40+ Cloud Computing Stats From Respected Sources in 2024

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There may be a whole lot of discuss in regards to the cloud, even on a day-to-day stage, and computing is a type of areas. Cloud computing is a really broad subject and could 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 instantly associated to the way forward for corporations (not experiencing vendor-lock-in, choosing the proper companies in the suitable areas). 

On this article, we give you information 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

  1. General, the worldwide income within the public cloud sector is projected to rise from 2023 to 2028, with an general development of ~470 billion U.S. {dollars}, marking a rise of ~80 %. 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 
  2. International cloud computing market continues to develop and is anticipated to achieve an estimated ~680 billion U.S. {dollars} in 2024. This includes enterprise processes, platform, infrastructure, software program, administration, safety, and promoting companies delivered by public cloud companies.2 
  3. In 2023, the market worth of public cloud companies 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 by way of desktop and cellular functions, in addition to by means of internet interfaces.3 
  4. The Infrastructure as a Service (IaaS) phase inside the cloud system is predicted to develop by ~30 % in 2024 relative to 2022. General, the general public cloud companies market is anticipated to see a 20 % development price, except for cloud enterprise course of companies (BPaaS), that are anticipated to witness single-digit annual development charges.4 
  5. 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 prospects by service suppliers.5  
  6. The worldwide market dimension for The whole lot as a Service (XaaS) is projected to realize ~$1600 billion by 2028, experiencing a compound annual development price (CAGR) of ~20 throughout the forecast interval.6  
  7. In 2023, the worldwide marketplace for Something-as-a-Service (XaaS) stood at US$ ~280 Billion. IMARC Group tasks this market to develop to ~US$ 1,100 Billion by 2032, rising at a Compound Annual Progress Price (CAGR) of ~15% from 2024 to 2032.7   
Cloud data provider

Determine 1. Survey with companies on cloud infrastructure.8 

Vendor particular information

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

  1. Amazon Internet Providers (AWS), the cloud computing division of Amazon, generated greater than $80 billion in income for Amazon’s general 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 companies.10 
  2. Amazon is the worldwide market share chief, with a market share place of 46%.11
  3. 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:

aws1 1

Determine 2. Worldwide market share of cloud infrastructure in 2023.12 

Compute particular information

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

In accordance with a Gartner survey, 76% of enterprise prospects utilizing Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) at the moment depend upon a number of public cloud suppliers.14 

In 2023, there are 20+ distributors out there providing cloud GPU companies. Whereas 10+ distributors exist out there of cloud A100 service suppliers, the distributors are comparatively restricted with regards to cloud H100 and H200 suppliers.

Additionally, in a 2023 survey amongst technical professionals, 41 % reported they have been already using Microsoft Azure Stack’s personal cloud companies. 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 decisions for deliberate future utilization.15

spending forecast

Determine 3. Worldwide Public Cloud Providers Finish-Consumer Spending Forecast (Hundreds of thousands of U.S. {Dollars}).16 

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

Database administration 

Cloud adoption continues to be essential with the iPaaS market which, in keeping 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 3 times larger than the expenditure in 2022. This vital enhance is anticipated to subsequently drive the next demand for Database Platform as a Service (dbPaaS).19 

It’s forecasted that by 2025, information integration instruments missing the potential for multi-cloud/hybrid information integration by way of 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 variation. 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.

datacenter capacity trends

Determine 4. Knowledge capability traits in 2023. 

Business 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 situations to be deployed inside public cloud environments, up from 50% in 2023.22 

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

To see business particular cloud adoption statistics see:

cloud adaptation

Determine 5. Business 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 most important income share at 51.0%.25  

By service

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

public cloud

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

By area 

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

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

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

Excluding China, the Asia-Pacific (APAC) area represents 14% of the worldwide expenditure on cloud companies. By 2024, the entire cloud spending within the APAC area is anticipated to achieve $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 nicely. We listed a few of them beneath. 

As of 2023, surveyed technical executives, managers, and practitioners of cloud applied sciences from around the globe indicated that the largest challenges of utilizing cloud computing know-how inside their organizations have been associated to managing cloud spend. Round 82 % of respondents discovered managing cloud spend to be a big problem.32   

In accordance with the survey, controlling cloud prices and information privateness and safety challenges are the highest public cloud challenges with 40 and 38 % of respondents respectively.33 

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

cloud challenges

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

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

Additional studying

For extra info on cloud know-how, examine:

  1. International: public cloud market income 2019-2028 | StatistaStatista. Retrieved on January 2, 2024. 
  2. Public cloud computing market dimension 2024 | StatistaStatista. Retrieved on January 2, 2024. 
  3. Public cloud computing market dimension 2024 | StatistaStatista. Retrieved on January 2, 2024.
  4. Public cloud companies development 2022-2024 | StatistaStatista. Retrieved on January 2, 2024.
  5. Public cloud companies development 2022-2024 | Statista” Statista. Retrieved on January 2, 2024.
  6. The International The whole lot as a Service (XaaS) Market dimension is anticipated to achieve $1610.5 billion by 2028, rising at a market development of 19.2% CAGR throughout the forecast interval. Retrieved on January 2, 2024.
  7. Something-as-a-Service (XaaS) Market Measurement | Report 2032 Retrieved on January 2, 2024.
  8. Multi-cloud Software Deployment and Supply Resolution Making 1 Retrieved on January 2, 2024.
  9. IDC MarketScape: Worldwide Cloud and Purposes-Centric Marketplaces 2023 Vendor Evaluation Retrieved on January 2, 2024.
  10. Gartner | Vendor Ranking: Amazon  Retrieved on January 2, 2024.
  11. Gartner | Vendor Ranking: Amazon Retrieved on January 2, 2024.
  12. Chart: Amazon Maintains Lead within the Cloud Market | Statista Retrieved on January 2, 2024.
  13. Magic Quadrant for Strategic Cloud Platform Providers Retrieved on January 2, 2024.
  14. Magic Quadrant for Strategic Cloud Platform Providers Retrieved on January 2, 2024.
  15. Personal cloud adoption by know-how 2023 | Statista Retrieved on January 2, 2024.
  16. Gartner Forecasts Worldwide Public Cloud Finish-Consumer Spending to Attain Almost $600 Billion in 2023 Retrieved on January 2, 2024.
  17. Cloud configuration instruments utilization SMB 2023 | Statista Retrieved on January 2, 2024.
  18. Magic Quadrant for Knowledge Integration Instruments Retrieved on January 2, 2024.
  19. Magic Quadrant for Cloud Database Administration Programs Retrieved on January 2, 2024.
  20. Magic Quadrant for Knowledge Integration Instruments Retrieved on January 2, 2024.
  21. Magic Quadrant for Container Administration Retrieved on January 2, 2024.
  22. Magic Quadrant for Container Administration Retrieved on January 2, 2024.
  23. IDC Perspective: Banking on the Cloud: Outcomes from the 2022 CloudPath Survey Retrieved on January 2, 2024.
  24. Business cloud adoption throughout sectors within the U.S. 2023 | Statista Retrieved on January 2, 2024.
  25. Healthcare Cloud Computing Market dimension to extend by USD 201.1 Bn by 2032; North America accounted highest income share of 51.0% Retrieved on January 2, 2024.
  26. Flexera 2023 State of the Cloud | Report Retrieved on January 2, 2024.
  27. 45% EU enterprises purchased cloud companies in 2023 – Merchandise Eurostat Information Retrieved on January 2, 2024.
  28. Cloud computing within the Center East Retrieved on January 2, 2024.
  29. 160+ Fascinating Cloud Computing Statistics for 2023 Retrieved on January 2, 2024.
  30. The Way forward for Cloud in Asia Pacific Retrieved on January 2, 2024.
  31. Canalys Newsroom – China cloud service spending to develop by 12% in 2023 Retrieved on January 2, 2024.
  32. Enterprise cloud computing challenges 2023 | Statista Retrieved on January 2, 2024.
  33. What have been the largest challenges or obstacles to your group’s means to take full benefit of public cloud sources? Retrieved on January 2, 2024.
  34. Cloud information administration challenges 2022 | Statista Retrieved on January 2, 2024.
  35. Flexera 2023 State of the Cloud | Report Retrieved on January 2, 2024.
  36. STATE OF THE CLOUD REPORT Retrieved on January 2, 2024.