The revenue in the public cloud market worldwide was modeled to amount to ************** U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************** U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************* U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Public Cloud.

The public cloud market size is projected to grow from USD 0.567 trillion in 2024 to USD 3.36 billion by 2035, representing a CAGR of 17.58%, during the forecast period till 2035.

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.

The Public Cloud Market Report is Segmented by Deployment (Software-As-A-Service (SaaS), Platform-As-A-Service (PaaS), and Infrastructure-As-A-Service (IaaS)), Organization Size (Small and Medium Enterprises, and Large Enterprises), End-User Industry (BFSI, Healthcare and Life Sciences, Government and Public Sector, Manufacturing, IT and Telecom, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The revenue in the public cloud market in the United States was modeled to stand at ************** U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by ************** U.S. dollars since 2018. Between 2024 and 2030, the revenue will rise by ************** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Public Cloud.

Snapshot img

Public Cloud Services Market Size 2025-2029

The public cloud services market size is valued to increase USD 1707.7 billion, at a CAGR of 23.1% from 2024 to 2029. Increasing number of data center hyperscale and colocation providers will drive the public cloud services market.

Major Market Trends & Insights

North America dominated the market and accounted for a 59% growth during the forecast period.
By Service - SaaS segment was valued at USD 256.20 billion in 2023
By Type - SMEs segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 595.06 billion
Market Future Opportunities: USD 1707.70 billion
CAGR : 23.1%
North America: Largest market in 2023

Market Summary

The market represents a dynamic and continually evolving landscape, driven by the increasing adoption of core technologies such as artificial intelligence, machine learning, and automation. This shift towards cloud-based solutions is fueled by the growing number of data center hyperscale and colocation providers, which offer scalable and flexible infrastructure to businesses. Additionally, strategic partnerships and collaborations among market participants continue to shape the competitive landscape, as they seek to expand their offerings and reach new customer segments. However, the market also faces challenges, including company lock-in and operational complexities, which can hinder adoption and create barriers to entry for smaller players. According to recent estimates, the market is expected to account for over 60% of total enterprise IT spending by 2023, underscoring its growing importance in the digital economy.

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

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Public Cloud Services Market Segmented and what are the key trends of market segmentation?

The public 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. ServiceSaaSIaaSPaaSTypeSMEsLarge enterpriseEnd UserBFSIIT & telecomRetail & consumer goodsManufacturingEnergy & utilitiesHealthcareMedia & entertainmentGovernment & public sectorOthersDeployment TypePublic CloudHybrid CloudApplicationStorage & BackupApplication Development & TestingAnalytics & Big DataBusiness ApplicationsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Service Insights

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

The market is experiencing significant growth, with cloud storage services and resource monitoring witnessing a substantial uptake. Object storage systems have become increasingly popular due to their flexibility and scalability, while various storage tiers cater to diverse business needs. Virtual machines and cloud-native applications have gained traction, with compute instance types offering customizability and managed Kubernetes services ensuring seamless container orchestration. Disaster recovery solutions are essential for business continuity, while cloud security posture remains a top priority. Serverless function scaling and microservices architecture have revolutionized application development, with serverless computing enabling on-demand resource allocation. Data encryption methods are essential for securing sensitive information, and software-defined networking streamlines network management. Data archiving strategies and cloud cost optimization are critical for efficient data management. Container orchestration tools like elastic block storage and hybrid cloud deployments facilitate seamless integration of on-premises and cloud infrastructure. High availability clusters and auto-scaling capabilities ensure uninterrupted service delivery. API gateway services, network virtualization, infrastructure as code, and load balancing algorithms are essential components of modern cloud architectures. DevOps automation tools and API management platforms streamline development and deployment processes. Cloud-based analytics provide valuable insights for data-driven decision-making. According to recent studies, the market has grown by 21.5% in the past year, and industry experts anticipate a further 25.3% expansion in the upcoming years. These trends reflect the continuous evolution of the market and its applications across various sectors, offering businesses increased flexibility, scalability, and cost savings.

Request Free Sample

The SaaS segment was valued at USD 256.20 billion in 2019 and showed a gradual increase during the forecast period.

Request Free Sample

Region

The size of the Public Cloud Market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 16.30% during the forecast period. Recent developments include: May 2023: Informatica, an enterprise cloud data management player, further strengthened ties with Google Cloud and put more management in the hands of consumers with two new developments: the launch of Informatica's Intelligent Master Data Management Software-as-a-Service natively on Google Cloud and Informatica's comprehensive Intelligent Data Management Cloud (IDMC). Informatica's AI-powered, multidomain Intelligent MDM SaaS on Google Cloud provides consumers with a trusted, holistic view of their entire data domain across all enterprise domains, from consumers, suppliers, and products to workers, locations, and industry-specific assets., April 2023: Palantir Technologies Inc. reported that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in Microsoft Azure Government and Azure Commercial environments. This milestone extends Palantir and Microsoft's strategic collaboration from the private sector to the public sector, obtaining the best-in-class cloud components for the federal marketplace.. Key drivers for this market are: Rise in development of new technologies such as 5G, Artifical Intelligence, Machine Learning and Internet of Things, Economic benefits leading to cloud adoption. Potential restraints include: High Cost of Marketing Technology. Notable trends are: Software-as-a-Service (SaaS) is Expected to Hold Significant share.

Global Public Cloud Market was valued at USD 510.82 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 15.27% through 2029.

Explore insights from Market Research Intellect's Public Cloud Market Report, valued at USD 600 billion in 2024, expected to reach USD 1.2 trillion by 2033 with a CAGR of 8.5% during 2026-2033.Uncover opportunities across demand patterns, technological innovations, and market leaders.

Public Cloud Market is segmented By Services (Business Process Services (BPaaS), Application Infrastructure Services (PaaS)) and Organization (Small Enterprises, Medium Enterprises, and Large Enterprises)

According to Cognitive Market Research, the global Public Cloud market size was USD 685.3823 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 12.80% from 2024 to 2031. Market Dynamics of Public Cloud Market

Key Drivers for Public Cloud Market

Digital Transformation Acceleration: Enterprises across various sectors are transitioning workloads to public cloud platforms to enhance agility. The development of cloud-native applications is becoming the norm for new IT initiatives. The ongoing demand for remote work solutions continues to propel adoption. This transition signifies a fundamental shift in the architecture of enterprise computing.

Cost Optimization Requirements: The public cloud removes the need for upfront capital investments in hardware. Pay-as-you-go pricing models offer financial flexibility for expanding businesses. Automated scaling minimizes the over-provisioning of resources. These economic advantages are especially beneficial in volatile markets.

Advanced Service Offerings: Cloud service providers are consistently innovating with AI/ML and analytics services. Integrated developer tools expedite the time-to-market for applications. A global infrastructure guarantees low-latency performance across the globe. These features provide competitive advantages for those who adopt them.

Key Restraints for Public Cloud Market

Security and Compliance Concerns: Data residency obligations complicate deployments across multiple nations. The shared responsibility framework presents challenges in security governance. High-profile security breaches heighten scrutiny of cloud configurations. These elements hinder adoption in industries subject to regulation.

Vendor Lock-in Risks: Proprietary services and APIs establish barriers to migration. The complexity of pricing complicates effective cost management. Limited portability across cloud platforms raises concerns for enterprises. These dependencies cause hesitation among potential adopters.

Network Dependency Issues: Performance is heavily dependent on the quality of internet connectivity. Applications sensitive to latency encounter operational difficulties. Outages can significantly disrupt business continuity. These constraints limit the migration of certain workloads.

Key Trends for Public Cloud Market

Hybrid and Multi-Cloud Strategies: Enterprises are increasingly implementing architectures that encompass multiple cloud providers. Tools for unified management are streamlining complex environments. The portability of workloads is evolving into a crucial requirement. This strategy strikes a balance between flexibility and risk management.

Edge Computing Integration: Cloud service providers are broadening their offerings to include services at network edge locations. This development facilitates latency-sensitive applications such as IoT and AR/VR. Distributed architectures are transforming cloud deployment models. The distinction between cloud and edge is progressively diminishing.

Sustainable Cloud Initiatives: Service providers are making significant investments in renewable energy sources for their data centers. Tools for tracking carbon footprints are becoming commonplace. Customers are increasingly favoring environmentally friendly cloud solutions. Sustainability is rising as a significant differentiator. Introduction of the Public Cloud Market

Public Cloud, also referred to as cost-efficiency, plays a crucial role as organizations seek to optimize their IT expenditures by shifting from capital-intensive infrastructure to scalable, pay-as-you-go models offered by public cloud providers. Secondly, scalability and flexibility are significant drivers, enabling companies to scale operations and adjust to shifting demands seamlessly and quickly. Thirdly, advancements in technology, such as AI and machine learning, integrated within cloud services enhance productivity and innovation capabilities. Additionally, the global shift towards remote work and digital transformation initiatives further accelerates cloud adoption, ensuring anytime, anywhere access to data and applications securely. Lastly, regulatory requirements and data sovereignty issues push organizations towards cloud solutions that offer compliance and robust security measures, reinforcing trust and reliability in public cloud platforms.

Public Cloud Market Outlook

According to our latest research, the global Public Cloud market size reached USD 602.8 billion in 2024, demonstrating robust expansion across all major regions. With a compelling compound annual growth rate (CAGR) of 17.3% from 2025 to 2033, the market is set to soar, reaching an estimated USD 2,029.7 billion by 2033. The primary growth drivers include rapid digital transformation, rising adoption of cloud-native technologies, and the continuous demand for scalable IT infrastructure among enterprises of all sizes. As organizations increasingly prioritize agility, cost efficiency, and innovation, the public cloud market is poised for sustained and dynamic growth through the forecast period.

The public cloud market is experiencing a surge in demand, primarily fueled by the increasing need for flexible and scalable IT solutions among businesses worldwide. As enterprises accelerate their digital transformation strategies, the adoption of public cloud services such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) has become essential for supporting remote work, seamless collaboration, and rapid deployment of applications. The proliferation of data-intensive workloads, coupled with the growing reliance on artificial intelligence, machine learning, and big data analytics, has further intensified the need for robust cloud infrastructure. Moreover, the shift towards hybrid and multi-cloud environments is empowering organizations to optimize performance, ensure business continuity, and enhance operational efficiency, thereby contributing significantly to the market’s exponential growth.

Another critical growth factor for the public cloud market is the increasing investment in cloud security, compliance, and governance. As cloud adoption expands across highly regulated industries such as banking, financial services, insurance (BFSI), and healthcare, ensuring data privacy and regulatory compliance has become paramount. Leading cloud providers are continuously enhancing their security frameworks and offering advanced tools for identity management, threat detection, and data encryption. This has instilled greater confidence among enterprises to migrate sensitive workloads to the public cloud, driving further market penetration. Additionally, the integration of emerging technologies such as edge computing and the Internet of Things (IoT) is amplifying the need for scalable and secure cloud platforms, unlocking new revenue streams and fostering innovation across diverse industry verticals.

The public cloud market’s growth is also propelled by the increasing focus on cost optimization and operational agility. By leveraging the pay-as-you-go pricing models offered by public cloud providers, organizations can reduce capital expenditures, minimize infrastructure maintenance costs, and allocate resources dynamically based on real-time demand. This financial flexibility is particularly advantageous for small and medium enterprises (SMEs), enabling them to compete with larger players and accelerate time-to-market for new products and services. Furthermore, the widespread availability of cloud marketplaces, managed services, and automation tools is simplifying cloud adoption and management, empowering businesses to innovate rapidly and respond effectively to evolving market dynamics.

From a regional perspective, North America continues to dominate the public cloud market, driven by the presence of leading cloud service providers, a mature digital ecosystem, and high cloud adoption rates among enterprises. However, Asia Pacific is emerging as the fastest-growing region, fueled by rapid economic development, increasing investments in digital infrastructure, and the proliferation of startups and SMEs. Europe is also witnessing significant growth, supported by stringent data protection regulations and a strong focus on digital innovation. Meanwhile, Latin America and the Middle East & Africa are gradually catching up, as governments and businesses in these regions recognize the strategic benefits of cloud adoption for economic growth and competitiveness.

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).

The public cloud market is booming, projected to reach $2 trillion by 2033, fueled by digital transformation and cloud-native applications. Learn about key drivers, trends, and leading players like AWS, Azure, and Google Cloud in this comprehensive market analysis. Recent developments include: May 2023: Informatica, an enterprise cloud data management player, further strengthened ties with Google Cloud and put more management in the hands of consumers with two new developments: the launch of Informatica's Intelligent Master Data Management Software-as-a-Service natively on Google Cloud and Informatica's comprehensive Intelligent Data Management Cloud (IDMC). Informatica's AI-powered, multidomain Intelligent MDM SaaS on Google Cloud provides consumers with a trusted, holistic view of their entire data domain across all enterprise domains, from consumers, suppliers, and products to workers, locations, and industry-specific assets., April 2023: Palantir Technologies Inc. reported that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in Microsoft Azure Government and Azure Commercial environments. This milestone extends Palantir and Microsoft's strategic collaboration from the private sector to the public sector, obtaining the best-in-class cloud components for the federal marketplace.. Key drivers for this market are: Rise in development of new technologies such as 5G, Artifical Intelligence, Machine Learning and Internet of Things, Economic benefits leading to cloud adoption. Potential restraints include: Rise in development of new technologies such as 5G, Artifical Intelligence, Machine Learning and Internet of Things, Economic benefits leading to cloud adoption. Notable trends are: Software-as-a-Service (SaaS) is Expected to Hold Significant share.

Snapshot img

Private And Public Cloud In Financial Services Industry Market Size 2025-2029

The private and public cloud in financial services industry market size is valued to increase by USD 178.59 billion, at a CAGR of 23.8% from 2024 to 2029. Growing demand for virtually unlimited storage and big data will drive the private and public cloud in financial services industry market.

Market Insights

North America dominated the market and accounted for a 43% growth during the 2025-2029.
By Service Type - SaaS segment was valued at USD 30.99 billion in 2023
By Deployment - Private cloud segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 341.07 million 
Market Future Opportunities 2024: USD 178588.40 million
CAGR from 2024 to 2029 : 23.8%

Market Summary

In the financial services industry, the adoption of private and public cloud solutions continues to gain momentum, driven by the growing demand for virtually unlimited storage and big data processing capabilities. The financial sector's increasing reliance on technology for operational efficiency, risk management, and customer experience enhancement is fueling this trend. OpenStack, an open-source cloud computing platform, is a popular choice for many financial institutions due to its flexibility and scalability. However, the use of both private and public clouds presents unique challenges. Data security and privacy are paramount in the financial services industry, and ensuring the protection of sensitive information is a top priority. A real-world business scenario illustrates the importance of cloud solutions in financial services. Consider a global bank with a complex and geographically dispersed supply chain. By implementing a private cloud solution, the bank can securely store and process data related to its supply chain operations. Meanwhile, a public cloud platform can be used to analyze this data in real-time, providing valuable insights for optimizing the supply chain and improving operational efficiency. Despite the benefits, the implementation of private and public cloud solutions in financial services comes with its own set of challenges. Ensuring data security and privacy, complying with stringent regulatory requirements, and maintaining operational continuity are just a few of the issues that financial institutions must address. As the financial services industry continues to digitalize, the importance of secure and efficient cloud solutions will only grow.

What will be the size of the Private And Public Cloud In Financial Services Industry Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleIn the dynamic financial services industry, the adoption of both private and public cloud solutions continues to evolve, shaping crucial business areas such as compliance, budgeting, and product strategy. According to recent research, private cloud deployments account for approximately 45% of the total cloud infrastructure in the financial sector, while public cloud usage holds the remaining 55% (Market Research Future). Private clouds offer enhanced security and customization, making them an attractive choice for handling sensitive financial data. However, public clouds' scalability and cost-effectiveness enable financial institutions to efficiently manage their budgets and quickly respond to market demands. For instance, a financial services company may leverage a private cloud for core banking applications while utilizing a public cloud for big data analytics. Data encryption standards, tokenization, and application security are essential considerations in cloud infrastructure finance. Compliance reporting finance necessitates adherence to data privacy regulations such as GDPR and HIPAA. In addition, cloud service providers must undergo regular security audits and penetration testing to ensure robust cybersecurity. Orchestration platforms, database management systems, and containerization are essential components of cloud systems that require agile development finance and system integration finance. Key management systems and data analytics finance enable financial institutions to gain valuable insights from their data, driving informed business decisions. In conclusion, the private and public cloud landscape in the financial services industry is a complex ecosystem, requiring a strategic approach to finance and technology. By understanding the unique benefits and challenges of each cloud deployment model, financial institutions can optimize their operations, maintain regulatory compliance, and effectively manage their budgets.

Unpacking the Private And Public Cloud In Financial Services Industry Market Landscape

In the financial services industry, the adoption of cloud technology continues to gain momentum, with private and public cloud solut

The Indonesia Cloud Market Report is Segmented by Service Model (Software As A Service, Platform As A Service, and More), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Small and Medium Enterprises and Large Enterprises), and End-Use Industry (IT and Telecom, BFSI, Retail and Consumer Goods, and More). The Market Forecasts are Provided in Terms of Value (USD).

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).

The Public Cloud System Infrastructure Services market is booming, projected to reach $67.48B in 2025 and grow at a CAGR of 14.4% through 2033. Learn about key drivers, trends, major players (AWS, Microsoft Azure, Google Cloud), and regional market share in this comprehensive analysis.

The size of the Public Cloud Market was valued at USD 229.74 billion in 2023 and is projected to reach USD 596.39 billion by 2032, with an expected CAGR of 14.6 % during the forecast period.

In 2021, the public cloud market size in Southeast Asia was estimated at *** billion U.S. dollars. Singapore had the largest public cloud market among Southeast Asian countries, at **** billion U.S. dollars. Indonesian public cloud market was forecast to increase massively by 2025, reaching **** billion U.S. dollars.