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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. Total data stored in the cloud is projected to reach 100 Zettabytes by 2025 accounting for 50% of the world’s data. (Cybercrime Magazine)
3. 96% of companies use at least one public cloud. (G2)
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. 200 Zettabytes of data will be stored in the cloud by the end of 2025. (Exploding Topics)
27. 60% of the world’s corporate data is stored in the cloud. (Exploding Topics)
28. 31% of enterprises spend over $12 million yearly on public cloud services. (Exploding topics)
29. 66% of tech-based small businesses use cloud infrastructure. (Exploding Topics)
30. 74% of enterprise companies use cloud infrastructure services. (Exploding Topics)
31. 44% of traditional small businesses use cloud infrastructure. (Exploding Topics)
32. 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)
33. 62% of SMEs are projected to host their data on cloud services in 2023, compared to 56% in 2022. (AAG)
34. Desktop as a service (DaaS) is expected to experience a growth rate of 23.68% in 2023 compared to 26.59% in 2022. (Statista)
35. Cloud management and security services are forecasted to grow at 15.8% compared to 14.7% in 2022. (Statista)
36. Cloud business process services (BPaaS) are expected to grow by 9% in 2023 compared to 8.15% in 2022. (Statista)
37. 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)
38. 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)
39. Hyberscale cloud data center revenue was $170.6 billion in 2023. (Cushman & Wakefield)

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. SaaS is the region’s largest market segment, with a projected market value of $143 billion by the end of 2023. (Statista)
3. The United States is expected to generate the most revenue in 2023, with an estimated market volume of $291.7 billion. (Statista)
4. The US accounted for 45% of all cloud service revenues in 2022. (G2)
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. 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)
3. 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)
4. 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)

2023 Cloud Computing Market Size by Vendor

1. The top three cloud providers, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud account for 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)

How Can Brightlio Help With Cloud Services?

At Brightlio, we offer public cloud solutions customized to meet your needs and budget. Whether you’re in need of cloud migrations, architectural reviews, or managed services, we have resources that can help you.

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