The amount of corporate data stored in the cloud has increased in recent years and is predicted to surpass 60 percent by 2022. This is a significant rise from 2015 when only 30% of corporate data was stored in the cloud. This trend is expected to continue in the future.
What is driving the adoption of cloud technology?
The global public cloud services market is expected to grow by approximately 22 percent in 2023, which equates to around 600 billion U.S. dollars. As businesses expand, their data storage and IT infrastructure needs become increasingly challenging to meet with on-premises storage servers and hardware alone. This growth creates a crucial need for scalability, which can only be efficiently and cost-effectively managed through cloud-based services. Additionally, companies are moving towards cloud technology to enhance their security, reliability, and business agility.
The four major players in the cloud market
Amazon, Google, Microsoft, and Alibaba are known as the big four in cloud technology, controlling over two-thirds of the global cloud market. Amazon Web Services (AWS) has held the majority of the market share for several years, with 32% of the entire market. Microsoft is the closest competitor, growing its market share year on year. Its suite of Office products offered on the cloud for enterprises and consumers worldwide has contributed to their success.
Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Ponemon Institute, & Thales Group. (March 28, 2022). Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com
Ponemon Institute, und Thales Group. "Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022." Chart. March 28, 2022. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com
Ponemon Institute, Thales Group. (2022). Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com
Ponemon Institute, and Thales Group. "Share of Corporate Data Stored in The Cloud in Organizations Worldwide from 2015 to 2022." Statista, Statista Inc., 28 Mar 2022, https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com
Ponemon Institute & Thales Group, Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022 Statista, https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com (last visited October 06, 2024)
Share of corporate data stored in the cloud in organizations worldwide from 2015 to 2022 [Graph], Ponemon Institute, & Thales Group, March 28, 2022. [Online]. Available: https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/?ref=instasafe.com