Key Takeaways
- Organizations estimate that 28% of their cloud spend is wasted
- Controlling cloud costs is the #1 challenge for 82% of enterprises
- Cloud spend exceeds budget by an average of 13% for mid-market companies
- The global public cloud services market is projected to reach $678.8 billion in 2024
- Infrastructure-as-a-Service (IaaS) spending is expected to grow by 26.6% in 2024
- Platform-as-a-Service (PaaS) spending is forecast to reach $176.5 billion in 2024
- Cloud security is the top concern for 79% of IT professionals
- 45% of data breaches are cloud-based
- Misconfiguration remains the #1 cause of cloud data breaches
- 89% of organizations have a multi-cloud strategy
- 73% of enterprises indicate they are using a hybrid cloud approach
- On average, organizations use 2.9 public clouds and 2.5 private clouds
- Amazon Web Services (AWS) held a 31% market share of global cloud infrastructure spend in Q3 2023
- Microsoft Azure and other cloud services revenue grew 30% in the most recent fiscal quarter
- Google Cloud's market share grew to 10% of total infrastructure spending in 2023
Enterprises waste 28% of cloud spend and struggle with costs and security, driving major savings through FinOps.
Related reading
Economics & Cost Management
Economics & Cost Management Interpretation
Market Size & Growth
Market Size & Growth Interpretation
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Security & Compliance
Security & Compliance Interpretation
Usage & Infrastructure Trends
Usage & Infrastructure Trends Interpretation
More related reading
Vendor Performance & Competition
Vendor Performance & Competition Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Megan Gallagher. (2026, February 13). Cloud Computing Industry Statistics. Gitnux. https://gitnux.org/cloud-computing-industry-statistics
Megan Gallagher. "Cloud Computing Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/cloud-computing-industry-statistics.
Megan Gallagher. 2026. "Cloud Computing Industry Statistics." Gitnux. https://gitnux.org/cloud-computing-industry-statistics.
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