Key Takeaways
- Worldwide public cloud services end-user spending reached $545.5 billion in 2023, growing 19.1% from 2022
- 94% of enterprises used cloud services in 2023, up from 89% in 2022 according to Flexera's State of the Cloud Report
- Cloud adoption among SMEs reached 91% globally in 2023, with 67% multi-cloud strategies, per Deloitte survey
- Global public cloud spending hit $597.6 billion in 2023, up 21% YoY per Gartner
- Enterprise cloud spend averaged $12.5 million per org in 2023, Flexera
- IaaS spending reached $91.4B in Q4 2023, 27% growth, Synergy Research
- AWS held 31% global cloud infrastructure market share in 2023, Synergy Research
- Microsoft Azure captured 25% of cloud infrastructure spend in Q4 2023, up 3 pts YoY, Synergy
- Google Cloud at 11% market share in 2023 cloud infra, Synergy Research Group
- Financial services AWS usage 34% provider share 2023, Flexera
- Healthcare Azure adoption 42% in hospitals 2023, HIMSS
- Retailers 65% use cloud for inventory mgmt, NRF 2023
- Public cloud end-user spending to reach $1.3 trillion by 2027, 21% CAGR from 2023, Gartner forecast
- Cloud infrastructure services to grow to $250B annually by 2027, 25% CAGR, Synergy Research
- AI/ML cloud spend projected $90B by 2026, 35% CAGR, IDC
Cloud usage is surging globally with most businesses now adopting it.
Adoption Rates
Adoption Rates Interpretation
Future Projections
Future Projections Interpretation
Industry Specific Usage
Industry Specific Usage Interpretation
Market Share
Market Share Interpretation
Spending Trends
Spending Trends Interpretation
Sources & References
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