GITNUXREPORT 2026

Cloud Computing Statistics

Cloud computing adoption continues to accelerate with massive and sustained growth.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

94% of enterprises are using cloud computing in some capacity as of 2023.

Statistic 2

92% of companies worldwide have a multi-cloud strategy in place in 2023.

Statistic 3

89% of organizations have adopted a hybrid cloud strategy according to 2023 surveys.

Statistic 4

Cloud adoption rate among enterprises reached 95% globally in 2022.

Statistic 5

81% of enterprises have a cloud-first strategy as their primary approach in 2023.

Statistic 6

69% of business leaders say cloud computing is key to business success in 2023.

Statistic 7

96% of respondents in a 2023 survey use cloud services for mission-critical workloads.

Statistic 8

Cloud adoption in SMBs increased to 88% in 2023 from 76% in 2020.

Statistic 9

76% of organizations are using or planning to use container technologies in cloud in 2023.

Statistic 10

85% of enterprises experienced a cloud security incident in the past year as of 2023.

Statistic 11

Global cloud adoption for AI/ML workloads reached 58% among enterprises in 2023.

Statistic 12

67% of digital transformation initiatives involve cloud migration in 2023.

Statistic 13

91% of CISOs expect cloud sprawl to increase in the next 12 months in 2023 survey.

Statistic 14

Adoption of serverless computing among developers hit 50% in 2023.

Statistic 15

74% of enterprises use public cloud, 58% private, 68% hybrid in 2023.

Statistic 16

Cloud-native technologies adopted by 55% of organizations in production in 2023.

Statistic 17

83% of workloads will be processed in cloud data centers by 2025, up from 41% in 2020.

Statistic 18

60% of enterprises have fully migrated to cloud for non-mission-critical apps in 2023.

Statistic 19

Kubernetes adoption in enterprises reached 96% awareness, 66% usage in 2023.

Statistic 20

70% of companies report faster time-to-market using cloud services in 2023.

Statistic 21

FinOps practices adopted by 65% of cloud users in 2023.

Statistic 22

82% of EU enterprises used cloud computing in 2022, up from 29% in 2014.

Statistic 23

45% of enterprises use cloud for big data analytics in 2023.

Statistic 24

Public cloud adoption for development/testing at 87% among enterprises in 2023.

Statistic 25

56% of organizations use cloud for disaster recovery in 2023.

Statistic 26

IoT cloud adoption rate stands at 62% globally in 2023.

Statistic 27

78% of enterprises plan to increase cloud spend in 2024.

Statistic 28

41% of workloads are cloud-hosted as of 2023.

Statistic 29

Global public cloud spending by enterprises hit $474 billion in 2022.

Statistic 30

Average enterprise cloud spend increased 21% YoY to $6.2 million in 2023.

Statistic 31

Worldwide IaaS spending reached $91.30 billion in 2022, 29.1% growth.

Statistic 32

Cloud services spending forecast to total $1.4 trillion cumulatively from 2023-2027.

Statistic 33

PaaS revenue worldwide grew to $37.5 billion in 2022, up 24%.

Statistic 34

SaaS market revenue expected to reach $232.9 billion in 2024.

Statistic 35

Enterprises overspent on cloud by 32% due to waste in 2023.

Statistic 36

Global cloud infrastructure services spend Q1 2023 was $69.2 billion, up 23% YoY.

Statistic 37

AWS revenue from cloud services was $80.1 billion in 2022.

Statistic 38

Microsoft Azure annual revenue exceeded $50 billion run rate in 2023.

Statistic 39

Google Cloud revenue hit $26.3 billion in 2022, up 28%.

Statistic 40

Cloud cost optimization tools market to reach $23.5 billion by 2030.

Statistic 41

30% of cloud spend is wasted on average across enterprises in 2023.

Statistic 42

FinOps adoption correlates with 25% reduction in cloud costs.

Statistic 43

Global enterprise spending on public cloud apps projected at $186 billion in 2023.

Statistic 44

Cloud database services spending grew 32% to $12.6 billion in 2022.

Statistic 45

System infrastructure software spending in cloud hit $9.7 billion in Q4 2022.

Statistic 46

Average monthly cloud bill for enterprises is $1.5 million in 2023.

Statistic 47

Cloud migration services market valued at $12.8 billion in 2022, to $35.5 billion by 2030.

Statistic 48

52% of organizations report cloud costs exceeding budgets in 2023.

Statistic 49

PaaS spending forecast to double to $74 billion by 2025.

Statistic 50

Cloud backup and recovery market to reach $19.8 billion by 2028.

Statistic 51

Enterprises allocate 41% of IT budgets to cloud in 2023.

Statistic 52

Multi-cloud spend represents 89% of enterprise cloud budgets in 2023.

Statistic 53

Cloud security spending to reach $21.2 billion in 2024.

Statistic 54

IaaS spending by telecom sector $15.7 billion in 2022.

Statistic 55

96% of cloud cost is infrastructure-related in enterprises 2023.

Statistic 56

Global cloud management platform market $13.6 billion in 2023.

Statistic 57

Enterprises saw 24% YoY increase in cloud bills in 2022.

Statistic 58

74% of companies increased cloud budgets by over 30% in 2023.

Statistic 59

Global spending on edge security to reach $18.7 billion by 2027.

Statistic 60

Quantum computing integration with cloud expected by 40% of enterprises by 2025.

Statistic 61

AI in cloud market to grow to $126 billion by 2027, CAGR 22.6%.

Statistic 62

75% of enterprise data will be created/processed outside data centers by 2025.

Statistic 63

Serverless architecture adoption to reach 70% by 2025.

Statistic 64

Green cloud computing market to hit $54.7 billion by 2030, CAGR 22.2%.

Statistic 65

95% of new digital workloads will be deployed on cloud-native platforms by 2025.

Statistic 66

Kubernetes to orchestrate 95% of container deployments by 2025.

Statistic 67

Edge computing market to reach $250 billion by 2030.

Statistic 68

Cloud metaverse market projected at $126.18 billion by 2030, CAGR 41.5%.

Statistic 69

60% of infrastructure will be SaaS-based by 2025.

Statistic 70

Blockchain as a service (BaaS) market to $9.82 billion by 2028, CAGR 54%.

Statistic 71

5G integration with cloud to drive $26 billion market by 2028.

Statistic 72

Autonomous cloud operations via AIOps adopted by 50% by 2025.

Statistic 73

Digital twins in cloud market $110 billion by 2028.

Statistic 74

Cloud robotics market to $39.3 billion by 2030, CAGR 27.4%.

Statistic 75

Composable cloud architectures to dominate 80% of enterprises by 2026.

Statistic 76

Federated learning in cloud for privacy-preserving AI by 40% adoption 2025.

Statistic 77

Sustainable cloud data centers to reduce emissions by 30% by 2030.

Statistic 78

Neuromorphic computing in cloud emerging, market $21.3 billion by 2032.

Statistic 79

Cloud for AR/VR market $51.7 billion by 2028.

Statistic 80

Zero-ETCD Kubernetes for edge cloud in 35% deployments by 2025.

Statistic 81

Confidential computing workload share to 30% by 2026.

Statistic 82

Cloud-native CI/CD pipelines in 75% of dev teams by 2025.

Statistic 83

WebAssembly (Wasm) in cloud production use 25% by 2024.

Statistic 84

Predictive analytics in cloud ops reduces downtime 50%.

Statistic 85

Hybrid edge-cloud for autonomous vehicles 60% by 2030.

Statistic 86

Cloud-based genomic sequencing market $8.8 billion by 2030.

Statistic 87

eBPF adoption for cloud observability 70% by 2025.

Statistic 88

Spatial computing cloud market emerging at $800 billion by 2034.

Statistic 89

OpenTelemetry standard in 55% cloud monitoring by 2025.

Statistic 90

The global cloud computing market size was valued at USD 570.52 billion in 2022 and is expected to grow to USD 2,390.18 billion by 2030, registering a CAGR of 19.5% during the forecast period.

Statistic 91

Public cloud spending worldwide reached $490 billion in 2022, with a year-over-year growth of 21.1%.

Statistic 92

The cloud infrastructure services market is forecasted to hit $149 billion in 2023, up 23% from 2022.

Statistic 93

Worldwide end-user spending on public cloud services is projected to reach $591.8 billion in 2023, a 20.7% increase from 2022.

Statistic 94

The global cloud computing market is anticipated to grow from $496.59 billion in 2023 to $1,266.39 billion by 2028 at a CAGR of 20.5%.

Statistic 95

Cloud services market in Asia-Pacific is expected to grow at the highest CAGR of 22.1% from 2023 to 2030.

Statistic 96

The SaaS segment dominated the cloud computing market with a share of over 40% in 2022.

Statistic 97

Global hyperscale data center market size was valued at $52.47 billion in 2022 and is projected to reach $307.23 billion by 2032, growing at a CAGR of 20.8%.

Statistic 98

Worldwide public cloud spending grew 26.4% in Q4 2022 to total $65.8 billion.

Statistic 99

The cloud computing market in North America accounted for over 38% share in 2022.

Statistic 100

Global cloud computing market revenue is expected to reach $832.1 billion by 2025.

Statistic 101

Public cloud services market is projected to grow to $1.44 trillion by 2030 at a CAGR of 16.5%.

Statistic 102

The edge computing market, integrated with cloud, is expected to reach $250.58 billion by 2030, CAGR 37.9%.

Statistic 103

Cloud gaming market size was $3.47 billion in 2022, projected to $15.34 billion by 2030, CAGR 20.4%.

Statistic 104

Worldwide IaaS market revenue reached $91.4 billion in 2022, up 29% YoY.

Statistic 105

PaaS market is forecasted to grow from $121.09 billion in 2023 to $293.2 billion by 2030, CAGR 13.4%.

Statistic 106

Global multi-cloud management market size was $6.2 billion in 2022, expected to reach $21.5 billion by 2030, CAGR 17%.

Statistic 107

Cloud ERP market projected to grow from $42.8 billion in 2022 to $128.1 billion by 2030, CAGR 14.7%.

Statistic 108

The serverless computing market is expected to reach $36.64 billion by 2028, CAGR 24.8% from 2021.

Statistic 109

Hybrid cloud market size valued at $86.52 billion in 2022, projected to $235.86 billion by 2030, CAGR 13.4%.

Statistic 110

Worldwide cloud spending reached $474 billion in 2021, growing 18%.

Statistic 111

Cloud AI market expected to grow from $45.6 billion in 2022 to $126.3 billion by 2027, CAGR 22.6%.

Statistic 112

Global cloud storage market size was $107.8 billion in 2022, to reach $376.37 billion by 2030, CAGR 17.5%.

Statistic 113

Private cloud market projected to grow from $147.5 billion in 2023 to $424.1 billion by 2030, CAGR 16.3%.

Statistic 114

Cloud matrix market (IaaS, PaaS, SaaS) expected to hit $1.55 trillion by 2030.

Statistic 115

Worldwide public cloud services end-user spending totaled $298 billion in 2020, up 11%.

Statistic 116

Cloud computing market in healthcare projected to grow at CAGR 19.6% to 2030.

Statistic 117

Global cloud orchestration market size $12.1 billion in 2022, to $38.7 billion by 2027, CAGR 26.1%.

Statistic 118

Fintech cloud market expected to reach $127.3 billion by 2030, CAGR 18.2%.

Statistic 119

Worldwide end-user public cloud spending forecast at $679 billion in 2024, 20.4% growth.

Statistic 120

82% of breaches involved cloud-stored data in 2023.

Statistic 121

Average cost of a cloud data breach reached $4.45 million in 2023.

Statistic 122

45% of cloud security failures due to customer misconfigurations in 2023.

Statistic 123

88% of organizations experienced at least one cloud security incident in past year 2023.

Statistic 124

Phishing is the top cloud threat, involved in 16% of incidents in 2023.

Statistic 125

99% of cloud security failures are due to customer errors per 2023 study.

Statistic 126

Ransomware attacks on cloud environments up 75% in 2022.

Statistic 127

61% of organizations cite insider threats as top cloud risk in 2023.

Statistic 128

Cloud misconfiguration vulnerabilities affected 20% of workloads in 2023.

Statistic 129

80% of security pros say cloud complexity increases risk exposure.

Statistic 130

Average time to identify cloud breach is 211 days in 2023.

Statistic 131

51% of breaches involved compromised credentials in cloud 2023.

Statistic 132

Multi-cloud environments have 50% higher breach risk per 2023 report.

Statistic 133

39% of organizations lack visibility into all cloud assets in 2023.

Statistic 134

DDoS attacks on cloud services increased 200% in 2022.

Statistic 135

70% of enterprises non-compliant with cloud regs like GDPR in audits 2023.

Statistic 136

Identity-based attacks rose 65% targeting cloud IAM in 2023.

Statistic 137

25% of cloud breaches due to API vulnerabilities in 2023.

Statistic 138

Shadow IT usage leads to 33% of cloud security incidents 2023.

Statistic 139

Average cloud breach remediation cost $1.82 million per incident 2023.

Statistic 140

92% of CISOs worried about AI in cloud security threats 2023.

Statistic 141

Unsecured Kubernetes clusters exposed in 48% of scans 2023.

Statistic 142

Compliance violations cost enterprises $14.82 million on average 2023.

Statistic 143

67% of breaches exploited known vulnerabilities in cloud 2023.

Statistic 144

Third-party cloud risks affected 55% of organizations 2023.

Statistic 145

76% of security leaders say skills gap hinders cloud security.

Statistic 146

Crypto-jacking incidents in cloud up 50% in 2023.

Statistic 147

85% of cloud configs are insecure out-of-the-box 2023.

Statistic 148

Data exfiltration via cloud most common attack vector 2023.

Statistic 149

44% increase in supply chain attacks targeting cloud 2023.

Statistic 150

Zero trust adoption in cloud at 24% maturity level 2023.

Statistic 151

68% of orgs use CASB for cloud security control 2023.

Statistic 152

AI-generated threats targeted cloud in 29% of attacks 2023.

Statistic 153

56% of cloud incidents from human error 2023.

Statistic 154

Serverless functions have 3x more vulnerabilities than containers 2023.

1/154

Sources

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Forget flying cars—the real revolution is happening unseen, as businesses now run on digital clouds that have exploded into a market worth nearly $600 billion, a figure set to quadruple by 2030 as virtually every enterprise adopts this transformative technology.

Key Takeaways

The global cloud computing market size was valued at USD 570.52 billion in 2022 and is expected to grow to USD 2,390.18 billion by 2030, registering a CAGR of 19.5% during the forecast period.
Public cloud spending worldwide reached $490 billion in 2022, with a year-over-year growth of 21.1%.
The cloud infrastructure services market is forecasted to hit $149 billion in 2023, up 23% from 2022.
94% of enterprises are using cloud computing in some capacity as of 2023.
92% of companies worldwide have a multi-cloud strategy in place in 2023.
89% of organizations have adopted a hybrid cloud strategy according to 2023 surveys.
Global public cloud spending by enterprises hit $474 billion in 2022.
Average enterprise cloud spend increased 21% YoY to $6.2 million in 2023.
Worldwide IaaS spending reached $91.30 billion in 2022, 29.1% growth.
82% of breaches involved cloud-stored data in 2023.
Average cost of a cloud data breach reached $4.45 million in 2023.
45% of cloud security failures due to customer misconfigurations in 2023.
Global spending on edge security to reach $18.7 billion by 2027.
Quantum computing integration with cloud expected by 40% of enterprises by 2025.
AI in cloud market to grow to $126 billion by 2027, CAGR 22.6%.

Cloud computing adoption continues to accelerate with massive and sustained growth.

Adoption Rates

94% of enterprises are using cloud computing in some capacity as of 2023.
92% of companies worldwide have a multi-cloud strategy in place in 2023.
89% of organizations have adopted a hybrid cloud strategy according to 2023 surveys.
Cloud adoption rate among enterprises reached 95% globally in 2022.
81% of enterprises have a cloud-first strategy as their primary approach in 2023.
69% of business leaders say cloud computing is key to business success in 2023.
96% of respondents in a 2023 survey use cloud services for mission-critical workloads.
Cloud adoption in SMBs increased to 88% in 2023 from 76% in 2020.
76% of organizations are using or planning to use container technologies in cloud in 2023.
85% of enterprises experienced a cloud security incident in the past year as of 2023.
Global cloud adoption for AI/ML workloads reached 58% among enterprises in 2023.
67% of digital transformation initiatives involve cloud migration in 2023.
91% of CISOs expect cloud sprawl to increase in the next 12 months in 2023 survey.
Adoption of serverless computing among developers hit 50% in 2023.
74% of enterprises use public cloud, 58% private, 68% hybrid in 2023.
Cloud-native technologies adopted by 55% of organizations in production in 2023.
83% of workloads will be processed in cloud data centers by 2025, up from 41% in 2020.
60% of enterprises have fully migrated to cloud for non-mission-critical apps in 2023.
Kubernetes adoption in enterprises reached 96% awareness, 66% usage in 2023.
70% of companies report faster time-to-market using cloud services in 2023.
FinOps practices adopted by 65% of cloud users in 2023.
82% of EU enterprises used cloud computing in 2022, up from 29% in 2014.
45% of enterprises use cloud for big data analytics in 2023.
Public cloud adoption for development/testing at 87% among enterprises in 2023.
56% of organizations use cloud for disaster recovery in 2023.
IoT cloud adoption rate stands at 62% globally in 2023.
78% of enterprises plan to increase cloud spend in 2024.
41% of workloads are cloud-hosted as of 2023.

Adoption Rates Interpretation

The statistics reveal a universal corporate rush to the cloud, but with the sobering asterisk that everyone is now frantically trying to manage and secure a sprawling digital ecosystem they've become utterly dependent on.

Financial Spending

Global public cloud spending by enterprises hit $474 billion in 2022.
Average enterprise cloud spend increased 21% YoY to $6.2 million in 2023.
Worldwide IaaS spending reached $91.30 billion in 2022, 29.1% growth.
Cloud services spending forecast to total $1.4 trillion cumulatively from 2023-2027.
PaaS revenue worldwide grew to $37.5 billion in 2022, up 24%.
SaaS market revenue expected to reach $232.9 billion in 2024.
Enterprises overspent on cloud by 32% due to waste in 2023.
Global cloud infrastructure services spend Q1 2023 was $69.2 billion, up 23% YoY.
AWS revenue from cloud services was $80.1 billion in 2022.
Microsoft Azure annual revenue exceeded $50 billion run rate in 2023.
Google Cloud revenue hit $26.3 billion in 2022, up 28%.
Cloud cost optimization tools market to reach $23.5 billion by 2030.
30% of cloud spend is wasted on average across enterprises in 2023.
FinOps adoption correlates with 25% reduction in cloud costs.
Global enterprise spending on public cloud apps projected at $186 billion in 2023.
Cloud database services spending grew 32% to $12.6 billion in 2022.
System infrastructure software spending in cloud hit $9.7 billion in Q4 2022.
Average monthly cloud bill for enterprises is $1.5 million in 2023.
Cloud migration services market valued at $12.8 billion in 2022, to $35.5 billion by 2030.
52% of organizations report cloud costs exceeding budgets in 2023.
PaaS spending forecast to double to $74 billion by 2025.
Cloud backup and recovery market to reach $19.8 billion by 2028.
Enterprises allocate 41% of IT budgets to cloud in 2023.
Multi-cloud spend represents 89% of enterprise cloud budgets in 2023.
Cloud security spending to reach $21.2 billion in 2024.
IaaS spending by telecom sector $15.7 billion in 2022.
96% of cloud cost is infrastructure-related in enterprises 2023.
Global cloud management platform market $13.6 billion in 2023.
Enterprises saw 24% YoY increase in cloud bills in 2022.
74% of companies increased cloud budgets by over 30% in 2023.

Financial Spending Interpretation

The cloud is now an expensive but indispensable utility, where astonishing growth is perfectly matched by our astonishing talent for paying far too much for it.

Innovations and Future Trends

Global spending on edge security to reach $18.7 billion by 2027.
Quantum computing integration with cloud expected by 40% of enterprises by 2025.
AI in cloud market to grow to $126 billion by 2027, CAGR 22.6%.
75% of enterprise data will be created/processed outside data centers by 2025.
Serverless architecture adoption to reach 70% by 2025.
Green cloud computing market to hit $54.7 billion by 2030, CAGR 22.2%.
95% of new digital workloads will be deployed on cloud-native platforms by 2025.
Kubernetes to orchestrate 95% of container deployments by 2025.
Edge computing market to reach $250 billion by 2030.
Cloud metaverse market projected at $126.18 billion by 2030, CAGR 41.5%.
60% of infrastructure will be SaaS-based by 2025.
Blockchain as a service (BaaS) market to $9.82 billion by 2028, CAGR 54%.
5G integration with cloud to drive $26 billion market by 2028.
Autonomous cloud operations via AIOps adopted by 50% by 2025.
Digital twins in cloud market $110 billion by 2028.
Cloud robotics market to $39.3 billion by 2030, CAGR 27.4%.
Composable cloud architectures to dominate 80% of enterprises by 2026.
Federated learning in cloud for privacy-preserving AI by 40% adoption 2025.
Sustainable cloud data centers to reduce emissions by 30% by 2030.
Neuromorphic computing in cloud emerging, market $21.3 billion by 2032.
Cloud for AR/VR market $51.7 billion by 2028.
Zero-ETCD Kubernetes for edge cloud in 35% deployments by 2025.
Confidential computing workload share to 30% by 2026.
Cloud-native CI/CD pipelines in 75% of dev teams by 2025.
WebAssembly (Wasm) in cloud production use 25% by 2024.
Predictive analytics in cloud ops reduces downtime 50%.
Hybrid edge-cloud for autonomous vehicles 60% by 2030.
Cloud-based genomic sequencing market $8.8 billion by 2030.
eBPF adoption for cloud observability 70% by 2025.
Spatial computing cloud market emerging at $800 billion by 2034.
OpenTelemetry standard in 55% cloud monitoring by 2025.

Innovations and Future Trends Interpretation

While the cloud is rapidly scattering intelligence to the very edges of our reality, it's also quietly stitching itself into an autonomous, sustainable, and eerily intelligent fabric of everything, proving the future isn't just overhead but is woven into the very atoms of our data.

Market Growth

The global cloud computing market size was valued at USD 570.52 billion in 2022 and is expected to grow to USD 2,390.18 billion by 2030, registering a CAGR of 19.5% during the forecast period.
Public cloud spending worldwide reached $490 billion in 2022, with a year-over-year growth of 21.1%.
The cloud infrastructure services market is forecasted to hit $149 billion in 2023, up 23% from 2022.
Worldwide end-user spending on public cloud services is projected to reach $591.8 billion in 2023, a 20.7% increase from 2022.
The global cloud computing market is anticipated to grow from $496.59 billion in 2023 to $1,266.39 billion by 2028 at a CAGR of 20.5%.
Cloud services market in Asia-Pacific is expected to grow at the highest CAGR of 22.1% from 2023 to 2030.
The SaaS segment dominated the cloud computing market with a share of over 40% in 2022.
Global hyperscale data center market size was valued at $52.47 billion in 2022 and is projected to reach $307.23 billion by 2032, growing at a CAGR of 20.8%.
Worldwide public cloud spending grew 26.4% in Q4 2022 to total $65.8 billion.
The cloud computing market in North America accounted for over 38% share in 2022.
Global cloud computing market revenue is expected to reach $832.1 billion by 2025.
Public cloud services market is projected to grow to $1.44 trillion by 2030 at a CAGR of 16.5%.
The edge computing market, integrated with cloud, is expected to reach $250.58 billion by 2030, CAGR 37.9%.
Cloud gaming market size was $3.47 billion in 2022, projected to $15.34 billion by 2030, CAGR 20.4%.
Worldwide IaaS market revenue reached $91.4 billion in 2022, up 29% YoY.
PaaS market is forecasted to grow from $121.09 billion in 2023 to $293.2 billion by 2030, CAGR 13.4%.
Global multi-cloud management market size was $6.2 billion in 2022, expected to reach $21.5 billion by 2030, CAGR 17%.
Cloud ERP market projected to grow from $42.8 billion in 2022 to $128.1 billion by 2030, CAGR 14.7%.
The serverless computing market is expected to reach $36.64 billion by 2028, CAGR 24.8% from 2021.
Hybrid cloud market size valued at $86.52 billion in 2022, projected to $235.86 billion by 2030, CAGR 13.4%.
Worldwide cloud spending reached $474 billion in 2021, growing 18%.
Cloud AI market expected to grow from $45.6 billion in 2022 to $126.3 billion by 2027, CAGR 22.6%.
Global cloud storage market size was $107.8 billion in 2022, to reach $376.37 billion by 2030, CAGR 17.5%.
Private cloud market projected to grow from $147.5 billion in 2023 to $424.1 billion by 2030, CAGR 16.3%.
Cloud matrix market (IaaS, PaaS, SaaS) expected to hit $1.55 trillion by 2030.
Worldwide public cloud services end-user spending totaled $298 billion in 2020, up 11%.
Cloud computing market in healthcare projected to grow at CAGR 19.6% to 2030.
Global cloud orchestration market size $12.1 billion in 2022, to $38.7 billion by 2027, CAGR 26.1%.
Fintech cloud market expected to reach $127.3 billion by 2030, CAGR 18.2%.
Worldwide end-user public cloud spending forecast at $679 billion in 2024, 20.4% growth.

Market Growth Interpretation

With enough collective cash on hand to literally purchase the entire planet Neptune, global businesses are feverishly racing skyward, proving that the cloud is no longer a fluffy buzzword but the bedrock of a $2.4-trillion, reality-altering industrial revolution.

Security and Compliance

82% of breaches involved cloud-stored data in 2023.
Average cost of a cloud data breach reached $4.45 million in 2023.
45% of cloud security failures due to customer misconfigurations in 2023.
88% of organizations experienced at least one cloud security incident in past year 2023.
Phishing is the top cloud threat, involved in 16% of incidents in 2023.
99% of cloud security failures are due to customer errors per 2023 study.
Ransomware attacks on cloud environments up 75% in 2022.
61% of organizations cite insider threats as top cloud risk in 2023.
Cloud misconfiguration vulnerabilities affected 20% of workloads in 2023.
80% of security pros say cloud complexity increases risk exposure.
Average time to identify cloud breach is 211 days in 2023.
51% of breaches involved compromised credentials in cloud 2023.
Multi-cloud environments have 50% higher breach risk per 2023 report.
39% of organizations lack visibility into all cloud assets in 2023.
DDoS attacks on cloud services increased 200% in 2022.
70% of enterprises non-compliant with cloud regs like GDPR in audits 2023.
Identity-based attacks rose 65% targeting cloud IAM in 2023.
25% of cloud breaches due to API vulnerabilities in 2023.
Shadow IT usage leads to 33% of cloud security incidents 2023.
Average cloud breach remediation cost $1.82 million per incident 2023.
92% of CISOs worried about AI in cloud security threats 2023.
Unsecured Kubernetes clusters exposed in 48% of scans 2023.
Compliance violations cost enterprises $14.82 million on average 2023.
67% of breaches exploited known vulnerabilities in cloud 2023.
Third-party cloud risks affected 55% of organizations 2023.
76% of security leaders say skills gap hinders cloud security.
Crypto-jacking incidents in cloud up 50% in 2023.
85% of cloud configs are insecure out-of-the-box 2023.
Data exfiltration via cloud most common attack vector 2023.
44% increase in supply chain attacks targeting cloud 2023.
Zero trust adoption in cloud at 24% maturity level 2023.
68% of orgs use CASB for cloud security control 2023.
AI-generated threats targeted cloud in 29% of attacks 2023.
56% of cloud incidents from human error 2023.
Serverless functions have 3x more vulnerabilities than containers 2023.

Security and Compliance Interpretation

The cloud may be someone else's computer, but it's clearly still your own mess when a $4.45 million data breach is often just a case of paying for your password being "password123."

Sources & References

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