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Astonishing Cloud Computing Statistics For 2020:

• The global public cloud computing market is set to exceed $330 billion in 2020.
• Providing data access from anywhere is the top reason for cloud adoption.
• Organizations’ average yearly cloud budget was $2.2 million in 2018.
• About a third of companies’ IT budget goes to cloud services.
• Privacy, security and lack of staff training are the top roadblocks to cloud adoption.
• Hybrid cloud adoption is at 58%.

You can also see the trends in cloud computing and decide if it’s right for your business in the long run, or not.

As an illustration of what awaits us in this blog post, we’ll start with a picture of the current reality.

Spoiler alert: it is cloudy.

“Cloud is about how you do computing, not where you do computing.” – Paul Maritz, CEO of VMware

1. 90% of companies are on the cloud.

   (Source: 451)

   This stat comes to show the cloud was already mainstream in 2019.

   Furthermore, experts say 60% of workloads are running on a hosted cloud service in 2019. For reference, the cloud hosted 45% of workloads in 2018.

2. Amazon Web Services is the leading cloud vendor with a 32% share.

   (Source: Canalys)

   Also known as AWS, Amazon’s cloud computing division has been the leader in the cloud industry market for several years now.

   When it was launched in 2006, it provided only one service. Now the company offers more than 140 services to its clients.

   An interesting fact is that AWS accounts for 13% of Amazon’s total sales.

3. Cloud data centers will process 94% of workloads in 2021.

   (Source: Cisco)

   This stat summarizes the future of the Web.

   Cloud computing trends show year-over-year growth, ever since it was introduced.

   Eventually, at some point in the near future, traditional data centers will be obsolete.

4. The US is the most significant public cloud market with an projected spending of $124.6 billion in 2019.

   (Source: IDC)

   In terms of cloud computing spending, the US is the undisputed champion. Its market is larger than that of the next four combined.

   Here are the countries that spent the most on cloud computing technologies in 2019:

   • The US – $124.6 billion
   • China – $10.5 billion
   • The UK – $10 billion
   • Germany – $9.5 billion
   • Japan – $7.4 billion

5. The global cloud computing market is expected to reach $623.3 billion by 2023.

   (Source: Report Linker)

   According to cloud computing growth stats, the industry will grow at a CAGR of 18%.

   Last year – in 2018, the market size was valued at $272 billion.

6. Cloud infrastructure spending surpassed $80 billion in 2018.

   (Source: Canalys)

   This gives you some idea of the size of the industry, doesn’t it?

   In 2017 that spending was at just $55 billion.

   Impressive speed of growth, isn’t it? If it gets adopted this fast, you gotta believe it’s worth using.

   Now, let’s delve a little deeper and see what lies behind these cloud computing stats.

There are three primary cloud types:

• Public cloud – this refers to the model with which the services are delivered across the internet.
• Private cloud – it’s designed for internal use by a single organization.
• Hybrid cloud – this is when a company uses both a public and a private cloud.

Basically, the only difference is who owns the infrastructure. Otherwise, it’s the same thing.

7. The average business runs 38% of workloads in public and 41% in private cloud.

   (Source: RightScale)

   Usually, enterprises run a more significant part of their workloads in a private cloud (46%) and a smaller portion (33%) in the public cloud.

   Small to medium businesses, on the other hand, prefer to use a public cloud (43%), instead of arguably more expensive private solutions (35%).

   The cloud computing statistics also show the public cloud spend is growing three times faster than the private cloud usage.

   Therefore, experts anticipate the disparity between the two to grow.

8. The revenue from the global public cloud computing market was set to reach $258 billion in 2019.

   (Source: Statista)

   More and more businesses adopt the cloud at one point or another. Numbers don’t lie; the cloud industry is blooming.

   How do we know that?

   Just two years ago, in 2017, this figure was about half that – $154 billion.

   Now we can break the industry down a bit more.