This statistic shows global expenditure on the software as a service (SaaS) and the related platform as a service (PaaS) market from 2016 to 2027. In 2019, spending on Software as a Service worldwide is forecast to reach 170 billion U.S. dollars.Software as a Service - additional informationTogether with Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), Software as a Service (SaaS) is one of the three primary tiers of cloud computing, allowing a business to redirect resources away from IT hardware, software, and personnel expenses, and towards other needs.Under the Software-as-a-Service model, service providers sell their clients access to application software and databases. The infrastructure, platforms (operating systems), and often the details of the software are then concealed from the customer, who typically connects to the service via a client program or web browser. The customer is not responsible for maintaining any of the hardware or resources, usually paying a per-user or per-use fee. This pricing model means that costs are flexible and scalable, allowing users to be added or removed as necessary. At this time, Software as a Service generates approximately two-thirds of the revenue of the cloud computing market. While revenue growth in this area is not expected to slow greatly in the near future, the overall market share of cloud software services is expected to shrink in the face of increased cloud platform and infrastructure growth.In the Software-as-a-Service market, the largest companies are currently Salesforce, Microsoft, Adobe, SAP, Oracle, and IBM. While Salesforce is currently the largest vendor of cloud infrastructure services, the market is presently less concentrated than the cloud infrastructure segment.

The revenue in the public cloud market in the United States was forecast to continuously increase between 2024 and 2029 by in total 505.7 billion U.S. dollars (+130.18 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 894.16 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the public cloud market was continuously increasing over the past years.Find more information concerning the Netherlands and Finland. The Statista Market Insights cover a broad range of additional markets.

The Global Sales Forecasting Software Market is projected to grow from USD 7.4 billion in 2021 to USD XX billion by 2028, at a CAGR of 10.1% during the forecast period (2021-2028). Growing demand for accurate and precise sales forecasts as well as rising adoption of cloud-based solutions are key factors driving the growth of this market over the coming years.

Sales forecasting software is a tool that helps businesses predict future sales. The software uses historical data and current market conditions to create a forecast. This information can help businesses make decisions about inventory, staffing, and other areas of the business.

On the basis of Type, Global Sales Forecasting Software Market is segmented into Cloud-based, On-premises.

Cloud-based:

Cloud-based Forecasting Software is software that resides on a remote server and can be accessed by authorized users through the internet. It eliminates the need for installing and maintaining software on local computers, which makes it ideal for businesses with multiple locations or those that want to share data among employees. Cloud-based solutions are typically subscription services that charge monthly or annual fees based on usage.

On-premises:

On-premises Forecasting Software is software that resides on the customer's computer network and can be accessed only by authorized users. It offers more customization options and control over data than cloud-based solutions but requires more maintenance and management. On-premises solutions are typically licensed software that charges a one-time fee for use.

On the basis of Application, Global Sales Forecasting Software Market is segmented into Small Business, Midsize Enterprise, Large Enterprise, Other.

Small Business:

Sales forecasting is a critical part of managing any business, but it can be especially challenging for small businesses. It's difficult to predict how much revenue the business will generate and what type of inventory should be kept on hand because there are fewer historical sales records to work with. However, forecasts enable companies to plan by determining staffing levels and ordering supplies based on expected demand. Sales forecasting software helps these small businesses overcome those challenges as well as increase both productivity and profitability.

Midsize Enterprise:

Sales forecasting offers these businesses a way to predict future sales, better manage inventory levels, maintain higher staffing levels during peak months and reduce the risk of over-ordering supplies. These benefits help midsize enterprises make more accurate decisions about how much product should be produced or purchased as well as where those products should go in the warehouse. Midsize enterprises typically have annual revenues between USD 100 million and USD 500 million, making them an attractive target market for software vendors looking at this segment of the industry.

On the basis of Region, Global Sales Forecasting Software Market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

North America: Sales forecasting can help businesses make more informed decisions about how much product should be produced or purchased as well as where those products should go in the warehouse. These benefits are especially helpful for organizations that sell their goods and services across North America, which is why it's expected to account for a significant share of this market over the next few years.

Europe: The European market for sales forecasting software is expected to grow at a healthy pace over the next several years as more businesses embrace automation and advanced technology. Sales forecasting can help companies make better decisions about staffing, inventory levels, and other areas of the business that positively impact their bottom line.

Asia Pacific: The Asia-Pacific region offers opportunities for growth in terms of both volume and value thanks to its rapidly growing economy and thriving small business sector. This will be an important area to watch as it develops since those trends bode well not only for this market but also for many others throughout the Asia Pacific during the forecast period.

Latin America: Latin American countries such as Brazil offer major potential due to their burgeoning middle-class population and increasing demand for goods and services. This region is expected to experience healthy growth in the sales forecasting software market over the next decade as businesses become more sophistic

This statistic shows the vendor revenue of the public cloud market from 2012 to 2027. In 2018, revenues from the public cloud market are expected to reach combined 258 billion U.S. dollars. That same year, revenue from the SaaS and related PaaS segment was expected to amount to 170 billion U.S. dollars. Cloud computing is a model for providing on-demand access to resources, whether they are networks, storage, applications, or services. For businesses, the benefits of cloud computing are cost savings and improved business agility and responsiveness.

Global Sales Forecasting Software market size was USD 34.65 Billion in 2022 and it is forecasted to reach USD 80.28 Billion by 2030. Sales Forecasting Software Industry's Compound Annual Growth Rate will be 11.1% from 2023 to 2030. Factors Impacting on Sales Forecasting Software Market

Drivers – increasing demand for cloud-based software will propel the sales forecasting software market

The increasing demand for cloud-based services will drive the boost in the market, due to cloud-based services, which are becoming increasingly popular in the current period of digitization. Software that is stored on a distant server and accessible through the internet by authorized users is referred to as cloud-based forecasting software. Recent market innovations including the ability to design customer strategies, formula flexibility, and goal-seeking features are boosting market growth

Restraining Factor:

The high cost of software will hamper the sales forecasting market

The market for sales forecasting software will be constrained by the high cost of software because the cost of gross sales includes all direct expenses spent in producing the goods or services supplied. The expenses of the raw materials used in production and the labor costs of factory employees are elements that will influence the high cost of the market for manufactured goods. Introduction of Sales Forecasting Software

The sales forecasting software is the ultimate tool for predicting future lead volume, sales pipeline software, and close probability. It allows businesses to set realistic sales goals with high levels of accuracy. Cloud-based services are present in the Sales Forecasting Software Market product area, and it is projected that they will significantly accelerate market growth in the near future. The market will rise in the future years as a result of rising acceptance of cloud-based solutions, increased demand for precise and accurate sales forecasts

Introduction

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

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

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

The global sales forecasting tool market is experiencing robust growth, driven by the increasing need for accurate sales predictions among businesses of all sizes. The market's expansion is fueled by several factors, including the rising adoption of cloud-based solutions offering scalability and cost-effectiveness, the growing demand for data-driven decision-making in sales operations, and the increasing complexity of sales processes across diverse industries. Large enterprises are leading the adoption, leveraging advanced forecasting techniques for strategic planning and resource allocation. However, SMEs are increasingly embracing these tools to improve sales efficiency and enhance their competitive edge. The market is segmented by deployment type (cloud-based and on-premises) and application (large enterprises and SMEs), with the cloud-based segment dominating due to its flexibility and accessibility. Key players like Salesforce, Zoho CRM, and Freshsales are driving innovation and competition, offering a range of features including AI-powered forecasting, integrated CRM functionalities, and advanced reporting capabilities. While the on-premises segment continues to hold a share, the trend is clearly toward cloud-based solutions, mirroring the broader shift in enterprise software adoption. Geographic growth is diverse, with North America and Europe currently holding significant market share, though regions like Asia-Pacific are showing promising growth potential driven by rapid digital transformation. The market is expected to maintain a healthy CAGR (let's assume a conservative 12% based on industry trends) over the forecast period (2025-2033). While factors such as the initial investment cost for implementation and potential integration challenges can act as restraints, the overall market outlook remains positive. The increasing availability of user-friendly interfaces, coupled with the proven ROI of accurate sales forecasting, are expected to further propel market growth. Competition is likely to intensify as existing players enhance their offerings and new entrants emerge. The future will likely see greater integration of AI and machine learning to improve forecasting accuracy and predictive analytics, leading to more sophisticated and insightful sales strategies.

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

This statistic shows the revenue of the public cloud infrastructure as a service (IaaS) and platform as a service (PaaS) market from 2016 to 2027. In 2019, spending on the global IaaS and related PaaS market is forecast to reach 88 billion U.S. dollars.Infrastructure as a Service - additional informationIn addition to Platform as a Service (PaaS) and Software as a Service (SaaS), Infrastructure as a Service (IaaS) is one of the three central service models of the cloud computing market. Under infrastructure as a service, service providers sell their clients access to hardware and resources, such as servers, network, storage, or virtual machines. The client is not responsible for maintaining those resources, as the details of the physical layer are concealed. Instead, they are responsible for higher level resources, such as the platform or operating system and the software. Typically customers are billed on a utility basis; that is, a customer pays only for what they are allocated and consume. As the provider is also free to sell unused resources, there is a substantial opportunity for cost-savings and efficiency gains for both sides.Infrastructure as a Service currently represents almost a third of the overall cloud computing market and revenues are expected to rise significantly over the coming years. However, its overall market share is expected to fall, losing ground to the maturing Platform as a Service market.Within the Infrastructure as a Service market, the vendors with the largest market share are currently Amazon, through its Web Services offering; Microsoft, with Azure; Google, via its Compute Engine; and IBM, with its SmartCloud Enterprise. While Amazon is the largest vendor of cloud infrastructure services by some margin, its dominance over the market is lessening as the larger competitors make headway.

Global SaaS Cloud Computing market size 2025 was XX Million. SaaS Cloud Computing Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global personal cloud market size is USD 24.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031. Market Dynamics of Personal Cloud Market

Key Drivers for Personal Cloud Market

Rising Need for Storage of Data - The growing need for storage for data is driving the need for personal clouds. Because more people prefer to keep and distribute their images, papers, collections, and other items, the demand for file storage is expanding. Due to cloud computing, organizations of all types are able to utilize tools, facilities, and storage that are both adaptable and affordable. Personal cloud services offer options to lower expenses while improving information technology competence and adaptability. Both private and professional uses are possible for statistics. The need for cloud-based data storage has grown. Many cloud storage providers provide infinite data storage as a result. The need for personal cloud computing is being driven by consumer desktops and portable devices' increased capacity, immediate availability, and record backup abilities.
Raising awareness is also driving the market growth.

Key Restraints for Personal Cloud Market

Concerns about privacy and data safety are a major barrier to mainstream acceptance of personal cloud services.
The personal cloud industry is being limited by high starting prices and the absence of technological recognition in emerging economies.

Introduction of the Personal Cloud Market

A personal cloud refers to a type of computing system where users may utilize their software and information digitally. Access to a personal cloud is possible from any internet-connected device, making cross-platform collaboration and syncing effortless. Activities such as backing up data, coordination, collaborating, and accessibility via the internet all make use of personal cloud platforms. The personal cloud industry is expanding as a result of the spread of computerized substances, the increasing popularity of the internet, the increasing utilization of handheld technology, and increasing demands for data restoration and security. Additionally, end consumers now find personal cloud to be more enticing due to improvements in security and privacy capabilities.

Global Cloud market size 2025 is $770.5 Billion whereas according out published study it will reach to $2799.47 Billion by 2033. Cloud market will be growing at a CAGR of 17.5% during 2025 to 2033.

Global Web Services Cloud market size 2025 was XX Million. Web Services Cloud Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global sales forecasting tool market is projected to reach USD XXX million by 2033, growing at a CAGR of XX% from 2025 to 2033. This growth can be attributed to factors such as the increasing adoption of cloud-based solutions, the need for improved sales forecasting accuracy, and the growing complexity of sales processes. The cloud-based segment is expected to hold the largest share of the market due to its flexibility, scalability, and cost-effectiveness. Large enterprises are the primary users of sales forecasting tools, as they require accurate insights to optimize their sales performance. North America is anticipated to be the largest regional market, followed by Europe and Asia Pacific. The presence of major vendors and early adoption of advanced technologies in North America contribute to its dominance. Europe is expected to witness significant growth due to the increasing adoption of cloud-based solutions and the growing number of SMEs in the region. The Asia Pacific region is expected to grow rapidly, driven by the growing adoption of sales forecasting tools in emerging economies such as China and India. Key players in the market include Freshsales, Zoho CRM, Anaplan, Gong, Salesmate, LivePlan, Workday, Revenue Grid, Pipedrive, Aviso, Zendesk, Avercast, Mediafly, Salesforce, OnPlan, Clari, ForecastX, and many more

The statistic depicts the revenue generated by the public cloud market from 2012 to 2015, with a forecast to 2020. In 2017, the public cloud market is predicted to generate 117 billion U.S. dollars in revenue.

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Cloud Artificial Intelligence (AI) Market Size 2024-2028

The cloud artificial intelligence (ai) market size is forecast to increase by USD 12.61 billion, at a CAGR of 24.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the emergence of technologically advanced devices and the increasing adoption of 5G and mobile penetration. These advancements enable faster and more efficient data processing, leading to increased demand for cloud-based AI solutions. However, the market also faces challenges from open-source platforms, which offer free alternatives to proprietary AI offerings. Companies must navigate this competitive landscape by focusing on providing value-added services and maintaining a strong competitive edge through innovation and differentiation. To capitalize on market opportunities, organizations should explore applications in sectors such as healthcare, finance, and manufacturing, where AI can drive operational efficiency, enhance customer experiences, and generate new revenue streams. Effective strategic planning and a strong focus on data security will be crucial for businesses seeking to succeed in this dynamic and evolving market.

What will be the Size of the Cloud Artificial Intelligence (AI) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in machine learning (ML), computer vision, and natural language processing. Bias mitigation and responsible AI are increasingly prioritized, with knowledge graphs and explainable AI (XAI) playing crucial roles in ensuring transparency and trust. Agile development and AI ethics are integral to creating ethical and unbiased AI systems. ML models are being applied across various sectors, from fraud detection and sales forecasting to speech recognition and image recognition. Data security and privacy remain paramount, with cloud computing and edge computing solutions offering secure alternatives. Deep learning (DL) and reinforcement learning are advancing rapidly, enabling more sophisticated AI applications. Semantic reasoning and predictive analytics are transforming decision making, while AI-powered chatbots and virtual assistants enhance customer service. Data labeling and model training are essential components of AI development, with API integration streamlining deployment and model training. Risk management and predictive analytics are critical for businesses seeking to mitigate potential threats and optimize operations. The ongoing unfolding of market activities reveals a dynamic landscape, with AI regulations and governance emerging as key considerations. Sentiment analysis and text analytics offer valuable insights into customer behavior and preferences. In the ever-evolving AI ecosystem, continuous innovation and adaptation are essential. The integration of various AI technologies and applications will shape the future of business and society.

How is this Cloud Artificial Intelligence (AI) Industry segmented?

The cloud artificial intelligence (ai) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ComponentSoftwareServicesGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanRest of World (ROW)

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.Artificial Intelligence (AI) software development is a significant area of innovation in the business world, with applications ranging from automating operations to personalizing service delivery and generating insights. AI technologies, such as machine learning (ML), deep learning (DL), computer vision, speech recognition, and natural language processing, are transforming industries. Responsible AI practices, including bias mitigation and explainable AI (XAI), are crucial for building trust and ensuring fairness in AI systems. Agile development methodologies facilitate the integration of AI capabilities into existing software. Data security and privacy are paramount in AI implementations. Cloud computing and edge computing provide flexible solutions for storing and processing sensitive data. AI regulations, such as those related to data privacy and security, are shaping the market. AI ethics are also a critical consideration, with transparency and accountability essential for building trust in AI systems. AI is revolutionizing various industries, from healthcare to finance and marketing. In healthcare, AI is used for predictive analytics, sales forecasting, and fraud detection, improving patient outcomes and operational efficiency. In finance, AI is used for risk management