Research highlights: Global spending on cloud services reached $330 billion in 2024. By 2022, 60% of corporate data was stored in the cloud, up from 30% in 2015.
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Cloud computing statistics
According to the latest cloud storage statistics, 60% of corporate data worldwide was stored in the cloud in 2022, a sharp increase from 50% in 2021
Cloud computing grew steadily from 30% in 2015 to 60% in 2022, doubling in just seven years
The biggest single-year jump happened between 2021 and 2022 when cloud storage share climbed 10 percentage points
From 2016 to 2019, growth slowed, rising from 35% to 48%, just a 13-point gain in three years
The 50% milestone in the number of companies that use cloud computing was first reached in 2020
Since 2015, the share of corporate data in cloud storage has grown by 30 percentage points
Year | Share of corporate data stored in the cloud in organizations worldwide |
|---|---|
2022 | 60% |
2021 | 50% |
2020 | 50% |
2019* | 48% |
2017 | 43% |
2016 | 35% |
2015 | 30% |
How much do companies spend on cloud computing?
Enterprise spending on cloud computing services hit $330 billion in 2024, up from $270B in 2023 and just $1 billion in 2009
Cloud storage services grew more than 200 times in 15 years, from $1.5 billion in 2010 to $330 billion in 2024
Data center hardware and software spending peaked at $98 billion in 2021, but has since flattened as enterprises shift to cloud
2021 marked a turning point, with cloud spending ($178 billion) nearly doubling data center investments ($98 billion)
By 2022, cloud spending ($225 billion) was more than double data center spending in 2020 ($89 billion)
In 2018, enterprises spent $93 billion on data centers and only $69 billion on cloud storage, but by 2020, cloud had overtaken traditional infrastructure ($129.5 billion vs. $89 billion)
The fastest growth period for cloud computing services was 2016 to 2021, when spending jumped from $32 billion to $178 billion, an increase of 456% in five years
Data center investments have remained relatively flat for over a decade, fluctuating between $78B and $98 billion, while cloud computing spending has exploded
Year | Enterprise spending on cloud and data centers (in billion USD) | |
Data Center Hardware & Software | Cloud Infrastructure Services | |
2024 | - | 330 |
2023 | - | 270 |
2022 | - | 225 |
2021 | 98.05 | 178 |
2020 | 89 | 129.50 |
2019 | 93.30 | 96 |
2018 | 93 | 69 |
2017 | 81.50 | 46.50 |
2016 | 78.50 | 32 |
2015 | 82 | 21 |
2014 | 83 | 14 |
2013 | 81.50 | 9.50 |
2012 | 81 | 6.50 |
2011 | 77.50 | 3.50 |
2010 | 71.40 | 1.50 |
2009 | 60.70 | 1 |
Cloud storage spending trends
End-user spending on cloud computing services is projected to reach $723.4 billion in 2025, up from $595.7 billion in 2024
Between 2017 and 2025, global cloud spending will increase fivefold, from $145 billion to over $723 billion
The biggest single-year jump came in 2020 to 2021, when spending surged from $314 billion to $412.6 billion, a 31% increase in just one year
From 2017 to 2020, cloud services grew at an average of $56 billion per year, accelerating further in the early 2020s
2022 marked a slowdown in growth, with spending rising $65.7 billion compared to 2021, smaller than the previous year’s jump of $98.6 billion
In 2023, end-user cloud spending climbed to $561.1 billion, representing nearly four times the level of 2017
Year | Spend (in billion USD) |
|---|---|
2017 | 145 |
2018 | 197 |
2019 | 243 |
2020 | 314 |
2021 | 412.63 |
2022 | 478.32 |
2023 | 561.10 |
2024 | 595.65 |
2025* | 723.42 |
Public cloud service growth rates
Public cloud services are projected to grow 22.1% in 2025, following a forecasted 20.4% increase in 2024
From 2011 to 2025, public cloud services have never recorded negative growth
The fastest growth period was 2020, when the market expanded by 29.3%, driven by pandemic-related digital adoption
2021 also saw a strong increase of 26.2%
Growth slowed in 2022 (18.8%) and 2023 (17.3%), showing stabilization after the pandemic spike
Earlier years show a pattern of consistent expansion, with growth averaging 18–25% annually between 2013 and 2019
The lowest growth rate in the dataset is 12.4% in 2017, followed by a sharp rebound to 25.5% in 2018
Year | Market growth for public cloud services |
|---|---|
2025* | 22.10% |
2024* | 20.40% |
2023 | 17.30% |
2022 | 18.80% |
2021 | 26.20% |
2020 | 29.30% |
2019 | 23.40% |
2018 | 25.50% |
2017 | 12.40% |
2016 | 23.40% |
2015 | 13.70% |
2014 | 17.80% |
2013 | 18.50% |
2012 | 18.60% |
2011 | 20.80% |