Cloud Computing Market Size, Share & Trends Analysis Report By Deployment (Public, Private, Hybrid), By Service (IaaS, PaaS, SaaS), By Workload, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2025 - 2030

Cloud Computing Market Growth & Trends

The global cloud computing market size is estimated to reach USD 2,390.18 billion by 2030, registering to grow at a CAGR of 20.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is experiencing significant growth fueled by several key factors. Firstly, the rising adoption of cloud-native applications across diverse sectors like banking and supply chain automation is driving demand. These applications offer businesses a faster and more efficient way to develop, manage, and roll out web services. For instance, in June 2023, First Abu Dhabi Bank (FAB) partnered with IBM to migrate its applications to the cloud. This move will enable FAB to optimize its technology infrastructure and deliver a seamless digital experience for its customers. Cloud adoption empowers businesses with greater agility and scalability, allowing them to adapt more effectively to changing market demands and customer needs.

Secondly, the increasing use of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and 5G is further propelling the market. These technologies require immense data processing power and storage capabilities, which cloud computing solutions provide readily. Businesses can leverage the cloud to efficiently store, access, and manage the vast amount of data generated by modern technologies like smartphones, computers, and the Internet. This data is crucial for businesses to personalize services and deliver tailored experiences to their consumers.

In March 2023, NVIDIA Corporation, a leading GPU provider, announced cloud services that empower businesses to refine, operate, and build custom large language and generative AI models. These services, utilized by companies like Morningstar and Getty Images, showcase the cloud's role in lowering technological barriers and enabling advancements in AI across various industries. Cloud computing provides the necessary infrastructure for businesses to handle complex computations associated with AI applications like personalized recommendations and data analysis.

The market growth is also driven by continuous innovation and expansion. Cloud service providers are constantly developing new solutions, services, and workloads to enhance their offerings and solidify their market positions. Additionally, prominent players are expanding their reach globally by opening data centers in new regions. This facilitates digital transformation in developing countries and expands the market potential for cloud computing solutions.

In June 2023, Microsoft Corporation announced the launch of its first Italian cloud region. This move provides Italian organizations with access to scalable, secure, and readily available cloud services. By establishing data centers in new regions, cloud providers cater to the growing demand for digital solutions and contribute to economic growth in those areas. The combined forces of application adoption, data demands, technological advancements, and continuous innovation ensure the continued expansion of the market in the coming years.

Cloud Computing Market Report Highlights

  • Based on service, the market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).
  • Based on workload, the market is segmented into application development & testing, data storage & backup, resource management, orchestration services, and others.
  • Based on deployment, the market is segmented into public, private, and hybrid. The private segment dominated the cloud computing industry with a revenue share of over 46.0% in 2024.
  • Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs).
  • The BFSI segment dominated the market and accounted for a revenue share of over 24.0% of the global revenue in 2024.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Cloud Computing Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Cloud Computing Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Cloud Computing Market Service Outlook
4.1. Cloud Computing Market, By Service Analysis & Market Share, 2024 & 2030
4.2. Infrastructure as a Service (IaaS)
4.2.1. Infrastructure as a Service (IaaS) market estimates and forecasts, 2018 - 2030 (USD Billion)
4.3. Platform as a Service (PaaS)
4.3.1. Platform as a Service (PaaS) market estimates and forecasts, 2018 - 2030 (USD Billion)
4.4. Software as a Service (SaaS)
4.4.1. Software as a Service (SaaS) market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Cloud Computing Market Deployment Outlook
5.1. Cloud Computing Market, By Deployment Analysis & Market Share, 2024 & 2030
5.2. Public
5.2.1. Public market estimates and forecasts, 2018 - 2030 (USD Billion)
5.3. Private
5.3.1. Private market estimates and forecasts, 2018 - 2030 (USD Billion)
5.4. Hybrid
5.4.1. Hybrid market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Cloud Computing Market Enterprise Size Outlook
6.1. Cloud Computing Market, By Enterprise Size Analysis & Market Share, 2024 & 2030
6.2. Small & Medium Enterprises
6.2.1. Small & Medium Enterprises market estimates and forecasts, 2018 - 2030 (USD Billion)
6.3. Large Enterprise
6.3.1. Large enterprise market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Cloud Computing Market End Use Outlook
7.1. Cloud Computing Market, By End Use Analysis & Market Share, 2024 & 2030
7.2. BFSI
7.2.1. BFSI market estimates and forecasts, 2018 - 2030 (USD Billion)
7.3. IT & Telecom
7.3.1. IT & telecom market estimates and forecasts, 2018 - 2030 (USD Billion)
7.4. Retail & Consumer Goods
7.4.1. Retail & consumer goods market estimates and forecasts, 2018 - 2030 (USD Billion)
7.5. Manufacturing
7.5.1. Manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
7.6. Energy & Utilities
7.6.1. Energy & utilities market estimates and forecasts, 2018 - 2030 (USD Billion)
7.7. Healthcare
7.7.1. Healthcare market estimates and forecasts, 2018 - 2030 (USD Billion)
7.8. Media & Entertainment
7.8.1. Media & entertainment market estimates and forecasts, 2018 - 2030 (USD Billion)
7.9. Government & Public Sector
7.9.1. Government & public sector market estimates and forecasts, 2018 - 2030 (USD Billion)
7.10. Others
7.10.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Cloud Computing Market: Regional Estimates & Trend Analysis
8.1. Cloud Computing Market Share, By Region, 2024 & 2030, USD Billion
8.2. North America
8.2.1. North America Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.2.2. U.S.
8.2.2.1. U.S. Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.2.3. Canada
8.2.3.1. Canada Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.2.4. Mexico
8.2.4.1. Mexico Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.3. Europe
8.3.1. Europe Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.3.2. UK
8.3.2.1. UK Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.3.3. Germany
8.3.3.1. Germany Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.3.4. France
8.3.4.1. France Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4. Asia Pacific
8.4.1. Asia Pacific Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4.2. China
8.4.2.1. China Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4.3. Japan
8.4.3.1. Japan Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4.4. Australia
8.4.4.1. Australia Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.4.5. South Korea
8.4.5.1. South Korea Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.5. Latin America
8.5.1. Latin America Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.5.2. Brazil
8.5.2.1. Brazil Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.6.2. UAE
8.6.2.1. UAE Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.6.3. Saudi Arabia
8.6.3.1. Saudi Arabia Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
8.6.4. South Africa
8.6.4.1. South Africa Cloud Computing Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Alibaba Cloud
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Amazon Web Services, Inc.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. CloudHesive
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Coastal Cloud
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. DigitalOcean
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Google
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. GroundCloud
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. IBM
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Microsoft Corporation
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Oracle Corporation
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
9.4.11. Rackspace Technology, Inc.
9.4.11.1. Participant’s Overview
9.4.11.2. Financial Performance
9.4.11.3. Product Benchmarking
9.4.11.4. Strategic Initiatives
9.4.12. Salesforce, Inc.
9.4.12.1. Participant’s Overview
9.4.12.2. Financial Performance
9.4.12.3. Product Benchmarking
9.4.12.4. Strategic Initiatives
9.4.13. Tencent
9.4.13.1. Participant’s Overview
9.4.13.2. Financial Performance
9.4.13.3. Product Benchmarking
9.4.13.4. Strategic Initiatives
9.4.14. The Descartes Systems Group Inc.
9.4.14.1. Participant’s Overview
9.4.14.2. Financial Performance
9.4.14.3. Product Benchmarking
9.4.14.4. Strategic Initiatives
9.4.15. VMware LLC
9.4.15.1. Participant’s Overview
9.4.15.2. Financial Performance
9.4.15.3. Product Benchmarking
9.4.15.4. Strategic Initiatives

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