Cloud computing is everywhere. It enables apps we use for work, like Slack, G Suite, and Trello, as well as platforms we use to relax like streaming services. So it’s not strange to see the cloud computing market growing to more than half a trillion in 2022—we’re already used to it being there. But what’s going on underneath, and how are organizations tackling security and adoption issues? We found the latest cloud computing statistics to find out!
Let’s start!
Top 10 Cloud Computing Statistics and Facts for 2023
The global cloud computing market size in 2022 is estimated at $545.8 billion.
Cloud computing growth statistics put the CAGR of the market at 17.9% until 2027.
The global PaaS spending is estimated at over $30 billion in 2022.
The global SaaS market is expected to reach 700 billion by 2030.
North America has the highest cloud computing revenue share at 40%.
Amazon’s market share in the cloud computing ecosystem is 32% in Q3 2022.
In 2022, over 60% of all corporate data is stored in the cloud.
Only 20% of cloud-using organizations don’t store any sensitive data in the cloud.
45% of businesses had a cloud-related data breach or failed audit in the past year.
40% or all workloads will be executed in CIPS by 2023.
Essential Cloud Computing Statistics
The global cloud computing market size in 2022 is estimated at $545.8 billion.
The demand for cloud computing has accelerated due to the increase in remote work, digital events, increased automation, and the need to improve efficiency in organizations. Moreover, governments are increasingly using cloud infrastructure as the need for on-demand access to government services and information rises.
(Markets and Markets)
Cloud computing growth statistics put the CAGR of the market at 17.9% until 2027.
The cloud computing market is forecasted to reach $1.24 trillion by the end of the period. Other statistics confirm that even in the middle of a general downturn in the global economy, cloud computing remains relatively stable as investments continue, albeit at a slower pace.
(Markets and Markets)
The global PaaS spending is estimated at over $30 billion in 2022.
PaaS enables organizations to access IT platforms over the cloud, making software development, design, testing, and database integration (among other things) easier for IT experts. According to projections, the largest segment of Platform as a Service is Database, with a share of $12.1 billion in revenue.
(Statista)
The global SaaS market is expected to exceed $700 billion by 2030.
SaaS is the most ubiquitous cloud application service, enabling enterprises and individuals to access software like ecommerce, CRM, and supply chain management through the cloud. It’s projected to grow at a CAGR of 18.82%between 2021 and 2030.
(PRNewswire)
The global spending on cloud infrastructure services grew by 28% y-o-y in Q3 2022.
Looking at the growth of cloud computing in stats without context, it appears like the industry is not suffering any consequences related to global economic instability. In Q3, cloud computing investments reached $63.1 billion, compared to $49.3 billion in Q3 2021. However, Canalys emphasizes that this is the slowest growth rate so far, jarring compared to the lightning-fast growth cloud computing adoption had experienced until Q3 this year.
(Canalys)
Cloud Computing Market Share: The Latest Figures
Amazon’s market share in the cloud computing ecosystem is 32% in Q3 2022.
Amazon Web Services had the highest share of the global expenditure on cloud computing infrastructure in Q3 2022. The market research group Canalys estimates AWS grew by 27% on a yearly basis.
(Canalys)
Microsoft Azure controlled 22% of the cloud computing market in Q3 2022.
The cloud infrastructure provider grew 35% compared to last year, with the figures showing Microsoft Azure is stable as usual. The company maintained stability and growth due to its successful contract renewal strategy and growth in consumption-based businesses.
(Canalys, Yahoo)
With 9% of the market, Google Cloud is the third-largest cloud computing player.
Cloud computing stats show Google Cloud increased its business by 48% compared to the same quarter 2021. Apart from its success at the consumer level in Q3, Google Cloud further expanded its business in the government and public sector.
(Canalys)
North America has the highest cloud computing revenue share by region, at 40% in 2021.
Being the home base of the largest cloud computing providers, such as Amazon, Oracle, and IBM, North America is the region bringing in the highest revenue in the world. Moreover, companies in North America are more likely to be early adopters of tech, cementing the region’s role in the cloud computing ecosystem. North America is followed by the Asia Pacific region, which was the fastest-growing region in 2021.
(Grandview Research)
Cloud Adoption Trends and Statistics
94% of companies in the US use at least one type of cloud service in 2022.
The majority of these companies use hybrid or multicloud services, with the goal being modernization, reducing costs, increasing security and enabling smoother, faster, on-demand hybrid work environments.
(Forrester)
61% of IT professionals stated reducing costs was their primary cloud adoption goal.
As the cloud improves cost-efficiency by enabling on-demand services and access to data (saving time in enterprises, especially with the increase in remote work), most IT professionals named reducing costs as their primary goal. On the other hand, the cost of moving to the cloud entirely has slowed down adoption for 35% of respondents.
(Netwrix)
53% of IT professionals name security as their primary reason for cloud adoption.
Statistics about cloud computing show the second most important goal, at 53%, was increasing cybersecurity. And it’s not surprising—given that the cost of a security breach is often measured in millions.
(Netwrix)
Integration with existing IT environments is the biggest obstacle to cloud adoption for 41% of respondents.
When it comes to the move to cloud computing, stats show sector plays a significant role in cloud adoption drivers and obstacles. Industries with above average percentages for IT integration issues were healthcare with 59% and education with 44%.
(Netwrix)
Providing infrastructure for remote workers is the strongest cloud adoption driver for the manufacturing industry.
Using cloud infrastructure to improve remote work is one of the top trends in cloud computing. Still, all these trends vary by industry. While providing remote work infrastructure was the third most important goal overall, it was the number one goal in the manufacturing industry with 57%, compared to the average of 35%.
(Netwrix)
In 2022, over 60% of all corporate data is stored in the cloud.
Cloud storage statistics show more and more data is stored in the cloud. Compared to 2015, when the share of data in the cloud was 30%, more companies are investing in cloud services every year to improve their services, security, and to reduce costs.
(Statista)
Cloud Computing Security Statistics
49% of IT professionals said their cloud security budget increased in 2022.
Stats on cloud computing show that organizations are increasing their spending on cybersecurity. Also, it’s good to know that 99% of them also said their organization conducts or will conduct employee training to improve security.
(Netwrix)
Only 20% of cloud-using organizations don’t store any sensitive data in the cloud.
One of the most concerning facts about cloud computing is that 80% of organizations use the cloud to store sensitive data. The most common types of stored sensitive information are private identifiable information of customers and employees. Other types include corporate financial data, intellectual property, trade secrets, and patient data in healthcare organizations.
(Netwrix)
45% of businesses had a cloud-related data breach or failed audit in the past year.
When it comes to confidentiality breach in cloud computing, statistics show an increase of 10% compared to 2021. 49% of IT professionals said cyber attacks on the cloud resulted in unplanned expenses, while only 28% said so in 2020.
(Thales, Netwrix)
At 59%, encryption was the most common approach to protecting sensitive data in the cloud.
There are two takeaway cloud computing facts here: one, encryption and tokenization do help and 40% of IT specialists said these practices prevented them from needing to go through the data breach notification process. Two, and this is not very encouraging: only 11% said more than 80% of the data is protected by encryption.
(Thales)
In 2021, the average number of SaaS apps used in organizations was 110.
Cloud usage statistics show that the average number of SaaS applications used by organizations, such as G Suite, Zoom, Slack, and Dropbox, has grown immensely compared to 2015, when the average was just eight. Moreover, the number of SaaS apps is so large that many users don’t even know that an app they use is classified as a cloud-based app.
(Statista)
Data loss and leakage are the greatest concern for 64% of respondents.
The growing adoption of cloud services comes with increasing concerns about cloud security. Data confidentiality was the second greatest concern with 62%, followed by accidental exposure of credentials (46%) and concerns about compliance with regulations (44%).
(Statista)
Trends in Cloud Computing
76% of organizations are using two or more cloud providers.
When it comes to the usage of cloud computing, statistics show hybrid cloud strategy is the most common for organizations at 39%. The second most common strategy was multicloud with 33%. 22% use more than three clouds, while only 4% don’t use the cloud in their business environment.
(Fortinet)
40% or all workloads will be executed in Cloud Infrastructure and Platform Services by 2023.
Cloud computing usage statistics illustrate the rapid increase in workloads executed in the cloud. In just three years, the percentage of workloads is projected to double, from 20% in 2020 to 40% in 2023. One of the drivers of cloud computing adoption was the pandemic, forcing organizations to improve their remote work capabilities, for which the cloud infrastructure proved to be an ideal tool.
(Gartner)
Reducing the environmental impact of the cloud is one of the key cloud computing trends.
While the cloud is extremely helpful to individuals and industries, it unfortunately comes with a carbon footprint greater than that of the airline industry. Just one data center has the capacity to consume as much energy as 50,000 households.
More of this energy is used to cool down the infrastructure than for actual computing, with 40% of the electricity used for cooling. So an important cloud computing trend concerns reducing the amount of energy or using green energy to power massive data centers.
(MIT Press Reader)
Conclusion
With cloud computing statistics showing 94% of US companies using some form of cloud, and cloud computing being so present in the everyday sphere, too, we can say that the cloud will bring forward many more apps, technologies, and last but not least, conversations about cybersecurity and sustainability of this massive infrastructure that enables everyday conveniences like working remotely and enjoying your favorite show—anywhere with wifi.
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