55 Cloud Computing Statistics for 2024

Cloud computing has become a crucial component for businesses, with the market predicted to reach $947.3 billion by 2026. The COVID-19 pandemic accelerated cloud adoption, and it is now estimated that 60% of business data is stored in the cloud. Amazon Web Services remains the largest public cloud provider, with a 32% market share. By 2025, there will be 200 zettabytes (a trillion gigabytes) of data in the world. The main challenge facing cloud decision-makers is managing cloud spend (82%). Cloud security remains a key concern for organizations, with 94% reporting improvements after moving to the cloud.