In the fourth quarter of 2024, Amazon Web Services (AWS), held around 30 percent market share of the cloud infrastructure services market. AWS's share of the cloud infrastructure services market has remained steady at around a third of the total market since at least 2017. Microsoft Azure and Google Cloud take 21 percent and 12 percent market share, respectively. The next twenty cloud providers held a combined 37 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 33 percent of the entire market. Microsoft Azure takes second place with 20 percent market share, followed by Google Cloud with 10 percent market share. Together, these three cloud vendors account for 63 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.

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 French Cloud Computing Market Report is Segmented by Type (Public Cloud [IaaS, Saas, and PaaS], Private Cloud, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises), and End-User Industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, IT and Telecom, Government and Public Sector, and Others [Utilities, Media and Entertainment, Etc. ]). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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.

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.

Japan Cloud Computing Market Report is Segmented by Type (Public Cloud [ IaaS, Paas, Saas], Private Cloud, Hybrid Cloud ), by Organization Size ( SMEs, Large Enterprises), by 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.

The ANZ (Australia and New Zealand) cloud computing market exhibits robust growth, mirroring the global trend. While precise ANZ-specific data isn't provided, extrapolating from the global CAGR of 22.42% and considering the region's strong digital adoption and economic development, we can project significant expansion. The $8.81 billion global market size in the specified year (assuming this is the 2025 value) suggests a substantial ANZ market share, likely in the hundreds of millions. Drivers such as increasing digital transformation initiatives by enterprises (particularly large enterprises and SMEs in sectors like BFSI, telecommunications, and government), rising demand for enhanced data security and scalability, and the increasing adoption of hybrid and multi-cloud strategies are key factors propelling this growth. The market is segmented by cloud deployment models (public, private, hybrid), organizational size, and industry verticals, with public cloud services (IaaS, PaaS, SaaS) experiencing the most rapid growth. Competitive dynamics are intense, with global giants like Microsoft, AWS, Google, and IBM alongside significant regional players vying for market share. While challenges exist such as data sovereignty concerns and cybersecurity risks, the overall trajectory points to sustained expansion in the coming years, fueled by ongoing technological advancements and evolving business needs. Growth is expected to be particularly strong in areas such as artificial intelligence, machine learning, and big data analytics within the cloud environment. The ANZ cloud computing market's growth trajectory is expected to remain positive throughout the forecast period (2025-2033). Sustained investment in digital infrastructure, government initiatives promoting cloud adoption, and the increasing maturity of cloud-native applications will contribute to this expansion. However, potential restraints include the need for skilled professionals, the complexities of managing multi-cloud environments, and the need for robust data privacy and security frameworks. Nonetheless, the long-term outlook remains optimistic, with significant opportunities for cloud providers and businesses alike to leverage the power of cloud technologies to achieve business objectives. We anticipate continuous innovation within cloud services, leading to further market segmentation and specialization in niche areas. This report provides a comprehensive analysis of the ANZ Cloud Computing Market, offering invaluable insights for businesses operating within or considering entry into this dynamic sector. Covering the period from 2019 to 2033, with a focus on 2025, this study meticulously examines market size, growth drivers, challenges, and future trends, enabling informed strategic decision-making. The report leverages a robust methodology, incorporating extensive primary and secondary research to deliver accurate and actionable intelligence. Recent developments include: August 2024: the TEAM Cloud platform announced that it would provide more than 100 Oracle Cloud Infrastructure (OCI) services. These services are designed to help New Zealand organizations comply with regulatory and data sovereignty mandates, ensuring sensitive data stays within the nation's borders. Consequently, this guarantees that all data is securely housed and safeguarded within New Zealand, bolstering both data residency and digital sovereignty.July 2024: Microsoft Corporation partnered with CCL, establishing Microsoft's first large-scale cloud in the upcoming New Zealand cloud region. As a result of this collaboration, CCL is expected to lead the large-scale migration of customers to Microsoft's North Cloud region in New Zealand.January 2024: Macquarie Cloud Services, in collaboration with Microsoft and Dell Technologies, unveiled "Macquarie Flex." This newly launched hybrid solution would use the power of Microsoft Azure Stack HCI (Hybrid Cloud Infrastructure) and Dell Technologies' APEX Cloud Platform for Microsoft Azure. The company also aims to offer workload flexibility, a unified management interface, a consistent user experience, round-the-clock mission-critical support, and continuous compliance across public, private, and hybrid cloud environments.. Key drivers for this market are: Growth of Cloud-Native Technologies, Rising Enterprise Demand for Cloud Services. Potential restraints include: Growth of Cloud-Native Technologies, Rising Enterprise Demand for Cloud Services. Notable trends are: Growing Demand of Hybrid Cloud in Australia and New Zealand.

The Asia-Pacific Cloud Computing Market Report is Segmented by Type (Public Cloud (IaaS, Paas, and SaaS), Private Cloud, and Hybrid Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industries (Manufacturing, Education. Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, Other End-User Industries), by Country (China, Japan, India, South Korea, Rest of Asia-Pacific). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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Latin America Cloud Computing Market Size 2025-2029

The latin america cloud computing market size is forecast to increase by USD 26.4 billion billion at a CAGR of 17.2% between 2024 and 2029.

The Latin American cloud computing market is experiencing significant growth due to the increasing adoption of cloud services for cost savings and enhanced business agility. According to recent studies, the region is witnessing a in demand for cloud solutions, particularly in sectors such as finance, healthcare, and education. A key driver for this trend is the growing recognition of the cost benefits associated with cloud computing, including reduced capital expenditures and operational expenses. However, the market is not without challenges. One of the most significant obstacles to growth is the complexity of integrating cloud solutions with existing IT infrastructure. This issue is particularly prevalent in larger organizations with legacy systems. Furthermore, concerns around data security and privacy have led many companies to opt for private cloud solutions. Despite these challenges, the market presents significant opportunities for companies seeking to capitalize on the region's growing demand for cloud services. To succeed, businesses must focus on addressing integration issues and providing security solutions to meet the evolving needs of Latin American organizations.

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

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The Latin American cloud computing market is experiencing growth, fueled by the region's increasing internet penetration and the demand for on-demand access to computing resources. According to industry reports, the market is expected to reach significant size in the coming years, driven by the adoption of various types of cloud services, including public, private, and hybrid cloud solutions. Businesses in Latin America are turning to cloud providers for infrastructure services such as storage and processing, enabling them to reduce capital expenditures and achieve cost savings. The region's market dynamics are shaped by the growing preference for cloud-based services in sectors like IT and finance, as well as the trend towards serverless computing. Cloud computing offers numerous benefits, including scalability, reliability, and accessibility, making it an attractive alternative to traditional mainframe computing. The internet explosion in Latin America has further accelerated the adoption of cloud services, as businesses seek to take advantage of the flexibility and efficiency offered by cloud providers. Overall, the Latin American cloud computing market is poised for continued growth, as more organizations embrace the benefits of cloud-based solutions.

How is this market segmented?

The market 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. ServiceSaaSIaaSPaaSDeploymentPublic cloudPrivate cloudGeographyLatin America

By Service Insights

The saas segment is estimated to witness significant growth during the forecast period.

Cloud computing has gained significant traction in Latin America, with software-as-a-service (SaaS) leading the market in 2024. In the SaaS model, cloud providers host software programs and associated data centers centrally, enabling users to access these applications and their features via web browsers over the Internet. Subscription fees grant users on-demand access to these services, eliminating the need for businesses to develop applications for various devices. SaaS offers numerous benefits, including cost savings, increased capacity, and reduced capital expenditures. Additionally, cloud infrastructure services, including public, private, hybrid, and serverless computing, are gaining popularity. IoT, machine learning, and infrastructure services are essential components of cloud computing, offering networking features, data storage space, and operating system support. Resource procurement, capacity planning, software maintenance, and cost savings are crucial considerations for businesses adopting cloud computing. Key players in the Latin American cloud computing market include leading research firms such as , , , s, , , , and .

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The SaaS segment was valued at USD billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Latin America C

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%

China Cloud Computing Market Report is Segmented by Type (Public Cloud [ IaaS, Paas, Saas], Private Cloud, Hybrid Cloud ), by Organization Size ( SMEs, Large Enterprises), by 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.

The Brazil Cloud Computing Market Report is Segmented by Type (Public Cloud [IaaS, Paas, and Saas], Private Cloud, Hybrid Cloud), Organization Size (SMEs, Large Enterprise), by End-User Industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, Other End-User Industries (Utilities, Media & Entertainment, Etc. )). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Abovementioned Segments.

The ANZ Cloud Computing Market Report is Segmented by Type (Public Cloud [IaaS, Paas, Saas], Private Cloud, and Hybrid Cloud), Organization Size (SMEs and Large Enterprises), End-User Industries (Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector, Others [Utilities, Media & Entertainment Etc. ]) and Country (Australia and New Zealand). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global cloud computing market size is expected to reach USD 2283.40 billion by 2032 according to a new study by Polaris Market Research.

The global healthcare cloud computing market size reached USD 51.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 156.4 Billion by 2033, exhibiting a growth rate (CAGR) of 12.61% during 2025-2033. The increasing prevalence of various health conditions, rising need for improved patient care, streamlined operations, and enhanced data-driven decision-making, and the introduction of mobile health (mHealth) applications are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 51.0 Billion
Market Forecast in 2033	USD 156.4 Billion
Market Growth Rate (2025-2033)	12.61%

IMARC Group provides an analysis of the key trends in each segment of the global healthcare cloud computing market report, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on service model, cloud deployment model, application, and end user.

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.

The global private cloud services market is forecasted to value US$ 405.30 billion by 2033, up from US$ 92.64 billion in 2023. As per the market reports, the private cloud services market share is advancing at a CAGR of 15.8% during the forecast period.

Report Attributes	Details
Private Cloud Services Market Value (2023)	US$ 92.64 billion
Private Cloud Services Market Anticipated Value (2033)	US$ 405.30 billion
Private Cloud Services Projected Growth Rate (2023 to 2033)	15.8%

Regional Analysis

Region	North America
Market Share % (2023)	40.1%

Region	Europe
Market Share % (2023)	23.5%

Report Scope

Report Attributes	Details
Growth Rate	CAGR of 15.8% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Type Service Industry Vertical Region
Regions Covered	North America Latin America Europe East Asia South Asia Oceania The Middle East and Africa
Key Countries Profiled	The United States Canada Brazil Argentina Germany The United Kingdom France Spain Italy Nordics BENELUX Australia & New Zealand China India ASIAN GCC South Africa
Key Companies Profiled	Cisco Systems, Inc. Dell Inc. HP Inc. IBM Corporation Microsoft Corporation Oracle Corporation Rackspace Hosting, Inc. Red Hat, Inc. Salesforce.com, Inc. VMware, Inc.
Customization	Available Upon Request

Experience substantial growth in the UAE Cloud Computing Market, with an estimated CAGR of approximately 36.12% anticipated from 2024 to 2030.

According to Cognitive Market Research, the global private cloud services market size will be USD 125421.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.50% 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 50168.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 37626.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 28846.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6271.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% 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 2508.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.
The large enterprises category is the fastest growing segment of the private cloud services industry

Market Dynamics of Private Cloud Services Market

Key Drivers for Private Cloud Services Market

Increasing Emphasis on Compliance with Regulations to Boost Market Growth

The private cloud services market has experienced growth because of the growing focus on privacy and adherence to regulations. Businesses are forced to make sure that their information stays inside certain regional bounds and is governed by regional protection laws as privacy legislation becomes stricter across numerous industries and geographies. Because they allow organizations to maintain authority over the storage and accessibility of their information, private cloud services are a practical solution that also helps them comply with legal obligations. This advantage not only promotes the use of private cloud services by enterprises but also increases trust in the dependability and security of information management practices, which drives the market's overall expansion. For instance, Hewlett Packard Enterprise (HPE) is a key leader in the private cloud market. The business prides itself on its ability to provide customized private cloud solutions that combine infrastructure tools and cloud apps to meet the specific requirements of each customer. After that, businesses can incorporate this platform into a multi-cloud or hybrid platform.

Rising Need for Storage of Data to Drive Market Growth

The private cloud services market has witnessed steady growth due to the increasing requirement for data storage. File storage is becoming more and more necessary as more people choose to save and share their photos, documents, collections, and other belongings. All kinds of enterprises can now use inexpensive, flexible tools, facilities, and storage thanks to cloud computing. Private cloud services provide ways to save costs while enhancing the proficiency and flexibility of information technology. Statistics have applications in both the personal and professional spheres. The need for data storage in the cloud has increased. As a result, a lot of cloud storage companies provide limitless data storage. The expanded capacity, instant accessibility, and archive backup capabilities of consumer computers and handheld gadgets are driving the need for private cloud computing.

Restraint Factor for the Private Cloud Services Market

High Charges & Upfront Expenses, will Limit Market Growth

One factor impeding the expansion of the private cloud services industry is the upfront fees and deployment expenses. Private clouds provide more customization and protection, but the infrastructure setup and migration of legacy applications can be costly. These upfront fees may be exorbitant for small to mid-sized organizations, particularly those with tight budgets. Furthermore, the continuous costs for upkeep and administration may be high. The market's overall expansion may be slowed down if some firms are discouraged from implementing private cloud services by these financial constraints.

Impact of Covid-19 on the Private Cloud Services Market

The private cloud services business was greatly affected by the COVID-19 pandemic. Organizations expanded their use of techn...