Cloud Computing Statistics

Essential Cloud Computing Statistics in 2024

Published on: August 10, 2023
Last Updated: August 10, 2023

Essential Cloud Computing Statistics in 2024

Published on: August 10, 2023
Last Updated: August 10, 2023

From personal computers to business operations, cloud computing statistics show a significant shift from traditional computing methods.

One primary example you could reference is that many businesses are switching from traditional servers to cloud computing to manage documents, internal processes, and more.

The industry of cloud computing has been growing rapidly in recent years.

Analysts expect industry revenue to grow at a CAGR of 18.9% throughout 2023, eventually reaching $623 billion.

Although many individuals make use of cloud computing technologies, a lot of the statistics focus on business use cases and other similar examples.

Many people agree that the shift to cloud computing is necessary, and the statistics in this article support many beneficial and interesting claims about the technology.

Key Statistics

  • 67% of current enterprise infrastructure is cloud-based
  • The cloud computing market as a whole is expected to be worth $597.3 billion in 2023
  • You can find a multi-cloud strategy within 98% of all organizations
  • It’s expected that there will be 100 zettabytes of data stored in cloud tech by 2025
  • Cloud data centers account for over 94% of all workloads
  • The everyday individual uses roughly 36 cloud-based services on a daily basis
  • Amazon Web Services holds the largest cloud computing market share at 32%
  • 80% of organizations are using more than one private or public cloud technologies

An Overview of Cloud Computing Statistics in 2024

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Whether you feel the technology is personally relevant to your life or not, cloud computing is only going to become more relevant as time passes.

With new developments in tech, cloud computing technology is finding its way into a long list of organizations worldwide.

To get an idea of where the cloud computing market currently stands, we can start with some general statistics that provide an overview of the situation.

Cloud computing is primarily finding its stride in business use cases, but as more people catch on, everyday people are appreciating the technology for what it has to offer.

1. Amazon Web Services is Dominating the Market

There are many different cloud computing tools available, but Amazon Web Services (AWS) is one that stands far above many others.

Of course, some of this has to do with Amazon’s influence, but the reality is that AWS is a stellar product.

This can be seen in its market share, as the cloud computing technology holds 32% of the market share for this tech.

Percentages in market share fluctuate all the time, but this is still a significant figure considering how much competition is out there.

AWS focuses on numerous pain points in business processes; all made capable through the power of cloud tech.

It’s a heavily customizable technology that can blend to the needs of any business, which is partially why it has become so popular in the market.

There’s always room for growth and competition, but AWS is on track to be one of the most prominent cloud computing services out there.

(TechJury)

2. Cloud Usage Has Been Higher Than Expected

Industry experts have been confident in cloud technology for quite some time, but usage and adoption rates have been higher than what was previously expected.

This highlight can primarily be seen through the height of the Covid-19 pandemic, as everyone was forced to rely on technology to manage work and their everyday lives.

A global survey found that 61% of respondents expected cloud technology to be more widely utilized due to the pandemic.

It’s a technology of the future in more ways than one and will eventually become the norm for many different business processes.

You can expect usage rates to rise, starting with organizations and eventually bleeding into the lives of ordinary people through various technologies.

Many descriptions of cloud computing technology make it sound as vast as the universe, and it definitely seems that way when you break down the data by the numbers.

(TechJury)

3. Projected Data Storage in the Cloud

Cloud isn’t a foreign concept to many people, as the tech has been around for years, and its capabilities continue to expand.

When it comes to data storage, there’s no shortage of space in regard to cloud computing tech.

It’s expected that by 2025, cloud tech will have stored around 100 zettabytes of data, and you can only imagine how many documents it would take to reach such a number.

When you compare the state of cloud storage from 2015 to 2025, it has made leaps in its adoption rate and variety of use cases.

In 2015, only 25% of all computing data was stored with cloud tech, and now it’s on its way to accounting for 100 to 200 zettabytes of data in the cloud.

Society is still going through a transition with cloud computing tech, and although it’s not perfect, the benefits easily outweigh the downsides.

(CloudWards)

4. Work Processes and Cloud Computing

Among the different types of work processes with different companies and industries, cloud computing can adapt to any organization’s unique needs.

This is made possible with a blend of intuitive features and customization tools that users can make use of.

Statistics show us that cloud data centers processed 94% of all workloads in 2021.

Even though this number will vary, it’s clearly a space where cloud computing tech is dominating.

Out of these workloads, 75% of them go to SaaS processes, which makes sense considering the many uses cloud computing tech has in this field.

Not only does this highlight that traditional data centers are quickly becoming a thing of the past, but the use cases for cloud tech is finding its way into every industry.

Tech companies put cloud computing solutions to use, and the reasons here are a bit more obvious.

However, cloud computing tech comes with a long list of benefits that can improve internal processes for any organization.

(CloudWards)

5. Reduces Startup Costs

The use of cloud computing tech in the startup world is considered to be a mandatory tool in one way or another.

There’s enough data to support that the use of cloud computing tech can help reduce startup costs in more than one focal point.

Most of what cloud computing tech can offer startups is supporting the setup process and minimizing maintenance costs.

94% of professionals in IT agree that this is a core benefit of the technology.

Other organizations have discovered that the technology can lead to savings in Total Cost of Ownership (TCO) that can range from 30% to 40%.

Regardless of how much money is on hand at the beginning, startups can always find ways to be more efficient with their spending.

Cloud computing is just another tool that can help startups push forward without breaking the bank.

(CloudZero)

Adoption and Usage Statistics

This article has covered this topic to some degree but has only highlighted specific examples of the adoption and usage of cloud computing tech.

When you look at this topic from an overhead perspective, you’ll realize adoption is much more widespread than expected.

Cloud computing technology has hit strides in growth, awareness, and development in recent years.

The technology has been around for quite some time, but in our modern era, it has found a way to integrate itself into a long list of business and personal processes.

6. Improving Internal Operations

Regardless of the size of a company, internal operations can generally always be refined in some form or fashion.

However, approaching this on a consistent basis isn’t always easy.

This is where cloud computing technology can help.

80% of organizations that use cloud computing tech agree to seeing improvements in their operations as a whole.

It also doesn’t take long to see these benefits, as they tend to show themselves within just a few months of adopting cloud computing technology.

Considering the adaptable nature of cloud tech, you’ll find that what organizations use the tech for will vary quite a bit.

At the core of what the technology offers, businesses look for a few primary benefits in regard to cloud computing tech.

(FindStack)

7. Why Companies are Adopting Cloud Computing Tech

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If you were to ask individual organizations, you’re bound to come across many different answers regarding the reasons for adopting cloud computing tech.

However, statistics unveil that there are three primary reasons why businesses care to adopt cloud computing tech to their processes.

These reasons include:

  • Speed improvements in operations = 71%
  • Flexibility = 63%
  • Customer support = 57%

At a glance, these are all understandable, surface-level benefits, yet far from the full capabilities of cloud computing technology.

The needs within an organization change based on many different factors, but there are a few trends involved here as well. 

For example, Businesses with more than 1,000 workers prioritize flexibility more than their smaller counterparts.

Thankfully, cloud computing tech is the perfect option for personalized solutions that can be applied to internal and external processes.

(TechJury)

8. Adoption Rates for the Near Future

It’s pretty evident that adoption rates for cloud computing tech are already high, but there are still many businesses that have yet to explore the technology.

However, this is on track to change soon, as 60% of organizations plan to integrate this technology within the next 18 months.

At this point, catching on to cloud computing tech is becoming a necessity, as it gives companies a competitive edge in their day-to-day processes.

Interestingly, for the businesses that are already working with a cloud IT infrastructure these account for roughly 45% of the corporate world.

As cloud computing technology becomes more of a necessity to remain a competing force in a particular market, we’ll start to see more organizations adopt the technology.

I’ll also note that cloud computing tech can either be very simple or relatively convoluted, depending on how you use it.

Some organizations will experience more of a learning curve than others based on how they intend to utilize it throughout their internal processes.

(FindStack)

9. How Companies are Approaching Cloud Adoption

Based on their particular needs, companies are moving forward with cloud computing technology with a unique focus that serves their needs.

That’s part of what makes the technology so great is that companies can bend it to work to their will.

Its adaptable nature also makes it easy for companies to transition when the time calls for it down the road.

Some notable statistics on this topic include:

  • 20% of companies plan to move all applications to the cloud
  • 30% of organizations are already cloud-native internally
  • 37% are on to be cloud-native within the next three years
  • Roughly 55% of companies still rely on traditional data centers

It’s a space in cloud technology that’s still rapidly evolving, but it looks like the corporate world knows exactly what to do with it.

A technology that has proven to make our lives a little easier, cloud computing will only become a more common topic as time goes on.

(CloudZero)

10. Usage Includes Data Security Concerns

As usage of the technology expands and more people get the hang of how it works, you’re bound to come across a few security issues.

Some hiccups with data security could very well stem from misuse of cloud technology, whether it’s intentional or not.

If you were to discuss this topic with business executives of our modern era, you’d find that roughly 23% of them feel data security is a primary concern.

This is directly connected to an issue small to medium-sized businesses are having, which is a lack of time to manage their security methods.

Over time, this complication can lead to gaps or discrepancies in security measures, and this same issue can be found with cloud computing technology.

It can be challenging to stay on top of everything going on in the world of cloud computing.

By reviewing the most recent statistics on the technology, you can get an idea of where it stands in the market and where it’s going in the future.

(FindStack) 

The Future Development of Cloud Computing

Some of the Biggest Companies That Have Done Well with Cloud Computing

Cloud computing currently stands in a healthy space, but industry experts have a vision for the future.

The technology will continue to be refined until it’s a force to be reckoned with that can’t be ignored.

It’s already on its way there, and a big part of what’s pushing it are the use cases found in many professions all over the world.

At this rate, no matter how you look at the topic, cloud computing tech is on its way to becoming a dominating force in the tech market.

11. What Does the Job Market Look Like?

For cloud computing to become more than what it already is, it’ll require the help of many dedicated professionals.

The most recent data states there’s plenty of incentive to get involved in the industry.

For professionals in the cloud market in the U.S., they’re currently looking at a median salary of $118,449.

These types of numbers change quite a bit, but it goes to show that the market, skillset, and knowledge are in high demand.

The growth of this technology and industry won’t be a perfect road, and there are a number of concerns associated with the technology.

Many of these are prompting a proactive approach from industry experts and organizations alike.

(TechJury)

12. Cloud Computing Concerns to Look Out For

Technology tends to evolve at a rapid pace that can be hard to keep track of.

Industry experts are hard at work to bring the reins in on cloud technology, at least when it comes to addressing its pain points.

In the table below, you can review different pain points of cloud computing technology and which ones are the most pressing issues.

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Some systems are in place to address these concerns, while others don’t have anything concrete to work with at this time.

Rest assured, this is something that won’t take long to sort out.

Cloud computing is going through a boom where new developments are vast, and adoption rates are higher than they’ve ever been.

This can make it challenging to develop ample security measures for every potential issue.

Cloud computing does come with a few downsides.

In the focus on simple file storage and sharing, organizations could easily leak sensitive information through a single employee who has access.

That means there needs to be layers to security measures so individuals and organizations are able to protect themselves if something goes wrong.

Cloud tech is much more time and cost-efficient than traditional servers, but it still has a few kinks to work in regard to multi-level security.

(CloudWards)

13. Secure Without Cutting Corners

As industry professionals approach developing the right security measures, they’re all on the same page about the requirements.

Whatever path they choose for universal security etiquette in cloud computing, roughly 52% of business owners would prefer that cloud solutions have their own native security tools.

There’s too much risk when integrating cloud computing solutions into a company, as you’re trusting a lot of sensitive information all kept in one place.

Of course, business owners are always in control of what comes and goes through their cloud computing processes, but it’s hard to catch every detail.

With an uptick in data breaches, security concerns have been a top priority for some time now.

We’ll start to see more organizations speak up about this within cloud technology, and it’ll be a significant consideration when choosing cloud computing providers.

14. Unbeatable Cost Efficiency

In regard to medium-sized businesses, 40% of them find third-party cloud platforms to be more cost-effective than managing an in-house server system.

No one would argue with that, and the reliability of cloud computing tech is better than traditional systems as well.

This cost efficiency also allows organizations the ability to take on new cloud professionals while building upon their cloud computing processes.

It’s able to free up funds that can be put to better use than managing traditional on-site servers.

If you dig deeper, you’ll find the cost savings reach every level of business, from newcomers to Fortune 500 organizations.

Getting the most out of the technology considers how it’s applied, but cost-efficiency is a massive selling point.

(FindStack)

15. Who are the Leaders in Cloud Computing Services?

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As mentioned earlier, AWS is a prominent player in the cloud computing space, but it’s not alone.

Amazon may seem like it has everything under one roof, but there’s plenty to take from competing services that are aiming for their own flair on cloud computing services.

Two notable players in the cloud computing industry include:

  • Amazon Web Services (AWS): Generated $21.4 billion in revenue in Q1 of this year
  • Alibaba Cloud Service: On track to earn $947.3 billion by 2026

Many businesses are leaning toward Amazon for this service as it’s a brand name they know and trust, and the product speaks for itself.

AWS really does bring a lot to the table, but there will always be competition to carve out their niche.

Not all cloud computing services offer the same features, which is why it’s important to understand the differences between the biggest players.

No matter who you look at, most are viable for personal or business use.

Remember, earlier; you learned that the average person uses roughly 36 cloud-based services every day.

You can bet that many of them don’t even realize that it’s a cloud-based service they’re using.

Even though there’s plenty of room for growth in this space, Amazon is moving at a pace that shows they want to be seen as a leading solution.

The truth is that organizations and individuals have a lot to look forward to from cloud technology.

It delivers efficiencies, products, and tools and frees up more time and funds for everyone involved.

(TechJury)

Final Notes

Technology tends to eliminate or refine traditional processes, and cloud computing tech is here to knock quite a few outdated tools off the list.

It isn’t a fully polished technology, but its capabilities are more expansive than we have ever seen.

Even if you don’t think about the tech you’re using being cloud-based, you’ll find it’s a lot more common in our everyday interactions.

In this article, we dove into cloud computing statistics to provide a clear look at the reality of the tech and why it’s so important for society as a whole.

Sources

TechJuryCloudWardsCloudZero
FindStack

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Written by Kelly Indah

I’m a statistics researcher here at EarthWeb with a special interest in privacy, tech, diversity, equality and human rights. I have a master’s degree in Computer Science and I have my Certified Information Systems Security Professional (CISSP) certification.