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.

The statistic shows the size of the hosting and cloud computing market from 2010 to 2020. In 2018, the market for cloud computing and hosting services is predicted to be worth 118 billion U.S. dollars worldwide.

With approximately 24 percent market share, Amazon Web Services was the leading provider in the global public cloud Infrastructure as a Service (IaaS), System Infrastructure as a Service (SISaaS), and Platform as a Service (PaaS) market in 2020. Microsoft was the second-largest company in the market with a share almost 17 percent.

Turkey Cloud Computing Market Size, Share, Trends Analysis & Industry Report by Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), By Workload (Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Enterprise Resource Management, and Collaboration and Content Management), By Industry Verticals - Market Scope, Growth Opportunities & Industry Forecast, 2020-2027

The statistic depicts the predicted market share of three major cloud service providers in the United States in 2020. According to the survey, respondents predicted Amazon Web Services to hold 52 percent of the cloud services market in 2020.

The Asia-Pacific Cloud Computing Market Report is Segmented by Deployment Model (Public, Private, Hybrid, Multi-Cloud), Service Model (IaaS, Paas, Saas, FaaS/BaaS, Draas), Organization Size (SMEs, Large Enterprises), End-User Industry (Manufacturing, Education, Retail, Transportation, Healthcare, BFSI, Telecom, Government, Utilities, Media), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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

With ** percent, Microsoft Azure took most of the market share for cloud computing in the Netherlands in 2020. Azure had within the healthcare sector the highest share with ** percent, whereas AWS had just six percent. Amazon Web Services, Microsoft Azure, and Google Cloud Platform are cloud services in which you can either store data, backup data, compute data or use specialized software created by either platform.

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

The Turkey Cloud Computing Market was valued at USD 2.69 Billion in 2024 and is expected to reach USD 9.70 Billion by 2030 with a CAGR of 23.65% during the forecast period.

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

Analysts at GMI Research estimates that the Egypt Cloud Computing Market is projected to grow at a remarkable CAGR during forecast period till 2027

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).

Asia Pacific Cloud Computing Market size, market analysis, Market Revenue, trends, Regional Outlook, competition and growth opportunities till 2027

In 2018, the public cloud computing market is projected to be worth around *** billion U.S. dollars. The market has seen massive growth over the past decade, skyrocketing from a value of less than *********** 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.

In 2024, with a market share of ** percent, Amazon Web Services (AWS) is set to be the leading global infrastructure as a service (IaaS) and platform as a service (PaaS) hyperscale vendor. In this specific instance, the four hyperscalers are characterized by their technology, CAPEX budget, resources, heft, and customer momentum that make them unique. While there are other companies in the market, the hyperscalers outperform these companies under consideration of the aforementioned metrics. Hyperscaler cloud provider Hyperscale cloud providers have global scale, innovative technology, and deep expertise in consulting and global business solutions. The companies utilize these abilities to offer a broad range of services to their customers, including platform re-architecture, data migration, and application development. In doing this, they become business partners rather than being mere suppliers of cloud computing resources. Cloud market segments Cloud computing can be compartmentalized into software as a service (SaaS), PaaS, and IaaS. SaaS is a software delivery model in which software is centrally hosted and delivered to customers on a subscription basis. IaaS offers an entire information technology (IT) infrastructure to its customers, which is provisioned and managed over the internet. PaaS, on the other hand, provides a full development and deployment environment in the cloud.

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Private Cloud Services Market Size 2025-2029

The private cloud services market size is forecast to increase by USD 385.7 billion at a CAGR of 19.6% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the increased preference for private cloud solutions due to enhanced data security. This trend is particularly prominent in the Banking, Financial Services, and Insurance (BFSI) sector, where the handling of sensitive financial data necessitates stringent security measures. However, the adoption of private cloud services is not without challenges. One of the major obstacles is the high costs associated with implementing and maintaining these services. Despite this, the market presents numerous opportunities for companies seeking to capitalize on the growing demand for secure and customizable cloud solutions. Organizations can address the cost challenge by exploring cost-effective deployment models, such as hybrid cloud, and optimizing resource utilization.
Additionally, they can leverage advanced technologies, such as automation and artificial intelligence, to streamline operations and reduce operational costs. Overall, the market is poised for growth, offering significant opportunities for companies that can effectively address the security concerns and cost challenges of their clients.

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

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The market continues to evolve, with dynamic market activities shaping its landscape. Cloud storage solutions, such as block and object storage, play a crucial role in data management for various sectors, including financial services and enterprise resource planning. Cloud automation, driven by network, storage, and server virtualization, enables continuous delivery and integration. Disaster recovery and business continuity are essential components of cloud services, ensuring uninterrupted operations for large enterprises. Cloud security is a top priority, with advanced solutions protecting against cyber threats and ensuring data privacy. Customer relationship management applications enhance business interactions, while API management streamlines integration and collaboration.
Cloud native and cloud-adjacent technologies, like machine learning and artificial intelligence, are transforming industries, from edge computing to big data analysis. Cost optimization and continuous improvement are ongoing priorities, with cost savings and efficiency gains driving adoption. Hybrid cloud solutions cater to diverse business needs, offering flexibility and scalability. Cloud orchestration and management tools facilitate seamless integration and optimization of these services. The Internet of Things and supply chain management are among the many sectors adopting cloud services for improved efficiency and innovation.

How is this Private Cloud Services Industry segmented?

The private cloud services 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.

Service

  IaaS
  SaaS
  PaaS


Type

  Large enterprise
  Small and medium enterprise


Vertical

  BFSI
  IT & Telecom
  Healthcare & Life Sciences
  Government & Public Sector
  Retail & Consumer Goods
  Manufacturing
  Energy & Utilities


Deployment Type

  Dedicated Private Cloud
  Virtual Private Cloud


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Service Insights

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

Private cloud services, a model of Infrastructure-as-a-Service (IaaS), enable businesses to access and utilize computing infrastructure, including servers, storage, network components, and data center space, over the Internet. IaaS companies offer enterprises on-demand access to a vast pool of IT equipment installed across multiple data centers worldwide. These solutions are delivered in a highly automated manner, providing benefits such as better security. In a private cloud setup, the entire infrastructure operates within corporate firewalls, ensuring enhanced security for applications and data. Moreover, private cloud services support the integration of advanced technologies like cloud automation, network virtualization, storage virtualization, server virtualization, block storage, disaster recovery, file storage, cloud security, customer relationship management, object storage, and API management.

The adoption of these technologies contributes to the maturity of cloud services, enabling enterprises to optimize costs, improve business continuity, and enhance operational efficiency. Ar

The Cloud Computing In Healthcare Market report segments the industry into Application (Clinical Information Systems (CIS), Non-clinical Information Systems (NCIS)), Deployment (Private Cloud, Public Cloud), Service (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS)), End User (Healthcare Providers, Healthcare Payers), and Geography (North America, Europe, Asia Pacific, and more).

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)

[105 Pages Report] India Cloud Computing Market 2020 By Private, Public, Hybrid, Market Trends, Share, Forecast & Opportunities.