10 Impressive Cloud Computing Statistics in 2024

JW
By: Josh Wardini

The global cloud computing market grows as businesses find efficient ways to operate in remote servers. In 2020 alone, 6 out of 10 enterprises migrated their workloads to the cloud. After the global pandemic, organizations continued to opt for cloud-based services.

Despite economic uncertainties, companies remain firm with their cloud usage and spending. According to Flexera, the financial pressures didn't slow down cloud growth. Corporate data stored in the cloud in 2024 even doubled that of 2015, at 30% and 60%, respectively.

Read on to discover how many companies used cloud computing in 2024, the technology's adoption rate, and more. Let's start.

Editor's Choice

  • More than 90% of manufacturers worldwide use the cloud.
  • Cloud computing is a priority for 61% of retailers.
  • By 2026, almost 70% of the healthcare sector will adopt cloud computing.
  • One in three organizations from developing countries use cloud technologies.
  • 48% of US industries use cloud computing.

How many Companies Use Cloud Computing Services?

As of 2024, 94% of enterprises globally use cloud services. One of the reasons companies use cloud services is the cost-cutting of data security expenses. Also, 80% of companies experience improvements after adopting the cloud.

Companies that adopt cloud computing spend much on their infrastructure, making up 14% of global IT revenue. The top companies using cloud computing include these tech and e-commerce giants:

  • Amazon Web Services
  • Microsoft Azure
  • Google Cloud
  • Alibaba Cloud
  • IBM Cloud
  • Salesforce

Startups also use cloud computing services to innovate sustainable products. This Reddit post shows how far industries can leverage the cloud.

In the next section, check out computing statistics per industry to understand cloud usage for businesses.

How Many Companies Use Cloud Computing Per Industry?

Cloud adoption statistics by Gartner reveal that migration to the cloud will account for 51% of IT spending by 2025. The manufacturing sector is the top industry to spend the most, with a $19.7 billion cloud computing budget.

The following sections will discuss how many cloud computing companies are in these top industries:

  • Manufacturing
  • Professional
  • Financial
  • Retail
  • Healthcare

1. More than 90% of manufacturers worldwide use the cloud.

(Knowledge Hut)

With the changing customer demands, cloud-based technology is adopted by more than 90% of manufacturers globally. The industry uses the cloud primarily for streamlining and tracking production and operations.

About 89% of companies say that SaaS is the most widely used cloud model in manufacturing. Meanwhile, less than a third of companies store data on physical servers or local IT software.

💡Did You Know?

Apple is one of the largest cloud-based manufacturers. The company developed an AI-powered voice assistant known as Siri, which operates in the cloud. Surprisingly, 2% of iPhone users still have never summoned Siri.

2. 88% of companies in professional services will adopt cloud computing by 2025.

(Statista)

Nearly 9 in 10 professional service companies will operate via the cloud by 2025. One key driver for the growing cloud adoption in the market is the popularity of a service-oriented economy. Global digitalization also propelled these companies to go cloud-based.

In addition, around 40% of organizations use cloud computing for storage and ease. Most small businesses leverage PaaS to increase consumer reach and demand for cloud services.

💡 Did You Know?

The professional services industry accounts for 29% of Salesforce clients, a cloud-based CRM powerhouse. Next in line was the manufacturing sector with 11%, followed by the banking and finance sector at 9%.

3. 57% of financial services companies use multi-cloud.

(Cloud Security Alliance)

Financial services represented almost all organizations during the 2020 pandemic. Remote jobs created new work approaches and opted for 98% of companies to use cloud computing. Cloud adoption has grown by 7% since then.

More than half of companies use multiple clouds for their IaaS and PaaS. Survey respondents say organizations use multi-cloud for "business resilience purposes." Still, 43% of companies use single CSPs only. A quick X (formerly Twitter) poll shows that 75% of respondents believe multi-cloud is the new standard.

4. Cloud computing is a priority for 61% of retailers.

(Zipdo)

Cloud computing retail statistics demonstrate a significant shift towards digital solutions, even in e-commerce. As this priority grows, 70% of retail decision-makers worldwide are ready for cloud adoption. In addition, more than half of retail businesses are replacing their in-house and switching to the cloud.

💡Did You Know?

Amazon Web Service (AWS) is the leading cloud-based retailer, hosting over 65 million websites.

5. By 2026, almost 70% of the healthcare sector will adopt cloud computing.

(PR Newswire)

Healthcare systems favor adopting cloud-based technologies for supply chain management. Seven in ten hospitals prefer cloud-based solutions to keep up with new standards. Meanwhile, 8 in 10 healthcare leaders said the transition to the cloud is a positive move. 45% of hospitals already shifted to the cloud-based approach, while the rest plan to do so within the following year.

💡 Did You Know?

Artificial intelligence, which is widely embedded in Cloud computing, has the potential to save yearly healthcare expenditures by $150 billion by 2026. The shift from a disease-treatment-centric to a health-management-centric healthcare strategy is largely responsible for these savings.

How Many Companies Use Cloud Computing Per Country?

Cloud evolution is rapid in different parts of the world. Companies in developing countries are catching up with the service-driven economy through cloud adoption.

Keep reading to see how big the cloud computing industry is per country and its adoption rate.

6. 1 in 3 organizations from developing countries use cloud technologies.

(Oracle, Statista)

Two developing regions of Central and Eastern Europe (CEE) and Sub-Saharan Africa (SSA) already use cloud computing services; another 39% plan to adopt cloud strategies for flexibility and scalability. The leading adopters in the region are small and medium-sized businesses (SMBs). In CEE, 58% of enterprises in Estonia use cloud computing every second. Slovenia is next at 43%, then Czechia.

7. European enterprises' average cloud adoption rate was 41%.

(Stackscale)

Four in ten European Union countries used cloud solutions, up by 5% between 2020 and 2021. Sweden and Find adopted cloud computing the most, at 75%. Denmark and the Netherlands followed, with 65% of enterprises adopting the cloud.

On the other hand, Bulgaria has the lowest adoption rate, 13%. Yet, this number nearly doubled in the past five years, from 7% in 2016.

🔒 Security Note:

Companies use the cloud for storage and ease of use. Compared to local data storage, it is arguably more accessible. However, avoid storing sensitive information in the cloud, such as passwords and credit card information. You never know when cybercriminals will attack and steal your data.

8. 11% of Chinese Startups are cloud enterprises.

(Bessemer Venture Partners)

By the numbers, the cloud adoption rate in China has more growth opportunities than in other countries. Over 580 Chinese startups in 2022 used cloud computing; most are SaaS.

Although China's cloud growth metrics are lower, the country continues to record emerging cloud-based enterprises. Moreover, Chinese SaaS businesses are evolving their AI models to drive cloud computing adoption.

💡Did You Know?

90% of startups fail because of ineffective business operations. Of course, it’s one of many factors, but research says cloud-based platforms help startups succeed.

9. 48% of US industries use cloud computing.

(Statista)

Almost half of US industry-specific companies use cloud computing. 20% of respondents plan to use the cloud in the next year, while 23% had no plans. Nearly 10% will do so more than a year away.

64% of enterprises agree to use cloud services from software providers. Meanwhile, over half prefer getting their industry cloud from professional service providers.

10. 91% of businesses in the Philippines will invest in cloud in 2024.

(Manila Times)

Cloud computing companies in the Philippines are growing, no matter the business size. Making 9 in 10 companies increase their cloud investment to improve business operations.

Similarly, 85% of local businesses lean toward cloud migration in the next two years. The survey shows the following key drivers when choosing a cloud vendor:

  • Security (85%)
  • Availability (74%)
  • Expertise (62%)

Conclusion

The cloud adoption rate per industry country shows the improving digital economy. Looking at the statistics, cloud services are becoming mainstream across the globe. The future of cloud technologies is bright as more companies plan to migrate in the coming years.

FAQs on Cloud Computing Statistics in 2024

How big is the cloud computing market in 2024?

The global cloud computing market in 2024 is worth more than $500 billion.

Is cloud computing in demand in 2024?

Yes, there's an increasing demand for cloud services as more companies shift to the cloud in 2024.

What is the cloud business forecast for 2024?

Public cloud will lead the cloud computing market in 2024 with a 21.7% growth rate.

Source

Flexera

Statista

Earthweb

Knowledge Hut

Statista

Cloud Security Alliance

Zipdo

PR Newswire

Oracle

Statista

Stackscale

Bessemer Venture Partners

Statista

Statista

Manila Times