Cloud computing is a fast-emerging multi-billion-dollar technology industry that doesn’t show any signs of slowing down.
But how large is the cloud computing industry? And how exactly is the cloud computing industry likely to evolve?
Here is a list of the most relevant cloud computing statistics, facts, and trends to help you understand the industry.
Top 7 Statistics for Cloud Computing (Editor’s Pick)
- The global cloud computing market will expand at a CAGR of 15.7% from 2022 to 2030.
- Public cloud user spending could hit $600 billion in 2023.
- In 2022, 80% of enterprises were utilizing a hybrid cloud solution.
- Netflix was among the most prominent companies using cloud computing in 2022.
- Cloud vulnerabilities grew by 28% in 2022.
- 32% of every enterprise cloud budget wasted in 2022.
- 69% of companies accelerated their cloud migration in 2021.
General Cloud Computing Statistics
1. The global cloud computing market will expand at a CAGR of 15.7% from 2022 to 2030.
The global value of the cloud computing market size was $368.97 billion and $483.98 billion in 2021 and 2022, respectively.
From there, the global market will expand at a compound annual growth rate (CARG) of 15.7% from 2022 to 2030 to hit $1,554.94 billion by 2030.
2. The world will store 200 zettabytes of data by 2025.
The total amount of data stored in the cloud from the public, government-owned, and private clouds will hit 100 zettabytes by 2025, or 50% of the world’s data at that time. This growth represents a 25% bump from data stored in the cloud in 2015.
3. Amazon Web Services, Microsoft Azure, and Google dominated the cloud computing market in 2022.
Amazon Web Services (AWS), Microsoft Azure, and Google Cloud retained supremacy over the industry because organizations continually moved their data to the cloud and utilized cloud applications globally.
4. AWS dominated the cloud infrastructure services market with a consistent 33%.
Q1 2022 data also show that Microsoft Azure and Google Cloud come in close second and third with market shares of 22% and 10%, respectively. The following 20 cloud providers held a combined market share of 21%.
5. SaaS remains the largest segment in the cloud computing market.
With an estimated worth of $146 billion in 2021, the segment is expected to hit $195 billion in 2023. Top companies in the SaaS market include Microsoft, Salesforce, Oracle, SAP, and Google.
Cloud Computing Usage and Adoption Statistics
6. Companies stored over 60% of corporate data in the cloud as of 2022.
This share has consistently increased from 30% in 2015, thanks to companies shifting their resources into cloud environments.
7. Public cloud user spending could hit $600 billion in 2023.
Worldwide end-user spending on public cloud services will grow 20.7% to $591.8 billion in 2023.
This growth is up from $490.3 billion in 2022, which is 18.8% higher than previously expected.
8. 90% of enterprises used a multi-cloud strategy to achieve business goals in 2022.
This was a massive jump from 53% of enterprises in 2021 who believed that a multi-cloud strategy helped achieve their business goals.
9. In 2022, 81% of a survey’s respondents chose multi-cloud solutions for their businesses.
47% intended to expand or upgrade their multi-cloud services, 13% had implemented and did not intend to upgrade, and 21% planned to implement a multi-cloud strategy in the next 12 months.
10. Managing costs was one of the biggest concerns among small businesses adopting cloud services in 2021.
Managing costs was one of the biggest concerns for 30% of small businesses.
On the other hand, compliance was a relatively minor concern at 10%.
11. In 2022, 80% of enterprises were utilizing a hybrid-cloud solution.
12. 36% of commercial real estate executives intended to invest in cloud computing in 2022.
33% of this group planned on investing in legacy systems, while another 38% sought modernized cloud computing systems.
Fun Cloud Computing Facts and Stats
13. Cloud computing has its roots back in the late 20th century.
Joseph Carl Robnett Licklider, an American computer scientist and psychologist, invented cloud computing in the late 1960s.
It was only in the mid-2000s that large companies such as Amazon, Microsoft, and Google took advantage of cloud computing.
14. Netflix was among the most prominent companies utilizing cloud computing in 2022.
Netflix, one of the largest streaming platforms in the world, uses AWS’s cloud hosting services for nearly all its computing and storage needs. It took Netflix 7 years to fully migrate to AWS.
15. Dropbox had over 700 million registered users in 2021.
It hosts over 550 billion content and cornered 16.79 million paying users in 2021. This is an increase to 15.48 million paying users in 2020.
16. Four cloud service providers catered to over 80% of cloud users in China.
In 2021, China’s four largest cloud service providers were Huawei, Tencent, Alibaba, and Baidu.
17. 37% of cloud service users admitted using Microsoft Azure Stack’s private cloud services.
Microsoft Azure Stack’s private cloud services were on the top list for cloud service users in 2022. VMware vSphere/vCenter previously held the top position in 2021.
18. 80% of enterprise respondents were adopting Microsoft Azure for public cloud usage as of 2022.
Microsoft Azure and Google Cloud were the top cloud computing platform providers worldwide. Enterprises cited reduced latency, resilience, and enhanced customer experience as reasons they adapted to the cloud.
Cloud Computing Challenges Stats
19. 43% of organizations were either in the early stages or had yet to start applying cloud security practices.
In 2022, these data breaches cost an average of $4.59 million for organizations that have yet to begin their cloud security journey.
20. Cloud vulnerabilities grew by 28% in 2022.
Cloud vulnerabilities have increased by a whopping 28% since 2021, with a 200% increase in cloud accounts offered over the dark web in the same time frame.
21. 32% of the enterprise cloud budget wasted in 2022.
In 2021, related wastage averaged only 30% of enterprises’ cloud budgets.
In 2022, the percentage grew to 32%.
22. 24% of business users experienced between 1 to 10 cloud misconfigurations per day in 2021.
Another 21% of business users experienced 10-50 such issues daily, while the top three were rounded off by 19% of users with 50-100 cloud configuration issues per day.
Milestones in Cloud Computing Statistics
23. The average annual salary for cloud computing professionals stands at $146,350 in 2023.
In the US, a cloud systems architect, a cloud network engineer, a computer analyst, a cloud security analyst, and a cloud database administrator earn an average salary of $106,100, $150,886, $73,318, $94,796, and $130,000 annually, respectively.
24. The Infrastructure-as-a-Service market is expected to be worth around $116 billion.
In 2022, the IaaS market hit a value of around $116 billion. The IaaS model reduces the need for an internal-owned system that’s expensive and difficult to maintain.
25. 69% of companies accelerated their cloud migration in 2021.
As of April 2022, companies with cloud IT infrastructure were expected to increase from 41% to 63% in the next 18 months.
26. The cloud applications software market is expected to grow at a CAGR of 4.8%.
The cloud applications market was valued at $133.6 billion in 2021.
It is expected to hit $168.6 billion by 2025 at a CAGR of 4.8%.
27. At a CAGR of 48.2%, the cloud gaming market will hit $7.24 billion in revenue by 2027.
For context, the global cloud gaming market was worth $470 million in 2020.
Trends in Cloud Computing
28. The global remote desktop software market will grow to $7.22 billion by 2029.
The software market for remote desktops was $2.27 billion in 2022.
Experts expect the market to rise to $7.22 billion by 2029, following a CAGR of 18.0%.
29. The global cloud storage market size is expected to grow to $376.37 billion by 2029.
In 2021, the global cloud storage market reached $70.19 billion.
It was projected to rise from $83.41 billion in 2022 to over $376 billion by 2029 at a CAGR of 24.0%.
The future looks “cloudy” with large and small enterprises fast adopting cloud computing into their business strategies. After all, 60% of corporate data is already on the cloud.
Subsequently, there is a significant expected growth in cloud spending from users from 2023. If you have not already, now is the time to join the cloud computing bandwagon.