Market Summary
Research Methodology on Cloud Computing Market
This research report has been compiled to provide an in-depth analysis of the Cloud Computing market by comprehensively evaluating the major factors driving the market’s growth as well as those restraining it. The report further offers an examination of the emerging trends that are likely to shape the dynamics of the market in the ensuing years. The report assesses the Cloud Computing market’s present and historical performance along with detailed information regarding the potential gains in the forecast period 2023 to 2030.
The research report employs a mix of primary and secondary research techniques to arrive at estimations and projections that make up the forecast. Additionally, the research report makes use of various market analysis techniques such as PESTEL and SWOT analysis to determine the market’s attractiveness.
This report is based on an in-depth market analysis that comprises the following activities:
Secondary research:
Secondary research is the process of collecting data from already existing sources such as industry journals, databases, whitepapers, reports, and magazines. Secondary research provided a comprehensive overview of the global Cloud Computing market and enabled us to gain an understanding of the market dynamics. Relevant information such as regulatory trends, technological developments, and competitive landscape were procured from relevant sources such as industry association databases, industry magazines, and whitepapers. Secondary research data was further analyzed to arrive at growth projections and validations by way of a triangulation process.
Primary research:
Primary research involved interactions with various industry experts such as CEOs, industry analysts, and senior executives. These conversations enabled us to obtain detailed insights about the market and to analyze the information that was collected through secondary research.
Approaches used:
1. Bottom-up approach:
The bottom-up approach was adopted for the assessment of the Cloud Computing market. This approach began with the estimation of the revenue for each segment and region in the base year (2022) and ended with the estimation of the overall market size for the forecast period 2023 to 2030. This assessment method was adopted in order to make more accurate market forecasts based on individual segment and region estimations.
2. Top-down approach:
The top-down approach was employed to arrive at the overall market size by estimating the overall market size in the base year (2022) and dividing it by the estimated growth rate over the forecast period 2023-2030.
3. Factor analysis
Factor analysis is a statistical method employed to ascertain relationships or correlations between two or more variables. In the course of the analysis, certain factors were identified to be the key drivers and restraints in the Cloud Computing market.
4. Time-series analysis
Time-series analysis involves examining data sets to determine the variations of one or more variables over a certain period. This analysis highlighted the existing opportunities and changing trends in the market.
5. Demand-side and supply-side data triangulation
The demand side data triangulation was employed to gain a deep understanding of the Cloud Computing market and its size. This process began with the identification of the market’s direct users. Further, primary and secondary research data was consolidated and analyzed to arrive at the overall market size. On the other hand, the supply-side analysis focused on the assessment of the vendor landscape, the supplier and distributor landscape and competitive market positioning.
Market Size & Forecast
Report Attribute/Metric |
Details |
Market Size 2023 |
293.4(USD Billion) |
Market Size 2024 |
318.98(USD Billion) |
Market Size 2035 |
800.0(USD Billion) |
Compound Annual Growth Rate (CAGR) |
8.72% (2025 - 2035) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2024 |
Market Forecast Period |
2025 - 2035 |
Historical Data |
2019 - 2024 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Alibaba Cloud, IBM, SAP, Rackspace, Salesforce, Cloudflare, Google, Amazon Web Services, Tencent Cloud, Microsoft, DigitalOcean, VMware, Linode, Cisco, Oracle |
Segments Covered |
Service Model, Deployment Model, End User, Application, Regional |
Key Market Opportunities |
Increased demand for remote work solutions, Growing adoption of AI and ML, Expansion of hybrid cloud deployments, Rising need for data security compliance, Surge in IoT connectivity and services |
Key Market Dynamics |
Scalability and flexibility, Cost efficiency, Security and compliance, Rapid technological advancements, Increased remote work demands |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Major Players
Cloud Computing Market Segmentation
Cloud Computing Market By Service Model (USD Billion, 2019-2035)
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
Cloud Computing Market By Deployment Model (USD Billion, 2019-2035)
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
Cloud Computing Market By End User (USD Billion, 2019-2035)
Small and Medium Enterprises
Large Enterprises
Government
Cloud Computing Market By Application (USD Billion, 2019-2035)
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
Cloud Computing Market By Regional (USD Billion, 2019-2035)
North America
Europe
South America
Asia Pacific
Middle East and Africa
Cloud Computing Market Regional Outlook (USD Billion, 2019-2035)
North America Outlook (USD Billion, 2019-2035)
North America Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
North America Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
North America Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
North America Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
North America Cloud Computing Market by Regional Type
US
Canada
US Outlook (USD Billion, 2019-2035)
US Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
US Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
US Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
US Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
CANADA Outlook (USD Billion, 2019-2035)
CANADA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
CANADA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
CANADA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
CANADA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
Europe Outlook (USD Billion, 2019-2035)
Europe Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
Europe Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
Europe Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
Europe Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
Europe Cloud Computing Market by Regional Type
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
GERMANY Outlook (USD Billion, 2019-2035)
GERMANY Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
GERMANY Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
GERMANY Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
GERMANY Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
UK Outlook (USD Billion, 2019-2035)
UK Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
UK Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
UK Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
UK Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
FRANCE Outlook (USD Billion, 2019-2035)
FRANCE Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
FRANCE Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
FRANCE Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
FRANCE Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
RUSSIA Outlook (USD Billion, 2019-2035)
RUSSIA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
RUSSIA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
RUSSIA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
RUSSIA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
ITALY Outlook (USD Billion, 2019-2035)
ITALY Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
ITALY Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
ITALY Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
ITALY Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
SPAIN Outlook (USD Billion, 2019-2035)
SPAIN Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
SPAIN Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
SPAIN Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
SPAIN Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
REST OF EUROPE Outlook (USD Billion, 2019-2035)
REST OF EUROPE Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
REST OF EUROPE Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
REST OF EUROPE Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
REST OF EUROPE Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
APAC Outlook (USD Billion, 2019-2035)
APAC Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
APAC Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
APAC Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
APAC Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
APAC Cloud Computing Market by Regional Type
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Rest of APAC
CHINA Outlook (USD Billion, 2019-2035)
CHINA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
CHINA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
CHINA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
CHINA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
INDIA Outlook (USD Billion, 2019-2035)
INDIA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
INDIA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
INDIA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
INDIA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
JAPAN Outlook (USD Billion, 2019-2035)
JAPAN Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
JAPAN Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
JAPAN Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
JAPAN Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
SOUTH KOREA Outlook (USD Billion, 2019-2035)
SOUTH KOREA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
SOUTH KOREA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
SOUTH KOREA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
SOUTH KOREA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
MALAYSIA Outlook (USD Billion, 2019-2035)
MALAYSIA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
MALAYSIA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
MALAYSIA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
MALAYSIA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
THAILAND Outlook (USD Billion, 2019-2035)
THAILAND Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
THAILAND Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
THAILAND Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
THAILAND Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
INDONESIA Outlook (USD Billion, 2019-2035)
INDONESIA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
INDONESIA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
INDONESIA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
INDONESIA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
REST OF APAC Outlook (USD Billion, 2019-2035)
REST OF APAC Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
REST OF APAC Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
REST OF APAC Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
REST OF APAC Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
South America Outlook (USD Billion, 2019-2035)
South America Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
South America Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
South America Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
South America Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
South America Cloud Computing Market by Regional Type
Brazil
Mexico
Argentina
Rest of South America
BRAZIL Outlook (USD Billion, 2019-2035)
BRAZIL Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
BRAZIL Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
BRAZIL Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
BRAZIL Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
MEXICO Outlook (USD Billion, 2019-2035)
MEXICO Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
MEXICO Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
MEXICO Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
MEXICO Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
ARGENTINA Outlook (USD Billion, 2019-2035)
ARGENTINA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
ARGENTINA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
ARGENTINA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
ARGENTINA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
REST OF SOUTH AMERICA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
REST OF SOUTH AMERICA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
REST OF SOUTH AMERICA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
REST OF SOUTH AMERICA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
MEA Outlook (USD Billion, 2019-2035)
MEA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
MEA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
MEA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
MEA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
MEA Cloud Computing Market by Regional Type
GCC Countries
South Africa
Rest of MEA
GCC COUNTRIES Outlook (USD Billion, 2019-2035)
GCC COUNTRIES Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
GCC COUNTRIES Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
GCC COUNTRIES Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
GCC COUNTRIES Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
SOUTH AFRICA Outlook (USD Billion, 2019-2035)
SOUTH AFRICA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
SOUTH AFRICA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
SOUTH AFRICA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
SOUTH AFRICA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
REST OF MEA Outlook (USD Billion, 2019-2035)
REST OF MEA Cloud Computing Market by Service Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
Function as a Service
REST OF MEA Cloud Computing Market by Deployment Model Type
Public Cloud
Private Cloud
Hybrid Cloud
Community Cloud
REST OF MEA Cloud Computing Market by End User Type
Small and Medium Enterprises
Large Enterprises
Government
REST OF MEA Cloud Computing Market by Application Type
Data Backup and Recovery
Application Hosting
Disaster Recovery
Big Data Analytics
Leave a Comment