise in the Technological Advancements to Increase the Demand Globally

Technological advancements are significantly propelling the cloud infrastructure market. Innovations in artificial intelligence, machine learning, and automation are enhancing cloud services' efficiency, scalability, and cost-effectiveness. The advent of edge computing and 5G technology is enabling faster data processing and reducing latency, further driving cloud adoption. Additionally, advancements in security technologies are making cloud environments more secure, encouraging more businesses to migrate to the cloud. These technological developments are transforming how companies operate, fueling the growth and expansion of the cloud infrastructure market.

Growing Number of Connected Devices to Propel Market Growth

The growing number of connected devices, particularly through the Internet of Things (IoT), significantly impacts the cloud infrastructure market. As IoT devices proliferate, they generate massive volumes of data that require robust processing, storage, and management capabilities. Cloud infrastructure provides the scalable and flexible environment needed to handle this influx of data, enabling real-time analytics, efficient data processing, and seamless connectivity across devices. This demand for enhanced cloud services drives the expansion of the cloud infrastructure market as businesses seek to leverage IoT-driven insights and efficiencies.

Restraint Factor for the Cloud Infrastructure Market

Data Privacy & Security Concerns Related to Cloud Solution to Limit the Sales

Data privacy and security concerns are critical in the cloud infrastructure market as organizations store sensitive data in cloud environments. Risks include data breaches, unauthorized access, and compliance with data protection regulations. Cloud providers must implement robust security measures, such as encryption, access controls, and regular audits, to protect customer data. Additionally, concerns about data sovereignty and cross-border data transfer further complicate security in the cloud. Addressing these concerns is essential for building trust and ensuring the continued growth of cloud adoption.

Impact of Covid-19 on the Cloud Infrastructure Market

The COVID-19 pandemic significantly accelerated the growth of the cloud infrastructure market. As businesses rapidly transitioned to remote work, the demand for cloud services surged, enabling companies to maintain operations and collaboration. The pandemic highlighted the need for scalable, flexible, and resilient IT infrastructure, driving widespread cloud adoption across industries. Additionally, the crisis spurred digital transformation initiatives, pushing organizations to invest in cloud-based solutions for business continuity, disaster recovery, and remote access, further fueling the expansion of the cloud infrastructure market. Introduction of the Cloud Infrastructure Market

Cloud infrastructure refers to the virtualized IT resources and services, including servers, storage, networking, and software, delivered over t...

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).

In the first quarter of 2021, Amazon Web Services (AWS) took ** percent of market share of the cloud infrastructure services in the United States. Microsoft Azure takes the second place with ** percent, and Google Cloud the third with * percent market share. Collectively, these cloud service providers account for ** percent of total cloud infrastructure services spend in the United States market.

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).

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

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.

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 & Africa region, while still in the nascent stages of cloud adoption, is expected to demonstrate steady growth as digital infrastructure improves and awareness of cloud benefits increases.

Service Model Analysis

The cloud computing market is segmented by service model into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Among these, Software as a Service (SaaS) continues to hold the largest share, primaril

The Cloud Infrastructure Services Market report segments the industry into By Service Type (Compute as a Service, Storage as a Service, and more), By Deployment Model (Public Cloud, Private Cloud, and more), By Organization Size (Small and Medium-Sized Enterprises (SMEs), and more), By End-user Vertical (BFSI, IT & Telecommunications, and more), and By Geography (North America, Europe, and more).

North America Cloud Computing Market Report is Segmented by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Service Model (Infrastructure-As-A-Service (IaaS), Platform-As-A-Service (PaaS), Software-As-A-Service (SaaS)), Organization Size (SMEs, Large Enterprises), End-User Verticals (Manufacturing, Education, Retail, Healthcare, BFSI, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

China's cloud infrastructure services market continues to evolve, with Alibaba Cloud maintaining a strong position. In the third quarter of 2024, Alibaba Cloud is projected to hold approximately ** percent market share in this rapidly growing sector. This dominance of established domestic tech giants reflects the broader dynamic of China's high-tech industry. Market growth and key players The Chinese cloud computing market is experiencing significant expansion, with its size expected to reach nearly *** billion yuan in 2024 and surpass ************ yuan by 2025. Alibaba Cloud's leadership is complemented by other tech giants like Tencent, Baidu, and Huawei, who are also major players in this competitive market. Alibaba Cloud commanded almost ** percent of the market share, solidifying its position as the largest cloud computing vendor in China. Who is Alibaba Cloud? Alibaba Cloud, also known as Aliyun, has demonstrated strong financial performance, generating revenues of ***** million U.S. dollars worldwide in 2023. As a subsidiary of Alibaba Group, the company offers a wide range of cloud computing services to businesses, including data storage, content delivery networks, relational databases, and anti-DDoS protection. In addition, Alibaba cloud Cloud operates the chatbot, Qwen, known locally as Tongyi, which is among the leading LLMs in the country.

Newly-released Healthcare Cloud Infrastructure Market analysis report by Future Market Insights shows that global sales of Healthcare Cloud Infrastructure Market in 2022 were held at US$ 45.1 Billion. With a CAGR of 23.9%, the market is projected to reach a valuation of US$ 464.1 Billion by 2033. The market is projected to gross an absolute dollar opportunity of US$ 409 Billion during the forecast period.

The North American cloud computing market, valued at $248.07 million in 2025, is experiencing robust growth, projected to expand significantly over the forecast period (2025-2033). A Compound Annual Growth Rate (CAGR) of 15.23% indicates a substantial increase in market size driven by several factors. The increasing adoption of cloud services by both Small and Medium-sized Enterprises (SMEs) and large enterprises across diverse sectors like manufacturing, healthcare, BFSI (Banking, Financial Services, and Insurance), and government is a primary catalyst. Furthermore, the shift towards digital transformation initiatives, the need for enhanced scalability and flexibility, and the cost-effectiveness of cloud solutions are fueling market expansion. Competitive pressures among major players like Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Salesforce are leading to continuous innovation and improved service offerings, further stimulating market growth. The hybrid cloud model, combining public and private cloud infrastructure, is gaining traction due to its ability to address specific security and compliance needs, contributing to the market's dynamism. While data on specific regional breakdowns within North America (United States and Canada) is limited, it's reasonable to assume a significant concentration of market share in the United States, given its advanced technological infrastructure and high adoption rates. The market's growth trajectory is likely to remain strong, driven by ongoing technological advancements and the increasing reliance on cloud-based solutions across various industries. The North American cloud computing market segmentation reveals significant opportunities across various sectors. The public cloud (IaaS, PaaS, SaaS) segment is expected to dominate, reflecting the widespread adoption of cloud-based applications and services. However, the private and hybrid cloud segments are also experiencing growth, driven by security and regulatory compliance requirements. The large enterprise segment contributes a substantial portion of the market revenue, but the SME segment is also showing significant growth potential, indicating a broad-based adoption of cloud technologies. Geographical analysis, while limited by available data, points towards a strong market presence in the United States, given its established technology sector and high adoption rates. However, Canada's growing digital economy suggests increasing cloud adoption within its borders as well. Continued investment in infrastructure, coupled with evolving industry regulations and robust technological innovation, will continue to shape the North American cloud computing market landscape in the coming years. Recent developments include: June 2024: Apple unveiled its cloud intelligence system, Private Cloud Compute (PCC), tailored for cloud-based artificial intelligence (AI) tasks, prioritizing privacy preservation. PCC aims to transfer complex, power-intensive requests to the cloud while guaranteeing that data remains confidential and is never exposed to any third party, including Apple., May 2024: VPS AI unveiled its decentralized cloud computing solutions. The launch of VPS AI marks a significant shift in the cloud computing landscape. VPS AI provides a decentralized solution for establishing virtual private servers and containerized nodes, enabling individuals and enterprises to liberate themselves from the dominance of major tech corporations.. Key drivers for this market are: Robust Shift Towards Digital Transformation Across North America, Advancement of AI and Big Data Analytics. Potential restraints include: Robust Shift Towards Digital Transformation Across North America, Advancement of AI and Big Data Analytics. Notable trends are: Robust Shift Towards Digital Transformation Across North America.

The global Cloud Computing market size reached USD 486.75 Billion in 2022 registering a CAGR of 14.2%. Discover the latest trends and analysis on the Cloud Computing Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities, and m...

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).

Cloud Infrastructure Market size was valued at USD 392.65 Billion in 2024 and is projected to reach USD 1323.92 Billion by 2032, growing at a CAGR of 18.10% from 2026 to 2032.

Global Cloud Infrastructure Market Drivers

The integration of artificial intelligence (AI), machine learning (ML), and big data with cloud infrastructure is now propelling industry growth. This convergence of cutting-edge technology is poised to transform how businesses operate and interact with their data. AI and ML capabilities, when combined with cloud services' scalability and flexibility, enable enterprises to extract meaningful insights from massive amounts of unprocessed data. Real-time analytics, predictive modelling, and improved decision-making capabilities are just a few of the advantages provided by this collaboration.

The scalability and accessibility that come from combining AI and ML with cloud infrastructure are significant benefits. Cloud platforms provide the computing and storage resources required to train and deploy complex AI models efficiently. This scalability ensures that enterprises of all sizes can benefit from AI and machine learning capabilities without making major upfront expenditures in hardware or infrastructure.

Another important factor driving market growth is the democratization of AI and ML technologies via the cloud. Cloud service providers provide a variety of AI-powered tools, APIs, and development frameworks to help developers and data scientists design and launch novel apps quickly. This democratization lowers the entrance barrier for enterprises interested in implementing AI and ML, making cutting-edge technology more accessible and encouraging creativity across industries. As businesses grasp the revolutionary potential of these technologies, the market is likely to grow and evolve, generating additional innovation and market expansion.

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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 grow

The Report Covers Germany Cloud Computing Companies and the Market is Segmented by Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Type (SMEs, Large Enterprises), End-User Industries (Manufacturing, Education, Retail, Transportation, and Logistics, Healthcare, BFSI, Telecom, and IT, Government and Public Sector). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Discover the latest insights from Market Research Intellect's Cloud Infrastructure Service Market Report, valued at USD 70 billion in 2024, with significant growth projected to USD 130 billion by 2033 at a CAGR of 7.5% (2026-2033).

Discover the latest insights from Market Research Intellect's Cloud Infrastructure Market Report, valued at USD 100 billion in 2024, with significant growth projected to USD 200 billion by 2033 at a CAGR of 8.5% (2026-2033).