The Latest Cloud Computing Statistics (January 2025)

Headline Cloud Computing Statistics for 2024

12-month revenues between the start of 2021 and 2022 for cloud infrastructure services reached $191 billion.

AWS had the largest market share of cloud infrastructure services at 33% in Q1 2022.

Microsoft Azure had a market share of 22% in Q1 2022, with Google at 10% and all other companies at 35%.

In total, Amazon, Microsoft and Google accounted for 66% of the cloud market at the start of 2023.

Public cloud Platform-as-a-Service (PaaS) revenue in 2022 was $111 billion.

The cloud market is projected to be worth $376.36 billion by 2029.

It’s estimated that the world will store 200 zettabytes (2 billion terabytes) in the cloud by 2025.

The average cloud user spends around $400 monthly for a single server. Hosting the entire back-office infrastructure costs an average of $15,000 per month.

Just 11% of organisations have encrypted between 81-100% of the sensitive data they store in the cloud.

Cloud Computing Overview

Cloud computing provides computer resources over the internet. It’s an efficient, cost-effective alternative to maintaining on-site network infrastructure and has seen a surge in popularity in recent years – partly driven by the pandemic and resulting changes in the workplace.

In 2022, 60% of corporate data was stored in the cloud. This figure is expected to increase as cloud adoption becomes more widespread. In 2015, just 30% of corporate data was stored in the cloud. The share of data in the cloud doubling in just 7 years highlights the profound impact this transformative technology has had in the business world.

The cloud isn’t just used for business. An estimated 2.3 billion people use personal clouds such as Dropbox, Google Drive, and iCloud, more than doubling from 1.1 billion in 2014.

Infrastructure as a Service (IaaS) revenues grew 29.7% in 2022 to reach $120.3 billion.

Amazon had the largest share of revenues for IaaS in 2022 -40% ($48.126 billion).

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