40+ Cloud Computing Stats From Reputable Sources in 2024

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There may be a variety of discuss in regards to the cloud, even on a day-to-day degree, and computing is a kind of areas. Cloud computing is a really broad matter and may be associated to many areas similar to deep studying. It’s no coincidence that there are such a lot of opinions on the topic, as a result of competence in cloud computing is immediately associated to the way forward for corporations (not experiencing vendor-lock-in, selecting the best providers in the precise areas).

On this article, we give you knowledge from numerous dependable sources on the topic. These can facilitate your decision-making processes and put you one step forward.

Cloud market forecasts

Market development

General, the worldwide income within the public cloud sector is projected to rise from 2023 to 2028, with an total development of ~470 billion U.S. {dollars}, marking a rise of ~80 p.c. Following 9 years of steady development, it’s anticipated that the income will hit a brand new excessive of 1.1 trillion U.S. {dollars} by 2028.¹
International cloud computing market continues to develop and is anticipated to succeed in an estimated ~680 billion U.S. {dollars} in 2024. This entails enterprise processes, platform, infrastructure, software program, administration, safety, and promoting providers delivered by public cloud providers.²
In 2023, the market worth of public cloud providers and Software program as a Service (SaaS) is projected to be round ~190 billion U.S. {dollars}, with expectations to develop to 232 billion U.S. {dollars} by 2024. SaaS functions, which function within the cloud, are sometimes accessible through desktop and cellular functions, in addition to by means of net interfaces.³
The Infrastructure as a Service (IaaS) phase throughout the cloud system is predicted to increase by ~30 p.c in 2024 relative to 2022. General, the general public cloud providers market is anticipated to see a 20 p.c development price, aside from cloud enterprise course of providers (BPaaS), that are anticipated to witness single-digit annual development charges.⁴
By 2024, the market worth of Platform as a Service (PaaS) is projected to exceed 176 billion U.S. {dollars}. PaaS represents a type of cloud computing delivered to clients by service suppliers.⁵
The worldwide market dimension for All the things as a Service (XaaS) is projected to achieve ~$1600 billion by 2028, experiencing a compound annual development price (CAGR) of ~20 through the forecast interval.⁶
In 2023, the worldwide marketplace for Something-as-a-Service (XaaS) stood at US$ ~280 Billion. IMARC Group tasks this market to increase to ~US$ 1,100 Billion by 2032, rising at a Compound Annual Development Charge (CAGR) of ~15% from 2024 to 2032.⁷

Determine 1. Survey with companies on cloud infrastructure.⁸

Vendor particular knowledge

Cloud markets predict extra distributors. Based on IDC, cloud marketplaces account for ~20% of rising impartial software program vendor (ISV) income, up from 15% in 2022.⁹

Amazon Internet Providers (AWS), the cloud computing division of Amazon, generated greater than $80 billion in income for Amazon’s total top-line, underpinned by an annual development price of 29%. Though this price was decrease than the earlier yr, it nonetheless demonstrates the robust ongoing demand for AWS cloud providers.¹⁰
Amazon is the worldwide market share chief, with a market share place of 46%.¹¹
GCP’s market share grew by greater than 40% in 2022 and now stands at over 10%.

For extra info on market share, see Determine 2:

Determine 2. Worldwide market share of cloud infrastructure in 2023.¹²

Compute particular knowledge

In 2022, the worldwide marketplace for Cloud Infrastructure and Platform Providers (CIPS) was valued at $168 billion, marking it as one of the crucial quickly increasing segments within the cloud market with a development price of~30%.¹³

Based on a Gartner survey, 76% of enterprise clients utilizing Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) presently rely on a number of public cloud suppliers.¹⁴

In 2023, there are 20+ distributors available in the market providing cloud GPU providers. Whereas 10+ distributors exist available in the market of cloud A100 service providers, the distributors are comparatively restricted on the subject of cloud H100 and H200 providers.

Additionally, in a 2023 survey amongst technical professionals, 41 p.c reported they have been already using Microsoft Azure Stack’s personal cloud providers. Microsoft Azure Stack ranked first in utilization, adopted by VMware vSphere/vCenter. Moreover, Amazon Internet Providers (AWS) Outposts, together with Google Anthos and VMware vCloud Director, have been recognized as the highest selections for deliberate future utilization.¹⁵

Determine 3. Worldwide Public Cloud Providers Finish-Person Spending Forecast (Tens of millions of U.S. {Dollars}).¹⁶

Cloud computing just isn’t restricted to enterprises. In 2023, a survey discovered that 47 p.c of small and medium-sized enterprise (SMB) respondents have been using AWS CloudFormation templates. AWS CloudFormation is designed to facilitate the fast provisioning of providers or functions, often known as “stacks,” by means of using templates.¹⁷

Database administration

Cloud adoption continues to be necessary with the iPaaS market which, in line with numbers, was rising by ~35% in 2022.¹⁸

By 2027, it’s anticipated that worldwide enterprise spending on Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) can be thrice greater than the expenditure in 2022. This vital improve is anticipated to subsequently drive the next demand for Database Platform as a Service (dbPaaS).¹⁹

It’s forecasted that by 2025, knowledge integration instruments missing the potential for multi-cloud/hybrid knowledge integration through a Platform as a Service (PaaS) mannequin are anticipated to forfeit 50% of their market share to distributors that provide these options.²⁰

July 2023, Synergy Analysis’s July 2023 report supplies one other perspective on the difference. It’s reported that 60% of information middle capability was being offered by hyperscalers and colocation suppliers, surpassing the 40% capability hosted in on-premises amenities.

Determine 4. Information capability developments in 2023.

Trade particular

The container administration market has seen accelerated development of~30% over the previous yr with a market worth of $1.6 billion in 2022.²¹

By 2026, the adoption of CSP-native platforms will propel 75% of container cases to be deployed inside public cloud environments, up from 50% in 2023.²²

Banking is likely one of the industries that tailored cloud-technology vastly. But, the way in which this adaptation occurs is a query to pose. As IDC’s Worldwide Trade Cloud Path to 2022 Survey reveals, banks want a variety of cloud providers and the necessity to function in multi-cloud environments, provided that 83% of banks surveyed use private and non-private cloud platforms.²³

To see trade particular cloud adoption statistics see:

Determine 5. Trade cloud adoption throughout sectors within the U.S. 2023.²⁴

The Healthcare cloud computing market is projected to develop by USD 201.1 billion by 2032, with North America contributing the biggest income share at 51.0%.²⁵

By service

Information warehouse, DBaaS and push notifications are among the cloud providers utilized by companies. See:

Determine 6. Public Cloud Providers utilized by all organizations.²⁶

By area

In 2023, ~45% of enterprises within the European Union acquired cloud computing providers, similar to on-line entry to software program, computing energy, and storage capability. This represents a development of ~4 share factors in comparison with the yr 2021.²⁷

A 2022 PwC survey confirmed that 68 p.c of corporations within the Center East intend to transition the vast majority of their operations to the cloud over the following two years. Additionally, 88 p.c of corporations using cloud providers have reported an increase in income within the final six to 9 months.²⁸

In 2022, the U.S. contributed to 45% of complete world income from cloud providers and is projected to increase over $258 billion on public cloud providers in 2023.²⁹

Excluding China, the Asia-Pacific (APAC) area represents 14% of the worldwide expenditure on cloud providers. By 2024, the overall cloud spending within the APAC area is anticipated to succeed in $200 billion.³⁰

The cloud market in Mainland China skilled a ten% development, reaching a complete of $30.3 billion. ³¹

Challenges

Cloud computing statistics point out a number of challenges as effectively. We listed a few of them beneath.

As of 2023, surveyed technical executives, managers, and practitioners of cloud applied sciences from world wide indicated that the most important challenges of utilizing cloud computing know-how inside their organizations have been associated to managing cloud spend. Round 82 p.c of respondents discovered managing cloud spend to be a major problem.³²

Based on the survey, controlling cloud prices and knowledge privateness and safety challenges are the highest public cloud challenges with 40 and 38 p.c of respondents respectively.³³

Managing knowledge appeared as a giant problem. From 2020 to 2022, managing knowledge in multi cloud environments is anticipated to be essentially the most difficult knowledge administration problem for enterprises, as greater than 60 p.c of respondents reported this to be difficult or extraordinarily difficult. Hybrid-cloud environments are additionally anticipated to be an information administration headache in line with respondents.³⁴

Determine 7. Challenges confronted by respondents in Flexera analysis.³⁵

The complexity issue might clarify why enterprises are hesitant to boost their cloud safety. In a survey involving 750 people accountable for cloud choices, 81% recognized safety as a serious problem, surpassing points like managing cloud bills (79%), governance (75%), and compliance (75%).³⁶