GITNUX MARKETDATA REPORT 2024

Cloud Migration Industry Statistics

The cloud migration industry is expected to continue growing rapidly, with a projected annual growth rate of over 20% in the coming years.

Statistic 1

"91% of businesses worldwide use at least one cloud service."

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Statistic 2

"The total global cloud migration market size is expected to grow to $9.47 billion by 2022."

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Statistic 3

"As of 2020, AWS remains the leading public cloud service provider, commanding 32% of the market share."

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Statistic 4

"Approximately 20% of businesses are not satisfied after migrating to the cloud."

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Statistic 5

"24% of companies spend over $1.2 million on cloud services every year."

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Statistic 6

"50% of enterprises spend more on cloud migration than they had estimated."

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Statistic 7

"More than 90% of all companies use cloud services in one form or another."

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Statistic 8

"80% of companies saw improvements within their operations just 6 months of cloud migration."

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Statistic 9

"Microsoft Azure holds 20% of the market share in the cloud services industry as of 2020."

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Statistic 10

"Over half of IT spending will be cloud-based, reaching 60% of all IT infrastructure and 60-70% of all software, services, and technology spending by 2020."

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Statistic 11

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

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Statistic 12

"Nearly half of enterprise respondents (48 percent) reported spending more than $1.2 million on cloud services annually."

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Statistic 13

"83% of company workload will be stored on the cloud by 2020."

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Statistic 14

"SaaS solutions are expected to generate over half of all cloud revenue, reaching 59% by 2021."

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