Cloud Computing Statistics in 2021
Cloud Computing refers to the storage of data in a non-physical way. Physical hardware like web hosting servers are located around the world in actual locations.
However, the world is running out of physical space, so we must seek an alternative. That alternative is cloud computing. Essentially, you store your data ‘up’ in the cloud, and retrieve it by bringing it ‘down’ when you need it.
Cloud computing currently generates billions of dollars, suggesting it isn’t going to slow down or disappear anytime soon.
Cloud computing offers many benefits. These include increased security, stability and reliability. They are also more cost-effective whilst offering more flexibility for businesses and customers.
As a business (especially a start-up), it can often be hard to predict what’s required. For example, do you know how much traffic your new business website is going to generate?
Cloud services like cloud hosting offer scalability which makes upgrading requirements a painless process.
Let’s take a look at some interesting Cloud Computing statistics of 2021:
Facts & Statistics
Gartner’s annual forecast of public cloud service revenue was published in April 2019. It predicts the cloud market will grow from $182.4B in 2018 to $214.3B in 2019. By the end of the year, it’s estimated that ‘cloud only’ will account for 30% of technology provider’s software investment strategies.
- The public cloud service market is expected to reach $206.2 billion in 2019 worldwide
- More than $1.3 trillion in IT spending will be affected by the shift to the cloud by 2022
- 30% of all IT budgets were allocated to cloud computing in 2018
- 61% of companies choose Cloud services due to their cost-cutting initiatives
- $20 billion was the Quarterly SaaS spending in Q2 2018
- The manufacturing industry will spend more than $5 billion on cloud services in 2019
- The US is predicted to spend a total of $124.6 billion on cloud services in 2019
- The hosting, storage, and computing cloud service market is estimated to be worth $163 billion by 2021
Research from Gartner shows that the U.S. is the leading country in cloud technology. Cloud computing originated from the U.S. where it continues to set the pace for adoption around the world.
- The UK is the sixth biggest user of cloud technology. Britain alone has an adoption rate of 41.9%
- Swedish enterprises mostly use cloud services for file storage. It was the most purchased type of cloud service, jumping from 33% to 42% in two years
- Cloud services have grown spectacularly in India, with the figure reaching $1.8 billion in 2017, which is further expected to rise to $4.1 billion by 2020
- 88% of UK businesses were using cloud services in 2018
- Only 2% of UK businesses weren’t using cloud computing in any way
- Only 26% of EU enterprises used cloud computing in 2018
According to Cloud Computing News,the public cloud spending is forecast to grow from $229 billion in 2019 to reach nearly $500 billion in 2023. The adoption of cloud services will continue to expand rapidly. Businesses will look to shift from traditional application software to SaaS.
- Amazon Web Services is the leading cloud vendor with a 32% share
- 90% of companies are on the cloud
- Over the next decade, more than 40 zettabytes of data will be flowing through cloud servers and networks
- The average person uses 36 cloud-based services every single day
- 71% of potential cloud users look for speed improvements, 63% want greater flexibility, and 57% pick the improved customer support
- Dropbox continues to be the leading cloud storage provider with 47.3%
- 77% of enterprises have at least one application or a portion of it in the cloud
Safety & Security
One of the big reasons individuals and businesses choose cloud computing is due to security reasons. Every year we are presented with new technological opportunities, however, these also come with challenges. IT security remains one of the biggest challenges that organisations face.
- More than 90% of breaches are the user’s fault and not the provider’s
- 90% of data breaches and cyber attacks are caused by human error
- Phishing scams account for 34% of data breaches
- The average enterprise experiences 23.2 cloud-related threats a month
- The danger of cloud breach has increased by 18.4% since 2016
- The cost of a data breach amounts to $3.86 million on average worldwide
- The average breach cost in the US is up to $7.9 million
- 60% of organizations use cloud technology to store confidential data
- The U.S. Government is the biggest cloud user with 48% of federal and state agencies utilising cloud-based services
- Currently, there are over 13,000,000 cloud servers scattered across the world
- A new cloud server can host 600 smartphones and 120 tablets
- According to LinkedIn, Cloud computer is the most in-demand skill
- Over 50% of jobs in 2019 require knowledge of cloud technology