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

The global cloud services market size is calculated at USD 721.87 billion in 2025 and is forecasted to reach around USD 2,726.94 billion by 2034, accelerating at a CAGR of 16.00% from 2025 to 2034. The North America market size surpassed USD xx billion in 2024 and is expanding at a CAGR of xx% 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 : 1777
  • 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 Services Market 

5.1. COVID-19 Landscape: Cloud Services 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 Services Market, By Type

8.1. Cloud Services Market, by Type

8.1.1. Public Cloud

8.1.1.1. Market Revenue and Forecast 

8.1.2. Private Cloud

8.1.2.1. Market Revenue and Forecast 

8.1.3. Hybrid Cloud

8.1.3.1. Market Revenue and Forecast 

Chapter 9. Global Cloud Services Market, By Service

9.1. Cloud Services Market, by Service e

9.1.1. Infrastructure as a Service (IaaS)

9.1.1.1. Market Revenue and Forecast 

9.1.2. Platform as a Service (PaaS)

9.1.2.1. Market Revenue and Forecast 

9.1.3. Software as a Service (SaaS)

9.1.3.1. Market Revenue and Forecast 

Chapter 10. Global Cloud Services Market, By Organization Size 

10.1. Cloud Services Market, by Organization Size

10.1.1. Small and Medium-sized Enterprises (SMEs)

10.1.1.1. Market Revenue and Forecast 

10.1.2. Large Enterprises

10.1.2.1. Market Revenue and Forecast 

Chapter 11. Global Cloud Services Market, By Verticals 

11.1. Cloud Services Market, by Verticals

11.1.1. BFSI

11.1.1.1. Market Revenue and Forecast 

11.1.2. Telecommunications

11.1.2.1. Market Revenue and Forecast 

11.1.3. IT and ITeS

11.1.3.1. Market Revenue and Forecast 

11.1.4. Government and Public Sector

11.1.4.1. Market Revenue and Forecast 

11.1.5. Retail and Consumer Goods

11.1.5.1. Market Revenue and Forecast 

11.1.6. Manufacturing

11.1.6.1. Market Revenue and Forecast 

11.1.7. Energy and Utilities         

11.1.7.1. Market Revenue and Forecast 

11.1.8. Media and Entertainment

11.1.8.1. Market Revenue and Forecast 

11.1.9. Healthcare and Life Sciences

11.1.9.1. Market Revenue and Forecast 

11.1.10. Others (Education, Travel and Hospitality, and Transportation and Logistics)

11.1.10.1. Market Revenue and Forecast 

Chapter 12. Global Cloud Services Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Type 

12.1.2. Market Revenue and Forecast, by Service 

12.1.3. Market Revenue and Forecast, by Organization Size 

12.1.4. Market Revenue and Forecast, by Verticals 

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Type 

12.1.5.2. Market Revenue and Forecast, by Service 

12.1.5.3. Market Revenue and Forecast, by Organization Size 

12.1.5.4. Market Revenue and Forecast, by Verticals 

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Type 

12.1.6.2. Market Revenue and Forecast, by Service 

12.1.6.3. Market Revenue and Forecast, by Organization Size 

12.1.6.4. Market Revenue and Forecast, by Verticals 

12.2. Europe

12.2.1. Market Revenue and Forecast, by Type 

12.2.2. Market Revenue and Forecast, by Service 

12.2.3. Market Revenue and Forecast, by Organization Size 

12.2.4. Market Revenue and Forecast, by Verticals 

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Type 

12.2.5.2. Market Revenue and Forecast, by Service 

12.2.5.3. Market Revenue and Forecast, by Organization Size 

12.2.5.4. Market Revenue and Forecast, by Verticals 

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Type 

12.2.6.2. Market Revenue and Forecast, by Service 

12.2.6.3. Market Revenue and Forecast, by Organization Size 

12.2.6.4. Market Revenue and Forecast, by Verticals 

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Type 

12.2.7.2. Market Revenue and Forecast, by Service 

12.2.7.3. Market Revenue and Forecast, by Organization Size 

12.2.7.4. Market Revenue and Forecast, by Verticals 

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Type 

12.2.8.2. Market Revenue and Forecast, by Service 

12.2.8.3. Market Revenue and Forecast, by Organization Size 

12.2.8.4. Market Revenue and Forecast, by Verticals 

12.3. APAC

12.3.1. Market Revenue and Forecast, by Type 

12.3.2. Market Revenue and Forecast, by Service 

12.3.3. Market Revenue and Forecast, by Organization Size 

12.3.4. Market Revenue and Forecast, by Verticals 

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Type 

12.3.5.2. Market Revenue and Forecast, by Service 

12.3.5.3. Market Revenue and Forecast, by Organization Size 

12.3.5.4. Market Revenue and Forecast, by Verticals 

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Type 

12.3.6.2. Market Revenue and Forecast, by Service 

12.3.6.3. Market Revenue and Forecast, by Organization Size 

12.3.6.4. Market Revenue and Forecast, by Verticals 

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Type 

12.3.7.2. Market Revenue and Forecast, by Service 

12.3.7.3. Market Revenue and Forecast, by Organization Size 

12.3.7.4. Market Revenue and Forecast, by Verticals 

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Type 

12.3.8.2. Market Revenue and Forecast, by Service 

12.3.8.3. Market Revenue and Forecast, by Organization Size 

12.3.8.4. Market Revenue and Forecast, by Verticals 

12.4. MEA

12.4.1. Market Revenue and Forecast, by Type 

12.4.2. Market Revenue and Forecast, by Service 

12.4.3. Market Revenue and Forecast, by Organization Size 

12.4.4. Market Revenue and Forecast, by Verticals 

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Type 

12.4.5.2. Market Revenue and Forecast, by Service 

12.4.5.3. Market Revenue and Forecast, by Organization Size 

12.4.5.4. Market Revenue and Forecast, by Verticals 

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Type 

12.4.6.2. Market Revenue and Forecast, by Service 

12.4.6.3. Market Revenue and Forecast, by Organization Size 

12.4.6.4. Market Revenue and Forecast, by Verticals 

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Type 

12.4.7.2. Market Revenue and Forecast, by Service 

12.4.7.3. Market Revenue and Forecast, by Organization Size 

12.4.7.4. Market Revenue and Forecast, by Verticals 

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Type 

12.4.8.2. Market Revenue and Forecast, by Service 

12.4.8.3. Market Revenue and Forecast, by Organization Size 

12.4.8.4. Market Revenue and Forecast, by Verticals 

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Type 

12.5.2. Market Revenue and Forecast, by Service 

12.5.3. Market Revenue and Forecast, by Organization Size 

12.5.4. Market Revenue and Forecast, by Verticals 

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Type 

12.5.5.2. Market Revenue and Forecast, by Service 

12.5.5.3. Market Revenue and Forecast, by Organization Size 

12.5.5.4. Market Revenue and Forecast, by Verticals 

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Type 

12.5.6.2. Market Revenue and Forecast, by Service 

12.5.6.3. Market Revenue and Forecast, by Organization Size 

12.5.6.4. Market Revenue and Forecast, by Verticals 

Chapter 13. Company Profiles

13.1. Alibaba Group Holding Limited

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Amazon Web Services, Inc

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Cisco Systems, Inc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Dell, Technologies Inc

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Google Llc

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Hewlett Packard Enterprise Development Lp

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. International Business Machines Corporation

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Microsoft Corporation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Oracle Corporation

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Rackspace Hosting, Inc

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global cloud services market size was reached at USD 618.04 billion in 2024 and it is anticipated to rake around USD 2,726.94 billion by 2034.

The global cloud services market is estimated to hit growth at a CAGR of 17.10% from 2025 to 2034.

The major players operating in the cloud services market are Alibaba Group Holding Limited, Amazon Web Services, Inc, Cisco Systems, Inc, Dell, Technologies Inc, Google Llc, Hewlett Packard Enterprise Development Lp, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc, RyohinKeikaku Co. Ltd., and Isagenix International LLC.

The recent resurgence of technologies such as big data, artificial intelligence (AI), machine learning (ML), and others is projected to spur the cloud services market forward.

North America region will lead the global cloud services market over the forecast period 2025 to 2034.

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