116+ Essential Cloud Computing Statistics You Need to Know

• DevOps
• September 23, 2024

by Rushi Patel

Curious about how cloud technology impacts businesses? Our blog on cloud computing statistics covers everything from adoption and usage to growth, migration, and cloud cost management. Dive into data-driven insights shaping the future of cloud technology. Read on to uncover essential cloud computing stats that will guide your cloud strategies.

In today’s fast-paced digital landscape, businesses face a range of challenges – from managing massive data volumes to ensuring scalability and operational efficiency. Cloud computing has emerged as a transformative solution, offering scalable storage, data lakes, advanced analytics, load balancing, and more. These cloud-based innovations empower businesses to overcome these obstacles, streamline operations, and maintain a competitive edge in their industries.

Post-COVID-19, many businesses have embraced cloud technology to support remote work, and it has now become integral to their hybrid work models and more than just that. What was once seen primarily as a tool for data storage has evolved into a crucial component for big data analytics, artificial intelligence, the Internet of Things (IoT), and beyond.

With cloud computing expanding its role, it’s vital to understand the management strategies, and cost optimization needs, and pick the right cloud service providers for your business.

In this blog, we dive into the latest cloud computing statistics to reveal how this transformative technology is addressing industry challenges, driving growth, and enhancing digital agility.

Discover important cloud computing stats essential for making informed decisions and unlocking the full potential of the cloud for your business.

Cloud Computing Growth Statistics

1. The global cloud computing market size is expected to grow to $2.2916 trillion by 2032 at a CAGR of 16.5% for the forecasting period of 2024-2032.
2. 41.4% of global tech and business leaders have plans to increase their investment in cloud services.
3. Around 20% of enterprise software spend is likely to be done on SaaS solutions.
4. The average spending per employee in the Platform as a Service (PaaS) market is expected to reach approximately $48.25.
5. The global cloud infrastructure services market size can grow to $396.01 billion by 2032.
6. A significant 35% of IT decision-makers highlight data privacy and security as a major challenge in their cloud operations.
7. Nearly 34% of IT leaders are struggling with a critical shortage of cloud security skills within their teams.
8. One in four IT decision-makers (25%) face difficulties in securing their cloud resources effectively.
9. More than 94% of organizations with over 1,000 employees have a substantial portion of their workloads operating in the cloud.
10. Around 45% of businesses invest in the cloud to manage their big data processing and workloads.
11. 65% of companies are planning to create AI applications with the help of cloud-based development services.
12. As per one survey, 91% of respondents agree that public cloud platforms play a key role in disaster recovery strategies.

Statistics On Types of Cloud Computing Services: SaaS, PaaS, IaaS, and Serverless

At the time of adopting cloud services, it’s important to explore the different market segments, including IaaS (Infrastructure as a Service), SaaS (Software as a Service), PaaS (Platform as a Service), and Serverless.

When used together, these models provide complete remote accessibility for building apps, storing data, and accessing software services. Let’s have a look at stats around its different types of cloud computing:

13.  Spending on cloud infrastructure to the global level can reach up to $1.35 trillion by 2027

This growth is projected at a compound annual growth rate (CAGR) of 19.9% for the forecast period from 2023 to 2027. Additionally, industries such as software and information services can expect spending to grow at 24%, while capital markets are forecasted to grow at 21.9%, and telecommunications at 21.8% of CAGR.

Countries and regions such as Canada, the Asia-Pacific, and Central and Eastern Europe have reported a significant rise in demand for cloud infrastructure services.

14.  The global SaaS Public Cloud Services captured the market share by nearly 62% with revenue calculated around $412.5 billion in 2023.

In 2023, within the public cloud services segment, SaaS dominated the market, capturing nearly 45% of the share through applications, generating $298.5 billion in revenue, and 17% in the form of System Infrastructure Software, bringing in $144 billion.

This is followed by the IaaS segment, which holds 19.9% of the market share with $133.4 billion in revenue, and the PaaS segment, with an 18.4% market share and $123.3 billion in revenue.

Do check the table provided below for your better reference:

15.  Over 75% of cloud professionals reported running their applications using ‘As-A-Service’ offerings provided by AWS (Amazon Web Services).

The cloud-based ‘as-a-service’ market is garnering significant attention from cloud experts and tech-dependent businesses. Companies providing ‘as-a-service’ solutions offer cloud capabilities to businesses of all sizes, eliminating the need for them to purchase and manage their own hardware and software.

16.  Global end-user spending in the Software as a Service (SaaS) segment is projected to reach nearly $300 billion by 2025.

From the start, the SaaS segment has demonstrated strong potential in cloud services, offering portability and seamless connectivity. Businesses worldwide are making significant investments in SaaS to support various functions and solutions, such as CRM, ERP, and web hosting with eCommerce platforms.

17.  More than 70% of AWS customers, 60% of Google Cloud customers, and 49% of Azure customers are utilizing serverless solutions.

In the past year, serverless architecture adoption increased by 6% for organizations using Azure and 7% for those on Google Cloud, while AWS experienced a 3% growth in serverless usage.

18.  Frontend development is becoming the most prominent use case among emerging serverless platforms. (Datadog)

Today, not just popular cloud providers like AWS, Google Cloud, and Azure, but content delivery networks (CDN) like Vercel, Netlify, Cloudflare, and Fastly are also offering developers serverless compute capabilities along with their core offerings.

7% of organizations with serverless workloads amongst major clouds are found running their workloads in any of the following CDNs. While 62% use frontend development platforms like Vercel or Netlify, 39% use edge compute offerings from Cloudflare and Fastly.

Found serverless architecture interesting? Don’t forget to read more on how you can leverage Serverless Architecture for cloud-based application development.

Statistics On Types of Cloud Deployment Models: Private, Public, Hybrid, and Multi-cloud

Cloud deployment models have evolved to meet the varying needs of businesses, ranging from fully dedicated environments to shared infrastructure and combinations of both.

Understanding the statistics behind private, public, hybrid, and multi-cloud models offers insights into how organizations are leveraging the cloud to optimize costs, improve security, and enhance flexibility.

Private Cloud Statistics

19. Approximately 84% of companies are utilizing private cloud as part of their IT infrastructure.
20. Revenue from private cloud is projected to reach nearly $685.23 billion by 2030, growing at a compound annual growth rate (CAGR) of 29.7% from 2024 to 2030.
21. Currently, 63% of workloads from small and medium-sized businesses (SMBs) are hosted in the private cloud.
22. Organizations report various benefits from using private clouds: 68% cite improved security and compliance, 59% note increased performance and reliability, and 52% appreciate better control over resources.
23. 45% of organizations encounter challenges related to the complexity of implementation, 40% struggle with a lack of internal skills and expertise, and 37% face high upfront costs when adopting private cloud solutions.
24. In terms of utilization, the telecommunications industry leads with 64% of its infrastructure being powered by private cloud solutions.

Public Cloud Statistics

25. The revenue of the global public cloud market is projected to reach up to $2.2 trillion by 2031, with a compound annual growth rate (CAGR) of 17.41% during the forecast period from 2024 to 2031.
26. Approximately 96% of companies globally are utilizing the public cloud.
27. On average, companies run more than 50% of their workloads in the public cloud.
28. 48% of businesses use public cloud platforms to store critical corporate data.
29. Over 66% of applications and 62% of websites are hosted on public cloud platforms.
30. According to an O’Reilly survey, about 67% of respondents have reported using a public cloud.
31. When checking how businesses are spending on public cloud services – over $326 billion of spending is done to enable efficient banking, software and information services, and telecommunications services.
32. A Flexera report reveals that approximately 31% of enterprises spend over $12 million annually on public cloud services.
33. Top providers like AWS, Google Cloud, and Azure collectively control 66% of the public cloud services market.
34. Among these, AWS holds a substantial 31% of share in the public cloud services market as of Q12024.
35. Containers and container orchestration platforms, such as Docker and Kubernetes, are predominantly used in public cloud environments. Currently, 83% of businesses use containers and 77% use container orchestration.
36. 68% of businesses surveyed cite lower costs as a reason for using public cloud services.
37. Organizations migrating to the public cloud can achieve cost savings of 15-50% in the long term.

Hybrid Cloud Statistics

38. The market share of hybrid cloud is projected to reach $262 billion by 2027, with the Asia-Pacific region contributing the largest share.
39. As of 2024, around 73% of enterprises have deployed a hybrid cloud strategy in place
40. According to a Flexera report, approximately 4 in 5 enterprises are utilizing hybrid cloud models.
41. Around 56% of companies with revenues exceeding $500 million have adopted hybrid cloud approaches.
42. 70% of IT leaders believe that having a hybrid cloud strategy is crucial for achieving successful digital transformation.
43. Organizations find that a hybrid cloud approach is 2.5 times more effective than relying on a single cloud platform.
44. Companies employing a hybrid cloud strategy report increased freedom, a 42% boost in agile development environments, and a 40% increase in corporate agility and innovation speed.
45. 94% of enterprises use a hybrid cloud strategy to enhance organizational security.
46. 77% of organizations believe they can deliver applications faster due to their hybrid cloud strategy.
47. 65% of organizations use hybrid cloud for better data backup and recovery, 48% for big data processing and analytics, and 45% for application development and testing.
48. During the implementation of hybrid cloud, 62% of companies encounter security and compliance concerns, 47% lack cloud expertise, and 47% face difficulties in integrating cloud and on-premises systems.

Multi-cloud Statistics

49. The market size of multi-cloud architecture is projected to reach $50.04 billion by 2030, growing at a compound annual growth rate (CAGR) of 28.6%.
50. According to Oracle, 98% of enterprises with existing public cloud infrastructure have adopted a multi-cloud strategy to reduce costs and improve data control.
51. 90% of businesses are motivated to adopt multi-cloud platforms to leverage their benefits.
52. Among the benefits of multi-cloud, 46% highlight its durability, 43% appreciate its adaptability to technological changes, 42% value its flexibility, and 41% recognize its improved governance.
53. Companies pursue multi-cloud operations for reasons including reliability (46%), digital transformation (43%), scalability (42%), and enhanced security and governance (41%).
54. According to HashiCorp, 53% of businesses credit their multi-cloud strategy with helping them achieve their goals.
55. 47% of organizations plan to implement multi-cloud solutions in their infrastructure in the near future.
56. 89% of organizations view automation as essential for streamlining and optimizing multi-cloud operations.
57. 51% of companies are encountering challenges with multi-cloud adoption, including 47% facing security issues, 41% dealing with skills shortages, 35% struggling with complexity, and 33% experiencing compliance issues.

Still in a dilemma to choose the right cloud strategy between the debate of hybrid Vs. multi-cloud? Read our linked blog for a better understanding.

Statistics On Top Cloud Computing Service Providers: AWS, Google Cloud, and Azure

When choosing a cloud services provider, three names typically come to mind first: Amazon Web Services (AWS), Google Cloud, and Azure. And for good reason – these industry leaders offer an impressive 9s uptime, ensuring reliability and performance. Now, let’s explore some key cloud computing stats that showcase the potential and real-world use cases associated with these three cloud giants:

If we see comprehensive revenue generated by cloud market leaders, it’s a total of more than $65 billion in sales for just Q2 2024.

AWS Cloud Statistics

58. AWS reported $26.3 billion in revenue in Q2 2024, setting an annual run rate at an impressive $105.2 billion.
59. As of 2024, AWS holds an estimated market share of over 30%, solidifying its position as the leading cloud service provider globally.
60. Amazon S3 is designed to deliver 11 9s (99.999999999%) durability, capable of scaling to manage trillions of objects worldwide.
61. AWS boasts over 1 million active users across 190 countries.
62. AWS powers Netflix, the world’s leading on-demand video streaming service, accounting for up to one-third of peak internet traffic.
63. Compared to Microsoft, Google, Rackspace, and IBM, 41.5% of businesses looking to adopt public cloud services choose AWS.
64. In the IaaS market segment, AWS ranks as the #1 player in this highly competitive cloud landscape.

Google Cloud Statistics

65. In 2023, Google Cloud generated $33.08 billion in revenue, accounting for over 10% of Google’s total earnings.
66. As of Q1 2024, Google Cloud holds 10% of the global cloud market share.
67. Google Cloud guarantees 99.9% availability SLA for standard-tier internet data transfer, 99.99% availability SLA for premium-tier internet data and compute engine across multiple zones, and 99.95% for pub/sub zonal topics.
68. By 2024, approximately 487,376 companies globally are using Google Cloud Platform (GCP) as their PaaS tool.
69. Nearly 60% of Fortune 500 companies utilize GCP services for at least one part of their cloud ecosystem.

Microsoft Azure Cloud Statistics

70. According to a 2024 Statista survey, Microsoft’s market value reached $3.12 trillion, with global revenue of $212 billion.
71. As of Q1 2024, Azure cloud infrastructure services hold 25% of the global cloud market.
72. Azure saw a 29% growth in Q1 2024.
73. Approximately 45% of organizations worldwide are running their workloads on Azure.
74. Over 34% of Azure container instances are used for orchestration.
75. About 27% of FinOps professionals choose Azure as their trusted cloud service provider.

Cloud Adoption Statistics: How Many Companies Are Using and Planning to Use Cloud?

Nowadays, cloud plays a significant role in meeting the evolving demands of tech-savvy customers. From operating smart TVs to playing games on any device, the cloud has become an inseparable part of our lives. Let’s explore some key cloud computing stats around its adoption:

76.  41.4% of IT leaders are preparing themselves amidst the current economic climate change by adopting the cloud.

Economic standards are shifting, and amidst these changes, it is essential for companies to take a broader view and develop strategies to avoid financial troubles.

In this Google survey, 41.4% of respondents expressed interest in increasing investment in cloud-based services and products. Additionally, 33.4% have shown their readiness to modernize their legacy systems by migrating enterprise software to a cloud environment, while 32.8% plan to take a larger step by migrating their entire on-premises workloads to the cloud.

77.  Nearly 94% of organizations with a staff of 1000+ employees are running cloud-based workloads.

A survey of 800 enterprise-level firms revealed that 94% have adopted the cloud to handle a significant portion of their workloads.

• Additionally, 46% of enterprises use the public cloud for executing their workloads.
• 96% of companies, regardless of size, have adopted at least one public cloud to manage internal collaboration and run workloads.
• Moreover, 84% of companies have adopted at least one private cloud to ensure data and process integrity.

78.  In the world, the U.S. leads the competition with its 30% of IT spending in cloud services.

In 2022, the U.S. covered only 14% of its IT spends in cloud services, still managed to top amongst other countries. Not just in 2024 or 2022, it has been the leader in cloud adoption and has set the pace around the world since 2015, says Gartner report.

Cloud Usage Statistics: How Companies Are Using Cloud?

Cloud computing has transformed how organizations manage their data, applications, and IT infrastructure. Here, we delve into key cloud statistics that highlight the diverse ways companies are integrating cloud solutions to drive efficiency, innovation, and scalability.

79.  Nearly 94% of companies are utilizing cloud computing for operations and data storage.

Many US companies are only using cloud computing to power up their operations. If seen from the global perspective, 94% of major companies are leveraging for operations, data storage, and many other requirements. In 2023, around 60% of corporate data was stored in the cloud because of its offering for security and reliability.

80.  Nearly 61.33% of businesses are utilizing cloud hosting and infrastructure services, including AWS, EC2, and Azure VMs.

This survey was conducted with 2,400 IT decision-makers across 48 countries, representing business types such as traditional SMBs, tech-focused SMBs, and enterprises.

1. Around 74% of enterprises voted in favor of cloud adoption.
2. 66% of tech-focused SMBs reported using cloud services.
3. 44% of traditional SMBs shared the same sentiment.

Not only that, different types of businesses have also reported using cloud services for various purposes:

• 74% of enterprises, 63% of tech-focused SMBs, and 55% of traditional SMBs are using PaaS solutions like Heroku, Google App Engine, and Azure App Services.
• On average, 44.66% of businesses are using cloud-based databases such as MongoDB, AWS RDS, Atlas, and SQL.
• Nearly 35.33% of businesses are utilizing cloud-based storage products like AWS S3 and Digital Ocean Spaces.
• Additionally, 20.33% of businesses reported using cloud-based containerization systems like Kubernetes and Docker.

81.  On average, enterprises are using 1,295 cloud services.

Some of the popular cloud computing services include servers, storage, databases, networking, software, analytics, and intelligence.

Cloud Spending Statistics: How Companies Are Spending In Cloud?

In order to avail themselves of maximum benefits of cloud computing, businesses also need to spend to a certain extent. Let’s take a look at cloud statistics to see how businesses are spending.

82.  Global spending on public cloud platforms is expected to rise by 20.7%.

Recent spend on public cloud platforms is estimated around $675 billion, covering segments such as business processes, platforms, infrastructure, software, management, security, and advertising services.

83.  Top 3 cloud providers dominate 66% of market spending in Q1 2024.

In Q1 2024, AWS led the market with a 31% share, followed by Azure at 25% and Google Cloud at 10%. Additionally, year-over-year (YoY) growth rates showed AWS at 17%, Azure at 31%, and Google Cloud at 28%.

84.  On average, 80% of businesses allocate more than $1.2 million of funds annually to spend on cloud services.

This significant investment reflects the growing reliance on cloud technologies to drive innovation, improve operational efficiency, and scale rapidly. Companies are increasingly migrating their infrastructure, applications, and data to cloud platforms to enhance flexibility and reduce overhead costs associated with traditional IT setups.

85.  37% of enterprises spend over $12 million annually on cloud computing services.

Enterprises are increasingly allocating substantial budgets to harness the flexibility, scalability, and advanced features offered by cloud platforms. It indicates a shift towards comprehensive cloud strategies, where organizations are not just adopting cloud services but are deeply integrating them into their core processes to drive innovation and efficiency.

Cloud Computing Statistics: AI and IoT

As cloud computing continues to evolve, its integration with emerging technologies is reshaping industries and driving innovation. The adoption of cloud services in areas such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) is transforming how businesses operate and make data-driven decisions.

Below statistics highlight the growing synergy between cloud computing and these cutting-edge technologies:

AI Adoption in the Cloud

86. The cloud AI market is expected to reach $647.60 billion by 2030, growing at a compound annual growth rate (CAGR) of 39.6%.
87. 53% of organizations are most likely to adopt AI/ML in the cloud, making it the top cloud capability for near-term adoption.
88. By 2027, 70% of large companies will utilize cloud platforms to accelerate business initiatives, driven by the adoption of generative AI – a 55% increase compared to 2023.
89. 69% of cloud environments have hosted AI SDKs and tools.
90. 70% of companies agree that their most advanced AI capabilities are achieved through cloud-based software.
91. 65% of companies are leveraging cloud services to develop AI applications.

IoT Cloud Statistics

92. The global IoT cloud platform market is projected to reach $51.3 billion by 2030, with a compound annual growth rate (CAGR) of 14.6%.
93. According to an IDC report, by 2025, IoT devices are expected to generate 73.1 zettabytes (ZB) of data, highlighting the increasing potential for investment in cloud services.

Statistics About Cloud Computing Applications: Apps & Games

Cloud computing is revolutionizing the way applications and games are developed, deployed, and managed. This transformation is driven by the scalability, flexibility, and cost-effectiveness offered by cloud platforms. Here’s a look at some key statistics highlighting how cloud computing is shaping the future of apps and games:

Cloud Apps Statistics

94. There are over 30,800 SaaS companies serving millions of customers.
95. Over 80% of companies use at least one SaaS application to manage their workloads.
96. On average, around 70% of SaaS applications are actively used within companies.
97. Workers are commonly found interacting with approximately 36 cloud-based services daily.
98. More than 50% of new applications are developed to be cloud-native.
99. Global spending on cloud-native applications is projected to reach $30.24 billion by 2030.

This much spending on cloud-native applications may make many think, “Is a cloud-native app the future of software development?” Our linked blog has all the answers you need to have around such questions.

Cloud Gaming Statistics

100. Revenue for the cloud gaming segment is expected to reach $25.30 billion by 2029, with a compound annual growth rate (CAGR) of 29.64%.
101. The number of cloud gamers is projected to reach 501.1 million by 2029.
102. The penetration rate for cloud gaming is anticipated to increase to 6.2% by 2029, up from an estimated 5.1% in 2024.
103. Cloud gaming market can also achieve revenue of $17.46 per user on average.
104. The U.S. is poised to lead the cloud gaming market with the highest revenue, projected at $1,938 million.

Cloud Migration Statistics

Cloud migration is becoming a critical strategy for businesses seeking to enhance their operational efficiency and scalability. This is the case, specifically when cloud migration strategy is offering compulsive benefits to businesses in terms of saving up in finances. Let’s take a look at some of the cloud migration statistics that may help you with your decision related to this:

105. 57% of companies are considering migrating to the cloud as their top priority.

Along with this, 53% of IT professionals also raise their concerns about understanding app dependencies to execute this migration. However, this can be done with the help of experts offering cutting-edge cloud computing services.

106. 82% of companies prefer to seek support from cloud migration service providers to ensure a successful transition.

It is important because providers bring specialized knowledge and experience to handle complex migration tasks, reducing the risk of errors. They streamline the migration process, minimizing downtime and ensuring a smoother transition. Additionally, they offer ongoing support to address any issues that arise during and after the migration, ensuring continued operational stability.

• 80% of IT executives assess the capabilities of their ideal cloud provider, considering their approach to ensuring the best security, compliance, and support.
• 77% of IT leaders prefer to hire cloud experts with an understanding of their industry to ensure a smooth transition.
• 54% also consider price when selecting a cloud vendor.

107. Constant support is needed in the post-cloud migration scenario.

• 41% face app optimization challenges post-cloud migration.
• 38% experience application performance issues after migrating legacy workloads to the cloud.

108. 60% of businesses find it easier to manage their IT operations after migrating to the cloud.

By moving workloads to the cloud, businesses can leverage cloud management tools to automate tasks, monitor performance more efficiently, and scale resources as needed, leading to improved efficiency and reduced operational costs. With the right cloud management strategy in place, companies can also enhance data security and ensure compliance with industry regulations, making cloud migration a crucial step toward modernization.

Statistics About Energy Saving and Eco-friendly Efforts with Cloud Computing

Cloud computing is not only transforming business operations but also driving significant advancements in energy efficiency and environmental sustainability. By consolidating data and applications in centralized cloud data centers, companies can reduce their carbon footprint and lower down energy consumption compared to traditional on-premises infrastructure.

Here are some key statistics and insights into how cloud computing supports these eco-friendly efforts:

109. Cloud providers like Microsoft Azure are actively working to reduce carbon footprints by up to 98%.
110. Migrating to the cloud ecosystem can help reduce carbon emissions by 84%.
111. By moving workloads to IaaS platforms, businesses can take steps toward eco-friendliness, reducing energy consumption by up to 64%.

Cloud Computing & Cost Management Statistics

Adopting the cloud also requires implementing effective management practices and tools to ensure it is utilized to its full potential while staying within the allocated budget. Take a look at cloud management statistics for a better understanding:

112. Of all multi-cloud adopters, only 42% use multi-cloud cost management tools, and 33% use governance tools to achieve better results.
113. 80% of companies (8 out of 10) prioritize cloud cost management as their top concern.

Cloud Security Statistics

With cloud easing most of the operations and accessibility to data and services, there comes a great responsibility to keep its facilities secured from cyber attacks. Let’s have a glance at cloud security statistics:

114. Cloud encounters for nearly 45% of breaches.

Last year, 80% of companies experienced at least one cloud security incident. Additionally, 27% of organizations reported security issues on their public cloud platforms, representing a 10% increase compared to the previous year.

115. 72% of organizations are shifting to cloud-based services for primary operations.

A significant majority of organizations are adopting cloud technology as a core part of their business operations. This shift involves moving key functions, such as data storage, applications, and processes, from traditional on-premises systems to cloud platforms.

This transition is often driven by the desire for greater flexibility, scalability, cost efficiency, and access to advanced technologies that cloud services offer.

116. 69% of cloud users cite data loss or leakage as their biggest cloud security concern.

This issue often arises during the transition of data to the cloud without a proper strategy and precautions in execution. Additionally, 66% of users cite data privacy and confidentiality, while 44% are concerned about the accidental exposure of credentials as other significant cloud security concerns.

What’s Next?

The cloud computing landscape continues to evolve rapidly. As highlighted in our discussion, the global cloud market is set to reach staggering figures, with the cloud AI sector alone projected to hit $647.60 billion by 2030.

In conclusion, cloud computing is not just a technological shift but a fundamental change in how businesses operate and innovate. By embracing the latest cloud trends and addressing key challenges, organizations can unlock new levels of efficiency, agility, and growth.

If you’re contemplating the future of cloud computing, rest assured that it is promising. Those who take a proactive cloud approach will be well-positioned to thrive in this dynamic environment.