80+ Significant Cloud Computing Statistics and Market Trends

Quick Summary: We will examine numerous data and insights regarding cloud computing in this article, including its adoption, advantages, security, market trends, and more. With data-driven facts and figures supporting your understanding, you will gain a comprehensive understanding of the state of cloud computing today. Get ready to learn how cloud computing will impact business and technology in the future.

Businesses rely heavily on cloud computing trends because it helps them grow, be flexible, and concentrate on running their operations. These trends are also essential for companies as they offer a complete set of benefits whether it’s the utilization for disaster recovery or large-scale data analytics and storage!

90% of businesses are already on the cloud, according to stats by 451 Research. That's intriguing, right? This depicts that the cloud is completely changing how companies work with its trends. Businesses can leverage the latest advancements to enhance their cloud infrastructure, improve security, and deliver seamless user experiences.

Furthermore, companies that integrate these trends and seek help from cloud consulting services witness innovation, scalability, cost-effectiveness, flexibility, and continued industry growth! Let us now take you through the extensive cloud computing statistics.

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Cloud Computing Statistics on Growth and Adoption

• According to stats by GlobeNewswire, the cloud computing market is expected to reach USD 2321.1 Billion by 2032, reaching a registered CAGR of 16% from 2023 to 2032. Various factors leading to its exponential growth are innovations like AL, ML, SaaS, and data security and privacy.
• From 2023 to 2028, cloud services in Europe are projected to expand at a compound annual growth rate (CAGR) of 9%.
• From 2023 to 2028, North America's professional cloud services market is projected to expand at a compound annual growth rate (CAGR) of 15.23%.
• According to research by Gartner analysts, 85% of the firms are expected to embrace a cloud-first strategy by 2025.
• Almost 60% of all corporate data is stored in Cloud.
• 51% of IT spending is expected to switch from traditional IT tools to cloud alternatives by 2025.
• 40% of IT decision-makers find that cloud security knowledge requires the help of suppliers.
• 59% of IT executives investigate moving private customer data to the cloud, and 52% do the same with financial data from businesses.
• 40% of the IT officials also ask for assistance overseeing their cloud assets.

Statistics on Cloud Computing Benefits

Cloud computing has benefits; let us take you through the stats that depict the same. Before proceeding with the stats, note that a few advantages of cloud computing are speed, flexibility, and scalability.

• With gains in corporate resilience (42%), business facilitation (45%), and service standards (43%), over 40% of firms have fully benefited from the deployment of cloud computing.
• According to 39% of companies, using the cloud has enabled them to meet their cost-cutting objectives.
• Implementing cloud computing reduces the average time to market for certain functionalities by 37%.
• When cloud computing is used practically, software development and maintenance efficiency increases by 38%.
• Uptime is reduced by about 57% while using the cloud.
• Sixty percent of organizations claim simplified IT operations and management due to cloud migration.
• To foster innovation, 71% of businesses with notable degrees of cloud maturity swiftly and aggressively implement cutting-edge technologies.
• The potential for cloud innovation to generate an astounding $3 trillion in EBITDA by 2030 is A1.

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Cloud Computing Market Statistics

The increasing digitization of remote work and the rapid advancement of new technologies such as AI, big data, IoT, and machine learning (ML) significantly impact the need for cloud-based platforms. These figures make sense, particularly in light of the rapid market expansion of the new technical trend.

• Eighty percent of the companies set aside more than $1.2 million yearly for cloud costs.
• The annual cost of incorporating cloud technology adoption is over $12 million for nearly 37% of firms.
• It is projected that end-user spending on open-source cloud services has risen by 20.4% globally in 2024 to a total of $675.4 billion.
• The APAC market is projected to expand to $165.2 billion in 2026 from $1.2 billion in 2021, a more than fourfold increase.
• The top 8 cloud infrastructure providers dominate 80% of the market.
• The top three cloud service providers—Google, Microsoft Azure, and Amazon Web Services (AWS)—control 66% of the market for public clouds.
• AWS leads the cloud infrastructure industry with a 34% overall market share, more than twice the combined market share of its two primary competitors, Microsoft Azure and Google Cloud.
• In the first quarter of 2024, Amazon Web Services (AWS) reported total sales of $25 billion with a revenue growth of 17%.
• The market share of Microsoft Azure and Google Cloud is 21% and 11%, respectively.

Open-Source Cloud Statistics

There is a great deal to learn about open-source cloud technology statistics. Together, let's investigate the intriguing statistical insights found in cloud computing.

• Nearly 96% of companies operate on at least one public cloud.
• Half of an organization's workload is maintained on public clouds.
• Firms use 2.2 public clouds on average to run their business.
• 48% of businesses use the public cloud to store their data.
• 68% of businesses favor the public cloud because of its lower cost.

Private Cloud Computing Services Statistics

The idea of private cloud computing is fascinating and has several business advantages. It entails building a cloud architecture exclusive to one company and offering more flexibility, security, and control.

Businesses may easily use cloud technology with private cloud computing while maintaining control over sensitive data and mission-critical apps on-site. Let's examine the stats of private cloud computing, as cloud services statistics.

• Revenue from private clouds is predicted to increase by nearly 30% to $528.36 billion.
• Approximately 84% of companies have used a private cloud at least once for corporate functions.
• Businesses in private cloud infrastructure perform 32% of the organization's workload.
• Of the significant private cloud services in operation or under test, Microsoft Azure Stack typically has the most considerable adoption rate (58%), followed by AWS Outposts (52%) and VMware vSphere/vCenter (54%).
• The telecom sector stands out as one of the most critical users of the private cloud infrastructure, accounting for 64% of the industry usage rate. It's the only sector where cloud computing costs significantly more than public cloud computing.

Hybrid Cloud Statistics

Hybrid cloud computing market share is a quickly expanding trend in the technology industry. Through the integration of private and public cloud systems, it offers the best of both worlds. Organizations may retain the security and control of their private infrastructure while taking advantage of the scalability and affordability of public clouds using hybrid cloud computing. Having the best of both worlds is how it is. Together, let's investigate the realm of hybrid cloud computing and examine its statistics.

• The fact that nearly eight out of ten firms, or 80%, use multiple public clouds illustrates the growing acceptance of multi-cloud adoption.
• 60% of the companies say they employ multiple private clouds showing a strong acceptance of various distant cloud environments.
• A hybrid cloud strategy has been implemented by 56% of companies with yearly revenue of over $500 million, indicating the strategy's popularity among a select group of larger companies.
• A robust hybrid cloud strategy is crucial to fully realizing the promise of digital transformation, according to 70% of IT leaders.
• The hybrid cloud approach provides 2.5 times more economic value than the single cloud platform solution, demonstrating its effectiveness in promoting organizational success.
• Companies find that adopting a hybrid cloud strategy increases their access to more freedom and an agile development environment (42%), speeding up corporate agility and innovation by 40%.

Multi Form of Cloud Computing Statistics

Multi-form cloud computing is one of the better concepts covering several cloud deployments. It describes how several cloud models—public, private, and hybrid —are combined to satisfy the various demands of businesses.

Businesses may quickly take advantage of the adaptability, scalability, and affordability of many cloud environments using multi-form cloud computing. Here are the statistics of multi-form cloud computing.

• Businesses commonly use multi-cloud techniques; statistics show that 98% use or plan to use at least two cloud infrastructure providers.
• 90% of firms have implemented a multi-cloud strategy because of its benefits.
• The creation of multi-cloud operations has been increasingly popular among enterprises due to its advantages in terms of durability (46%), technological change (43%), flexibility (42%), and governance (about 41%).
• Multi-cloud solutions are utilized by almost 60% of IT specialists and organizational executives, and an additional 47% anticipate integrating the same shortly.
• According to one in two IT leaders, companies without a multi-cloud strategy struggle with the business or fail in their approach.
• One of the primary problems influencing over 40% of firms' multi-cloud operations is a shortage of skills.
• Automation is a critical factor in streamlining and optimizing multi-cloud operations; in fact, 89% of businesses consider it extremely important for both these purposes, and 89% of companies believe it is essential for multi-cloud architecture.

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Cloud Computing Storage Statistics

Cloud computing storage is one of the essential elements of the cloud that comes with the cloud. Large volumes of data can be safely stored by organizations on distant PCs, thanks to it. The cloud's excellent flexibility and ease of use have become a popular alternative to traditional on-premises data storage, which requires a lot of space, maintenance, and physical hard drives. Having stated that, let’s have a glance at the astonishing cloud computing storage statistics.

• Almost 14% of the typical IT spend for enterprises goes toward providing public cloud storage services.
• 71% of the American consumers who use the cloud do the same for their business images.
• Roughly thirty-five percent of companies that employ cloud storage store their corporate papers on the cloud.
• 84% of the IT decision-makers expect to keep more data in the public cloud.
• With 66.2% of the customers using the service, Dropbox is ranked at number 2.
• Amazon Drive is ranked fifth among consumers who choose storage, with over 9.72% of them selecting this choice!
• 27% of users utilize the cloud to store passkeys and other private data more than a quarter of the time.

Cloud Data Center Statistics

When it comes to data infrastructure, organizations must remember that its demand has increased due to companies' growing use of cloud computing. Cloud providers are currently constructing more physical data centers. Allow us to go over some statistics regarding the same.

• Research studies predict that by 2030 the world will spend about $49 billion building data centers.
• Hyperscale data centers own 5,000 servers, usually occupying 10,000 square feet.
• With more data centers than Germany, China, Canada, and the United Kingdom combined, the United States dominates the data market.
• There will be a 10% surge in the total demand for data centers in the US annually until 2030.

Cloud Infrastructure Statistics

Different cloud computing services, i.e., Infrastructure as a service (IaaS), Platform as a service (PaaS), and Software as a service (SaaS). Cloud service providers who manage and maintain the underlying infrastructure, such as servers, storage, and networking equipment, provide these. Let us take you through the stats about them.

• Among these three computing models, Infrastructure as a Service has a projected revenue of over $180 billion by 2024, which is expected to be the highest growth among the three.
• Cloud-based IaaS is expected to host IT workloads by almost 82% of the IT decision-makers.
• Almost $317.55 billion will be spent on Software as a service by 2024, having the most significant share of public cloud spending.
• Apps used to upload, create, share, and store data are 138 out of 1.558 organizations used.
• Database as a service (DBaaS) and container as a service are used by 40% of companies, while almost 55% of organizations use warehouse tools.

Cloud Migration Trends

Are you all set to embark on a cloud migration journey together? Let us explore the latest trends and insights into the stats for cloud migration trends.

• 53% of the IT experts quote that the most challenging thing about cloud migration is understanding its app dependencies.
• 82% of the businesses recommended choosing a proper cloud migration provider when executing the plan.
• When selecting a cloud provider, almost 81% of the company leaders aim for easy-to-use and managed cloud solutions.
• When choosing a cloud provider, 80% of company executives look for the best support, compliance, and security, especially when selecting a cloud provider.
• 34% of the companies struggle with training existing staff on cloud services, 34% have regulatory challenges, and 33% have compliance concerns regarding cloud migration.

Cloud Security Trends

Cloud security is an essential aspect of the cloud computing landscape. As more businesses embrace cloud services, ensuring the security of data and applications becomes paramount. Cloud security protects cloud-based resources from unauthorized access, data breaches, and other threats. It encompasses various measures like encryption, access controls, network security, and regular monitoring. With exemplary security practices, businesses can confidently leverage the cloud while safeguarding sensitive information. Let us take you through the cloud security stats.

• 90% of businesses quote that cloud security is one of the most vital determinants of the success of a cloud strategy.
• Almost 65% of business executives claim they cannot manage cloud security risks that may emanate from the service.
• One of the significant internal challenges for cloud security is complexity. Almost 31% of the businesses quote the same.
• 20% of business executives focus on preventing cloud misconfigurations, 16% focus on securing major cloud apps, and the other 16% focus on achieving regulatory compliance as their top security.
• 72% of the businesses have developed access control as their #1 security proficiency and 20% of the companies have applied for anti-virus software as their security protection. Plus, 16% of the organizations have developed advanced threat protection (ATP).

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Cloud Management and Spending Trends

Cloud management and spending trends refer to the money spent on the cloud infrastructure. Let us take you through the stats about the same.

• Compared to what was scheduled initially, 66% of companies reported high cloud usage.
• Companies' public cloud spending usually goes over budget by 13%.
• 66% of the companies claim that idle or underused resources are the primary cause of avoidable cloud spending. In comparison, 59% of organizations say overprovisioning resources is the top reason for cloud spending.
• Managing cloud costs is one of the top priorities for 8 out of 10 companies.

ConclusionThe statistics we’ve discussed highlight the widespread adoption of cloud services, the immense growth of the cloud market, and the numerous benefits organizations are reaping from cloud computing. From increased flexibility and scalability to cost savings and enhanced productivity, the cloud is transforming industries across the globe.So, whether you’re a business owner, an IT professional, or simply curious about technology trends, keeping an eye on statistics about cloud computing can quickly provide valuable insights into the future of digital transformation.And if you need professional help with the same, then you can seek assistance from Radixweb, a leading provider of cloud application development services.Our cloud experts can help you with ultimate cloud computing facts, insights, and data on the performance, usage, and efficiency of your cloud applications to help you optimize your processes and make data-driven decisions.To know more about how it works, talk to our experts and make the most out of cloud computing.