Global Cloud Computing market size is expected to reach $1481.2 billion by 2029 at 15.5%, segmented as by public cloud, infrastructure as a service (iaas), platform as a service (paas), software as a service (saas), cloud storage services

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.

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

Global Cloud Services market size is expected to reach $841.63 billion by 2029 at 8.3%, segmented as by type, software as a service (saas), platform as a service (paas), infrastructure as a service (iaas), business process as a service (bpaas)

In 2024, the global public cloud services market is expected to grow by approximately **** percent, which amounts to about *** billion U.S. dollars. While the growth of cloud services is relatively rapid, it still represents a small percentage of the global IT services market, which is forecast to cross *** trillion U.S. dollars in 2024. What is a public cloud? A public cloud is a type of cloud computing through which a service provider makes resources, such as applications, virtual machines, or storage capabilities, available to the public via the internet. Clients pay for these resources through a pay-as-you-go model or by subscription. The kind of resources offered vary by cloud provider, which is why organizations that want to migrate their data and workloads to the cloud need to develop a migration strategy beforehand. Public cloud as part of the IT infrastructure solution Today’s clouds used by organizations are usually not deployed as standalone solutions. Rather, they are an integral part of a heterogeneous mix of information technology (IT) network solutions and environments. Ultimately, organizations seek to increase performance and security while lowering costs and ensuring a wider availability of their services and applications by deploying public clouds.

Global Cloud Storage market size is expected to reach $273.05 billion by 2029 at 21.7%, segmented as by type, object storage, file storage, block storage

The cloud service market is expected to be valued at US$ 624.8 billion in 2024. The cloud service technologies are predicted to rise at a staggering CAGR of 15.7% from 2024 to 2034. The global market is anticipated to reach US$ 2,686.06 billion by 2034.

Attributes	Key Insights
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Value in 2034	US$ 2,686.06 billion
Value-based CAGR from 2024 to 2034	15.7%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	14.9%
Forecast CAGR from 2024 to 2034	15.7%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	12.6%
Germany	15.2%
Japan	16.9%
China	16.2%
Australia and New Zealand	19.2%

Category-wise Insights

Category	Market share in 2024
Software as a Service (SaaS)	56.1%
Public Cloud	60.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 624.8 billion
Projected Market Valuation in 2034	US$ 2,686.06 billion
Value-based CAGR 2024 to 2034	15.7%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Service Type Deployment Enterprise Size Industry Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	IBM Corporation Dell Technologies SAP Google Oracle Corporation Cisco System Inc. AWS Fujitsu Global Rackspace Technologies Inc. Microsoft

The global cloud computing market is calculated at a size of US$ 628.6 billion for 2024 and is projected to increase at a noteworthy CAGR of 14.2% to reach US$ 2,371.6 billion by 2034.

Report Attributes	Details
Cloud Computing Market Size (2024E)	US$ 628.6 Billion
Forecasted Market Value (2034F)	US$ 2,371.6 Billion
Global Market Growth Rate (2024 to 2034)	14.2% CAGR
South Korea Market Value (2034F)	US$ 126.6 Billion
Key Companies Profiled	Google LLC IBM Corporation Oracle Corporation Salesforce Adobe Inc. Microsoft Corporation SAP SE Workday, Inc. Alibaba Group Holding Limited Amazon Inc.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 66.9 Billion
Growth Rate (2024 to 2034)	14.7% CAGR
Projected Value (2034F)	US$ 262.8 Billion

Attribute	China
Market Value (2024E)	US$ 68.9 Billion
Growth Rate (2024 to 2034)	14.2% CAGR
Projected Value (2034F)	US$ 260.2 Billion

Category-wise Analysis

Attribute	Large Enterprises
Segment Value (2024E)	US$ 352 Billion
Growth Rate (2024 to 2034)	13.6% CAGR
Projected Value (2034F)	US$ 1256.9 Billion

Attribute	BFSI
Segment Value (2024E)	US$ 114.6 Billion
Growth Rate (2024 to 2034)	12.6% CAGR
Projected Value (2034F)	US$ 474.3 Billion

Global Cloud Database And DBaaS market size is expected to reach $63.19 billion by 2029 at 21.3%, segmented as by solution, relational cloud databases, nosql cloud databases, in-memory cloud databases, newsql cloud databases

Cloud Engineering Market size was valued at USD 371.17 Billion in 2024 and is projected to reach USD 1066.24 Billion by 2031, growing at a CAGR of 14.11% from 2024 to 2031.

Cloud Engineering Market Drivers

Rising Adoption of Cloud Computing: As businesses increasingly migrate to cloud-based infrastructures to enhance scalability, flexibility, and cost-efficiency, the demand for cloud engineering services has surged. These services help organizations design, deploy, and manage cloud environments effectively, driving market growth.

Digital Transformation Initiatives: Enterprises across various industries are undergoing digital transformation, leveraging cloud technologies to modernize their IT infrastructure, improve operational efficiency, and accelerate innovation. Cloud engineering is critical to these initiatives, as it provides the expertise needed to implement and optimize cloud solutions.

Growing Need for Cost Optimization: Companies are increasingly focused on optimizing their IT budgets. Cloud engineering services enable organizations to reduce capital expenditure by shifting to cloud models and improving the efficiency of their cloud deployments. This focus on cost optimization is a significant driver of the market.

The statistic shows the size of the cloud platforms market worldwide from 2008 to 2020. In 2020, the combined cloud IaaS and PaaS market is predicted to be worth around ** billion U.S. dollars worldwide.

Global Distributed Cloud market size is expected to reach $13.48 billion by 2029 at 23.6%, the impact of distributed cloud adoption on industry growth

Cloud Computing In Education Market size was valued at USD 28,145.66 Million in 2024 and is projected to reach USD 98,119.92 Million by 2032, growing at a CAGR of 16.97% from 2026 to 2032.

Global Cloud Computing In Education Market Overview

The integration of cloud computing technology is causing a huge revolution in the education industry. The requirement for adaptable, scalable, and reasonably priced technologies to suit contemporary learning environments is the main force behind this change. By enabling access to a vast array of online resources and services, the cloud helps educational institutions become less dependent on on-premises equipment and save money on operating expenses. Improving collaboration and communication between students, teachers, and administrators is one of the main benefits of cloud computing in education. Cloud-based platforms make it easier to share materials, homework, and comments, which promotes more participatory and interesting learning. Furthermore, the global use and expansion of cloud computing in the education sector is being largely fueled by the cooperation between IT businesses and educational institutions.

Public Cloud Market size was valued at USD 444.7 billion in 2019 and is poised to grow from USD 521.63 billion in 2023 to USD 2193.04 billion by 2031, growing at a CAGR of 17.3% in the forecast period (2024-2031).

Global Marketing Cloud Platform Market is poised for a significant growth, with market size projected to surge from USD 19.42 Billion in 2024 to USD 62.72 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 13.91% during the forecast period.

The Global Marketing Cloud Platform market size to cross USD 62.72 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/

The worldwide public cloud computing market continues to grow and is expected to reach an estimated ****** 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.

Cloud Monitoring Market By Size, Share, Trends, Growth, Forecast 2027, Segmented By Component, By Service Model, By Organization Size, By Industry, By Company, By Region, Competition Forecast and Opportunities

Pages	110
Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Unlock data-backed intelligence on Global Cloud Database Market, size at USD 26.5 billion in 2023, showcasing industry trends and key players.

Global Cloud Based Simulation Application market size is expected to reach $5.86 billion by 2029 at 8.6%, segmented as by software as a service (saas), simulation software solutions, data analytics and modeling tools

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.

Attribute	Details
Global Healthcare Cloud Infrastructure Market (2023)	US$ 55.1 Billion
Global Healthcare Cloud Infrastructure Market (2033)	US$ 464.1 Billion
Global Healthcare Cloud Infrastructure Market CAGR (2023 to 2033)	23.9%
USA Healthcare Cloud Infrastructure Market CAGR (2023 to 2033)	23.4%
Key Companies Profiled	Dell, Inc. Hewlett Packard Enterprise Development Microsoft Oracle IBM Salesforce Amazon