Cloud Computing Market

Detailed research report on the cloud computing market, featuring market growth, industry analysis, size, and forecast from 2025 to 2030.

The Cloud Computing Market Report is Segmented by Computing Type (IaaS, Saas, and PaaS), End-User Verticals (IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare, and Media and Entertainment), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Cloud Computing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cloud Computing Market Size

Cloud Computing Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 0.79 Trillion
Market Size (2030) USD 1.69 Trillion
CAGR (2025 - 2030) 16.40 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Computing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cloud Computing Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

Cloud Computing Market Analysis

The Cloud Computing Market size is estimated at USD 0.79 trillion in 2025, and is expected to reach USD 1.69 trillion by 2030, at a CAGR of 16.4% during the forecast period (2025-2030).

Enterprise routers are crucial products used daily by businesses globally. The increasing global demand for cloud computing is driven by emerging technologies such as big data, artificial intelligence (AI), and machine learning (ML). The growing focus on customer-centric applications to enhance consumer satisfaction also contributes to these technologies' rise.

Cloud-based infrastructure provides flexible and on-demand resource access, supporting new digital business solutions. This technology is beneficial for enterprise resource planning (ERP), online transaction processing (OLTP), and supply chain management (SCM) across various sectors.

In May 2024, Amazon Web Services (AWS), Amazon's cloud computing division, announced a substantial investment of EUR 7.8 billion (USD 8.5 billion) in the AWS European Sovereign Cloud initiative. The first cloud region will be established in Germany and operational by the end of 2025. This investment will continue until 2040. The purpose of this Sovereign Cloud is to enhance data residency across Europe.

The market is also witnessing several investments that significantly drive the adoption of cloud computing. For instance, in April 2024, Oracle Corporation Japan unveiled an ambitious plan, committing over USD 8 billion in the coming decade. This investment is strategically aimed at catering to Japan's escalating cloud computing and AI infrastructure needs. The initiative will bolster the presence of Oracle Cloud Infrastructure (OCI) and underscore Oracle's commitment to the Japanese market.

Also, recognizing the importance of digital sovereignty, Oracle is set to ramp up its operations. This expansion substantially boosts its engineering teams, focusing on recruiting local talent and aligning closely with Japan's requirements.

Organizations increasingly require secure and efficient solutions to facilitate remote work for their employees, including contact center agents and creative professionals. Providers are addressing this need by offering specialized cloud-based solutions that ensure security, timeliness, and cost-effectiveness.

Cloud computing, a technology that provides on-demand platforms, software, and infrastructure, is vulnerable to various data breaches. Customers still express concerns about outsourcing their data to public cloud services when assured of strong security measures. Despite the efforts of cloud service providers to protect client data, several data breach incidents have affected even the most prominent businesses.

For instance, in June 2024, Thales unveiled its 2024 Cloud Security Study, a comprehensive annual report that examines the latest cloud security threats, trends, and emerging risks. The study gathers insights from a survey of nearly 3000 IT and security professionals across 18 countries and 37 industries.

As organizations increasingly depend on cloud services, these resources have become prime targets for cyber-attacks. Specifically, SaaS applications (31%), cloud storage (30%), and cloud management infrastructure (26%) are the most frequently attacked categories. Consequently, protecting cloud environments has become the foremost security priority, surpassing all other security disciplines.

The study also states that 44% of organizations have experienced a cloud data breach, with 14% reporting an incident in the last 12 months. Human error and misconfiguration remain the leading causes of these breaches (31%), followed by the exploitation of known vulnerabilities (28%) and the failure to use multi-factor authentication (17%).

Further, macroeconomic trends have a significant impact on the cloud computing market. The rising inflationary pressure will likely increase the costs of professional services for companies operating in a cloud environment. For instance, according to OECD, the annual monthly inflation rate in the Organization for Economic Co-Operation and Development (OECD) increased steadily from February 2021 to October 2022, when the inflation rate reached 10.7% compared to the same month the previous year.

Cloud Computing Industry Overview

The cloud computing market is experiencing notable fragmentation, with numerous players competing for market share. Many of these companies are forming strategic partnerships and expanding into new markets to strengthen their positions. Key players include industry leaders such as Amazon Web Services, Google LLC, Microsoft Corporation, Alibaba Cloud, and Salesforce. The major players in this market include Amazon Web Services Inc., Google LLC Ltd, Microsoft Corporation, Alibaba Cloud, and Salesforce Inc.

  • June 2024: Oracle and Google Cloud announced a strategic partnership, allowing customers to integrate Oracle Cloud Infrastructure (OCI) with Google Cloud technologies. This collaboration aims to accelerate the migration and modernization of applications. Initially, Google Cloud's Cross-Cloud Interconnect will be available in 11 global regions, enabling customers to deploy general workloads without cross-cloud data transfer fees. Additionally, later this year, Oracle Database@Google Cloud will be introduced. This new offering will provide the highest Oracle database performance and network capabilities, with feature and pricing parity with OCI.
  • May 2024: Applied Cloud Computing (ACC), a cloud consulting and services company, announced a strategic partnership with Oracle Inc., a prominent cloud infrastructure provider, and RackWare Inc., a specialist in enterprise cloud migration and management. This partnership aims to deliver a comprehensive solution for businesses to migrate and manage their workloads in the cloud, including using Oracle Cloud Infrastructure (OCI).

Cloud Computing Market Leaders

  1. Amazon Web Services, Inc

  2. Google LLC

  3. Microsoft Corporation

  4. Alibaba Cloud

  5. Salesforce, Inc

  6. *Disclaimer: Major Players sorted in no particular order
Cloud Computing Market Concentration
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Cloud Computing Market News

  • April 2024: Microsoft announced plans to invest USD 2.9 billion over the next two years to enhance its hyperscale cloud computing and artificial intelligence (AI) infrastructure in Japan. The company will also expand its digital skilling programs to provide AI training to over 3 million people within the next three years. Also, Microsoft will establish its first Microsoft Research Asia lab in Japan and strengthen its cybersecurity collaboration with the Government of Japan.
  • February 2024: Akamai Technologies, a cloud services provider, announced its plan to integrate cloud computing capabilities into its extensive edge network. This initiative, known as Akamai's Generalized Edge Compute (Gecko), aims to enhance the company's strategy to become the preferred cloud computing platform. By running workloads closer to users, devices, and data sources, Akamai seeks to improve user experiences significantly.

Cloud Computing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions​ and Market Definition​
  • 1.2 Study Scope

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Robust Shift Towards Digital Transformation Across the World
    • 4.2.2 Post-Pandemic Remote Work-Related Policies Positively Impacting the Cloud Market
  • 4.3 Market Challenges
    • 4.3.1 Regulatory Compliance and Data Breaching Risk
  • 4.4 Market Opportunities
  • 4.5 Industry Ecosystem Analysis
  • 4.6 Assessment of Macro Economic Trends on the Cloud Computing Landscape
  • 4.7 Industry Attractiveness – Porter’s Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers/Consumers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Industry Regulations and Standards

5. MARKET SEGMENTATION

  • 5.1 By Computing Type
    • 5.1.1 IaaS
    • 5.1.2 SaaS
    • 5.1.3 PaaS
  • 5.2 By End-user Verticals
    • 5.2.1 IT and Telecom
    • 5.2.2 BFSI
    • 5.2.3 Retail and Consumer Goods
    • 5.2.4 Manufacturing
    • 5.2.5 Healthcare
    • 5.2.6 Media and Entertainment
  • 5.3 By Geography***
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Spain
    • 5.3.2.5 Nordics
    • 5.3.2.6 Benelux
    • 5.3.3 Asia
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.4 Australia and New Zealand
    • 5.3.5 Latin America
    • 5.3.6 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Amazon.com Inc. (AWS)
    • 6.1.2 Google LLC
    • 6.1.3 Microsoft Corporation
    • 6.1.4 Alibaba Cloud
    • 6.1.5 Salesforce Inc
    • 6.1.6 Adobe Group
    • 6.1.7 Oracle Corporation
    • 6.1.8 IBM Corporation
    • 6.1.9 DXC Group
    • 6.1.10 SAS
    • 6.1.11 SAP SE
  • *List Not Exhaustive

7. INVESTMENT SCENARIO

8. MARKET OUTLOOK

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia-Pacific'.
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Cloud Computing Industry Segmentation

Cloud computing is the supply of computing services over the internet, including servers, storage, databases, networking, software, analytics, and intelligence to provide quicker innovation, adaptable resources, and scale economies. Customers usually only pay for the cloud services they use, which helps to save operational costs, run infrastructure more effectively, and scale as business requirements change.

The cloud computing market is segmented by computing type (IaaS, Sa aS, and PaaS), end-user verticals (IT and telecom, BFSI, retail, consumer goods, manufacturing, healthcare, and media and entertainment), and geography (North America [United States and Canada], Europe [United Kingdom, Italy, France, Germany, Russia, and Rest of Europe], Asia-Pacific [China, India, Japan, South Korea, and Rest of Asia-Pacific], Latin America [Brazil, Mexico, Argentina, and Rest of Latin America], and the Middle East and Africa [Brazil, Mexico, Argentina, and the Rest of Middle East and Africa]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Computing Type IaaS
SaaS
PaaS
By End-user Verticals IT and Telecom
BFSI
Retail and Consumer Goods
Manufacturing
Healthcare
Media and Entertainment
By Geography*** North America United States
Canada
Europe United Kingdom
Germany
France
Spain
Nordics
Benelux
Asia China
India
Japan
South Korea
Australia and New Zealand
Latin America
Middle East and Africa
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Cloud Computing Market Research FAQs

How big is the Cloud Computing Market?

The Cloud Computing Market size is expected to reach USD 0.79 trillion in 2025 and grow at a CAGR of 16.40% to reach USD 1.69 trillion by 2030.

What is the current Cloud Computing Market size?

In 2025, the Cloud Computing Market size is expected to reach USD 0.79 trillion.

Who are the key players in Cloud Computing Market?

Amazon Web Services, Inc, Google LLC, Microsoft Corporation, Alibaba Cloud and Salesforce, Inc are the major companies operating in the Cloud Computing Market.

Which is the fastest growing region in Cloud Computing Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Cloud Computing Market?

In 2025, the North America accounts for the largest market share in Cloud Computing Market.

What years does this Cloud Computing Market cover, and what was the market size in 2024?

In 2024, the Cloud Computing Market size was estimated at USD 0.66 trillion. The report covers the Cloud Computing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cloud Computing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cloud Computing Industry Report

The global cloud computing market is poised for significant expansion, driven by increasing demand across various sectors such as retail and consumer goods, and healthcare and life sciences. This growth is fueled by the adoption of advanced technologies including AI, ML, Big Data, edge computing, and 5G. Cloud computing offers numerous advantages such as scalability, security, and cost-effectiveness, which contribute to its rapid adoption.

Despite the challenges posed by a lack of technical knowledge and the complexities of managing a multi-cloud model, the market shows promising potential. The adoption of IoT and connected devices presents substantial opportunities for market growth. The hybrid cloud segment, known for its flexibility, scalability, and resource optimization, is expected to significantly contribute to the market's expansion. The BFSI segment is also projected to hold a considerable market share due to the transition to cloud deployment.

The Asia Pacific region is anticipated to experience the highest growth rate due to the adoption of advanced technologies and increasing private sector investments. Mordor Intelligence™ Industry Reports provide valuable industry analysis, including market share, size, and revenue growth rate, along with a comprehensive market forecast outlook and historical overview.

Industry reports highlight the market trends, market value, and market segmentation, offering a detailed market overview. The market data and industry statistics reflect the market growth and industry trends, providing a clear industry outlook. Market leaders are identified in the industry research, contributing to the market predictions and market review. The industry size and industry sales are crucial metrics in the industry information, supported by industry research and industry reports.

For those seeking further insights, a report example and report pdf are available for download, providing in-depth industry analysis and market forecast. Research companies can utilize this information to understand the market dynamics and growth rate, ensuring informed decision-making and strategic planning in the cloud computing industry.