65 Statistics, Facts, and Trends in Cloud Computing for 2022

N
Netooze
September 14, 2022
65 Statistics, Facts, and Trends in Cloud Computing for 2022

Can you hear the mysterious 'global cloud computing Hum'? Well, I certainly can and it's getting louder and louder since the explosion in remote working following the pandemic. It's safe to say that cloud computing has profoundly altered the way we live and do business as humans. And this innovation shows no sign of slowing down either since careers in cloud computing have skyrocketed to Jupiter (so to speak). But why? I'm so glad you asked! I believe that it is due to the cushy flexible work-life balance people are eying. The investment opportunity has investors jumping and has consequently sparked many organisations to conduct studies and research papers on key areas to highlight trends and make predictions so the investors can get in before the sun rises (so to speak). But hasn't it already, well, apparently not. The think tanks suggest that it's just getting started.

"In the face of lockdowns, social distancing, and other similar measures, a large portion of the workforce needed to migrate online. According to remote work statistics, approximately 34% of workers prefer to work in the cloud and will look for another job if forced to return to the office."

65 Statistics, Facts, and Trends in Cloud Computing for 2022
65 Statistics, Facts, and Trends in Cloud Computing for 2022

But what is the Cloud?

Cloud computing is the act of storing, managing and processing information through an interconnected network of Internet-hosted distant servers. (Dictionary definition). In plain English, the cloud is a method of delivering on-demand IT resources and services over the Internet. Rather than purchasing and maintaining physical servers and data centers, businesses can use a cloud service provider, such as Netooze to access IT services such as computing power, storage, and databases. When compared to traditional on-premise IT infrastructure, the cloud offers significant advantages, including lower costs, increased agility, flexibility, and scalability, to name just a few. (The list is still growing).

65 Statistics, Facts, and Trends in Cloud Computing for 2022
65 Statistics, Facts, and Trends in Cloud Computing for 2022

A Brief History of Cloud Computing

Cloud computing emerged gradually, beginning with server computing in the 1950s. That's way before Google. In the 1950s, server computing allowed multiple users to connect to a central system via terminals that only provided access to the mainframe. It was the beginning of what would become cloud computing. John MacCharty proposed in 1961 that computing be sold as a utility. It turned out to be a brilliant idea, but it was too far ahead of its time; computing as a utility would not be available until 1999. (That's a year after Google officially launched as a business.) However, the concept of virtual machines was developed in 1970.

Telecommunications companies began offering virtualized private network connections in 1990. Salesforce began offering applications through a simple website in 1999. These applications were distributed to organizations via the Internet, and the concept of computing as a utility then became a firm reality. Then Amazon launched its web services in 2002, offering resources such as computation, storage, and human intelligence. With the launch of Elastic Compute Cloud (EC2) in 2006, the public had access to a truly genuine commercial service.

Then along came Microsoft, which launched its Cloud Computing service, Azure, in 2007, and was quickly followed by Google, which began providing cloud computing enterprise applications in 2009. Since then the entire market has exploded and there are hundreds if not thousands of companies around the world. But the companies just mentioned hole the lion share of the market.

65 Statistics, Facts, and Trends in Cloud Computing for 2022
65 Statistics, Facts, and Trends in Cloud Computing for 2022

Some Cloud Computing Facts and Trends

  1. According to Fortune Business Insights, the software market for remote desktops was worth $1.53 billion in 2019, with a CAGR of 15.1% expected to reach $4.69 billion by 2027. This software category includes remote desktop applications such as TeamViewer and Chrome Remote Desk, which allow you to connect to and work on a remote computer via remote internet connections. This collection of the most important cloud computing statistics, facts, and trends will show how large this market is and how it is likely to evolve in the future.
  2. The Infrastructure-as-a-Service (IaaS) market will be worth $201 billion by 2027. (Source)
  3. The market for Software-as-a-Service (SaaS) is expected to reach $623 billion by 2023. (Source)
  4. Cloud monitoring will increase by 22.7%, reaching a market value of $4.5 billion. (Source)
  5. Over 100 Zettabytes of data will be stored in the cloud by 2025 (1 zettabyte = 1 billion terrabytes = 1 trillion gigabytes). (Source)
  6. The total market value of cloud computing in 2020 was $371.4 billion. The market is expected to reach $832.1 billion by 2025, with a compound annual growth rate (CAGR) of 17.5%. (Marketsandmarkets)
  7. The core service types offered by cloud vendors include:
    • Software as a Service (SaaS) - Applications that clients can access via a web browser or some lightweight applications. Google's apps (such as Gmail, Drive, and Play) are excellent examples of SaaS, as are popular website builders such as WiX and Squarespace.
    • PaaS (Platform as a Service) - A location for application development and testing. Consider it a closed-environment lab for app developers.
    • IaaS (Infrastructure as a Service) - A vast array of computing resources delivered in a virtual environment. IaaS services include cloud storage, virtualization, servers, and networking
  8. Cloud services are frequently divided into two categories in the web hosting industry: managed and unmanaged. The latter requires technical expertise because the purchaser of the service is responsible for cloud setup and maintenance, whereas the former provides technical expertise. The type and level of technical support provided vary by managed cloud hosting provider, but it can be very thorough.
  9. During the Covid-19 pandemic, 50% of businesses used the cloud more than they had planned. (Source)
  10. For the fifth year in a row, 61% of organizations want to optimize cloud spending, making it the top initiative. (Source)
  11. Revenue from the public cloud sector is expected to reach $331 billion by 2022, up from $175.8 billion in 2018. (Source)
  12. By 2021, cloud data centres will handle 94% of all workloads. Not only that, but SaaS processes will account for 75% of the total workload. This demonstrates that non-cloud data centres are on their way out and will be supplanted by cloud data centers in the not-too-distant future. (Cisco)
  13. The main reason for cloud adoption is to provide access to data from anywhere. (Image courtesy of SysGroup)
  14. 75% of businesses are concerned about cloud security. (Source)
  15. Over 100 zettabytes of data will be stored in the cloud by 2025. To put this in context, a zettabyte is one billion terabytes (or a trillion gigabytes). (Cybersecurity Ventures)
  16. Amazon Web Services (AWS) is the world's largest cloud computing company by market share. AWS, an Amazon subsidiary, currently controls 31% of the market, followed by Microsoft Azure (20%) and Google Cloud (7%).
  17. The global cloud gaming market was worth $470 million in 2020. It is expected to generate $7.24 billion in revenue by 2027, with a CAGR of 48.2%. (Cybersecurity Ventures)
  18. IT infrastructure spending is expected to reach $55.7 billion by 2022. According to IDC, demand for servers, switchers, and storage solutions will increase by 10.9%. (According to IDC)
  19. Platform-as-a-Service (PaaS) adoption is expected to reach 56% by 2021, making it the fastest-growing segment of cloud platforms. (Source)
  20. Google Drive is by far the most used cloud storage service in the world, with a usage rate of 94.44%. Dropbox, the best cloud storage for collaboration, comes in second with a still impressive 66.2%, followed by OneDrive (39.35%) and iCloud (38.89%). MEGA (5.09%), Box (4.17%), and pCloud (1.39%). (Goodfirms)
  21. A multi-cloud strategy is used by 93% of businesses. Cost containment and cybersecurity will be top priorities as these deployments mature. (Source)
  22. After migrating their data to the cloud, 94% of businesses report significant improvements in online security. (Source)
  23. 91% say cloud computing helps them meet government compliance requirements. (Source)
  24. Cloud migrations assist businesses in operating more sustainably by reducing CO2 emissions by 59 million tons per year, which is equivalent to having 22 million fewer cars on the road. (Source)
  25. AI will cost $58.3 billion in 2021, and this will rise to $309.6 billion by 2026. Many cloud technologies today are built on machine learning, and many organizations and systems use it to automate various processes. (Wikipedia)Unsurprisingly, 75% of businesses rank cloud security as their top concern. Thirty-three percent are extremely concerned, 42% are very concerned, and only 25% are unconcerned to moderately concerned. (Axios)
  26. The most pressing cloud security challenges, according to cybersecurity experts, are misconfiguration of cloud infrastructure (68%), unauthorized access (58%), insecure API (52%), account, service, or traffic hijacking (50%), and external data sharing (43%)
  27. With projected spending of $124.6 billion in 2019, the United States is the largest public cloud market. (Data from IDC)
  28. The United States is the undisputed leader in cloud computing spending. It has a larger market than the next four combined. The following countries spent the most money on cloud computing technologies in 2019:
    • The United States - $124.6 billion
    • $10.5 billion - China
    • The United Kingdom - $10 billion
    • $9.5 billion for Germany
    • $7.4 billion Japan
  29. Up to 90% of organizations that cannot control public cloud use will inadvertently share sensitive data by 2025. (Source)
  30. The average company runs 38% of its workloads in the public cloud and 41% in a private cloud. Typically, enterprises run a larger portion of their workloads (46%) in a private cloud and a smaller portion (33%) in a public cloud. (Unknown)
  31. China's total cloud infrastructure spending was $11.5 billion in 2019, which is expected to increase to $19 billion in 2020, a 66% increase. (Tessian)
  32. Small and medium-sized businesses, on the other hand, prefer public clouds (43%), rather than potentially more expensive private solutions (35%). (Unknown)
  33. According to cloud computing statistics, public cloud spending is growing three times faster than private cloud spending. (Unknown)
  34. Professional services account for 12.2% of total cloud spending worldwide. (Data from IDC)
  35. To protect sensitive data in the cloud, nearly half of organizations use encryption or other security safeguards. (Thales, source)
  36. 75% of IT professionals believe that managing privacy and data protection in the cloud is more difficult than on-premises. With more and more corporate data being stored in the cloud (43% in 2017), security risks are increasing. (Unknown)
  37. Cloud cost optimization is a top priority for the fifth year in a row, with 61% of organizations planning to optimize their cloud costs in 2021. In fact, 76% of respondents assess their cloud progress based on cost efficiency and savings realized as a result of cloud initiatives. (Macrotrends)
  38. The most important cloud initiative, according to European organizations, is the migration of more workloads to the cloud (70%). This is followed by optimizing current cloud usage to save money (59%) and advancing a cloud-first strategy (50%). (Grandviewresearch)
  39. More than a third of global expenditure is spent on professional services (12.2%), discrete manufacturing (11.8%), and banking (10.6%). In 2022, each industry expects to spend more than $20 billion on cloud services. (Unknown)
  40. Future cloud computing trends indicate that process manufacturing and retail will also heavily invest in the cloud. They will be the other two industries in 2022 to be among the top five spenders. (Unknown)
  41. North America leads the way, accounting for 61% of the total market in 2020. That is three times the size of the second largest market, Western Europe, which accounts for 21% of the total market. Africa has the smallest market. (Pandasecurity)
  42. According to Panda Security, 48% of businesses that keep their classified, primary data in the cloud, including encrypted and "normal" data, appear to have a high level of trust in cloud computing.(Unknown)
  43. End-user spending on cloud services will total $270 billion by 2020. This is expected to increase by 23.1% to $332.3 billion in 2021. This figure is expected to rise to $397.5 billion by 2022, according to projections. (Grandviewresearch)
  44. Organizations appear to have a high level of trust in cloud computing as a whole, with 48% of businesses choosing to store their most sensitive and important data on the cloud, which includes both encrypted and "regular" data. (Canalys)
  45. A multi-cloud strategy, according to Flexera, focuses on using multiple cloud providers, such as Google Cloud or AWS. If one of the services is unavailable for any reason, the company can switch to a working backup for disaster recovery. As a result, 92% of businesses already have a multi-cloud strategy in place.(Unknown)
  46. When we think of cyber attacks, we frequently see hackers exploiting integrated cloud IT infrastructure flaws, according to Tesian. The reality, on the other hand, is far worse, owing primarily to human error. In 88% of cases, human error, not cloud providers, is to blame for cloud failures. Phishing schemes are twice as common in men as in women, with 34% participating (17%).(Unknown)
  47. The most critical cloud project, according to Flexera, is the migration of more workloads to the cloud (70%). The current cloud utilization is then optimized in order to reduce expenses (59%) and advance the first cloud strategy (50%).(Unknown)
  48. The adoption rate of hybrid cloud is 58%.(Unknown)
  49. Almost every enterprise (84% of cloud users) has a multi-cloud strategy. In other words, they use more than one public or private cloud. (Unknown)
  50. More than 90% of enterprises will use a hybrid cloud environment to meet their infrastructure needs by 2022. (Source)
  51. The cloud computing market is expected to be worth $832.1 billion by the end of 2025 (up from $371.4 billion in 2020). (Source)
  52. The Citadel, as the name suggests, is the largest data center ever built and is located in Tahoe Reno, Nevada. Its largest currently built facility is a whopping 1.3 million square feet in size, while the entire campus will eventually house eight separate data centre structures and span over 7.2 million square feet of server space. (Wikipedia)
  53. With a five-year CAGR of 33.7%, IaaS is the fastest-growing cloud spending service. (Data from IDC)
  54. The very lucrative video streaming market is expected to be worth $59.14 billion by 2021 (for more information, see our streaming statistics guide). This includes video streaming behemoth Netflix, established services like HBO, and newcomers like Disney+. With a compound annual growth rate (CAGR) of 21%, this market is expected to reach $223.98 billion in revenue by 2028. (Statista)
  55. Although SaaS remains the largest cloud computing segment in terms of revenue, IaaS is gaining ground. In fact, all services are seeing an increase in adoption year over year. The infrastructure service simply accelerates progress. PaaS spending follows with a CAGR of 29.8%.
  56. Almost 50% of the U.S. Government Organizations Use The Cloud. (Unknown)
  57. Salesforce, one of the best CRMs, has a market capitalization of more than $200 billion. 18 However, the video conferencing service Zoom has arguably benefited the most from the COVID-19 pandemic. Its market value is estimated to be more than $90 billion19, a significant increase from its 2019 valuation of around $20 billion. (Canalys)
  58. In 2018, cloud infrastructure spending surpassed $80 billion.(Unknown)
  59. A multi-cloud strategy makes use of multiple cloud service providers, such as Netooze or AWS. If one of the services becomes unavailable, the organization can switch to a working backup for disaster recovery. As a result, 92% of organizations already have a multi-cloud strategy in place. (Marketsandmarkets)
  60. Enterprises face numerous challenges, but three of the most pressing are security (83%), cloud computing spending management (82%), and governance (79%). Businesses lament the fact that approximately 30% of their cloud budget is squandered. Cloud computing, on the other hand, makes data governance much easier, with tools like the excellent EFSS, Egnyte. (Macrotrends)
  61. Within Six Months of Moving to The Cloud, 80% of Companies see Improvements Within Their IT Department. 80% of companies claim it reduces IT costs. Cloud computing systems not only offer safe storage and flexible access, but they also offer collaboration solutions for staff with cloud access.(Unknown)
  62. 90% of businesses use the cloud. (Reference: 451) This statistic demonstrates that the cloud was already widely used in 2019. Furthermore, experts estimate that 60% of workloads will be hosted on a cloud service in 2019. In 2018, the cloud-hosted 45% of all workloads.(Unknown)
  63. Although other delivery models are gaining traction, SaaS remains the most popular. According to cloud computing statistics, four out of every five businesses use IaaS, and nearly two-thirds (61%) use PaaS.
  64. The remote desktop software market was worth $1.53 billion in 2019 and is expected to grow to $4.69 billion by 2027 at a CAGR of 15.1%. Remote desktop software, such as TeamViewer and Chrome Remote Desktop, allows you to connect to a remote computer and work on it via a remote internet connection. (According to Fortune Business Insights)
  65. Cloud services democratize AI, allowing companies that face a high entry barrier to use it. You see investing in AI has traditionally required a high level of technical expertise, computer power, and large sums of money. However, organizations can use and benefit from AI technology delivered via cloud services without making significant upfront investments.
    Combining AI and cloud services enables businesses to maximize the benefits of both applications. The cloud offers a cost-effective alternative to expensive on-site hardware and software, while continuous data backup and recovery are alternatives to standard settings in a virtual environment. Simultaneously, AI enables the cloud to manage data and gain insight into information dispersed throughout the system.

With these facts, the future of Cloud Computing Technology appears to be very bright, and companies that choose to adopt the cloud are seeing incredible immediate impressive benefits. There is no doubt that the cloud has progressed from being the "cool kid in class" with dubious substance to a fully recognized credible technology solution for individuals and businesses alike. And it is for this reason that there is a gold rush to adopt the Cloud as soon as possible.

Considering Making the Switch?

You can begin planning your path to the cloud now that you have the facts and an understanding of Cloud Computing.

Final Thoughts

The Data Is Clear: The Cloud Is Our Future.
That's all for now, folks.

Netooze® is a cloud platform, offering services from data centers globally. When developers can use the straightforward, economical cloud that they love, businesses expand more quickly. With predictable pricing, thorough documentation, and scalability to support business growth at any stage, Netooze® has the cloud computing services you need. Startups, enterprises, and government agencies can use Netooze® to lower costs, become more agile, and innovate faster.

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