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40+ Cloud Computing Stats From Reputable Sources in 2024

There may be a number of speak concerning the cloud, even on a day-to-day degree, and computing is a kind of areas. Cloud computing is a really broad matter and might be associated to many areas comparable to deep studying. It’s no coincidence that there are such a lot of opinions on the topic, as a result of competence in cloud computing is instantly associated to the way forward for firms (not experiencing vendor-lock-in, choosing the proper companies in the fitting areas). 

On this article, we offer you information from varied dependable sources on the topic. These can facilitate your decision-making processes and put you one step forward. 

Cloud market forecasts

Market progress

  1. Total, the worldwide income within the public cloud sector is projected to rise from 2023 to 2028, with an total progress of ~470 billion U.S. {dollars}, marking a rise of ~80 %. Following 9 years of steady progress, it’s anticipated that the income will hit a brand new excessive of 1.1 trillion U.S. {dollars} by 2028.1 
  2. International cloud computing market continues to develop and is predicted to achieve an estimated ~680 billion U.S. {dollars} in 2024. This includes enterprise processes, platform, infrastructure, software program, administration, safety, and promoting companies delivered by public cloud companies.2 
  3. In 2023, the market worth of public cloud companies and Software program as a Service (SaaS) is projected to be round ~190 billion U.S. {dollars}, with expectations to develop to 232 billion U.S. {dollars} by 2024. SaaS purposes, which function within the cloud, are usually accessible through desktop and cellular purposes, in addition to by way of net interfaces.3 
  4. The Infrastructure as a Service (IaaS) section throughout the cloud system is predicted to broaden by ~30 % in 2024 relative to 2022. Total, the general public cloud companies market is anticipated to see a 20 % progress charge, apart from cloud enterprise course of companies (BPaaS), that are anticipated to witness single-digit annual progress charges.4 
  5. By 2024, the market worth of Platform as a Service (PaaS) is projected to exceed 176 billion U.S. {dollars}. PaaS represents a type of cloud computing delivered to prospects by service suppliers.5  
  6. The worldwide market measurement for All the pieces as a Service (XaaS) is projected to realize ~$1600 billion by 2028, experiencing a compound annual progress charge (CAGR) of ~20 in the course of the forecast interval.6  
  7. In 2023, the worldwide marketplace for Something-as-a-Service (XaaS) stood at US$ ~280 Billion. IMARC Group initiatives this market to broaden to ~US$ 1,100 Billion by 2032, rising at a Compound Annual Progress Fee (CAGR) of ~15% from 2024 to 2032.7   

Determine 1. Survey with companies on cloud infrastructure.8 

Vendor particular information

Cloud markets expect extra distributors. In keeping with IDC, cloud marketplaces account for ~20% of rising impartial software program vendor (ISV) income, up from 15% in 2022.9 

  1. Amazon Net Providers (AWS), the cloud computing division of Amazon, generated greater than $80 billion in income for Amazon’s total top-line, underpinned by an annual progress charge of 29%. Though this charge was decrease than the earlier yr, it nonetheless demonstrates the robust ongoing demand for AWS cloud companies.10 
  2. Amazon is the worldwide market share chief, with a market share place of 46%.11
  3. GCP’s market share grew by greater than 40% in 2022 and now stands at over 10%. 

For extra info on market share, see Determine 2:

aws1 1

Determine 2. Worldwide market share of cloud infrastructure in 2023.12 

Compute particular information

In 2022, the worldwide marketplace for Cloud Infrastructure and Platform Providers (CIPS) was valued at $168 billion, marking it as some of the quickly increasing segments within the cloud market with a progress charge of~30%.13 

In keeping with a Gartner survey, 76% of enterprise prospects utilizing Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) at present depend upon a number of public cloud suppliers.14 

In 2023, there are 20+ distributors out there providing cloud GPU companies. Whereas 10+ distributors exist out there of cloud A100 service suppliers, the distributors are comparatively restricted in the case of cloud H100 and H200 suppliers.

Additionally, in a 2023 survey amongst technical professionals, 41 % reported they have been already using Microsoft Azure Stack’s personal cloud companies. Microsoft Azure Stack ranked first in utilization, adopted by VMware vSphere/vCenter. Moreover, Amazon Net Providers (AWS) Outposts, together with Google Anthos and VMware vCloud Director, have been recognized as the highest selections for deliberate future utilization.15

spending forecast

Determine 3. Worldwide Public Cloud Providers Finish-Person Spending Forecast (Tens of millions of U.S. {Dollars}).16 

Cloud computing is just not restricted to enterprises. In 2023, a survey discovered that 47 % of small and medium-sized enterprise (SMB) respondents have been using AWS CloudFormation templates. AWS CloudFormation is designed to facilitate the speedy provisioning of companies or purposes, often known as “stacks,” by way of using templates.17 

Database administration 

Cloud adoption continues to be necessary with the iPaaS market which, in accordance with numbers, was rising by ~35% in 2022.18 

By 2027, it’s anticipated that worldwide enterprise spending on Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) might be thrice increased than the expenditure in 2022. This vital improve is predicted to subsequently drive a better demand for Database Platform as a Service (dbPaaS).19 

It’s forecasted that by 2025, information integration instruments missing the aptitude for multi-cloud/hybrid information integration through a Platform as a Service (PaaS) mannequin are anticipated to forfeit 50% of their market share to distributors that supply these options.20 

July 2023, Synergy Analysis’s July 2023 report supplies one other perspective on the difference. It’s reported that 60% of information heart capability was being offered by hyperscalers and colocation suppliers, surpassing the 40% capability hosted in on-premises amenities.

datacenter capacity trends

Determine 4. Knowledge capability tendencies in 2023. 

Trade particular

The container administration market has seen accelerated progress of~30% over the previous yr with a market worth of $1.6 billion in 2022.21 

By 2026, the adoption of CSP-native platforms will propel 75% of container situations to be deployed inside public cloud environments, up from 50% in 2023.22 

Banking is among the industries that tailored cloud-technology vastly. But, the best way this adaptation occurs is a query to pose. As IDC’s Worldwide Trade Cloud Path to 2022 Survey reveals, banks want a variety of cloud companies and the necessity to function in multi-cloud environments, provided that 83% of banks surveyed use private and non-private cloud platforms.23 

To see trade particular cloud adoption statistics see:

cloud adaptation

Determine 5. Trade cloud adoption throughout sectors within the U.S. 2023.24  

The Healthcare cloud computing market is projected to develop by USD 201.1 billion by 2032, with North America contributing the most important income share at 51.0%.25  

By service

Knowledge warehouse, DBaaS and push notifications are among the cloud companies utilized by companies. See:

public cloud

Determine 6. Public Cloud Providers utilized by all organizations.26 

By area 

In 2023, ~45% of enterprises within the European Union acquired cloud computing companies, comparable to on-line entry to software program, computing energy, and storage capability. This represents a progress of ~4 proportion factors in comparison with the yr 2021.27

A 2022 PwC survey confirmed that 68 % of firms within the Center East intend to transition the vast majority of their operations to the cloud over the subsequent two years. Additionally, 88 % of firms using cloud companies have reported an increase in income within the final six to 9 months.28

In 2022, the U.S. contributed to 45% of whole international income from cloud companies and is projected to broaden over $258 billion on public cloud companies in 2023.29

Excluding China, the Asia-Pacific (APAC) area represents 14% of the worldwide expenditure on cloud companies. By 2024, the full cloud spending within the APAC area is anticipated to achieve $200 billion.30 

The cloud market in Mainland China skilled a ten% progress, reaching a complete of $30.3 billion. 31  

Challenges

Cloud computing statistics point out a number of challenges as effectively. We listed a few of them beneath. 

As of 2023, surveyed technical executives, managers, and practitioners of cloud applied sciences from around the globe indicated that the largest challenges of utilizing cloud computing know-how inside their organizations have been associated to managing cloud spend. Round 82 % of respondents discovered managing cloud spend to be a major problem.32   

In keeping with the survey, controlling cloud prices and information privateness and safety challenges are the highest public cloud challenges with 40 and 38 % of respondents respectively.33 

Managing information appeared as a giant problem. From 2020 to 2022, managing information in multi cloud environments is predicted to be probably the most difficult information administration problem for enterprises, as greater than 60 % of respondents reported this to be difficult or extraordinarily difficult. Hybrid-cloud environments are additionally anticipated to be an information administration headache in accordance with respondents.34  

cloud challenges

Determine 7. Challenges confronted by respondents in Flexera analysis.35   

The complexity issue might clarify why enterprises are hesitant to boost their cloud safety. In a survey involving 750 people chargeable for cloud choices, 81% recognized safety as a significant problem, surpassing points like managing cloud bills (79%), governance (75%), and compliance (75%).36 

Additional studying

For extra info on cloud know-how, verify:

  1. “International: public cloud market income 2019-2028 | Statista” Statista. Retrieved on January 2, 2024. 
  2. “Public cloud computing market measurement 2024 | Statista” Statista. Retrieved on January 2, 2024. 
  3. “Public cloud computing market measurement 2024 | Statista” Statista. Retrieved on January 2, 2024.
  4. “Public cloud companies progress 2022-2024 | Statista” Statista. Retrieved on January 2, 2024.
  5. “Public cloud companies progress 2022-2024 | Statista” Statista. Retrieved on January 2, 2024.
  6. “The International All the pieces as a Service (XaaS) Market measurement is predicted to achieve $1610.5 billion by 2028, rising at a market progress of 19.2% CAGR in the course of the forecast interval.” Retrieved on January 2, 2024.
  7. “Something-as-a-Service (XaaS) Market Dimension | Report 2032” Retrieved on January 2, 2024.
  8. “Multi-cloud Software Deployment and Supply Choice Making 1” Retrieved on January 2, 2024.
  9. “IDC MarketScape: Worldwide Cloud and Purposes-Centric Marketplaces 2023 Vendor Evaluation” Retrieved on January 2, 2024.
  10. “Gartner | Vendor Score: Amazon ” Retrieved on January 2, 2024.
  11. “Gartner | Vendor Score: Amazon” Retrieved on January 2, 2024.
  12. “Chart: Amazon Maintains Lead within the Cloud Market | Statista” Retrieved on January 2, 2024.
  13. “Magic Quadrant for Strategic Cloud Platform Providers” Retrieved on January 2, 2024.
  14. “Magic Quadrant for Strategic Cloud Platform Providers” Retrieved on January 2, 2024.
  15. “Non-public cloud adoption by know-how 2023 | Statista” Retrieved on January 2, 2024.
  16. “Gartner Forecasts Worldwide Public Cloud Finish-Person Spending to Attain Practically $600 Billion in 2023” Retrieved on January 2, 2024.
  17. “Cloud configuration instruments utilization SMB 2023 | Statista” Retrieved on January 2, 2024.
  18. “Magic Quadrant for Knowledge Integration Instruments” Retrieved on January 2, 2024.
  19. “Magic Quadrant for Cloud Database Administration Techniques” Retrieved on January 2, 2024.
  20. “Magic Quadrant for Knowledge Integration Instruments” Retrieved on January 2, 2024.
  21. “Magic Quadrant for Container Administration” Retrieved on January 2, 2024.
  22. “Magic Quadrant for Container Administration” Retrieved on January 2, 2024.
  23. “IDC Perspective: Banking on the Cloud: Outcomes from the 2022 CloudPath Survey” Retrieved on January 2, 2024.
  24. “Trade cloud adoption throughout sectors within the U.S. 2023 | Statista” Retrieved on January 2, 2024.
  25. “Healthcare Cloud Computing Market measurement to extend by USD 201.1 Bn by 2032; North America accounted highest income share of 51.0%” Retrieved on January 2, 2024.
  26. “Flexera 2023 State of the Cloud | Report” Retrieved on January 2, 2024.
  27. “45% EU enterprises purchased cloud companies in 2023 – Merchandise Eurostat Information” Retrieved on January 2, 2024.
  28. “Cloud computing within the Center East” Retrieved on January 2, 2024.
  29. “160+ Fascinating Cloud Computing Statistics for 2023” Retrieved on January 2, 2024.
  30. “The Way forward for Cloud in Asia Pacific” Retrieved on January 2, 2024.
  31. “Canalys Newsroom – China cloud service spending to develop by 12% in 2023” Retrieved on January 2, 2024.
  32. “Enterprise cloud computing challenges 2023 | Statista” Retrieved on January 2, 2024.
  33. “What have been the largest challenges or obstacles to your group’s capability to take full benefit of public cloud sources?” Retrieved on January 2, 2024.
  34. “Cloud information administration challenges 2022 | Statista” Retrieved on January 2, 2024.
  35. “Flexera 2023 State of the Cloud | Report” Retrieved on January 2, 2024.
  36. “STATE OF THE CLOUD REPORT” Retrieved on January 2, 2024.
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