Cloud Computing Statistics for 2023

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 32% in Q1 2022.

Microsoft Azure had a market share of 23% 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 organizations have encrypted between 81-100% of the sensitive data they store?in?the?cloud.

A 2022 study indicated that organizations that are ‘light’ or ‘moderate’ cloud users are more likely to use Azure over AWS. For """"light users"""", 66% used Azure, compared to 65% AWS. For """"moderate users"""", 70% used Azure, 2% more than those using AWS (68%).

However, for those organizations that see themselves as """‘heavy’ cloud users"""", AWS is still the preferred choice, albeit by a small margin. 81% use Amazon’s cloud platform for their workloads, compared with?80%?for?Azure.

Cloud Computing Market Size Statistics

The global cloud computing market was valued at $546.1 billion in 2022.?

With the largest revenue share of 41.2%, North America emerged as the dominant market, reaffirming its prominence and strategic advantage in shaping the cloud computing landscape.

North America is expected to lead the market in revenue from 2023 to 2030, driven by its early adoption of technologies like AI, robotics, IoT, and the cloud.

The presence of dominant cloud providers like IBM, Microsoft, and Oracle corporations significantly drives cloud adoption in the region.

The IT and telecommunications industries have emerged as key players with the largest global cloud computing market share.

However, the healthcare sector is projected to experience the highest compound annual growth rate.?

Additionally, the cloud computing market has revolutionized the world of video games by introducing