Cloud Computing Market Share

Cloud Computing Market Share, Market Size and Industry Growth Drivers, 2018 - 2023

About Cloud Computing

Cloud Computing is the delivery of on-demand computing services through the Internet. These services include applications, servers, processing power, storage, databases, networking, and analytics. For example, cloud-based storage allows companies to save files in a remote database instead of storing them on a local storage device. Cloud computing is popular for many reasons including scalability, cost savings, increased productivity, speed, efficiency, performance, and security. Users typically pay only for the cloud services they actually use. This allows businesses to easily scale depending on their current needs without the need to purchase additional infrastructure and hire expensive engineers. This helps to lower operating costs and run the infrastructure more efficiently. You can find Cloud Computing Market Size, Cloud Computing Market Share and other trends and statistics below.

Cloud Computing Industry Market Size, 2018 - 2023

Cloud Computing Market Size

The chart shows the Cloud Computing Market Size from 2018 to 2023. In 2018, the size of the Cloud Computing Industry was $272B and is projected to grow by 17.1% in 2019. From 2018 to 2023 the Cloud Computing Industry growth is projected to average 18.0% per year.

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Cloud Computing Market Share, 2018
Cloud Computing Market Share

The chart shows Cloud Computing Market Share in 2018. The leading vendor in the Cloud Computing Industry was Amazon with a 33% cloud computing market share in 2018, followed by Microsoft with a 16% market share, Google with 8%, Alibaba with 7%, IBM with 7%, and others with 29% market share. View the source for this Cloud Computing Market Share chart and other Cloud Computing Market Share estimates here.

Cloud Computing Growth Drivers

The cloud computing market is expected to register phenomenal growth over the next few years. The growth is driven by increasing needs in scalability, automation, agility, improved customer experience, and cost savings. As companies drive their digital businesses forward they often go with cloud computing as their IT infrastructure of choice. We are also witnessing an increasing use of private cloud solutions for data backup and recovery. Hybrid Cloud is becoming a popular option due to the included benefits of both Public and Private clouds. To summarize, due to security, reliability, optimum utilization of resources and the offered cost-saving benefits, the demand for cloud computing is expected to rise in the forthcoming years, thus accelerating the cloud computing growth.

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Do Research Firms Agree on Cloud Computing Market Share, Size, and Growth?

Market research sources disagree intensely on the Cloud Computing Market Size, disagree intensely on the Cloud Computing Market Share, but generally agree on the Cloud Computing Growth. The cause of disagreement is due to the lack of a standardized definition of Cloud Computing, limited publicly available data from the major cloud providers, and disagreement over what types of products should be included. Therefore different sources may have very different perspectives of Cloud Computing market share and Cloud computing industry size. For a complete evaluation of the Cloud Computing market, T4 recommends exploring all available sources. T4 aggregated and organized the data from these sources on the T4 Industry Research Platform. See Each source's view of the Cloud Computing Market, Cloud Computing Market Size, Cloud Computing Market Share, and other Cloud Computing Trends on the T4 Platform.

What Additional Cloud Computing Industry Data Does T4 Have?

T4 comprehensively aggregated more than 500 reports from more than 50 publishers covering statistics and trends in the Industry. This includes Cloud computing market size, Revenue by Region, Cloud Computing market share by vendor, share by region, share cloud computing model, Adoption, Utilization, and more than 30 additional statistics. The Industry falls under T4's Information Technology industry coverage. Industries related to the T4 taxonomy include Cybersecurity, Data Center, Networking, Server and Storage. Related subcategories of the Industry include Public Cloud, Private Cloud, Hybrid Cloud, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), Cloud IT Infrastructure, Cloud Management, Edge Computing, and Fog Computing. You can find reports covering these industries on T4’s Platform.

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