Product Code: 7680
The Global Cloud Computing Market, valued at USD 700.12 Billion in 2024, is projected to experience a CAGR of 17.02% to reach USD 1797.77 Billion by 2030. Cloud computing refers to the on-demand delivery of computing services-including servers, storage, databases, networking, software, analytics, and intelligence-over the Internet, allowing users to access scalable resources without direct management of physical infrastructure. Key market growth drivers encompass pervasive digital transformation initiatives across industries, the imperative for flexible and scalable IT environments, and the drive for enhanced operational efficiency and cost optimization.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 700.12 Billion |
| Market Size 2030 | USD 1797.77 Billion |
| CAGR 2025-2030 | 17.02% |
| Fastest Growing Segment | Private |
| Largest Market | North America |
Key Market Drivers
As organisations upgrade outdated systems and improve internal processes, they are increasingly turning to cloud platforms for flexible and scalable infrastructure. Cloud computing allows businesses to modernise operations, boost efficiency, and introduce new digital services more quickly. This shift is clearly reflected in enterprise system upgrades. According to ASUG, in July 2024, its 2024 ASUG SAP S/4HANA Journeys: Voice of the ASUG Member report found that 45% of respondents were already live on SAP S/4HANA or had begun migration, showing strong movement toward cloud-based enterprise systems to support broader digital transformation goals.
Key Market Challenges
The persistent concern surrounding data security, privacy, and navigating complex regulatory compliance frameworks across diverse jurisdictions significantly impedes the continued expansion of the global cloud computing market. The increasing frequency and sophistication of cyber threats elevate enterprise apprehension about migrating sensitive workloads to cloud environments. This apprehension is well-founded, as organizations confront substantial risks related to data compromise and system integrity.
Such incidents underscore the inherent vulnerabilities within cloud deployments and fuel reluctance among potential adopters, particularly those operating in highly regulated industries.
Key Market Trends
The proliferation of edge computing architectures is a significant trend, extending processing capabilities closer to data generation sources. This addresses the escalating demand for low-latency computation and reduced bandwidth consumption, particularly for applications like industrial IoT, real-time analytics, and autonomous systems. Distributing computing power facilitates faster data processing and localized decision-making, improving operational efficiency and resilience. According to the Linux Foundation's "State of the Edge Report 2023," published in November 2023, the convergence of edge computing, artificial intelligence, and the Internet of Things is increasingly driving innovation and efficiency across the industrial sector. This decentralization complements existing cloud models, fostering hybrid environments that optimize performance and data governance.
Key Market Players
- Amazon Inc.
- Microsoft Corporation
- Google LLC
- IBM Corporation
- Oracle Corporation
- Alibaba Group Holding Limited
- Salesforce, Inc.
- Broadcom, Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP
Report Scope:
In this report, the Global Cloud Computing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Cloud Computing Market, By Service:
Cloud Computing Market, By Deployment:
Cloud Computing Market, By Application Type:
- Government
- Small and Medium Sized Enterprises
- Large Enterprises
Cloud Computing Market, By End-User:
- IT & Telecom
- BFSI
- Retail & Consumer Goods
- Healthcare
- Others
Cloud Computing Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Cloud Computing Market.
Available Customizations:
Global Cloud Computing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Cloud Computing Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Service (SaaS, IaaS, PaaS)
- 5.2.2. By Deployment (Public, Private, Hybrid)
- 5.2.3. By Application Type (Government, Small and Medium Sized Enterprises, Large Enterprises)
- 5.2.4. By End-User (IT & Telecom, BFSI, Retail & Consumer Goods, Healthcare, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2024)
- 5.3. Market Map
6. North America Cloud Computing Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Service
- 6.2.2. By Deployment
- 6.2.3. By Application Type
- 6.2.4. By End-User
- 6.2.5. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Cloud Computing Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Service
- 6.3.1.2.2. By Deployment
- 6.3.1.2.3. By Application Type
- 6.3.1.2.4. By End-User
- 6.3.2. Canada Cloud Computing Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Service
- 6.3.2.2.2. By Deployment
- 6.3.2.2.3. By Application Type
- 6.3.2.2.4. By End-User
- 6.3.3. Mexico Cloud Computing Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Service
- 6.3.3.2.2. By Deployment
- 6.3.3.2.3. By Application Type
- 6.3.3.2.4. By End-User
7. Europe Cloud Computing Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Service
- 7.2.2. By Deployment
- 7.2.3. By Application Type
- 7.2.4. By End-User
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Cloud Computing Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Service
- 7.3.1.2.2. By Deployment
- 7.3.1.2.3. By Application Type
- 7.3.1.2.4. By End-User
- 7.3.2. France Cloud Computing Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Service
- 7.3.2.2.2. By Deployment
- 7.3.2.2.3. By Application Type
- 7.3.2.2.4. By End-User
- 7.3.3. United Kingdom Cloud Computing Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Service
- 7.3.3.2.2. By Deployment
- 7.3.3.2.3. By Application Type
- 7.3.3.2.4. By End-User
- 7.3.4. Italy Cloud Computing Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Service
- 7.3.4.2.2. By Deployment
- 7.3.4.2.3. By Application Type
- 7.3.4.2.4. By End-User
- 7.3.5. Spain Cloud Computing Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Service
- 7.3.5.2.2. By Deployment
- 7.3.5.2.3. By Application Type
- 7.3.5.2.4. By End-User
8. Asia Pacific Cloud Computing Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Service
- 8.2.2. By Deployment
- 8.2.3. By Application Type
- 8.2.4. By End-User
- 8.2.5. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Cloud Computing Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Service
- 8.3.1.2.2. By Deployment
- 8.3.1.2.3. By Application Type
- 8.3.1.2.4. By End-User
- 8.3.2. India Cloud Computing Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Service
- 8.3.2.2.2. By Deployment
- 8.3.2.2.3. By Application Type
- 8.3.2.2.4. By End-User
- 8.3.3. Japan Cloud Computing Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Service
- 8.3.3.2.2. By Deployment
- 8.3.3.2.3. By Application Type
- 8.3.3.2.4. By End-User
- 8.3.4. South Korea Cloud Computing Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Service
- 8.3.4.2.2. By Deployment
- 8.3.4.2.3. By Application Type
- 8.3.4.2.4. By End-User
- 8.3.5. Australia Cloud Computing Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Service
- 8.3.5.2.2. By Deployment
- 8.3.5.2.3. By Application Type
- 8.3.5.2.4. By End-User
9. Middle East & Africa Cloud Computing Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Service
- 9.2.2. By Deployment
- 9.2.3. By Application Type
- 9.2.4. By End-User
- 9.2.5. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Cloud Computing Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Service
- 9.3.1.2.2. By Deployment
- 9.3.1.2.3. By Application Type
- 9.3.1.2.4. By End-User
- 9.3.2. UAE Cloud Computing Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Service
- 9.3.2.2.2. By Deployment
- 9.3.2.2.3. By Application Type
- 9.3.2.2.4. By End-User
- 9.3.3. South Africa Cloud Computing Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Service
- 9.3.3.2.2. By Deployment
- 9.3.3.2.3. By Application Type
- 9.3.3.2.4. By End-User
10. South America Cloud Computing Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Service
- 10.2.2. By Deployment
- 10.2.3. By Application Type
- 10.2.4. By End-User
- 10.2.5. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Cloud Computing Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Service
- 10.3.1.2.2. By Deployment
- 10.3.1.2.3. By Application Type
- 10.3.1.2.4. By End-User
- 10.3.2. Colombia Cloud Computing Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Service
- 10.3.2.2.2. By Deployment
- 10.3.2.2.3. By Application Type
- 10.3.2.2.4. By End-User
- 10.3.3. Argentina Cloud Computing Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Service
- 10.3.3.2.2. By Deployment
- 10.3.3.2.3. By Application Type
- 10.3.3.2.4. By End-User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Cloud Computing Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Amazon Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Microsoft Corporation
- 15.3. Google LLC
- 15.4. IBM Corporation
- 15.5. Oracle Corporation
- 15.6. Alibaba Group Holding Limited
- 15.7. Salesforce, Inc.
- 15.8. Broadcom, Inc.
- 15.9. Cisco Systems, Inc.
- 15.10. Hewlett Packard Enterprise Development LP
16. Strategic Recommendations
17. About Us & Disclaimer