The Cloud Computing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cloud Computing Market?
The historical growth trend in the Cloud Computing Global Market Report 2025 highlights a swift growth in market size. The market size increased from $735.45 billion in 2024 to $832.88 billion in 2025. The compound annual growth rate (CAGR) during this period was 13.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cloud Computing Industry?
The Cloud Computing Global Market is projected to reach a market size of $1481.2 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 15.5%.
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What are the Key Growth Drivers Fueling the Cloud Computing Market?
The key drivers in the cloud computing market are:
• Integration of Artificial Intelligence (AI) and Machine Learning (ML)
• Increase in demand for Internet of Things (IoT)
• Advancements in cybersecurity
• Evolution of cross-cloud interoperability and quantum computing integration
Global Market Segmentation: Identifying Major Cloud Computing Industry Segments
The cloud computing market covered in this report is segmented –
1) By Type: Public Cloud, Private Cloud, Hybrid Cloud
2) By Service: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS)
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Government And Public Sector, IT And ITES, Retail And Consumer Goods, Manufacturing, Media And Entertainment, Healthcare And Life Sciences, Other Verticals
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What are the Emerging Trends Shaping the Future of the Cloud Computing Market?
The key trends in the cloud computing market are:
• The integration of artificial intelligence and machine learning into cloud computing is an emerging trend.
• The demand for IoT continues to shape the future of the cloud computing market.
• Developments in cybersecurity and cross-cloud interoperability are increasingly influencing the market.
• The evolution of edge computing, serverless computing, and hybrid and multi-cloud methodologies are key trends.
Who Are the Top Competitors & Leading Players in the Cloud Computing Market?
Major companies in the cloud computing market are:
• Amazon.com Inc.
• Alphabet Inc.
• Microsoft Corporation
• Alibaba Group Holding Limited
• Tencent Holdings Limited
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Salesforce Inc.
• NEC Corporation
• Adobe Inc.
• VMware Inc.
• Intuit Inc.
• ServiceNow Inc.
• Workday Inc.
• Infor Inc.
• OpenText Corporation
• Citrix Systems Inc.
• Rackspace Technology Inc.
• Sage Group plc
• Lumen Technologies Inc.
• IFS AB
• Epicor Software Corporation
• OVH SAS
• DigitalOcean LLC
• Upland Software Inc.
• Navisite LLC
• Skytap Inc.
• Joyent Inc.
Regional Dominance: Which Area Leads the Global Cloud Computing Market?
North America was the largest region in the cloud computing market in 2024
