{"id":84776,"date":"2023-07-12T22:50:49","date_gmt":"2023-07-12T22:50:49","guid":{"rendered":"https:\/\/www.techopedia.com"},"modified":"2023-07-12T22:50:49","modified_gmt":"2023-07-12T22:50:49","slug":"cloud-computing-statistics","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/cloud-computing-statistics","title":{"rendered":"65 + Cloud Computing Statistics You Need to Know For March 2025 \u2013 The Where, Why & How Much"},"content":{"rendered":"
In today’s fast-paced digital era, the significance of cloud computing for businesses cannot be overstated. As organizations continue to embrace the transformative potential of technology, the cloud has emerged as an invaluable ally, revolutionizing how businesses operate, store data, and scale their operations. <\/span><\/p>\n With the advent of cloud computing, the conventional limitations of hardware infrastructure and localized data storage are rapidly becoming relics of the past. This article will explore the world of cloud computing statistics and the profound impact this technology has had on businesses across industries.\u00a0<\/span><\/p>\n Market.us projects that the global cloud computing market will exceed<\/b> $2,321.1 billion<\/b> by 2032, with a compounded annual growth rate (CAGR) of 16% from 2023 to 2032.<\/b><\/p>\n The following key factors have played a significant role in driving the growth of the cloud computing market industry.<\/span><\/p>\n Between 2023 and 2028, the North American professional cloud services market is anticipated to exhibit a CAGR of <\/b>15.23%.<\/b><\/p>\n In Europe, the market is expected to witness steady growth with a <\/span>CAGR of 9%<\/span> from 2023 to 2028, driven by the rising adoption of the SaaS sector.\u00a0\u00a0<\/span><\/p>\n In a 2022 survey conducted by PluralSight, a diverse group of 1,000<\/strong> tech leaders and technologists from various industries and locations agreed on the following key factors influencing the growth of cloud computing data in the workplace:<\/strong><\/span><\/p>\n As per results, Intro to Cloud Computing courses gained significant popularity in 2021, attracting 24,000 unique users and establishing itself as the most widely accessed course.<\/b><\/p>\n The survey confirmed the demand for Cloud Basics certifications, with 27% of respondents stating their current high demand and 23% predicting sustained demand three years from the survey date.\u00a0<\/span><\/p>\n Despite longer completion times for cloud courses, technologists recognize the value of cloud computing skills and are actively bridging the existing skill gaps.<\/span><\/p>\n 60% acknowledged being newcomers to cloud computing and are actively working towards developing a foundational understanding of the subject.<\/b><\/p>\n 40% identify security as the primary skills gap and the top challenge that hinders organizations from reaching cloud maturity.<\/span><\/p>\n Regarding obstacles in developing cloud skills, 43% of organizational leaders attribute it to budgetary constraints and the associated costs.<\/b><\/p>\n The following responses point to individuals citing lack of time or organizational support as barriers to their upskilling efforts:<\/span><\/p>\n Due to the current economic climate, <\/b>41%<\/b> of tech and business leaders worldwide intend to boost their investments in cloud-based services and products.<\/b><\/p>\n Around 33.4% of organizations plan to transition from legacy enterprise software to cloud-based tools, while 32.8% aim to migrate their on-premises workloads to the cloud.<\/span><\/p>\n Industry cloud platforms are projected to be adopted by over <\/b>50%<\/b> of enterprises by 2027, as businesses leverage them to expedite their strategic initiatives.<\/b><\/p>\n 50% of the decision-makers in cloud technology are either recruiting new personnel or providing training to existing staff to enhance their cloud agility.<\/span><\/p>\n The global cloud computing market was valued at <\/b>$546.1 billion<\/b> in 2022.\u00a0<\/b><\/p>\n With the largest revenue share of 41.2%, North America emerged as the dominant market, reaffirming its prominence and strategic advantage in shaping the cloud computing landscape.<\/span><\/p>\n North America is expected to lead the market in revenue from 2023 to 2030, driven by its early adoption of technologies like AI, robotics, IoT, and the cloud.<\/b><\/p>\n The presence of dominant cloud providers like IBM, Microsoft, and Oracle corporations significantly drives cloud adoption in the region.<\/span><\/p>\n The IT and telecommunications industries have emerged as <\/b>key players<\/b> with the largest global cloud computing market share.<\/b><\/p>\n However, the healthcare sector is projected to experience the highest compound annual growth rate.\u00a0<\/span><\/p>\n Additionally, the cloud computing market has revolutionized the world of video games by introducing cloud gaming as a prominent feature.<\/b><\/p>\n Amazon Web Services, Inc. invested <\/span>$35 billion<\/span> in Virginia-based cloud computing data centers between 2011 and 2020 to assist with cloud gaming development.<\/span><\/p>\n By the end of 2021, there was estimated to be <\/b>23.7 million<\/b> paying users of cloud gaming services, spending a total of $1.6 billion on cloud gaming services and streamed games.<\/b><\/p>\n Approximately 94% of those familiar with cloud gaming have either already experimented with it (50%) or expressed their interest in trying it out (44%).<\/span><\/p>\n The most notable <\/span>cloud gaming services<\/span> in 2023 include:<\/span><\/p>\n Cloud computing services are composed of three major categories:\u00a0<\/b><\/p>\n SaaS emerged as the market leader in 2022, capturing the highest revenue share of <\/b>56%.<\/b><\/p>\n The demand for SaaS stems from its outstanding features, including flexibility, easy maintenance and deployment, and the advantage of remote accessibility through web-based subscriptions.<\/span><\/p>\n In 2023, the SaaS market was estimated at <\/b>$197 billion<\/b>, with further growth anticipated to reach $232 billion by 2024.\u00a0<\/b><\/p>\n The market continues to grow significantly as organizations worldwide embrace ready-to-use applications, such as customer relationship management<\/a> (CRM), enterprise resource planning (ERP), web hosting, and e-commerce software.<\/span><\/p>\n With a market capitalization of <\/b>$230 billion<\/b> as of July 2023, Adobe Inc. is the largest SaaS company in terms of market value.<\/b><\/p>\nCloud Computing Statistics Highlights<\/span><\/h2>\n
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Cloud Computing Growth Statistics<\/span><\/h2>\n
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Cloud Computing Product\u00a0 Growth in Organizations<\/b><\/h3>\n
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Cloud Computing Market Size Statistics<\/span><\/h2>\n
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SaaS, IaaS, and PaaS Cloud Computing Services Statistics<\/b><\/h3>\n
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