PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1764340
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1764340
The cloud computing market is expanding rapidly, with a projected market size anticipated to rise from about USD 1,294.9 billion in 2025 to USD 2,281.1 billion by 2030, featuring a CAGR of 12.0% during the forecast period. Businesses are driving the demand for cloud computing by seeking scalable IT infrastructure, remote work support, and real-time data access. Organizations are increasingly prioritizing AI, big data analytics, and automation, making cloud platforms more essential. The shift is moving from traditional on-premises systems to flexible, hybrid, and multi-cloud environments for greater agility and innovation.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | USD (Billion) |
Segments | Service Models, IaaS, PaaS, SaaS, Deployment Mode, Organization Size, Vertical |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
"PaaS segment to account for the fastest growth during the forecast period"
Platform as a Service (PaaS) remains the fastest-growing segment in the cloud computing market, driven by evolving development needs and emerging technologies. Modern PaaS platforms now integrate AI/ML services, DevOps automation, and container orchestration tools such as Kubernetes, enabling faster and smarter application development. They offer low-code/no-code capabilities, built-in CI/CD pipelines, and support for microservices architectures, helping developers innovate with agility and reduce complexity. Enhanced scalability, integrated security, real-time monitoring, and automatic patch management ensure high performance and compliance. Serverless computing is also gaining traction within PaaS, allowing developers to deploy functions without provisioning infrastructure. Ideal for startups, developers, and large enterprises, PaaS accelerates time to market, lowers operational costs, and simplifies cross-team collaboration. With abstraction from hardware, runtime environments, and backend maintenance, organizations can focus on building intelligent, scalable, and user-centric applications while staying ahead in a fast-changing digital landscape.
"Public cloud to hold the largest market share during the forecast period"
Public cloud continues to dominate the cloud computing market due to its scalability, cost efficiency, and global reach. It provides on-demand access to computing resources such as servers, storage, databases, and applications via the internet, with no need for upfront hardware investment. Providers such as AWS, Microsoft Azure, and Google Cloud now offer advanced capabilities, including generative AI tools, serverless computing, and edge integration, making the public cloud suitable for dynamic workloads and digital transformation. Its flexible pricing and robust security frameworks appeal to businesses of all sizes. A standout case is the Commonwealth Bank of Australia, which migrated to AWS in 2025 and deployed 2,000 AI models across 61,000 data pipelines. This enabled 55 million AI-driven decisions daily, reducing fraud losses by 50% and cutting loan approval times to under 10 minutes. Such real-world outcomes highlight how public cloud accelerates innovation and improves operational efficiency across industries.
"North America is leading in cloud computing with strong infrastructure and early adoption, while Asia Pacific is the fastest-growing region driven by digital transformation and government-backed AI initiatives."
North America continues to dominate the cloud computing landscape, leveraging mature digital infrastructure, widespread enterprise adoption, and the presence of major providers like AWS, Microsoft Azure, and Google Cloud. The region is at the forefront of emerging technologies, including generative AI, serverless edge computing, and quantum-ready cloud services. Businesses are integrating tools such as Azure Arc for hybrid management, AWS's Nitro Enclaves for secure computing, and AI-driven DevSecOps pipelines. Advancements in 5G edge partnerships and private 5G networks are enabling ultra-low latency applications in manufacturing, healthcare, and autonomous systems. Furthermore, initiatives such as sovereign cloud efforts and enhanced confidential computing are boosting data privacy and compliance. Together, these developments reinforce North America's leadership in innovation, security, and scalability within the global cloud ecosystem.
Breakdown of Primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the cloud computing market.
The report includes a study of key players offering cloud computing services. It profiles major vendors in the cloud computing market. The major market players include Microsoft (US), Google (US), IBM (US), AWS (US), Oracle (US), Salesforce (US), Tencent Cloud (China), SAP (Germany), Alibaba Cloud (China), Adobe (US), Workday (US), Fujitsu (Japan), Broadcom (California), Rackspace Technology (US), DXC Technology (US), NEC Corporation (Japan), Joyent (California), Digital Ocean (US), OVHcloud (France), NaviSite (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Zoho (Texas), Epicor (US), ServiceNow (US), Huawei (China), Dell Technologies (US), and NTT Data Corporation (Japan).
Research Coverage
This research report categorizes the cloud computing market based on Service Model (IaaS, PaaS, SaaS), Infrastructure as a Service (Compute, Storage, Networking,), Platform as a Service (Application Development & Platforms, Application Testing & Quality, Analytics & Reporting, Data Management, Other PaaS Applications), Software as a Service (Customer Relationship Management, Enterprise Resource Management, Human Capital Management, Content Management, Collaboration & Productivity Suites, Supply Chain Management, System Infrastructure Software, Other SaaS Applications), Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), Vertical (Government & Public sector, Banking, Financial Services, & Insurances (BFSI), Software & IT Services, Healthcare & Life Sciences, Retail & E-commerce, Manufacturing, Energy & Utilities, Telecommunications, Transportation & Logistics, Media & Entertainment, Other Verticals (Education, Real Estate, Construction, and Travel & Hospitality)), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the cloud computing market. A detailed analysis of the key industry players was done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, product & service launches, and mergers and acquisitions; and recent developments associated with the cloud computing market. Competitive analysis of upcoming startups in the cloud computing market ecosystem was also covered in this report.
Reasons to Buy This Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall cloud computing market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.