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What’s this cloud nonsense everybody is talking about?
And where EXACTLY is this fictional cloud located?
Up in the sky?
Seriously now, how can I benefit from it?
If you have the same questions, you clearly came to the right place!
Today, cloud computing statistics state this is a $100 billion industry that is yet to reach its peak.
How about some stats before we move on?
Astonishing Cloud Computing Statistics
- 90% of companies use some type of cloud service.
- 80% of enterprises use Amazon Web Services as their primary cloud platform.
- 77% of enterprises have at least one application or a portion of it in the cloud.
- Enterprises use 1,427 distinct cloud services on average.
- 60% of organizations use cloud technology to store confidential data.
Now that we know some necessary cloud computing facts and figures, let’s get into the nitty-gritty.
First things first:
What Is the Cloud?
The cloud is an adequate alternative to website hosting and storing data in a physical location. It enhances stability and security. What’s more, it gives companies greater flexibility and can even reduce certain costs.
Given the lack of physical space, digital is the next best thing. And in a world where data is paramount, having a place to put it is key.
People fondly remember the good all days of storing data on hard drives and flash devices.
The cloud makes everything so much easier!
You just pop the info in, and up it goes. You can access it and bring it back down whenever you want to.
Now, let’s get some basic cloud computing facts out of the way.
What Are the Main Cloud Types?
There are three different types of clouds:
- Public: Used to deliver services across the internet.
- Private: Aimed at internal use of an organization.
- Hybrid: A combination of the two.
What Are the Main Types of Cloud Services?
- Software as a Service (SaaS): Apps accessible by the client via a web browser or a smaller application (e.g. Gmail, Google Drive, Google Play).
- Platform as a Service (PaaS): An area where apps are developed and tested.
- Infrastructure as a Service (IaaS): A place for computing resources in a virtual environment.
Not going too fast, am I? Here are some fun facts about cloud computing to get you started!
Which Are the Best Cloud Computing Providers?
Although there are many providers out there, the top three dogs are:
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud
Still with us?
Jeeeez, you really want to find out more about the cloud computing service industry. And with good reason – it is predicted to reach a remarkable revenue of $150 billion by 2020.
We got you covered with all the essential stats currently available, so keep on reading.
Fascinating Facts About the Cloud
1. The US is predicted to spend a total of $124.6 billion on cloud services in 2019.
According to the latest cloud computing statistics for 2019, the total expenditure worldwide will reach a figure of $210 billion by the end of the year. This amounts to a 23.8% increase from 2018.
The US is the largest market, with forecast spending on cloud services reaching $124.6 billion this year. The top five list is as follows:
- US ($124.6 billion)
- China ($10.5 billion)
- UK ($10 billion)
- Germany ($9.5 billion)
- Japan ($7.4 billion)
2. 90% of companies use some type of cloud service.
According to the 451 Research “Voice of the Enterprise” survey from 2017, about 90% of companies will be using some kind of cloud service within two years.
These cloud computing growth statistics predicted the future pretty accurately. Additionally, 60% of the workload will be run by a hosted cloud service by 2019, compared to 45% in 2017.
(Source: 451 Research)
3. 74% of tech chief financial officers agreed that cloud computing had the largest impact on their business in 2017.
According to Forbes, more than 70% of CFOs exclaimed that cloud computing technology had a groundbreaking impact on their business. Integration networks allowed cloud platforms to coordinate more globally. Predictions based on cloud computing statistics for 2017 suggest an even higher usage and growth in benefits.
The same CFOs also added that Artificial Intelligence, 3D printing, and virtual reality are some other future technologies.
(Source: Sys Group)
4. 83% of enterprise workloads are going to be on cloud by 2020.
With so many industries and companies adopting cloud services, experts predict that by 2020, a total of 83% of workloads done by various enterprises will end up on the cloud. Statistics on cloud computing reveal that 41% of the workload will be done on public platforms, 20% on private ones, and 22% on hybrid cloud platforms.
On the other hand, on-premise workloads are expected to decrease from 37% to 27% by 2020.
5. Demand for cloud services grows by 18% in 2019.
More and more companies are looking into cloud services and have made it a priority to implement it into their business dealings. This resulted in $246.8 billion in revenue worldwide, a big increase from last year’s $209.2 billion. The rapid development of cloud computing market trends took everyone by surprise.
Two years ago, Forester predicted a cloud platform revenue of $64 billion by 2020. The latest estimates suggest an increase of 45%. Additionally, the cloud application market is expected to reach $155 billion in revenue by 2020, a 17% increase from 2014.
(Source: Sys Group)
6. Most IT professionals say security is their number one concern when adopting an enterprise cloud computing strategy.
Cloud adoption statistics say a total of 66% of IT professionals identified security as their main concern when it comes to adopting a cloud computing strategy. However, to resolve this issue, most cloud service providers started strengthening their platforms for additional security. One such example is Verizon, which acquired Niddel to tackle this issue.
Other concerns included resolving the lack of experience with cloud services when it comes to staff members (58%), compliance goals and attaining governance on cloud platforms (60%), and vendor lock-ins (47%).
7. The hosting, storage, and computing cloud service market is estimated to be worth $163 billion by 2021.
Statista’s facts about cloud computing revealed some very important future trends. The IT Market Model is divided into two parts – hosting, storage and computing, plus cloud security. Their predictions on the former have estimated that the possible revenue will be $140.9 billion in 2018. But what is more important for the cloud computing industry of the future is that it predicts that the hosting, storage, and computing cloud service revenue will amount to $163 billion by 2021.
8. 80% of enterprises use Amazon Web Services as their primary cloud platform.
Amazon Web Services (AWS) has emerged as one of the most popular cloud platforms. Exactly 80% of professionals in the industry are either already running their services using AWS or are thinking about doing so.
Coming as a close runner-up at 67% is the Microsoft Azure platform. 45% of entrepreneurs are already using it, while 22% are experimenting with it.
Finally, 18% prefer using Google’s Cloud Platform, with 23% thinking of using the platform in the future.
9. There were 3.6 billion cloud users in 2018.
The number of cloud users keeps growing constantly according to cloud computing statistics from 2018. They have revealed that there were 3.6 billion consumers, with the number increasing at a head-spinning rate. For comparisons, back in 2013, there were 2.4 billion consumer cloud users – and this number will double by the end of this year.
Note that consumer cloud refers to solutions for cloud services performed every day on iCloud, Dropbox, and cloud password solutions.
(Source: Vision Computer Solutions)
Cloud Computing Adoption Stats
10. Hybrid cloud adoption tramples all other forms of infrastructure in IT usage.
According to statistics on cloud computing adoption, the use of hybrid cloud infrastructures is by far the most popular one in all IT sectors. Even though both private and public ones are increasing their adoption rate, the hybrid one is not going to be surpassed any time soon. Its main use is in insurance (73%), while public cloud services are the most popular in hotel and leisure use (28%), while private ones dominate in engineering (30%).
- Insurance: 73% hybrid – 18% private – 9% public
- Retail & Logistics: 66% hybrid – 21% private – 13% public
- Manufacturing: 65% hybrid – 19% private – 16% public
- Utilities: 62% hybrid – 21% public – 18% private
- Software & Technology: 59% hybrid – 21% public – 20% private
11. Cloud computing trends indicate that 69% of organizations will use multi-cloud environments in 2019.
According to a 451 Research survey, more and more businesses are turning towards multi-cloud solutions. In a survey of 1,000 people, 80% of the companies said they use a multi-cloud strategy.
Of course, most of them do not stop at two. On average, companies use 4.8 clouds to run applications and tests. Additionally, multi-cloud environments more often than not include the use of hybrid clouds.
12. Enterprise SaaS market currently generate $20 billion by quarter for software vendors.
Software as a service (SaaS) is the largest segment of cloud computing. The latest statistics of cloud computing say it is responsible for more than half of the total cloud computing revenue worldwide.
SaaS is also the fastest-growing service among the three available ones, and its revenue number is growing by 32% a year!
13. Cloud adoption will be taken by employees without any IT background.
A Capgemini survey of 460 companies from around the world suggested people without an IT background will make cloud-related decisions. In fact, we might expect to see executives, chief marketing officers, people from the HR department, finance, and administration implementing them.
The new development in cloud computing allows the strategy to affect the activity of employees from different departments. Businesses actually view this as an opportunity for better team collaboration between employees and different departments.
However, there are some concerns that come with this kind of innovation. The main issues that seem problematic for now have to do with privacy, security, service level agreements, and interoperability and portability.
(Source: Rick’s Cloud)
14. More companies will start to invest in public and private clouds.
Once cloud services became mainstream, more than 90% of companies began using some kind of a cloud computing service. According to the latest cloud computing statistics, most of them utilize either hybrid options or multi-clouds. However, some experienced users are looking into moving away from hybrid cloud options.
The solution – investing in public and private cloud computing services!
One of the highlights of the Rightscale report is that many companies are prioritizing public cloud services – 38% to be exact. On the other hand, prioritizing hybrid cloud services has dropped by 5% and now amounts to 45%.
On average, companies use 2.7 public and 3 public clouds per company.
15. Asia-Pacific is the fastest-growing cloud storage market.
The growth of cloud computing stats puts the Asia-Pacific region at the top of the rankings. Currently, the highest rate is in China and India.
Cloud services have grown spectacularly in India, with the figure reaching $1.8 billion in 2017, which is further expected to rise to $4.1 billion by 2020. What’s more, India is the fastest-growing cloud service market, second only to China. It had a GDP of 7.2% in Q3 2018, as the latest cloud storage statistics reveal.
Even though there are certain problems that come with the lack of consistent high-speed internet in India, the cloud is in high demand. Other problems include power supply, optical fiber connection, and bandwidth. However, India is poised to develop in this field. Due to an increased need for business innovation in a very competitive market, cloud services in the subcontinent will continue to expand in the foreseeable future.
(Source: Mordor Intelligence)
Facts on Cloud Computing Usage
16. 77% of enterprises have at least one application or a portion of it in the cloud.
Cloud computing usage statistics reveal that organizations that have at least one app in the cloud go in the high 70s percentage-wise. Furthermore, the figure will most likely go up next year – statistics on the matter reveal that 15% of enterprises are planning to follow suit.
17. Enterprises use 1,427 distinct cloud services on average.
The number of distinct cloud services that enterprise use has jumped by 23% over the course of a year. If we look at it from 2013, it has more than tripled!
Cloud computing company stats confirm that an average employee working at an enterprise uses 36 cloud services at work – 9 collaboration, 5 content-sharing, and 6 file-sharing services.
On the other hand, the entire company uses 210 distinct collaboration cloud services and 76 distinct file-sharing services.
18. British firms are the sixth biggest cloud consumers in the EU but have the highest adoption rate.
Among all of the EU countries, the UK is the sixth biggest user of cloud technology. However, Britain alone has an adoption rate of 41.9%, much higher than the EU average of 26.2%.
Current cloud computing usage statistics state that Finland is the leading country in the EU with 65.3%, followed by Sweden at 57.2%. Denmark is in third place with 55.6%.
(Source: Cloud Pro)
19. Swedish enterprises mostly use cloud service for file storage and email hosting.
The number of purchased cloud services by enterprises greatly increased between 2016 and 2018 in Sweden. File storage was the most purchased type of cloud service, jumping from 33% to 42% in two years, followed by email services, now at 41% compared to 32% two years prior.
However, stats on cloud computing show that the use of office software, spreadsheets, and word processing, has grown the most, jumping from 21% to 30% in a two-year span. Accounting and financial management software also saw a considerable increase.
About 33% of companies that bought cloud services shared their servers with other enterprises, while 21% obtained a dedicated server.
20. Amazon owns the majority of existing cloud service infrastructure.
Amazon Web Service has five times more infrastructure than its next 14 competitors combined. This gives you a good idea of how dominant AWS actually is.
Cloud computing stats say that AWS has over a million active users spread across 190 countries. This supports the fact that AWS covers 41.5% of the entire public cloud market.
In 2018 alone, AWS earned $26 billion in revenue for parent company Amazon.
(Source: Visual Capitalist)
Cloud Spend Statistics
21. Worldwide public cloud service market to grow to $331.2 billion by 2022.
According to a report published by Gartner, the share of public services is supposed to attain a revenue of $331.2 billion by 2022, up from $182.4 billion in 2018.
Cloud computing forecasts also indicate a compound annual growth rate (CAGR) of 12.6% for the same period.
There is already a massive 17.5% revenue increase for 2018-2019.
22. IaaS is forecast to grow by 27.6% in 2019.
Currently, cloud system infrastructure services (IaaS) are the fastest-growing segment on the market. Gartner estimates a 27.6% increase in revenue for 2019, an increase from $31 billion in 2018 to $39.5 billion according to their latest cloud computing predictions.
Gartner also expects that 90% of companies that purchase public cloud IaaS will do so from an integrated IaaS and PaaS provider.
Nevertheless, software as a service (SaaS) will remain the biggest segment on the cloud market, with expected revenue of $85.1 billion for 2019.
23. The average cloud budget increased to $2.2 million in 2018.
A study of cloud computing trends conducted by IDG came up with some pretty interesting findings about the average cloud budget by company. Remarkably, cloud computing figures grew from $1.62 million in 2016 to $2.2 million for 2018.
However, they also stated that results vary based on the size of the company.
In fact, large enterprises invest as much as $3.5 million on average, while SMBs invest $889.000.
24. Public cloud IT software service expenditures are expected to reach $216 billion by 2022.
As the cloud computing industry continues to grow, investments are also going up. With cloud computing market share expanding, it is no wonder maintenance costs are sky-high.
Back in 2015, the global spending on IT software services was $67 billion. Statista predicts that the amount spent on public cloud software (SaaS) and platform services (PaaS) will reach $216 billion mark by the end of 2022.
25. UK government spending on the transition to cloud has more than doubled since 2014.
The UK government is now spending more than £1 billion per year as it goes through cloud transition. Migrating to the cloud is a long process, and cloud computing growth is often costly.
In fact, Westminster has already invested £1.3 as of April 2019. Between 2017 and 2018, the government spent a total of £1.1 billion on hosting, support, and software.
Funny thing is, the costs for 2014 amounted to only £421 million – but they’ll keep going up for the duration of the transition.
(Source: Tech Radar)
Cloud Computing Safety & Security Facts
26. 95% of cloud security failures are caused by users rather than providers.
According to Gartner’s cloud computing stats, more than 90% of breaches are the user’s fault and not the provider’s.
Cloud safety is the number one concern of many CIOs, and most of them are trying to improve on this. However, many are asking the wrong question.
The right question is:
“Am I using the cloud securely?”
Organizations have to develop comprehensive cloud strategies that should lessen risks. Some even suggest that the best way forward is to hire an unbiased third party to perform a vulnerability assessment of the system.
27. 90% of data breaches and cyberattacks are caused by human error.
Some of the more interesting facts about computing suggest its own employees are the biggest threat to an organization’s security.
Phishing scams account for 34% of data breaches.
Clicking a link with ransomware happens 19% of the time.
In addition to strengthening cybersecurity, companies need to train their employees. People management protocols, which include employee education, are the best way to reduce the risk of an unwanted breach.
28. The average enterprise experiences 23.2 cloud-related threats a month.
Cloud computing statistics show that not everything stored on the cloud is safe. In fact, the average enterprise faces at least 20 breach attempts each month, and almost every organization is hit once in 30 days.
The danger of cloud breach has increased by 18.4% since 2016.
Lloyds Insurance says global cloud cyberattacks amount to $53 billion per year.
29. Cloud service providers treat cloud security as a shared responsibility.
IT security is a massive issue. And as plenty of cloud computing user stats pin the fault on the user, many providers come out to say reducing the risk is a joint venture.
Cloud computing providers say that, in order to protect the data stored on the cloud, all parties must act accordingly.
Some of the top cloud security issues include:
- Lack of visibility about the data in the cloud.
- Theft of data by foreign actors.
- Incomplete control of access to sensitive data.
- Lack of skilled staff to manage security.
30. The cost of a data breach amounts to $3.86 million on average worldwide.
The latest stats about cloud computing safety by Ponemon Institute say that the cost of a data breach amounts to nearly $4 million dollars. That is $148 per compromised record.
The statistics vary by region and country, so the average in the US is up to $7.9 million. In Brazil, it is about $1.24 million.
However, if you act quickly and address the issue in the first 30 days, you can save up to $1 million on average.
(Source: Eastern Peak)
31. 60% of organizations use cloud technology to store confidential data.
When it comes to safety-related cloud technology facts, an uplifting one is that 60% of companies use the cloud to store sensitive data. This information comes from a survey conducted by the Ponemon Institute, which also reveals that organizations tend to do so whether the data is encrypted or not.
Most business organizations trust cloud services – and their future is bright.
(Source: Hashed Out)
The Benefits and Downsides of the Cloud Computing Industry
If you have read all the cloud computing market stats above carefully, you should have a pretty good idea of how beneficial this industry is. However, nothing in life comes without its downsides.
Why should we use the cloud?
Now is probably the best time to get on the cloud! Technology has reached a certain level that dictates the way people live their lives. So, if you are one of those progressive people who are all in favor of the advancement of technology, you will most certainly embrace current trends in cloud computing.
Here’s the thing:
- Accessibility: Access your date from anywhere in the world at any time.
- Flexibility: Purchase cloud services at any time. This way, businesses more flexibility to decide when to implement them.
- Cost-effectiveness: Cut in half expenses formerly used for additional software by moving your data to the cloud.
- Maintenance: Cloud service providers do the maintenance for you.
- Recovery: Much easier to recover data if problems occur.
What about the disadvantages?
There are always two sides to every coin, and cloud services do come with certain drawbacks. While the rise of cloud computing statistics has been astonishing, some problems may occur.
- Inconsistency: Performance on shared infrastructure can be inconsistent due to unpredicted natural disasters or internal bugs.
- Privacy & security: Even though safety is at a high level with every provider, there are still concerns about data breach.
- Data transfer costs: Monthly outbound data transfer is charged per GB.
- Downtime: If the internet is down, you don’t have access to any of your cloud services.
The Bottom Line
So there you go, we’ve covered all the known and unknown facts about cloud computing!
What do you think about it now?
Let us recap real quick!
We’ve learned about the different types of clouds and the leading providers on the market.
You now know more about how and why individuals and businesses adopt and use clouds.
We’ve also talked about some major issues and risks that come with using the cloud on a regular basis.
The good sides and the bad sides of using the cloud!
Then there are the cloud computing cost statistics!
Am I forgetting something? Oh yeah! The point in case – cloud computing is VERY MUCH essential for the modern world!
It’s up to you to decide whether to use it or not.
We’ll all end up on the cloud, as all of the mentioned cloud computing statistics make abundantly clear.