Cloud computing has experienced significant growth in recent years and is now a fundamental part of many businesses’ IT infrastructure. A look at the numbers and trends of cloud computing reveals the extent of this growth and the potential for future developments.
According to data from Gartner, the global cloud services market is projected to reach $331.2 billion in 2022, an increase of 17.5% from 2021. The public cloud services segment, which includes Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), is the largest and fastest-growing segment, with a projected market size of $241.9 billion in 2022.
One major trend driving the growth of cloud computing is the increasing adoption of cloud services by small and medium-sized businesses (SMBs). According to data from the Small Business Administration, over half of SMBs are now using cloud services, and this number is expected to continue to grow. This is due in part to the increasing availability of cloud services tailored to the needs of SMBs, as well as the cost savings and scalability benefits offered by cloud computing.
Another trend driving the growth of cloud computing is the increasing use of cloud services for data analytics and artificial intelligence (AI) applications. According to data from IDC, the global market for cloud-based analytics and AI services is projected to reach $52.2 billion in 2024, an increase of over 30% from 2021. This is due in part to the growing availability of cloud-based data analytics and AI platforms, as well as the cost and scalability benefits offered by cloud computing.
The growth of cloud computing has also had a significant impact on the IT industry. According to data from Synergy Research Group, the top five cloud infrastructure providers, Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), Alibaba Cloud, and Tencent Cloud, accounted for over 60% of the global cloud infrastructure services market in 2020.
The growth of cloud computing has also led to the development of new technologies such as serverless computing and edge computing. According to data from MarketsandMarkets, the global serverless computing market is projected to reach $13.4 billion by 2022, and the global edge computing market is projected to reach $6.72 billion by 2023.
In conclusion, cloud computing is a rapidly growing field that has become an essential part of many businesses’ IT infrastructure. The numbers and trends presented in this article demonstrate the extent of this growth and the potential for future developments. The increasing adoption of cloud services by small and medium-sized businesses, the increasing use of cloud services for data analytics and AI applications, and the development of new technologies such as serverless computing and edge computing are some of the main drivers of this growth. As the cloud computing market continues to evolve and grow, it will bring more opportunities and benefits to the IT industry and the businesses that adopt it.
