Enterprise Cloud Storage Industry Statistics

In the following blog post, we will explore key statistics and insights shaping the enterprise cloud storage industry. From the staggering valuation of the global market to powerful trends influencing cloud adoption and data storage practices, these statistics shed light on the significant role cloud technology plays in modern business operations.

Statistic 1

"By 2026, the global enterprise cloud storage market is expected to attain a value of USD 92.49 billion."

Statistic 2

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

Statistic 3

"As of 2022, 75% of all cloud workloads and compute instances will be SaaS."

Statistic 4

"The largest cloud storage vendors are Amazon Web Services, Microsoft Azure, and Google Cloud, which collectively control more than 57% of the global cloud service market."

Statistic 5

"By 2025, an estimated 49% of the world's stored data will reside in public cloud environments."

Statistic 6

"More than half of companies (53%) spend more than $1.2 million on cloud services annually."

Statistic 7

"Approximately 85% of enterprises keep sensitive data in the cloud."

Statistic 8

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

Statistic 9

"Companies can cut energy use by up to 30% by using cloud computing."

Statistic 10

"66% of IT professionals cite security as their main concern when adopting cloud technology."

Statistic 11

"North America is expected to have the largest market share in the cloud storage market during 2020–2025."

Statistic 12

"By 2025, the data we create and copy annually will reach 175 zettabytes all over the world, with as much as 49% of that data stored in the cloud."

The enterprise cloud storage industry is experiencing rapid growth and transformation, with significant investments being made in cloud computing technologies. Key trends include the dominance of major players like Amazon Web Services, Microsoft Azure, and Google Cloud, the increasing adoption of SaaS solutions, and the shift of sensitive data to the cloud. Data shows that cloud computing offers not only cost savings but also environmental benefits by reducing energy usage. However, security concerns remain a primary focus for IT professionals, highlighting the importance of robust data protection measures. With North America leading the market share and a projected exponential increase in cloud-stored data, the industry is poised for continued expansion and innovation in the coming years to meet the evolving needs of enterprises worldwide.