Public cloud end user spending is projected to reach 1 trillion dollars. Cloud services are forecast to account for 45 percent of total IT spending. Data center electricity demand is expected to more than double while wasted spend still runs at 20 to 30 percent of cloud budgets.
Key Takeaways
- Worldwide public cloud end-user spending is forecast to total $1 trillion in 2028
- Global cloud computing market revenue reached $495.3 billion in 2022
- The PaaS market is forecast to reach $101.7 billion worldwide in 2025
- The IEA expects global data center electricity demand to more than double from 2022 to 2026
- By 2026, 85% of organizations will have adopted a cloud security posture management (CSPM) platform or equivalent
- 35% of organizations say Kubernetes is running in production
- Google Cloud reported a 10% share of the cloud infrastructure services market in 2023 (share)
- 99.99% availability is advertised for AWS services in many cases (typical enterprise SLA tier)
- In a benchmark study, autoscaling reduced cloud compute costs by up to 30% (reported result)
- A Gartner survey found that 25% of organizations are already using cloud cost management tools for chargeback/showback
- Spend on cloud FinOps software is forecast to reach $5.2 billion in 2024
- Optimizing cloud resources can reduce cloud infrastructure costs by 30% (reported industry estimate)
Cloud adoption keeps accelerating through 2028 while cost optimization and security posture tools become essential.
Related reading
01 · Category
Market Size6 stats
01
Worldwide public cloud end-user spending is forecast to total $1 trillion in 2028
02
Global cloud computing market revenue reached $495.3 billion in 2022
03
The PaaS market is forecast to reach $101.7 billion worldwide in 2025
04
Cloud services account for 45% of total IT spending in 2025 (forecast)
05
IDC estimated that public cloud services accounted for 14% of total global IT spending in 2023
06
Global enterprise spending on cloud services reached $1.0 trillion in 2024 (forecast by IDC)
Interpretation
Market Size Interpretation
For the market size angle, cloud is set to become the dominant spending category with worldwide public cloud end user spending projected to reach $1 trillion in 2028 and IDC estimating public cloud services will account for 14% of total global IT spending in 2023.
02 · Category
Industry Trends5 stats
01
The IEA expects global data center electricity demand to more than double from 2022 to 2026
02
By 2026, 85% of organizations will have adopted a cloud security posture management (CSPM) platform or equivalent
03
35% of organizations say Kubernetes is running in production
04
The number of security incidents involving cloud services increased by 20% in 2024 compared with 2023 (cloud threat report figure)
05
CISA reported 2,700+ vulnerabilities in 2023 that were associated with internet-facing systems, with cloud commonly impacted (count of vulnerabilities)
Interpretation
Industry Trends Interpretation
Under the Industry Trends angle, cloud is rapidly expanding and becoming harder to secure, with global data center electricity demand projected to more than double by 2026 and cloud-related security incidents rising 20% in 2024 over 2023.
More related reading
03 · Category
Performance Metrics6 stats
01
Google Cloud reported a 10% share of the cloud infrastructure services market in 2023 (share)
02
99.99% availability is advertised for AWS services in many cases (typical enterprise SLA tier)
03
In a benchmark study, autoscaling reduced cloud compute costs by up to 30% (reported result)
04
In the IBM 2024 Cost of a Data Breach report, time to contain averaged 83 days
05
99.95% uptime was delivered by Microsoft Azure Availability Zones combined for selected services in 2024 (SLA-like availability figure for zones/services)
06
99.99% uptime is stated in Alibaba Cloud SLA terms for Elastic Compute Service (ECS) in most regions (advertised SLA)
Interpretation
Performance Metrics Interpretation
Across major providers, availability targets cluster tightly around 99.95% to 99.99% while performance optimization like autoscaling can cut cloud compute costs by up to 30%, showing that performance metrics are increasingly defined by both near constant uptime and measurable efficiency gains.
04 · Category
Cost Analysis12 stats
01
A Gartner survey found that 25% of organizations are already using cloud cost management tools for chargeback/showback
02
Spend on cloud FinOps software is forecast to reach $5.2 billion in 2024
03
Optimizing cloud resources can reduce cloud infrastructure costs by 30% (reported industry estimate)
04
The average cost of public cloud storage is 0.023 per GB-month for Standard storage tier (illustrative rate in provider documentation)
05
Google BigQuery on-demand pricing: $5per TB queried (US on-demand pricing, published rate)
06
Amazon S3 Standard storage pricing includes $0.023per GB-month in some AWS regions (published rate)
07
Azure Blob Storage hot tier includes pricing of $0.0184per GB-month in the US East region (published rate)
08
Wasted cloud spend: 20%–30% of cloud spend is estimated to be waste by industry analysts (reported range)
09
Cloud infrastructure prices are decreasing over time; for example, public cloud instance pricing has fallen year-over-year in multiple providers (CAGR trend reported by IDC)
10
44% of organizations reported having a dedicated FinOps function or team by 2024 (share of respondents)
11
$4.9 billion was spent on cloud cost management software in 2024 (estimated market spend)
12
18% year-over-year reduction in cloud infrastructure unit costs was reported for 2023 in an analysis of hyperscaler pricing (YoY unit-cost change)
Interpretation
Cost Analysis Interpretation
Cost Analysis shows cloud leaders are investing heavily in FinOps tools, with spend reaching $4.9 billion in 2024 and $5.2 billion forecast for 2024, as optimization can cut infrastructure costs by about 30% and wasted spend still runs at 20% to 30%.
Reference
Cite This Report
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APA
Diana Reeves. (2026, February 13). Cloud Statistics. Gitnux. https://gitnux.org/cloud-statistics
MLA
Diana Reeves. "Cloud Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/cloud-statistics.
Chicago
Diana Reeves. 2026. "Cloud Statistics." Gitnux. https://gitnux.org/cloud-statistics.
Sources & references
29 datasets cited across this report · attribution is report-level
aws.amazon.com+13 additional datasets cited (not shown individually)