GITNUX MARKETDATA REPORT 2024

Cloud Management Industry Statistics

The global cloud management industry is projected to reach a market value of $26 billion by 2025, with a compound annual growth rate (CAGR) of around 16%.

Statistic 1

"Amazon Web Services (AWS) commanded approximately 33% of the cloud market share in Q4 2020."

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Statistic 2

"Approximately 94% of companies use some type of cloud service."

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Statistic 3

"The Multi-cloud management market is expected to reach $6.1 billion by 2024."

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Statistic 4

"The market size of cloud services in 2020 was estimated at $371.4 billion."

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Statistic 5

"By 2025, the cloud computing market is projected to reach $832.1 billion."

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Statistic 6

"83% of workloads are expected to be in the cloud by the end of 2020."

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Statistic 7

"By 2021, IDC expects at least 60% of global GDP will be digitized, with growth in every industry driven by digitally enhanced offerings."

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Statistic 8

"30% of all IT budgets are allocated to cloud computing."

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Statistic 9

"94% of enterprises already use a cloud service."

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Statistic 10

"The cloud services market is dominated by a few big players including Google, Amazon and Microsoft who collectively hold over 50% of the market share."

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Statistic 11

"The use of public cloud Infrastructure as a Service (IaaS) continues to grow, with 41% of businesses planning to expand their spending on this service in 2021."

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Statistic 12

"61% of businesses feel that cloud integration is a significant IT pain point."

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Statistic 13

"90% of companies are on the cloud."

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Statistic 14

"Cloud spending exceeded $39 billion in Q1 2021, up 37% from Q1 2020."

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Statistic 15

"Companies that invest in big data and cloud, AI, and blockchain are expected to increase their revenue by an average of 12.5% until 2022."

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