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Global Cloud Computing Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

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Global Cloud Computing Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

  • ICT
  • Upcoming Report
  • Dec 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cloud Computing Market

Market Size in USD Billion

CAGR :  % Diagram

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Diagram Forecast Period
2025 –2032
Diagram Market Size (Base Year)
USD 557.66 Billion
Diagram Market Size (Forecast Year)
USD 1,705.89 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Microsoft
  • Oracle
  • IBM
  • Amazon Web Services
  • Google

Global Cloud Computing Market Segmentation, By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a service (SaaS)), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), Vertical (BFSI, Energy and Utilities, Government and Public Sector, Telecommunications, IT and ITeS, Retail and Consumer Goods, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, and Other Verticals) – Industry Trends and Forecast to 2032

Cloud Computing Market

Cloud Computing Market Analysis

Cloud computing market growth is driven by significant advancements in technology and methods, enabling organizations to enhance efficiency, scalability, and flexibility. One of the latest methods is edge computing, which brings cloud capabilities closer to the data source, reducing latency and improving real-time processing. This method is increasingly being used in industries such as healthcare, where real-time data analysis is critical. Another key technology is serverless computing, allowing businesses to run applications without managing servers, improving cost-efficiency and scaling. The integration of AI and machine learning with cloud platforms has also enhanced predictive analytics, automation, and data-driven decision-making.

The market has been growing rapidly due to the increasing demand for cloud storage, big data analytics, and SaaS (Software as a Service). Adoption by small to mid-sized businesses, enterprises, and startups for operational agility is a primary driver. Cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have expanded their offerings, enhancing global accessibility. This growth is fueled by , remote work trends, and an increasing reliance on cloud-based solutions across various sectors, from retail to finance.

Cloud Computing Market Size

The global cloud computing market size was valued at USD 557.66 billion in 2024 and is projected to reach USD 1,705.89 billion by 2032, with a CAGR of 15.00% during the forecast period of 2025 to 2032. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cloud Computing Market Trends

“Adoption of Hybrid Cloud Solutions”

One key trend driving growth in the cloud computing market is the increasing adoption of hybrid cloud solutions. Organizations are opting for a mix of on-premises, private, and public cloud services to optimize their IT infrastructure. This hybrid approach offers greater flexibility, scalability, and cost-efficiency while addressing concerns around security and compliance. For instance, companies such as Microsoft and Amazon Web Services (AWS) have developed advanced hybrid cloud platforms such as Azure Arc and AWS Outposts to enable seamless integration between on-premises and cloud environments. This trend is particularly popular in sectors such as healthcare and finance, where regulatory and security concerns are paramount, allowing businesses to leverage the benefits of both worlds.

Report Scope and Cloud Computing Market Segmentation   

Attributes

Cloud Computing Key Market Insights

Segments Covered

  • By Service Model: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a service (SaaS)
  • By Deployment Model: Public Cloud, Private Cloud, and Hybrid Cloud
  • By Organization Size: Large Enterprises and Small and Medium Enterprises
  • By Vertical: BFSI, Energy and Utilities, Government and Public Sector, Telecommunications, IT and ITeS, Retail and Consumer Goods, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, and Other Verticals

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Key Market Players

Oracle (U.S.), Adobe (U.S.), SAP SE (Germany), Cisco Systems, Inc. (U.S.), Teradata (U.S.), Wipro Limited (India), Open Text Corporation (Canada), Dell Inc. (U.S.), Micro Focus (U.K.), TIBCO Software Inc. (U.S.), Sisense Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Tableau Software (U.S.), Accenture (Ireland), InfoFaces, Inc. (U.S.), Alteryx, Inc. (U.S.), Couchbase (U.S.), Amdocs (U.S.), Huawei Technologies Co., Ltd. (China), MicroStrategy Incorporated (U.S.), and Nokia (Finland)

Market Opportunities

  • Increasing Adoption of Cloud Computing Small and Medium Enterprises (SMEs)
  • Artificial Intelligence and Machine Learning Integration

Value Added Data Infosets

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cloud Computing Market Definition

Cloud computing is a technology that allows users to access and store data, applications, and services over the internet, rather than on local servers or personal devices. It offers on-demand resources such as storage, processing power, and software via remote servers, providing flexibility, scalability, and cost efficiency. Major cloud service models include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing enables businesses and individuals to scale operations quickly, collaborate in real time, and reduce costs associated with maintaining physical infrastructure. Popular cloud providers include Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

Cloud Computing Market Dynamics

Drivers

  • Increasing Deployment of Private Cloud Computing

The growing adoption of private cloud computing is a major driver for the cloud market. Private cloud service offer businesses exclusive access to computing resources, hosted either on-premise or by a third-party provider, ensuring higher levels of security and control. This model is particularly appealing to industries with strict regulatory requirements, such as healthcare and finance. For instance, JPMorgan Chase uses private cloud infrastructure to enhance data security and comply with financial regulations while ensuring scalability and agility. The ability to customize the infrastructure and the added layer of privacy and data protection make private clouds a preferred choice for enterprises, thus accelerating market growth.

  • Increasing Concern Regarding Data Security and Privacy

As data security and privacy concerns rise, businesses are prioritizing secure data storage and transmission. With around 60% of business-sensitive data stored insecurely, organizations are seeking reliable security solutions. Cloud vendors such as Microsoft, Google, and Amazon provide robust security features such as authorization management, encryption, and monitoring, addressing these concerns. They also ensure 99.9% uptime, reducing the need for businesses to maintain costly recovery and backup infrastructures. These services, combined with advanced threat detection and compliance measures, drive the growth of the cloud computing market by offering organizations peace of mind regarding data protection, thus making cloud services a preferred choice for enterprises.

Opportunities

  • Increasing Adoption of Cloud Computing Small and Medium Enterprises (SMEs)

The growing adoption of cloud computing by small and medium enterprises (SMEs) is creating a significant opportunity in the global market. SMEs, traditionally hindered by limited budgets, are increasingly turning to cloud-based solutions to enhance productivity and reduce operating costs. Cloud services enable them to access advanced tools, improve business processes, and scale operations without heavy investments in physical IT infrastructure. For instance, platforms such as Microsoft Azure and Amazon Web Services (AWS) offer SMEs affordable, scalable, and secure cloud solutions, allowing them to compete with larger enterprises. As more SMEs embrace these technologies, the demand for cloud computing solutions is expected to surge, driving market growth.

  • Artificial Intelligence and Machine Learning Integration

The integration of AI and machine learning into cloud platforms has created significant opportunities in the cloud computing market. Businesses can now access powerful AI tools without the need to invest in expensive hardware or specialized infrastructure. For instance, companies such as Amazon Web Services (AWS) offer AI-powered services such as Amazon SageMaker, enabling organizations to build, train, and deploy machine learning models at scale. This accessibility fosters innovation across various industries, from retail to healthcare, where businesses can enhance customer experiences, optimize supply chains, and automate processes. As a result, companies of all sizes are leveraging cloud-based AI and ML tools, driving market growth and transformation.

Restraints/Challenges

  • Data Security and Privacy Concerns

Data security and privacy concerns pose significant challenges for the cloud computing market. As businesses migrate sensitive data to the cloud, the risk of data breaches and unauthorized access intensifies. The potential for cyberattacks, such as ransomware and phishing, increases as more data is stored in centralized cloud environments. Moreover, compliance with stringent regulations, such as the GDPR, adds complexity to cloud adoption. Organizations must ensure that cloud service providers adhere to robust security protocols to protect personal and confidential information. These heightened security concerns, combined with the complexity of regulatory requirements, create barriers to the widespread adoption of cloud computing solutions.

  • Integration with Legacy Systems

Integration with legacy systems is a significant challenge hindering the growth of the cloud computing market. Many businesses continue to rely on outdated IT infrastructure, which is often incompatible with modern cloud solutions. The complexity of bridging these gaps leads to inefficiencies, as companies must invest in custom solutions, additional middleware, or manual processes to connect legacy systems with cloud environments. These efforts incur high costs in terms of time, resources, and ongoing maintenance. Furthermore, the inability to seamlessly integrate cloud services with existing infrastructure can result in operational disruptions, reducing overall productivity and hindering the potential benefits of cloud adoption for businesses.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Cloud Computing Market Scope

The market is segmented on the basis of analytics type, component, application, organization size, and deployment models. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Model

  • Infrastructure as a Service (IaaS)
    • Primary storage
    • Disaster Recovery and Backup
    • Archiving
    • Compute
  • Platform as a Service (PaaS)
    • Application Development and platforms
    • Application Testing and Quality
    • Analytics and Reporting
    • Data Management
  • Software as a service (SaaS)

 Deployment Model

 Organization Size

  • Large Enterprises
  • Small and Medium Enterprises

 Vertical

  • BFSI
  • Energy and Utilities
  • Government and Public Sector
  • Telecommunications
  • IT and ITeS
  • Retail and Consumer Goods
  • Manufacturing
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Other Verticals

Cloud Computing Market Regional Analysis

The market is analyzed and market size insights and trends are provided by analytics type, component, application, organization size, and deployment models as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the cloud computing market due to its strong presence of leading vendors and rapid adoption of cloud technologies. The region's robust infrastructure, technological advancements, and growing demand for scalable, cost-effective solutions across industries contribute to its leading position in terms of revenue and market share.

Asia-Pacific is expected to show significant growth in the cloud computing market during the forecast period, driven by the rapid expansion of India and China. The presence of key market players in this region, along with increasing digital transformation, is fueling demand for cloud services, making it a hub for cloud adoption and innovation.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Cloud Computing Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Cloud Computing Market Leaders Operating in the Market Are:

  • Microsoft (U.S.)
  • Orcale (U.S.)
  • IBM (U.S.)
  • Amazon Web Services, Inc. (U.S.)
  • Google (U.S.)
  • Intel Corporation (U.S.)
  • Salesforce, Inc. (U.S.)
  • Fujitsu (Japan)
  • Akamai Technologies (U.S.)
  • Edgio (U.S.)
  • AWS (U.S.)
  • AT&T (U.S.)
  • Cloudflare, Inc. (U.S.)
  • Lumen Technologies (U.S.)
  • Deutsche Telekom AG (Germany)
  • Fastly Inc, (U.S.)
  • Citrix Systems, Inc. (U.S.)
  • NTT Communications Corporation (Japan)
  • RACKSPACE TECHNOLOGY (U.S.)

Latest Developments in Cloud Computing Market

  • In October 2023, BT and Google Cloud formed a strategic partnership focused on enhancing cybersecurity innovation. As part of the collaboration, BT became a managed services delivery partner for Google’s Autonomic Security Operations (ASO), utilizing Google Chronicle to enhance security capabilities and provide advanced cybersecurity solutions for enterprise clients
  • In August 2023, Microsoft launched Microsoft Studio for enterprises, designed to accelerate the AI and cloud transformation. By combining Microsoft’s computing and AI technologies with Globant’s expertise, the new studio aims to help enterprises innovate and build scalable AI-driven solutions, enhancing efficiency and driving digital transformation across industries
  • In June 2023, IBM acquired Agyla SAS, a leading French cloud services provider, to bolster its consulting offerings and expand localized cloud expertise in France. This acquisition strengthens IBM’s hybrid multi-cloud portfolio, enhancing its ability to meet the growing demand for cloud and AI solutions while supporting businesses in the French market
  • In May 2023, Amazon Web Services (AWS) announced a USD 12.7 billion investment in India by 2030 to meet the nation’s increasing demand for cloud services. The investment aims to build new data centers, creating thousands of job opportunities, and support digital transformation for businesses, reinforcing AWS’s commitment to India’s growing cloud market
  • In May 2023, IBM introduced IBM Hybrid Cloud Mesh, a Software-as-a-Service (SaaS) platform that enables businesses to manage hybrid multi-cloud environments. The platform offers application-centric connectivity to simplify management, automate processes, and enhance visibility, helping enterprises maintain seamless connectivity across public and private clouds, and manage infrastructure in complex cloud setups
  • In January 2023, Alibaba Cloud launched the Apsara Developer Community, a hub to support global developers with a broad range of tools and services. The initiative aims to strengthen the developer ecosystem, promote innovation, and contribute to the growth of the digital economy by providing resources to developers across various global markets, driving digital advancement

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Segmentation, By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a service (SaaS)), Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), Vertical (BFSI, Energy and Utilities, Government and Public Sector, Telecommunications, IT and ITeS, Retail and Consumer Goods, Manufacturing, Media and Entertainment, Healthcare and Life Sciences, and Other Verticals) – Industry Trends and Forecast to 2032 .
The Global Cloud Computing Market size was valued at USD 557.66 USD Billion in 2024.
The Global Cloud Computing Market is projected to grow at a CAGR of 15% during the forecast period of 2025 to 2032.
The major players operating in the market include Microsoft, Oracle, IBM, Amazon Web Services, Google, Intel Corporation, Salesforce, Fujitsu, Akamai Technologies, Edgio, AWS, AT&T, Cloudflare, Lumen Technologies, Deutsche Telekom AG, Fastly , Citrix Systems, NTT Communications Corporation, RACKSPACE TECHNOLOGY.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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