The Latest Public Cloud Industry Statistics Explained
The SaaS segment is expected to grow to $122.6 billion in 2021.
The statistic “The SaaS segment is expected to grow to $122.6 billion in 2021” indicates the projected total market value of Software as a Service (SaaS) offerings for the year 2021. This suggests a substantial increase in the adoption and revenue generated by SaaS solutions, reflecting the continued trend of businesses shifting towards cloud-based software services. The growing demand for SaaS can be attributed to factors such as scalability, cost-effectiveness, and flexibility that appeal to organizations of all sizes and industries. The forecasted growth of the SaaS segment to $122.6 billion signifies significant opportunities for software providers in this market and underlines the ongoing digital transformation taking place across various sectors.
Asia Pacific is projected to grow at the highest CAGR of 20.1% from 2020 to 2027 in the public cloud market.
This statistic highlights the projected growth rate of the Asia Pacific region in the public cloud market from the years 2020 to 2027. The Compound Annual Growth Rate (CAGR) of 20.1% indicates the annual growth rate at which the market in this region is expected to expand over this time period. A CAGR of 20.1% suggests a rapid and significant growth trajectory, positioning Asia Pacific as one of the fastest-growing regions in the global public cloud market. This growth rate reflects the increasing adoption of cloud technologies, digital transformation initiatives, and the overall economic development and investment in cloud infrastructure within the Asia Pacific region during this period.
The public cloud market had a valuation of $233.4 billion by the end of 2019.
The statistic that the public cloud market had a valuation of $233.4 billion by the end of 2019 indicates the total value of services and products related to cloud computing that were bought and sold in the public cloud market during that year. This valuation represents the significant growth and adoption of cloud technologies by businesses and consumers alike, highlighting the increasing reliance on cloud services for data storage, software solutions, and infrastructure support. The figure signifies the substantial economic impact of the public cloud market on the global economy and showcases the continued expansion and relevance of cloud computing in today’s digital age.
The North American region generated the highest revenue of $80.2 billion in 2019 in the Public cloud market.
The statistic that the North American region generated the highest revenue of $80.2 billion in 2019 in the Public cloud market indicates that North America held a dominant position in terms of revenue generation in the global public cloud industry during that year. This data suggests that businesses and organizations in North America extensively adopted public cloud services and solutions, contributing significantly to the region’s economic activity. The high revenue figure also implies a strong demand for cloud computing services in North America, reflecting the region’s technological advancement and innovation in leveraging cloud technologies for various business operations and functions. Additionally, the statistic underscores the competitive landscape of the public cloud market, highlighting North America as a key player driving growth and development in the industry.
By 2025, nearly half (49%) of all corporate data is expected to be stored in the cloud.
The statistic that by 2025, nearly half (49%) of all corporate data is expected to be stored in the cloud signifies the growing trend of businesses transitioning towards cloud computing as a preferred method of data storage and management. This shift is driven by the advantages offered by cloud technology, such as scalability, cost efficiency, easy accessibility, and enhanced security features. By migrating data to the cloud, organizations can streamline their operations, improve collaboration among employees, and adapt more easily to changing business needs. The projected increase in cloud storage further highlights the importance of leveraging technology to stay competitive in the dynamic global marketplace, where data plays a crucial role in decision-making and strategic planning.
74% of Tech CFOs said that cloud services had the most measurable impact on their revenue in 2020.
The statistic stating that 74% of Tech CFOs believe that cloud services had the most measurable impact on their revenue in 2020 indicates that a significant majority of Chief Financial Officers in the technology industry credited the adoption or utilization of cloud services as having a direct and quantifiable influence on their company’s financial performance during that year. This suggests that Tech CFOs perceive cloud services as a strategic investment that has positively affected their revenue generation, likely through enhanced operational efficiency, cost savings, scalability, or improved decision-making capabilities. The high percentage of CFOs attributing revenue impacts to cloud services highlights the increasing importance and effectiveness of cloud technology in driving financial outcomes within the tech sector.
AWS generated approximately 59 billion U.S. dollars in net sales in 2022.
The statistic indicates that Amazon Web Services (AWS) generated an estimated 59 billion U.S. dollars in net sales in the year 2022. This figure reflects the revenue generated by AWS through their cloud computing services and solutions. The substantial amount underscores the significant market presence and success of AWS as a leading provider of cloud services globally. The revenue generated by AWS highlights the growing demand for cloud computing services and the company’s ability to capitalize on this trend to drive substantial sales and revenue.
By 2022, 28% of spending in key IT segments will shift to the cloud.
The statistic “By 2022, 28% of spending in key IT segments will shift to the cloud” refers to the anticipated trend of businesses and organizations transitioning a significant portion of their IT infrastructure and services from traditional on-premises systems to cloud-based solutions by the year 2022. This shift can include investments in cloud computing services such as software as a service (SaaS), infrastructure as a service (IaaS), and platform as a service (PaaS). The statistic indicates a substantial movement towards leveraging the scalability, flexibility, and cost-effectiveness of cloud technology in managing IT operations. This shift is driven by factors such as the need for digital transformation, increased agility in responding to market changes, and the benefits of accessing advanced technologies offered by cloud providers.
94% of enterprises already use a cloud service.
The statistic that 94% of enterprises already use a cloud service indicates a high adoption rate of cloud technology among businesses. This suggests that the majority of enterprises have recognized the benefits of cloud services, such as cost efficiency, scalability, and flexibility. Businesses are leveraging cloud services to enhance their operations, store and access data, and facilitate remote work capabilities. The widespread adoption of cloud technology highlights its importance in modern business strategies and signals a shift towards digital transformation and innovation in the corporate world.
30% of all IT budgets are allocated to cloud computing.
The statistic ‘30% of all IT budgets are allocated to cloud computing’ indicates that within the IT industry, a significant portion of financial resources is being directed towards cloud computing services and infrastructure. This suggests a growing trend towards leveraging cloud technology for storage, processing, and other IT operations. Companies are recognizing the benefits of cloud computing, such as scalability, cost-effectiveness, and flexibility, leading them to allocate a considerable percentage of their IT budgets to this innovative technology. This statistic highlights the importance of cloud computing in modern IT strategies and reflects its increasing adoption across various industries.
Cloud data center traffic will represent 95% of total data center traffic by 2021.
The statistic “Cloud data center traffic will represent 95% of total data center traffic by 2021” indicates the dominance and rapid growth of cloud computing services in the global data center landscape. This forecast suggests that by 2021, the majority of data traffic within data centers worldwide will be generated by cloud-based services and applications. This trend reflects the increasing adoption of cloud computing technologies by businesses and individuals due to benefits such as scalability, cost-efficiency, and flexibility. The statistic highlights the shift towards cloud-centric data processing and storage solutions and underscores the importance of cloud infrastructure in supporting the digital transformation of various industries.
IaaS is expected to reach $72.4 billion worldwide by 2020.
The statistic that Infrastructure as a Service (IaaS) is projected to reach $72.4 billion worldwide by 2020 indicates the significant growth and adoption of cloud computing services in the global market. IaaS enables organizations to outsource their infrastructure needs, such as servers, storage, and networking, to third-party providers, offering flexibility, scalability, and cost-effectiveness. The expected increase in spending on IaaS reflects the growing reliance on cloud solutions for businesses of all sizes to meet their IT requirements more efficiently and effectively. This statistic highlights the continuing trend towards cloud adoption and the potential for further expansion of IaaS services in the coming years.
By 2022, organizations will spend $60 billion on cloud-based data warehousing.
The statistic states that organizations are projected to invest a total of $60 billion in cloud-based data warehousing by the year 2022. This indicates a significant shift towards utilizing cloud technology for data storage and management purposes within businesses. Cloud-based data warehousing offers advantages such as scalability, flexibility, accessibility, and cost-effectiveness compared to traditional on-premise solutions. The substantial investment in this technology signals a growing recognition among organizations of the strategic importance of efficient data management in the digital age. This statistic underscores the increasing reliance on cloud infrastructure to support data-driven decision-making processes and business operations moving forward.
Total spending on IT infrastructure products for cloud environments is expected to reach $63.2 billion in 2021.
The statistic indicates that the total expenditure on information technology (IT) infrastructure products dedicated to cloud computing environments is projected to reach a substantial sum of $63.2 billion by the end of 2021. This demonstrates a significant investment by organizations in upgrading and expanding their IT infrastructure to support cloud-based technologies. The increasing adoption of cloud computing services, such as storage, computing power, and networking, is driving the demand for IT infrastructure products designed specifically for cloud environments. This investment reflects the importance that companies are placing on leveraging cloud technology to enhance their operations, scalability, and overall efficiency in today’s digital age.
The Chinese cloud market will reach $42 billion by 2023.
The statistic that the Chinese cloud market is projected to reach $42 billion by 2023 suggests a significant growth and expansion of the cloud computing industry in China. This forecast indicates a positive trend towards increased adoption of cloud services and technologies among businesses and consumers in the Chinese market. The growing demand for cloud infrastructure, software, and services is expected to drive substantial investments and revenue opportunities for companies operating in the cloud sector. The statistic also highlights the potential for further innovation and development within the Chinese cloud market, positioning it as a key player in the global technology landscape.
Google Cloud, with 9% of the cloud market, was the third-largest cloud services provider in 2021.
The statistic indicates that Google Cloud held a 9% market share in the cloud services industry in 2021, positioning it as the third-largest cloud services provider based on market share. This suggests that Google Cloud is a significant player in the competitive cloud services market, behind other leading providers. Market share is a key metric used to measure a company’s presence and success in an industry, reflecting both the company’s customer base and revenue generation compared to its competitors. Achieving a 9% market share demonstrates Google Cloud’s ability to attract and retain customers in a highly competitive landscape, highlighting its position as a major player in the cloud services sector.
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