GITNUX MARKETDATA REPORT 2024

Must-Know Cloud Cost Savings Statistics [Current Data]

With sources from: 1 – cloudzero.com/blog/cloud-computing-statistics, 2 – superloop.com/blog/how-your-business-can-benefit-from-migrating-to-the-cloud-part-two, 3 – technologyadvice.com/blog/information-technology/4-ways-cloud-computing-can-save-money/, 4 – businessnewsdaily.com/4427-cloud-computing-small-business.html and many more

In this post, we present a collection of key statistics that highlight the significant cost-saving benefits and trends in cloud computing. From the impressive growth projections of the global cloud computing market to the percentage savings companies can achieve by harnessing cloud technology, these statistics underscore the financial advantages and opportunities that come with embracing cloud-based services.

Statistic 1

"The global cloud computing market is expected to exceed $1 trillion by 2028, with growth from $24.63 billion in 2010 to $156.4 billion in 2020."

Sources Icon

Statistic 2

"92% of companies are using cloud computing services, which is likely to continue due to the pandemic."

Sources Icon

Statistic 3

"The global cloud computing market is expected to exceed $1 trillion by 2028, with growth from $24.63 billion in 2010 to $156.4 billion in 2020."

Sources Icon

Statistic 4

"92% of companies are using cloud computing services, which is likely to continue due to the pandemic."

Sources Icon

Statistic 5

"Companies using cloud computing save 20% annually on infrastructure costs."

Sources Icon

Statistic 6

"25% of IT budgets will be allocated to cloud-based services in 2021."

Sources Icon

Statistic 7

"84% of businesses that adopt cloud reduced computing costs."

Sources Icon

Statistic 8

"Cloud data center workloads will grow from 41% in 2016 to 94% in 2021."

Sources Icon

Statistic 9

"Businesses can reduce energy consumption costs by 30-60% through cloud technology."

Sources Icon

Statistic 10

"Reducing in-house servers with cloud storage can save 40% on the cost of physical space."

Sources Icon

Statistic 11

"Hybrid cloud users save the cost of purchasing new hardware by 37%."

Sources Icon

Statistic 12

"Cloud-based systems can process data at up to 60% higher performance than the traditional data centers."

Sources Icon

Statistic 13

"49% of IT executives state that decreasing the time for business initiatives is the main advantage of cloud computing."

Sources Icon

Statistic 14

"By 2022, companies are expected to save $12.74 billion through utilizing public IaaS."

Sources Icon

Statistic 15

"80% of financial service firms report cost reduction as the primary benefit of adopting cloud services."

Sources Icon

Statistic 16

"Companies with 100 employees can save 15% on support costs by moving to a cloud-based system."

Sources Icon

Statistic 17

"The average cost-saving percentage among U.S. government organizations migrating to a cloud-based system is 24%."

Sources Icon

Interpretation

The statistics presented demonstrate the significant cost-saving benefits and efficiencies associated with cloud computing adoption. With the global cloud computing market projected to exceed $1 trillion by 2028 and 92% of companies already using cloud services, the trend towards cloud adoption is clear. These companies are saving on average 20% annually on infrastructure costs, with additional savings on energy consumption, physical space, hardware purchases, and support costs. Cloud-based systems also offer higher performance capabilities and faster data processing compared to traditional data centers, leading to increased productivity and reduced time for business initiatives. The statistics further highlight the wide-reaching impact of cloud computing, with financial service firms, government organizations, and businesses of varying sizes all reaping the benefits of cost reduction and operational efficiencies through cloud technology adoption.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!