Cloud Computing Market Size, Share, and Trends 2024 to 2034

The global cloud computing market size is accounted at USD 912.77 billion in 2025 and is forecasted to hit around USD 5,150.92 billion by 2034, representing a CAGR of 21.20% from 2025 to 2034. The North America market size was estimated at USD 474.46 billion in 2024 and is expanding at a CAGR of 21.29% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1701
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Cloud Computing Market 

5.1. COVID-19 Landscape: Cloud Computing Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Cloud Computing Market, By Deployment

8.1. Cloud Computing Market, by Deployment

8.1.1. Private

8.1.1.1. Market Revenue and Forecast 

8.1.2. Hybrid

8.1.2.1. Market Revenue and Forecast 

8.1.2. Public

8.1.2.1. Market Revenue and Forecast 

Chapter 9. Global Cloud Computing Market, By Service

9.1. Cloud Computing Market, by Service

9.1.1. Software as a Service (SaaS)

9.1.1.1. Market Revenue and Forecast 

9.1.2. Infrastructure as a Service (IaaS)

9.1.2.1. Market Revenue and Forecast 

9.1.3. Platform as a Service (PaaS)

9.1.3.1. Market Revenue and Forecast 

Chapter 10. Global Cloud Computing Market, By End User 

10.1. Cloud Computing Market, by End User

10.1.1. IT and Telecom

10.1.1.1. Market Revenue and Forecast 

10.1.2. BFSI

10.1.2.1. Market Revenue and Forecast 

10.1.3. Manufacturing

10.1.3.1. Market Revenue and Forecast 

10.1.4. Healthcare

10.1.4.1. Market Revenue and Forecast 

10.1.5. Retail and Consumer Goods

10.1.5.1. Market Revenue and Forecast 

10.1.6. Media and Entertainment

10.1.6.1. Market Revenue and Forecast 

10.1.7. Energy and Utilities

10.1.7.1. Market Revenue and Forecast 

10.1.8. Government and Public Sector   

10.1.8.1. Market Revenue and Forecast 

10.1.9. Others

10.1.9.1. Market Revenue and Forecast 

Chapter 11. Global Cloud Computing Market, By Organization Size

11.1. Cloud Computing Market, by Organization Size

11.1.1. Small and Medium-sized Enterprises (SMEs)

11.1.1.1. Market Revenue and Forecast 

11.1.2. Large Enterprises

11.1.2.1. Market Revenue and Forecast 

Chapter 12. Global Cloud Computing Market, By Workload

12.1. Cloud Computing Market, by Workload

12.1.1. Storage, Backup, and Disaster Recovery

12.1.1.1. Market Revenue and Forecast 

12.1.2. Application Development and Testing

12.1.2.1. Market Revenue and Forecast 

12.1.3. Database Management

12.1.3.1. Market Revenue and Forecast 

12.1.4. Business Analytics

12.1.4.1. Market Revenue and Forecast 

12.1.5. Integration and Orchestration

12.1.6.1. Market Revenue and Forecast 

12.1.7. Enterprise Resource Management

12.1.7.1. Market Revenue and Forecast 

12.1.8. Collaboration and Content Management

12.1.8.1. Market Revenue and Forecast 

Chapter 13. Global Cloud Computing Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Deployment 

13.1.2. Market Revenue and Forecast, by Service 

13.1.3. Market Revenue and Forecast, by End User 

13.1.4. Market Revenue and Forecast, by Organization Size 

13.1.5. Market Revenue and Forecast, by Workload 

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Deployment 

13.1.6.2. Market Revenue and Forecast, by Service 

13.1.6.3. Market Revenue and Forecast, by End User 

13.1.6.4. Market Revenue and Forecast, by Organization Size 

13.1.7. Market Revenue and Forecast, by Workload  

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Deployment 

13.1.8.2. Market Revenue and Forecast, by Service 

13.1.8.3. Market Revenue and Forecast, by End User 

13.1.8.4. Market Revenue and Forecast, by Organization Size 

13.1.8.5. Market Revenue and Forecast, by Workload 

13.2. Europe

13.2.1. Market Revenue and Forecast, by Deployment 

13.2.2. Market Revenue and Forecast, by Service 

13.2.3. Market Revenue and Forecast, by End User 

13.2.4. Market Revenue and Forecast, by Organization Size  

13.2.5. Market Revenue and Forecast, by Workload  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Deployment 

13.2.6.2. Market Revenue and Forecast, by Service 

13.2.6.3. Market Revenue and Forecast, by End User 

13.2.7. Market Revenue and Forecast, by Organization Size  

13.2.8. Market Revenue and Forecast, by Workload  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Deployment 

13.2.9.2. Market Revenue and Forecast, by Service 

13.2.9.3. Market Revenue and Forecast, by End User 

13.2.10. Market Revenue and Forecast, by Organization Size 

13.2.11. Market Revenue and Forecast, by Workload 

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Deployment 

13.2.12.2. Market Revenue and Forecast, by Service 

13.2.12.3. Market Revenue and Forecast, by End User 

13.2.12.4. Market Revenue and Forecast, by Organization Size 

13.2.13. Market Revenue and Forecast, by Workload 

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Deployment 

13.2.14.2. Market Revenue and Forecast, by Service 

13.2.14.3. Market Revenue and Forecast, by End User 

13.2.14.4. Market Revenue and Forecast, by Organization Size 

13.2.15. Market Revenue and Forecast, by Workload 

13.3. APAC

13.3.1. Market Revenue and Forecast, by Deployment 

13.3.2. Market Revenue and Forecast, by Service 

13.3.3. Market Revenue and Forecast, by End User 

13.3.4. Market Revenue and Forecast, by Organization Size 

13.3.5. Market Revenue and Forecast, by Workload 

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Deployment 

13.3.6.2. Market Revenue and Forecast, by Service 

13.3.6.3. Market Revenue and Forecast, by End User 

13.3.6.4. Market Revenue and Forecast, by Organization Size 

13.3.7. Market Revenue and Forecast, by Workload 

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Deployment 

13.3.8.2. Market Revenue and Forecast, by Service 

13.3.8.3. Market Revenue and Forecast, by End User 

13.3.8.4. Market Revenue and Forecast, by Organization Size 

13.3.9. Market Revenue and Forecast, by Workload 

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Deployment 

13.3.10.2. Market Revenue and Forecast, by Service 

13.3.10.3. Market Revenue and Forecast, by End User 

13.3.10.4. Market Revenue and Forecast, by Organization Size 

13.3.10.5. Market Revenue and Forecast, by Workload 

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Deployment 

13.3.11.2. Market Revenue and Forecast, by Service 

13.3.11.3. Market Revenue and Forecast, by End User 

13.3.11.4. Market Revenue and Forecast, by Organization Size 

13.3.11.5. Market Revenue and Forecast, by Workload 

13.4. MEA

13.4.1. Market Revenue and Forecast, by Deployment 

13.4.2. Market Revenue and Forecast, by Service 

13.4.3. Market Revenue and Forecast, by End User 

13.4.4. Market Revenue and Forecast, by Organization Size 

13.4.5. Market Revenue and Forecast, by Workload 

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Deployment 

13.4.6.2. Market Revenue and Forecast, by Service 

13.4.6.3. Market Revenue and Forecast, by End User 

13.4.6.4. Market Revenue and Forecast, by Organization Size 

13.4.7. Market Revenue and Forecast, by Workload 

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Deployment 

13.4.8.2. Market Revenue and Forecast, by Service 

13.4.8.3. Market Revenue and Forecast, by End User 

13.4.8.4. Market Revenue and Forecast, by Organization Size 

13.4.9. Market Revenue and Forecast, by Workload 

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Deployment 

13.4.10.2. Market Revenue and Forecast, by Service 

13.4.10.3. Market Revenue and Forecast, by End User 

13.4.10.4. Market Revenue and Forecast, by Organization Size 

13.4.10.5. Market Revenue and Forecast, by Workload 

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Deployment 

13.4.11.2. Market Revenue and Forecast, by Service 

13.4.11.3. Market Revenue and Forecast, by End User 

13.4.11.4. Market Revenue and Forecast, by Organization Size 

13.4.11.5. Market Revenue and Forecast, by Workload 

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Deployment 

13.5.2. Market Revenue and Forecast, by Service 

13.5.3. Market Revenue and Forecast, by End User 

13.5.4. Market Revenue and Forecast, by Organization Size 

13.5.5. Market Revenue and Forecast, by Workload 

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Deployment 

13.5.6.2. Market Revenue and Forecast, by Service 

13.5.6.3. Market Revenue and Forecast, by End User 

13.5.6.4. Market Revenue and Forecast, by Organization Size 

13.5.7. Market Revenue and Forecast, by Workload 

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Deployment 

13.5.8.2. Market Revenue and Forecast, by Service 

13.5.8.3. Market Revenue and Forecast, by End User 

13.5.8.4. Market Revenue and Forecast, by Organization Size 

13.5.8.5. Market Revenue and Forecast, by Workload 

Chapter 14. Company Profiles

14.1. Adobe Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Alibaba Group Holding Limited

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Amazon.com Inc.

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Google LLC

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. International Business Machines Corporation

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Microsoft Corporation

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Oracle Corporation

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Salesforce.com Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. SAP SE

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Workday, Inc.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global cloud computing market size was reached at USD 753.11 billion in 2024 and it is anticipated to rake around USD 5,150.92 billion by 2034.

The global cloud computing market is expected to drive growth at a CAGR of 21.20% during the forecast period 2025 to 2034.

The major players operating in the cloud computing market are Adobe Inc., Alibaba Group Holding Limited, Amazon.com Inc., Google LLC, International Business, Machines Corporation, Microsoft Corporation, Oracle Corporation, Salesforce.com Inc., SAP SE, Workday, Inc.

The rising popularity of the latest novel technologies like artificial intelligence and machine learning and its rapid adoption in the cloud computing is empowering the growth of the global cloud computing market.

The North America region is estimated to lead the cloud computing market during the forecast period.

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