25 Cloud Computing Statistics, Facts & Trends for 2022

 In Business, Education

Cloud computing has profoundly altered the way we live and do business. The “cloud” is now a critical online technology that is used all over the world. We’ve compiled a list of 25 of the most interesting, relevant, and revealing cloud computing statistics that show how big the cloud is and how it’s expected to grow in the future.

1. How Much Data Is Stored on the Cloud?

Over 100 zettabytes of data will be stored in the cloud by 2025. To put this in context, a zettabyte is one billion terabytes (or a trillion gigabytes). In the same year, total global data storage will exceed 200 zettabytes, with the cloud accounting for roughly half of it. In comparison, only 25 percent of all the computing data was stored this way in 2015.

2. Data Centres will dominate workload processing

By 2021, cloud data centres will handle 94% of all workloads. Not only that, but SaaS processes will account for 75% of total workload

3. What Is the Largest Clou

Based on market share, the largest cloud computing company in the world is Amazon Web Services. A subsidiary of Amazon, AWS currently holds 31 percent of the market, followed by Microsoft Azure at 20 percent and Google Cloud at seven percent.

4. The Largest Data Centre in the World

Citadel, the largest data centre, is located in Tahoe Reno, Nevada. Its largest currently built facility is 1.3 million square feet in size, while the entire campus will eventually house eight separate data centre structures and span over 7.2 million square feet of server space.

5. What Are the Most Used Cloud Storage Services?

Google Drive is by far the most popular cloud storage service in the world, with a usage rate of 94.44 percent. Dropbox is in second place, followed by OneDrive (39.35 percent) and iCloud (38.89 percent).

6. How Many Users Do the Largest Cloud Storage Services Have?

In 2018, Google Drive surpassed a billion users, and the Google Workspace cloud productivity platform as a whole will surpass 2 billion users by 2020. Dropbox, the second most popular cloud storage service, has a sizable user base, with over 700 million reported users.

7. What Is the Cloud Computing?

In 2020, the total worth of the market was $371.4 billion. With a compound annual growth rate (CAGR) of 17.5 percent, it’s projected to reach $832.1 billion by 2025.

8. Salesforce Is the Largest SaaS Company in the US

Salesforce, one of the best CRMs, has a market capitalization of more than $200 billion.

9. North America Has the Largest Cloud Computing Market Share

North America leads the global cloud market with 61 percent of the market total in 2020. That is three times the size of the second largest market, Western Europe, which accounts for 21 percent of the market total. Africa is the world’s smallest market region.

10. China’s Cloud Services Market Is Booming

China’s cloud market grew to $19 billion in 2020 — a 66 percent increase compared to the previous year.

11. The Video Streaming Market Continues to Grow

As of 2021, the video streaming market is worth a combined $59.14 billion. With an average compound annual growth rate of 21 percent, this market is predicted to grow to $223.98 billion in revenue by 2028.

12. Cloud Gaming Market is booming

Cloud gaming works similarly to streaming services: you can stream games instead of downloading them. In 2020, the global cloud gaming market was worth $470 million. With a predicted CAGR of 48.2 percent, it is expected that it will reach $7.24 billion in revenue by 2027.

13. Remote Work has become a new reality.

The COVID-19 pandemic had a significant impact on many aspects of our lives, including work. According to remote work statistics, approximately 34% of workers prefer to work in the cloud and will look for another job if forced to return to the office.

14. Public Cloud Services Spending Is Projected to Grow in the Future

End-user spending on cloud services totalled $270 billion in 2020. This figure is expected to rise to $397.5 billion 2022, according to projections.

15. Half of Organizations Store Their Confidential Data on Cloud Technologies

48 percent of businesses prefer to store their most sensitive and critical data in the cloud, which includes both encrypted and “regular” data. A large portion of this data is stored in cloud file storage solutions.

16. Most Organizations Have a Multi-Cloud Strategy in Place

92 percent of organizations already have a multi-cloud strategy in place that revolves around the use of multiple cloud service providers. If one of the services becomes unavailable for any reason, the organization can switch to a working backup for disaster recovery.

17. Cloud Spending Is a Major Concern for Companies

Three of the most prevalent challenges businesses face are security, managing cloud computing spending and governance. Business owners lament the fact that around 30 percent of their cloud budget goes to waste. However, cloud computing makes data governance much easier, with tools such as the excellent EFSS, Egnyte.

18. Cloud Cost Optimization Is a Priority

Over 60 percent of organizations planning to optimize their cloud costs. In fact, 76 percent measure their cloud progress according to cost efficiency and the savings they made thanks to cloud initiatives.

19. Migrating to the Cloud Is a Top Cloud Initiative

According to European organizations, migrating more workloads to the cloud is the most important cloud initiative. This is followed by optimizing current cloud use to cut down on costs and advancing a cloud-first strategy.

20. Cloud Infrastructure Spending Continues to Rise

In the first quarter of 2021, cloud services infrastructure spending increased to $41.8 billion worldwide.

21. Spending on AI Increases in the Coming Years

Over $58 billion have been spent on AI in 2021, and this will increase to $309.6 billion by 2026. Machine learning forms the basis of many cloud technologies today, and a lot of organizations and systems use it to automate various processes.

22. Enterprises Name Cloud Security as Their Biggest Concern

Cloud security issues were cited as a top concern by 75% of businesses.

25. What Are the Main Cloud Security Concerns?

According to cybersecurity experts, the most pressing cloud security challenges are misconfiguration of the cloud infrastructure (68 percent); unauthorized access (58 percent); insecure API (52 percent); accounts, services or traffic hijacking (50 percent) and external data sharing (43 percent).

24. Secure Clouds Are a Priority for Businesses

Companies prefer cloud services that are secure right out of the box. Over half of businesses (52 percent) look for cloud solutions that have their own native security tools.

25. Human Error Accounts for the Majority of Cloud Data Breaches

Cloud breaches are caused by human error in 88 percent of cases, not by cloud providers. Men, at 34%, are twice as likely as women to fall victim to phishing scams (17 percent).

We hope you found these cloud computing statistics and trends interesting and informative. The importance of the cloud cannot be overstated, and cloud technologies of all types and models will only grow in the coming years.

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