GITNUX REPORT 2024

Global Cloud Industry Statistics: Explosive Growth Projected in Coming Years

Exploring the Explosive Growth and Impact of the Cloud Industry - Key Statistics Revealed!

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

94% of enterprises already use a cloud service

Statistic 2

61% of businesses migrated their workloads to the cloud in 2020

Statistic 3

90% of companies are on the cloud

Statistic 4

77% of enterprises have at least one application or a portion of their enterprise computing infrastructure in the cloud

Statistic 5

83% of enterprise workloads will be in the cloud by 2020

Statistic 6

66% of enterprises already have a central cloud team or cloud center of excellence

Statistic 7

57% of businesses plan to move more workloads to the cloud in the coming year

Statistic 8

70% of organizations have at least one application in the cloud

Statistic 9

67% of enterprise infrastructure is now cloud-based

Statistic 10

50% of organizations plan to move all their applications to the cloud within the next year

Statistic 11

70% of organizations have at least one application running in the cloud

Statistic 12

94% of enterprises use cloud services

Statistic 13

66% of enterprises already have a central cloud team or a cloud center of excellence

Statistic 14

87% of companies experience business acceleration from their use of cloud services

Statistic 15

70% of organizations have a cloud-first strategy for new application deployments

Statistic 16

85% of organizations are using standard or advanced cloud services

Statistic 17

73% of organizations have at least one application or a portion of their computing infrastructure in the cloud

Statistic 18

Cloud data centers will process 94% of workloads in 2021

Statistic 19

By 2025, over 100 zettabytes of data will be stored in the cloud

Statistic 20

The global cloud storage market is expected to grow at a CAGR of 24.3% from 2021 to 2028

Statistic 21

The global cloud storage gateway market size is expected to grow from $1.4 billion in 2020 to $4.4 billion by 2025

Statistic 22

The global cloud database market size is expected to grow from $12.0 billion in 2020 to $24.8 billion by 2025

Statistic 23

75% of all databases will be deployed or migrated to a cloud platform by 2022

Statistic 24

By 2025, 80% of enterprises will shut down their traditional data centers

Statistic 25

The global cloud backup market size is expected to grow from $1.2 billion in 2020 to $4.5 billion by 2025

Statistic 26

The average cloud budget is $2.2 million per year

Statistic 27

The average cost savings for organizations using cloud services is 15%

Statistic 28

58% of businesses spend more than $1.2 million on cloud services annually

Statistic 29

30% of all IT budgets are allocated to cloud computing

Statistic 30

Cloud infrastructure services spending increased 32% to $39.9 billion in Q2 2021

Statistic 31

68% of CIOs ranked migrating to the public cloud and/or expanding private cloud as their top IT spending driver in 2020

Statistic 32

The global cloud computing market size is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3%

Statistic 33

Public cloud services market is projected to reach $623.3 billion worldwide by 2023

Statistic 34

The public cloud services market is expected to reach $362.3 billion in 2022

Statistic 35

The global cloud computing market is expected to reach $832.1 billion by 2025

Statistic 36

The global cloud analytics market size is expected to grow from $23.2 billion in 2020 to $65.4 billion by 2025

Statistic 37

The global cloud migration services market is expected to reach $515.83 billion by 2027

Statistic 38

The global cloud computing market is expected to reach $623.3 billion by 2023

Statistic 39

The global cloud AI market size is expected to grow from $5.2 billion in 2020 to $13.1 billion by 2025

Statistic 40

The global cloud gaming market is expected to reach $7.24 billion by 2027

Statistic 41

The global cloud ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025

Statistic 42

The global cloud billing market size is expected to grow from $2.4 billion in 2020 to $6.5 billion by 2025

Statistic 43

The global cloud migration services market is expected to grow from $3.2 billion in 2019 to $9.5 billion by 2024

Statistic 44

The global cloud analytics market size is projected to grow from $23.2 billion in 2020 to $65.4 billion by 2025

Statistic 45

Amazon Web Services (AWS) holds 32% of the cloud infrastructure market share

Statistic 46

Microsoft Azure has a 20% market share in the cloud infrastructure market

Statistic 47

Google Cloud Platform (GCP) holds 7% of the cloud infrastructure market share

Statistic 48

The global cloud security market size is expected to grow from $34.5 billion in 2020 to $68.5 billion by 2025

Statistic 49

Cloud-based disaster recovery solutions can reduce downtime by up to 4 hours

Statistic 50

The global cloud security market size is projected to grow from $34.5 billion in 2020 to $68.5 billion by 2025

Statistic 51

The average cost of a data breach in the cloud is $3.86 million

Statistic 52

The average person uses 36 cloud-based services every day

Statistic 53

The average employee uses 36 cloud services at work

Statistic 54

Multi-cloud strategy is used by 92% of enterprises

Statistic 55

81% of organizations have a multi-cloud strategy

Statistic 56

The average enterprise uses 1,427 distinct cloud services

Statistic 57

The average company uses 1,935 unique cloud services

Statistic 58

93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy

Statistic 59

84% of enterprises have a multi-cloud strategy

Statistic 60

The average employee actively uses 36 cloud services at work

Statistic 61

The average company uses 1,427 cloud services

Statistic 62

By 2022, 60% of organizations will use an external service provider's cloud-managed service offering

Statistic 63

40% of organizations plan to prioritize containerization of applications for cloud migration

Statistic 64

90% of companies will use multi-cloud by 2022

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Summary

  • The global cloud computing market size is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3%
  • By 2025, over 100 zettabytes of data will be stored in the cloud
  • 94% of enterprises already use a cloud service
  • Public cloud services market is projected to reach $623.3 billion worldwide by 2023
  • The average person uses 36 cloud-based services every day
  • 61% of businesses migrated their workloads to the cloud in 2020
  • The global cloud storage market is expected to grow at a CAGR of 24.3% from 2021 to 2028
  • Amazon Web Services (AWS) holds 32% of the cloud infrastructure market share
  • Microsoft Azure has a 20% market share in the cloud infrastructure market
  • Google Cloud Platform (GCP) holds 7% of the cloud infrastructure market share
  • 90% of companies are on the cloud
  • The public cloud services market is expected to reach $362.3 billion in 2022
  • 77% of enterprises have at least one application or a portion of their enterprise computing infrastructure in the cloud
  • The average employee uses 36 cloud services at work
  • 83% of enterprise workloads will be in the cloud by 2020

Cloud industry statistics are on the rise faster than you can say data migration! From the explosive growth of the global cloud computing market - set to almost double by 2026 - to the mind-boggling amount of zettabytes taking up residence in the cloud, its clear that were living in the era of cloud-mania. With companies flocking to cloud services like seagulls to a French fry, and an average person juggling more cloud-based services daily than tasks on their to-do list, its safe to say that the skys the limit for cloud technology. So, grab your umbrella and get ready to weather the storm of cloud facts coming your way!

Adoption Rates

  • 94% of enterprises already use a cloud service
  • 61% of businesses migrated their workloads to the cloud in 2020
  • 90% of companies are on the cloud
  • 77% of enterprises have at least one application or a portion of their enterprise computing infrastructure in the cloud
  • 83% of enterprise workloads will be in the cloud by 2020
  • 66% of enterprises already have a central cloud team or cloud center of excellence
  • 57% of businesses plan to move more workloads to the cloud in the coming year
  • 70% of organizations have at least one application in the cloud
  • 67% of enterprise infrastructure is now cloud-based
  • 50% of organizations plan to move all their applications to the cloud within the next year
  • 70% of organizations have at least one application running in the cloud
  • 94% of enterprises use cloud services
  • 66% of enterprises already have a central cloud team or a cloud center of excellence
  • 87% of companies experience business acceleration from their use of cloud services
  • 70% of organizations have a cloud-first strategy for new application deployments
  • 85% of organizations are using standard or advanced cloud services
  • 73% of organizations have at least one application or a portion of their computing infrastructure in the cloud

Interpretation

The cloud industry statistics paint a clear picture: cloud computing has become the cornerstone of modern enterprise operations. With an overwhelming percentage of businesses already leveraging cloud services and a significant portion migrating their workloads to the cloud, it's evident that the sky's the limit for cloud adoption. As more organizations embrace a cloud-first strategy and experience the benefits of business acceleration, it's safe to say that the future is not just cloudy, but downright stormy with innovation and efficiency. In this era of digital transformation, those who haven't yet hopped on the cloud bandwagon might just find themselves left in a data dust storm.

Data Processing

  • Cloud data centers will process 94% of workloads in 2021

Interpretation

In a world where clouds aren't just fluffy white things in the sky, but also powerful data processing centers, it seems our digital lives are set to be governed by the whims of these virtual sky-high entities. With a whopping 94% of workloads slated to be handled by cloud data centers in 2021, it's clear that our future is as ethereal as it is efficient. So, brace yourself for a world where the forecast isn't just about rain or shine, but also about how much processing power those fluffy data clouds can muster.

Data Storage

  • By 2025, over 100 zettabytes of data will be stored in the cloud
  • The global cloud storage market is expected to grow at a CAGR of 24.3% from 2021 to 2028
  • The global cloud storage gateway market size is expected to grow from $1.4 billion in 2020 to $4.4 billion by 2025
  • The global cloud database market size is expected to grow from $12.0 billion in 2020 to $24.8 billion by 2025
  • 75% of all databases will be deployed or migrated to a cloud platform by 2022
  • By 2025, 80% of enterprises will shut down their traditional data centers
  • The global cloud backup market size is expected to grow from $1.2 billion in 2020 to $4.5 billion by 2025

Interpretation

The cloud industry is set to reach new heights, or rather, new bytes, as data storage in the cloud is projected to skyrocket to over 100 zettabytes by 2025. With a growth rate that surpasses a rollercoaster ride, the global cloud storage market is on a trajectory to success, leaving traditional data centers in the dust. As more databases make their way to the cloud, it seems the future of data storage is looking quite... fluffy. With enterprises racing to embrace the cloud, it won't be long before we bid adieu to the old-school data centers, making space for a digital revolution that promises to be as vast and expansive as the infinite sky above.

Financial Impact

  • The average cloud budget is $2.2 million per year
  • The average cost savings for organizations using cloud services is 15%
  • 58% of businesses spend more than $1.2 million on cloud services annually
  • 30% of all IT budgets are allocated to cloud computing
  • Cloud infrastructure services spending increased 32% to $39.9 billion in Q2 2021
  • 68% of CIOs ranked migrating to the public cloud and/or expanding private cloud as their top IT spending driver in 2020

Interpretation

In a world where the sky's the limit, it seems that when it comes to cloud industry statistics, the budget is no exception with an average of $2.2 million flying around per year. With organizations reaping the benefits of cloud services to the tune of 15% in cost savings, it's no surprise that a whopping 58% of businesses are shelling out over $1.2 million annually for their cloud fix. With 30% of IT budgets allocated to cloud computing, it's clear that the forecast is looking cloudy with a chance of growth, as spending on cloud infrastructure services soared by 32% to nearly $40 billion in the second quarter of 2021. As CIOs plot their course through the digital skies, it's evident that the winds of change are blowing towards migrating to the public cloud and expanding private cloud, with 68% ranking it as their top IT spending driver in 2020. In this cloud economy, it's clear that the sky's the limit, and the only way is up.

Market Growth

  • The global cloud computing market size is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3%
  • Public cloud services market is projected to reach $623.3 billion worldwide by 2023
  • The public cloud services market is expected to reach $362.3 billion in 2022
  • The global cloud computing market is expected to reach $832.1 billion by 2025
  • The global cloud analytics market size is expected to grow from $23.2 billion in 2020 to $65.4 billion by 2025
  • The global cloud migration services market is expected to reach $515.83 billion by 2027
  • The global cloud computing market is expected to reach $623.3 billion by 2023
  • The global cloud AI market size is expected to grow from $5.2 billion in 2020 to $13.1 billion by 2025
  • The global cloud gaming market is expected to reach $7.24 billion by 2027
  • The global cloud ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025
  • The global cloud billing market size is expected to grow from $2.4 billion in 2020 to $6.5 billion by 2025
  • The global cloud migration services market is expected to grow from $3.2 billion in 2019 to $9.5 billion by 2024
  • The global cloud analytics market size is projected to grow from $23.2 billion in 2020 to $65.4 billion by 2025

Interpretation

As the cloud computing market continues to swell at a rate that would make even marshmallows jealous, it's clear that we're not just talking about fluffy projections here. With figures soaring higher than a jet stream on a stormy day, it seems that businesses worldwide are investing heavily in the ethereal realm of digital storage and analytics. From the towering heights of public cloud services to the deep dives into cloud AI and gaming, the forecast is sunny with a chance of exponential growth. So, if you're not already riding this cloud wave, you might want to grab your metaphorical surfboard and hop on before you get left behind in a data tsunami of epic proportions.

Market Share

  • Amazon Web Services (AWS) holds 32% of the cloud infrastructure market share
  • Microsoft Azure has a 20% market share in the cloud infrastructure market
  • Google Cloud Platform (GCP) holds 7% of the cloud infrastructure market share

Interpretation

In the high-stakes game of cloud infrastructure, Amazon Web Services (AWS) wields its dominance like a battle-hardened titan, boasting a hefty 32% market share. Microsoft Azure, with its respectable 20% slice of the pie, stands as the valiant challenger, ready to spar for a greater share of the digital empyrean. Meanwhile, Google Cloud Platform (GCP), with its 7% market share, seems to hover on the fringe like a strategic underdog, quietly plotting its next move to disrupt the status quo. As the clouds continue to gather and collide in the vast expanse of the digital realm, it's clear that this competition is not just a clash of industry titans but a relentless pursuit of innovation, efficiency, and ultimately, the coveted crown of cloud supremacy.

Security

  • The global cloud security market size is expected to grow from $34.5 billion in 2020 to $68.5 billion by 2025
  • Cloud-based disaster recovery solutions can reduce downtime by up to 4 hours
  • The global cloud security market size is projected to grow from $34.5 billion in 2020 to $68.5 billion by 2025
  • The average cost of a data breach in the cloud is $3.86 million

Interpretation

In a world where the clouds above are no longer just fluffy white formations, but rather multi-billion dollar industries with serious consequences, the forecast shines bright for cloud security. As businesses continue to navigate the stormy seas of data breaches and downtime, the promise of reduced downtime by up to 4 hours through cloud-based disaster recovery solutions offers a ray of hope. Yet, the dark cloud looming over this silver lining remains the staggering average cost of a data breach in the cloud, a hefty price tag of $3.86 million. As the global cloud security market size skyrockets from $34.5 billion to $68.5 billion by 2025, one thing is clear - in the world of clouds, it's not always sunshine and rainbows.

Usage Patterns

  • The average person uses 36 cloud-based services every day
  • The average employee uses 36 cloud services at work
  • Multi-cloud strategy is used by 92% of enterprises
  • 81% of organizations have a multi-cloud strategy
  • The average enterprise uses 1,427 distinct cloud services
  • The average company uses 1,935 unique cloud services
  • 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy
  • 84% of enterprises have a multi-cloud strategy
  • The average employee actively uses 36 cloud services at work
  • The average company uses 1,427 cloud services
  • By 2022, 60% of organizations will use an external service provider's cloud-managed service offering
  • 40% of organizations plan to prioritize containerization of applications for cloud migration
  • 90% of companies will use multi-cloud by 2022

Interpretation

In a world where cloud services have taken over our work and personal lives with the stealth of a ninja, it seems the average person now juggles more cloud-based relationships than some of us do actual friendships. The statistics reveal a landscape where multi-cloud strategies are as common as coffee breaks, and enterprises are collecting cloud services like kids collect trading cards. With the number of distinct cloud services reaching heights that make even mathematicians break a sweat, it's clear that the cloud isn't just a passing phase—it's become an integral part of our digital existence, with organizations committing to a multi-cloud future like it's the latest trend in tech haute couture. So, as we brace ourselves for a world where containers and external service providers reign supreme, it's safe to say that the sky's the limit when it comes to cloud domination.

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