Cloud Computing Statistics for 2023 and Beyond

Cloud Computing Statistics - Verito Technologies

In terms of new technologies, few innovations have soared to greater heights in the past decade than cloud computing. Being an alternative to the traditional IT infrastructure, cloud computing has reshaped how businesses operate, individuals connect, and data is managed. In fact, the cloud has become a fundamental driving force behind the monumental shifts in our technological landscape.

The rise of cloud computing has been nothing short of meteoric. However, it can be quite overwhelming to find reliable sources of information that define cloud computing statistics. Keeping that in mind, we have curated this complete guide covering statistical details on the global cloud computing landscape from various angles. Let’s dive deeper.

Cloud and IT: Impressive Statistics You Should Know About

  • 85% of organizations will be cloud-first by 2025.
  • More than 60% of all corporate data lies in the cloud servers.
  • 100 ZettaBytes (ZB) of data is expected to be stored in the cloud by 2025. Here, 1 ZB represents 1 trillion GBs of data.
  • One-fourth of the enterprise IT market spending was on the cloud in 2022. It is expected that more than 50% of the IT spending will shift to cloud solutions by 2025. 
  • 4 in every 5 enterprises have plans to increase investments in cloud solutions irrespective of the economic ups and downs.

Statistics Around Cloud Benefits

  • More than 2/3rd of companies have achieved the expected benefits of cloud computing, such as business enablement, business continuity, and improved service levels.
  • Cloud technology tends to improve the average time to market new features by 37%.
  • Cloud also helps reduce downtime by more than 50%.
  • More than 50% of companies using the cloud reveal easier IT operations due to cloud migration as one of its benefits.
  • The rising cloud adoption is expected to generate $3 trillion in EBITDA by 2030.

Cloud Computing Statistics Around Market Spending and Revenue

  • 80% of companies spend more than $1 million per year on the cloud. More precisely, 37% of enterprises spend more than $12 million in annual cloud spending.
  • Public cloud revenue rose 21% in 2022 to $544 billion.
  • Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) segments witnessed a significant rise in revenue of 29% in 2022, taking the number to $195 billion.
  • In service, the Software-as-a-Service (SaaS) segment covered the majority of the cloud industry and accounted for 55% of the total revenue in 2022.
  • In terms of deployment, private cloud deployments accounted for 47% of the revenue in 2022.
  • In terms of geographical usage, North America accounted for more than 40% of the cloud revenue in 2022.
  • The global market for cloud computing is expected to cross the mark of $1.6 trillion by 2030.
  • The APAC or Asia-Pacific region, not including China, constitutes 14% of cloud spending at the global level. The overall cloud spend in the region is expected to be around $200 billion by 2024.

Cloud Computing Statistics in Terms of Market Leaders

  • Eight cloud infrastructure providers worldwide control more than 80% of the cloud market. These include AWS, Microsoft Azure, and Google Cloud at the top three positions. 
  • AWS has a 34% market share in cloud infrastructure, which is more than the combined share of the other two of its biggest competitors.

Cloud Computing Statistics in Terms of Type of Cloud Deployment

  • Global public cloud spending is expected to reach around $600 billion in 2023.
  • Businesses in the public cloud segment have invested around $120 billion to build, lease, and equip data center infrastructure in 2022.
  • More than 95% of companies use one public cloud at least.
  • Retail and e-commerce businesses (79%) heavily use public cloud, while 68% of small enterprises use it for cost benefits.
  • Companies run around 30% of their workloads in private cloud on average.
  • The telecommunications sector uses private clouds more than public cloud solutions.
  • More than 50% of companies having revenue above $500 million work on a hybrid cloud approach.

Cloud Computing Statistics in Terms of Storage

  • 14% of the IT budgets in companies are allocated to public cloud storage solutions on average.
  • More than 50% of organizations spent a larger amount on public cloud storage than what they budgeted.
  • More than 70% of U.S.-based consumers using cloud storage, store photos in the cloud, while 53% of them back up important data via cloud.
  • 27% of consumers use cloud storage to save login credentials/passwords.
  • 94.4% of consumers use Google Drive, followed by Dropbox (66.2%).

Cloud Computing Statistics in Terms of Data Center

  • The data centre infrastructure spending is expected to reach $49 billion by 2030.
  • The U.S. emerges as the market leader in the data center industry. More than 100 data centers are located in the Bay Area, Dallas, and Los Angeles.
  • The demand for data centers can grow around 10% every year till 2030 in the U.S.


Complete Guide on Cloud Market

Switch to cloud solutions with Verito Technologies. Contact us today!


You May Also Like