Cloud Computing Statistics

20 Captivating Cloud Computing Statistics That You Shouldn’t Miss in 2024

20 Captivating Cloud Computing Statistics That You Shouldn’t Miss in 2024

Cloud computing has become an essential part of today’s business landscape.

More organizations these days are adopting cloud-based solutions to boost productivity, efficiency, scalability, and agility. 

We have done research and found recent cloud computing statistics that are relevant to modern businesses across the globe.

After all, cloud computing can unite the global business world. 

These statistics will reveal data that’s pertinent to small, medium, large, and enormous businesses from mom-and-pop stores to Fortune 500 companies and beyond.

Also, we will discuss the worth of this market, its growth, its potential, and its future throughout this article.

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Key Statistics

  • The global cloud computing market is set to exceed $1 trillion by 2028.
  • 60% of business data is stored on the cloud.
  • 98% of enterprises use the public cloud to store at least some data.
  • 51% of companies using cloud computing services don’t use encryption or tokenization to protect sensitive data.
  • 80% of companies that have adopted cloud services say operations have improved.
  • In 2022, SaaS had the biggest share of usage among cloud services.
  • There are nearly 12 million customers of cloud services in the world.
  • 45% of company data security breaches in 2022 occurred in the cloud.
  • Security is the number one concern according to 81% of enterprises in the cloud.
  • As of 2022, 93% of all businesses cite security as a primary concern.

Top Cloud Computing Statistics in 2024

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1. The Global Cloud Computing Market Is Set to Exceed $1 Trillion by 2028.

Globally, cloud computing is expected to surpass $1 trillion (USD) by 2028.

In 2022, the cloud computing market was valued at $480 billion.

The forecast period between 2023 and 2032 is expected to experience a registered CAGR of 17%.

This is massive growth in such a short period, but it’s to be expected with higher adoption rates in cloud computing.

(CloudZero)

2. 60% of Business Data Is Stored on The Cloud.

While it may not be surprising, it can be startling to know that 60% of business data is stored in the cloud.

This data shows that cloud computing is a major player in the digital realm nowadays. This has resulted in a rise in attempted and some successful cyberattacks.

(ALLTECH)

3. 98% of Enterprises Use the Public Cloud to Store at Least Some Data.

According to the global edition of the 2022 Thales Data Threat Report, 98% of corporations store at least some of their data on the cloud.

Overall, it’s estimated that 60% of corporate data in total is stored in the cloud.

That’s double the amount from 2015 (30%) and up by 10% from 2021.

(2022 Thales Data Threat Report)

4. 51% of Companies Using Cloud Computing Services Don’t Use Encryption or Tokenization to Protect Sensitive Data.

A rousing 51% of companies with data and applications stored in the cloud fail to use encryption or tokenization to protect their sensitive data.

If any of these companies were to experience a data breach, the stolen data could easily be read without any deterrents.

It’s crucial to implement protocols to protect sensitive data stored on the cloud.

(Exploding Topics)

5. 80% of Companies that Have Adopted Cloud Services Say Operations Have Improved.

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An impressive 80% of companies that have adopted cloud-based services reported improvements in their overall operations.

In fact, these reports came within months, not years, of implementation.

Furthermore, the company size was irrelevant to these findings. 

(Zippia)

6. In 2022, Saa S Had the Biggest Share of Usage Among Cloud Services.

In 2022, SaaS enjoyed a whopping 55% share in the cloud computing market.

This service was used the most over Platform as a Service (PaaS) and Infrastructure as a Service (IaaS).

This is believed to be due to the rise and rise in remote working environment

(Precedence Research)

7. There Are Nearly 12 Million Customers of Cloud Services in The World.

Recent data shows that there are 12 million paying customers of cloud computing services as of 2023.

This includes those that partially and fully use cloud-based services.

It also includes SaaS, PaaS, and IaaS solutions.

In the U.S. alone, spending on cloud services accounted for $225 billion (USD).

(G2, Statista)

8. 45% of Company Data Security Breaches in 2022 Occurred in The Cloud.

An IBM report revealed that 45% of all data breaches in 2022 occurred in the cloud.

One of the most egregious issues that cause cloud-based data breaches is cloud misconfigurations.

This is also the most expensive problem to “fix” when it can be fixed.

Misconfigurations account for 15% of data breaches at a costly $4.14 million in expenses.

(Technopedia)

9. Security Is the Number One Concern According to 81% of Enterprises in The Cloud.

The top challenge for enterprises using cloud-based services is security.

In fact, 81% of enterprises said that security is their primary concern regarding data and applications stored in the cloud in 2020/21.

Another 79% say that managing their cloud services is challenging and 75% cited governance and compliance to be a challenge. 

(Flexera State of the Cloud Report 2021)

10. As of 2022, 93% of All Businesses Cite Security as A Primary Concern.

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As we address the issue of security among cloud solutions and businesses, we find that many businesses say security is their top concern.

Data reveals that as of 2022, a massive 93% of all businesses studied cited cloud security as their number one issue/concern.

Related:  How Many Companies Use AWS? Market Share & Statistics in 2024

Likewise, 66% of business are concerned about data leakage and 45% about file uploads.

(Zippia)

11. 71% of Organizations Have Implemented a Central Cloud Team (CCOE).

Data from 2022 shows that 71% of enterprise organizations have deployed a central cloud team (CCOE) to manage their services.

In fact, these teams are responsible for managing spending, compliance, and governance of cloud-based services.

Due to the larger size of enterprise businesses, these teams are an expediency.

Only 8% of enterprise organizations have no intention of implementing this kind of team.

(Flexera State of the Cloud Report 2022)

12. 64% of Small-To-Medium-Sized Businesses Have Implemented a Central Cloud Team.

Recent data from 2022 also reveals that 64% of SMBs (small-to-medium-sized businesses) have implemented some kind of central cloud team to help manage their cloud-based services for essentially the same reasons as larger enterprises.

In contrast, 21% have no intention of implementing a CCOE.

(Flexera State of the Cloud Report 2022)

13. Google Drive Is the Most Popular and Used Personal Cloud Storage Platform.

According to analytical data, Google Drive is the most used personal cloud storage platform.

A survey conducted by GoodFirms across 600 global cloud users found that 94% of them said they use Google Drive.

Many users reported using more than one service. 

(Exploding Topics)

14. 64% of Personal Cloud Storage Users Use Dropbox as Their Provider.

Google Drive may be number one, but Dropbox is number two among cloud storage users.

Moreover, Dropbox has more than 700 million registered global users in 180 countries.

Dropbox is also used by enterprise businesses and generates over $2 billion in revenue according to 2021 data.

(Exploding Topics)

15. 71% of Individuals Use Cloud Storage for Their Photos.

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Statistics show that 71% of individuals use cloud storage specifically for their photos.

They use cloud storage services like Dropbox, iCloud, Google Drive, OneDrive, and other cloud services to store their photos. Another 41% said they use cloud storage for their videos and music.

(Statista²)

16. 53% of Cloud-Based Service Users Use Cloud Storage for Device Backups.

The second most used purpose for cloud storage services is cited as computer backups at 53%.

Another 35% use OneDrive to store their Office documents and 27% use cloud storage to store their login/password data.

Only 18% use cloud storage for their financial data.

(Statista²)

17. 37% of Apple Subscriptions Come from Using iCloud. 

In terms of how popular iCloud is, this cloud service accounts for 37% of all of Apple’s subscription services.

As of early 2021, the iCloud 200 GB plan accounted for 13% of all Apple App Store subscriptions.

Another 8% accounted for the iCloud 50 GB plan and 7% accounted for the 1 TB plan.

(Exploding Topics, Statista³)

18. In 2022, AWS Enjoyed a 34% Share of The Cloud Service Market.

Amazon Web Services, or AWS, enjoyed a share of 34% of the cloud service market as of the third quarter of 2022.

It’s the single biggest market share among all cloud infrastructure services.

Microsoft Azure has a 21% share and Google Cloud has an 11% share of this market. 

(Exploding Topics)

19. Globally, There Are More than 3.6 Billion Cloud Service Users. 

Whether global cloud users are using free cloud services or enjoy the premium features of cloud subscription services, there are 3.6 billion users in the cloud.

This percentage represents 47% of the world’s population, which means almost half of the planet uses cloud services. 

(Zippia)

20. The Total Public Cloud Revenues Rose to $544 Billion in 2022.

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The public cloud is a massive part of the overall cloud service market and generated $544 billion (USD) in 2022 alone.

For comparison, the private cloud generated $229 billion (USD) in revenues during 2022. 

(G2)

FAQs

What Is Cloud Computing?

Cloud computing is the delivery of computing services such as storage, servers, databases, analytics, networking, software, intelligence, and other services into the internet. 

Businesses use cloud computing to store data, run applications, and other activities without having to invest in more hardware and software management on-site.

What Are the Benefits of Cloud Computing?

Cloud computing has many benefits such as:

• Security features that help businesses preserve and store their confidential data.
• Cost savings by eliminating IT costs for buying and maintaining on-site hardware and software.
• Reliability and uptime that gives a business confidence that everything will be accessible when needed.
• Agility for application and services deployment.

What Are the Challenges of Cloud Computing?

Cloud computing comes with many benefits, but there are also challenges involved like the following:

• Compliance to laws and regulations can be challenging for businesses as they vary from country to country and industry to industry.
• Privacy and data security challenges come with cloud computing. For instance, when companies move their data to the cloud, they are putting their trust in the third-party provider to keep it safe. One area of concern involves customer records and data.
• Vendor lock-in is when a business must move their applications and data to another provider.
• Cost management in terms of finding the right resources that saves money or at least doesn’t cost you more.
• Lack of expertise in terms of using cloud computing. 

What Are the Different Types of Cloud Computing?

There are three primary types of cloud computing which include:

1. Public cloud: The public cloud offers services to anyone who uses the internet. Some examples include Google Cloud, Amazon Web Services (AWS), and Microsoft Azure.
2. Private cloud: The private cloud offers dedicated services to a single organization that may be hosted on-site or off site. 
3. Hybrid cloud: Hybrid cloud services are public and private services combined. For example, a business may use a public cloud for its website data and a private cloud for storing sensitive data.

What Are Different Cloud Computing Services?

There are also several types of services available in the cloud computing world such as:

SaaS: Software as a Service provides access to software hosted in the cloud to businesses.

PaaS: Platform as a Service provides businesses with a platform for developing, implementing, and managing applications. 

IaaS: Infrastructure as a Service offers businesses access to resources like servers, networking, and storage.

Are There Security Risks of Cloud Computing?

Anything conducted online comes with some level of risk.

Here are the security risks you need to be aware of in the cloud computing realm:

• Data breaches: If a cloud provider experiences a hack, businesses using that provider could lose their data and other issues can arise.
• Denial of Service attacks (DoS): Denial of service attacks are used to prevent businesses from accessing their data and applications. 
• Insider threats: Insider threats involve employees who may abuse or steal customer data. 

Conclusion

Cloud services usage has become almost a necessity among organizations and individuals alike.

The rise in popularity and cloud-based services took place during and after the global pandemic.

In 2021, over 60% of all businesses migrated their workloads, data, and applications to the cloud and today, 94% of enterprise organizations are in the cloud. 

These statistics have shown us the enormity in growth both in usage and revenues across cloud services all over the world.

The cost effectiveness and rise in productivity has already shown improvement across industries. 

After reading these cloud computing statistics, you should have a better understanding of the benefits, challenges, risks, and the overall market surrounding cloud computing.

Sources

CloudZeroExploding TopicsStatista
Statista²ALLTECHZippia
TechnopediaStatista³Oracle
Precedence ResearchFlexera State of the Cloud Report 20212022 Thales Data Threat Report
G2Flexera State of the Cloud Report 2022
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Written by Colin Tan
Colin Tan is a tech entrepreneur and business leader with extensive experience in the technology industry. He is the Co-Founder of several successful tech startups that provide innovative solutions to businesses. Colin has a passion for creating disruptive technologies that can transform industries and drive growth.