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The cloud computing market is exploding. Brightlio has interesting facts about cloud computing to help you stay updated on the latest trends in the industry. In this article, you’ll find cloud computing facts, including:

• Global cloud computing market statistics
• Cloud adoption by country and by region, including Europe, North America, South America, Asia and the Pacific, and Africa
• Cloud adoption by industry
• Global cloud computing and infrastructure statistics by vendor

Let’s dive in!

Global Cloud Computing and Infrastructure Statistics

1. The term “cloud computing” was coined by George Favaloro of Compaq in 1996. (MIT)
2. 96% of companies use at least one public cloud. (G2)
3. By 2025, the total volume of data globally is expected to hit 200 zettabytes, that’s a trillion gigabytes. ( Cybercrime Magazine)
4. The global computing market is projected to reach a market value of $923 billion at a compound annual growth rate (CAGR) of 15% by the end of 2027, compared to the $368 billion valuation in 2021. (Knowledgehut)
5. Over 60% of all corporate data is in cloud storage. (G2)
6. The top priorities for clients used cloud based services are cloud spending (82%), security concerns (79%), lack of expertise (78%), and cloud migrations (71%). (AAG)
7. The cloud application market is currently worth over $150 billion and is expected to reach a value of $168.6 billion by 2025. (Exploding Topics)
8. Global public cloud revenues are estimated to grow at a CAGR of 21%, amassing a market volume of $525 billion. (Statista)
9. The cloud system infrastructure service market is forecasted to grow by 30% in 2023. (Statista)
10. Software as a Service (SaaS) currently constitutes approximately one-third of overall expenditure on public cloud services. (Exploding Topics)
11. 40% of companies will take a cloud-native strategy in 2023. (Forrester)
12. 85% of organizations will be cloud-first by 2025. (G2)
13. 56% of SMB data resided in public clouds in 2022, with 6% planning to move to cloud computing services in the next 12 months (AAG).
14. The cloud storage market is expected to reach $241.6 billion by 2029, up from $66.95 billion in 2021. (Yahoo! Finance)
15. 80% of customers use hybrid cloud services. (AAG)
16. 89% of companies use multiple clouds. (Exploding Topics)
17. Just 2% of customers use a single private cloud solution. (AAG)
18. Cloud application service (SaaS) is estimated to grow at 17.81%, compared to 16.06% in 2022. (Statista)
19. The top three areas of expenditure for cloud services are SaaS ($195 billion), Infrastructure as a Service ($150 billion), and Platform as a Service ($136 billion). (Exploding Topics)
20. The global IaaS market is expected to grow at 53% and reach values of $234 billion in 2025, compared to $117 billion in 2022. (Cloud Tech)
21. The global PaaS market segment is expected to grow to a valuation of $113 billion in 2023 compared to $83 billion in 2022. It is also likely to reach a valuation of $164 billion by the year 2025. (Cloud Tech)
22. Cloud data centers consume 3% of the world’s energy. (Exploding Topics)
23. The cloud infrastructure services industry generates an annual revenue of $178 billion. (Exploding Topics)
24. Public cloud services accounted for 55% of the 2022 market share. (GM Insights)
25. In 2023, public cloud services spending could reach almost $600 billion. (Gartner)
26. 31% of enterprises spend over $12 million yearly on public cloud services. (Exploding topics)
27. 66% of tech-based small businesses use cloud infrastructure. (Exploding Topics)
28. 74% of enterprise companies use cloud infrastructure services. (Exploding Topics)
29. 44% of traditional small businesses use cloud infrastructure. (Exploding Topics)
30. 63% of Small and Medium enterprises are expected to host their workloads on the cloud. This is a significant increase from 57% in 2022. (AAG)
31. 62% of SMEs are projected to host their data on cloud services in 2023, compared to 56% in 2022. (AAG)
32. Desktop as a service (DaaS) is expected to experience a growth rate of 23.68% in 2023 compared to 26.59% in 2022. (Statista)
33. Cloud management and security services are forecasted to grow at 15.8% compared to 14.7% in 2022. (Statista)
34. Cloud business process services (BPaaS) are expected to grow by 9% in 2023 compared to 8.15% in 2022. (Statista)
35. The cloud security market is expected to grow from $40.8 billion in 2022 to $77.5 billion by 2026, a compound annual growth rate of 13.7%. (MarketsandMarkets)
36. The cloud computing industry is projected to reach a value of $947.3 billion by 2026. ( Spacelift )
37. The cloud gaming market value is expect to grow from $3.24 billion in 2022 to $40.81 billion by 2029, an astounding 43.6% growth rate. (AAG)
38. Hyberscale cloud data center revenue was $170.6 billion in 2023. (Cushman & Wakefield)
39. 84% of businesses rely on the private cloud for some part of their operations. ( Spacelift )
40. The SaaS market was valued at around $250 billion in 2023 and is expected to grow to $299 billion by 2025. (Statista)
41. The PaaS market is forecasted to double in size—growing from $117 billion in 2023 to over $244 billion by 2028, marking a CAGR just shy of 16%. ( Web FX )
42. The public cloud market was valued at $300 billion in 2022 and is projected to soar to $1.7 trillion by 2032. ( Market Research Future )
43. From just $12 billion in 2022, the private cloud market is expected to grow more than threefold, hitting $39 billion by 2028. ( Market Growth Reports )
44. The hybrid cloud market, which stood at $85 billion in 2021, could climb to $262 billion by 2027. ( Statista )
45. Around 71% of IT leaders say their organizations plan to increase cloud spending in the coming years. ( Web FX )
46. Roughly half of all businesses struggle to keep their cloud expenses under control. ( Anodot )
47. Even with growing interest in cloud investments, 42% of CIOs cite cloud waste as their biggest concern. ( Web FX )
48. 93% of companies worry that human error during manual cloud security checks could lead to accidental data exposure. ( Expert Insights )
49. 85% of people identify security as the biggest challenge in cloud computing. ( Expert Insights )
50. Only 20% of businesses have a specialist or team focused solely on cloud security. ( Expert Insights )
51. Data security remains a major concern, with 69% of users fearing potential loss or exposure. ( Expert Insights )
52. The cloud accounts for about 45% of reported data breaches. ( Expert Insights )
53. 45.2% of EU enterprises used cloud computing services in 2023. That’s an increase of 4.2 percentage points from 2021. ( Eurostat )
54. 99% of EU enterprises with 10+ employees have internet access. ( Eurostat )
55. Common uses cases of cloud computing in Europe
    • 82.7% used it for email
    • 68% used it for file storage
    • 66.3% bought office software (e.g., word processors, spreadsheets)
    • 61% used security software via cloud
    • 43% hosted databases on the cloud ( Eurostat )
56. In 2023, cloud computing adoption varied widely across EU countries, with Finland (78.3%), Sweden (71.6%), Denmark (69.5%), and Malta (66.7%) leading the way, while Greece (23.6%), Romania (18.4%), and Bulgaria (17.5%) lagged with the lowest adoption rates. ( Eurostat )
57. For more advanced business needs, 51.6% of enterprises used cloud-based accounting or financial software, 25.9% ran ERP systems on the cloud, 25% relied on cloud-hosted CRM software, 26.1% used cloud platforms for application development, testing, or deployment, and 25.4% purchased high-performance computing platforms to run internal business software. ( Eurostat )
58. In the EU in 2023, cloud adoption was highest in the Information and Communication sector at 79%, followed by the Professional, Scientific, and Technical sector at 62.4%, while other sectors saw adoption rates between 37.6% and 56%; the Real Estate sector recorded the fastest growth since 2021, with an increase of 7.5 percentage points. ( Eurostat )
59. In the developing world, 30% of companies already use cloud services. Among larger organizations, 50% of those with over 2,500 employees and 41% of those with 1,000 to 2,500 employees are actively evaluating or planning their cloud strategies. ( Cloud Zero )
60. More enterprises are shifting toward a multi-cloud or hybrid cloud approach, instead of relying solely on public or private cloud strategies. More on that shortly. ( Cloud Zero )

Cloud Computing Statistics by Region

All cloud computing businesses are built differently due to the unique requirements of companies within those regions. Here, we break down each area, highlighting each market’s special characteristics.

10 Facts About Cloud Computing in North America

1. In 2023, North America’s public cloud market is projected to reach a valuation of $310 billion. The industry is also expected to experience a CAGR of 10.34% between 2023 and 2028. (Statista)
2. In 2023, the Software as a Service (SaaS) market was valued at around $250 billion, and it’s expected to grow to $299 billion by 2025. (Statista)
3. The U.S. public cloud market is expected to generate $466.06 billion in revenue by 2025. (Statista)
4. In H1 2024, the U.S. led the global cloud market with 44% of cloud service revenue, 53% of hyperscale data center capacity, and 47% of cloud data center hardware and software sales. (Future CIO)
5. The US cloud computing market is projected at 6 times larger the next closest country (China). (Statista)
6. Canadian companies allocated 29% of their IT budgets to cloud computing. (Made in CA)
7. 92% of Canadian companies use some form of cloud computing services. (Made in CA)
8. Infrastructure as a service accounts for half of the US cloud computing market. (Statista)
9. Mexico boasts cloud regions from four of the seven largest public cloud providers (Azure, Google, Huawei, and Oracle). (S&P Global)
10. The United States represented 51% of Hypercale cloud data center revenue in 2023. (Cushman & Wakefield)

South America

1. Brazil is the largest public cloud market at $4.9 billion in revenue in 2023. This is expected to grow at an 18.73% rate to $9.73 billion by 2027. (Statista)
2. The Chilean cloud market is expected to grow by 22.5% between 2020 and 2025.
3. Brazil is home to cloud regions from all seven major public cloud providers (AWS, Azure, Google, Huawei, IBM, Oracle, and Tencent). (S&P Global)
4. Chile is home to cloud regions from five major cloud providers (AWS, Azure, Google, Huawei, and Oracle). (S&P Global)

Africa

1. 61% of companies located in Africa increased spending on cloud services in 2022. 90% of these companies reported improved business growth, 66% experienced an increase in organizational innovation after migrating to cloud services, and 56% experienced enhanced business security. (IT Online)
2. Cloud computing is gaining momentum in regions like Sub-Saharan Africa (SSA) and Central and Eastern Europe (CEE), with 40% of organizations in developing areas actively evaluating or planning their cloud strategies, according to Oracle and IDC. ( Cloud Zero )
3. Africa is home to 16% of the world’s population but accounted for 1% of the global public cloud services market in 2022. (qz.com)
4. The public cloud market in South Africa will grow from $3.28 billion in 2023 to $6.87 billion in 2027, with an annual growth rate of 20.3%. (Statista)
5. Africa’s bandwidth capacity doubled between 2017 and 2020. (The Africa Report)

Europe

1. Europe’s cloud computing market is projected to reach a valuation of $114 billion in 2023 compared to $63 billion in 2021. The region’s market share is expected to grow as much as $260 billion in 2027. (Statista)
2. The European market grew 5x between 2017 and 2022. (G2)
3. Between 2023 and 2027, the region’s cloud computing market is projected to experience a CAGR of 13%. (Statista)
4. In 2023, the SaaS market is predicted to become Europe’s largest cloud computing sector, with a monetary volume of $61 billion. (Statista) 
5. The continent’s PaaS market is expected to reach a valuation of $22.14 billion in 2023 and is projected to reach 42.11 billion euros in 2027. (Statista) 
6. In 2023, Europe’s IaaS market is predicted to reach a volume of 23.88 billion Euros and is expected to grow as much as 41.4 billion Euros in 2027. (Statista)
7. Germany ranks third in the global market’s 2023 valuation with a volume of $21 billion. (Cloud Tech)
8. Germany is predicted to experience the most significant increase in the SaaS market revenue, growing to $16.3 billion in 2025. (Statista)
9. Italy’s cloud computing service market is estimated to experience a CAGR of 30% between 2023 and 2032 as a result of the strong presence of multinational corporations. (Statista)

Asia and the Pacific

1. Cloud infrastructure user spending in Asia and the Pacific reached $8.7 billion in the second quarter of 2022, accounting for 14% of the global cloud spending in that year. (Canalys) 
2. The revenue of the public cloud market in Asia is projected to reach $110 billion by 2023 and grow at a 36.4% rate. (Statista)
3. The IaaS sector makes up the bulk of Asia’s cloud service market, with a valuation of $53 billion in 2023. (Statista)
4. By 2026, the PaaS Asian market will reach a valuation of $27 billion, constituting 16% of the region’s cloud computing market. (IDC)
5. The region’s SaaS sector is expected to amass up to $57 billion by 2026, adding over 34% to the Asia-Pacific cloud market. (IDC)
6. China’s cloud service market share is expected to reach a valuation of $54 billion in 2023, compared to $34 billion in 2022. (Cloud Tech)
7. Japan is the fifth largest cloud computing market in the world, and second largest in Asia. (Statista)
8. The Indian cloud service market was valued at $5 billion, with a 26% year-on-year growth in 2022. (SaaS worthy)
9. In 2022, the Indian expenditure on public cloud services was valued at around $7 billion. (SaaS worthy)

2025 Cloud Computing Market Size by Vendor

1. Amazon Web Services (AWS), Microsoft Azure, and Google Cloud held a combined 65% share of the global cloud market in Q2 2022. That share has since grown to 71% of the public cloud market. (G2)
2. Amazon remains the largest cloud provider in the world, taking up 34% of the market share. Azure and Google follow with 21% and 11% share. (G2)
3. 3.2 million companies use AWS. (Enlyft)
4. As of Q1 2023, Microsoft makes over half of its money in the cloud computing market with Azure and M365. (Statista)
5. AWS can be found in 26 regions, with 84 availability zones. (Dgtl Infra)
6. Microsoft Azure, the second largest global player, has a 22% global share of the market. (Dgtl Infra)
7. Microsoft has a commercial presence in 60 regions and 116 international availability zones. (Dgtl Infra)
8. Google cloud takes up 11% of the worldwide cloud computing industry in 2023. (AAG)
9. The Google cloud platform has 34 regional presence and 103 availability zones (Dgtl Infra)
10. Alibaba takes up 6% of the global cloud market. (Dgtl Infra)
11. Alibaba Cloud has a global presence in 27 regions and 84 availability zones (Dgtl Infra)
12. Oracle cloud takes up 2% of the market and has a presence in 38 regions with 46 availability zones. (Dgtl Infra)
13. IBM Cloud can be found in 11 regions with 29 availability zones globally. (Dgtl Infra)

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