How Many Companies Use Cloud Computing in 2024? All You Need To Know

Has your website ever suffered from a cyberattack, resulting in the loss of critical data?

Have you ever lost important files, software, or programs due to a hard drive crash at one point? 

Are you looking for a solution that will also save you some cash?

Look no further. Cloud computing is the answer.

More and more businesses are adopting it.

In this article, we’ll discuss how many companies use cloud computing, what are the benefits, and why you should jump on the bandwagon. 

Amazing Cloud Adoption Statistics for 2023

Check out some of our fantastic cloud adoption stats to get you started.

• The public cloud computing market will be worth $800 billion by 2025.
• By 2024, enterprise cloud spending will make up 14% of IT revenue globally.
• Platform as a Service (PaaS) will grow by 26.1% in 2022.
• 70% of companies using the cloud plan to increase their budgets in the future.
• 57% of businesses will migrate their workloads to the cloud in 2022.
• Amazon Web Services (AWS) had an 80% share of the enterprise cloud adoption in 2022

See? 

We told you the numbers were mind-blowing.

But that’s not all!

How Many Companies Are Using Cloud Computing in 2022?

In this section, we will be exploring the cloud computing market.

1. The market for public cloud will be worth $800+ billion by 2025.

(Source: Cision)

Corporations are using the cloud more and more.

According to predictions, the global cloud computing market will grow by $461 billion by the last quarter of 2025. That will be a 17.5% Compound Annual Growth Rate (CAGR).   

And this implementation is happening in every industry imaginable, such as retail, media, telecom, education, banking, and other financial services.

2. Predictions show that spending for enterprise cloud platforms will increase by 14% in 2024. 

(Source: Gartner)

End users quickly learned to adapt to the “new normal” when the unforeseen pandemic hit in 2020. 

Organizations have discovered that it's possible to use a computer system without direct management by the user. In other words, they don’t have to own any data centers and can also pay for services like storage as they can go. Honestly, who can resist that?

According to enterprise cloud adoption statistics, the sector will grow by almost 15% by 2024. That will be a 5% increment compared to 2020.

3. In 2022, Platform as a Service (PaaS) will grow by 26.1%.

(Source: Gartner)

Forecasts show that spending on application infrastructure like PaaS will grow by a little over a quarter in 2022 to $109.6 billion. The number one position will go to SaaS with $176.6 billion in 2022, with a growth of 16%. Infrastructure as a Service (IaaS) will come in second with $119.7 billion, growing 30.6% from the previous year.

4. ¾ of organizations using cloud services plan to increase their expenditure.

(Source: Gartner)

According to cloud adoption stats, 7 out of 10 establishments using the services in 2020 decided to disburse more money in the area. In the wake of the pandemic, businesses needed to invest more money in virtual working technologies. 

The market will also continue growing in the coming years as more telecommunications companies partner with service providers to form hybrid work environments. More consumers will adopt automation for better collaboration and flexible working. 

5. In 2022, 57% of organizations are moving their workloads to the cloud.

(Source: Flexera)

2020 will go down in history as the year most companies had to transform their operations almost overnight.

Two years later, how many companies use cloud computing?

As of 2022, nearly six out of 10 businesses moved their work to the cloud. This trend is likely to continue in the coming years, as the cloud computing market grows.

6. In 2022, AWS got the largest enterprise public cloud adoption.

(Source: Flexera)

Amazon Web Services offers an affordable cloud platform and is one of the company’s top earners. In only Q1 2022, it earned the ecommerce store $18.4 billion.

When it comes to competition, cloud adoption enterprise statistics show that Azure has surpassed AWS in 2022 with 80% of enterprises running some workload on it. 15% more are either planning to implement it in the future or are already trying it out.

Second place goes to AWS with 77% running workloads. 16% of enterprises are either experimenting or planning to use it.

Enterprise Cloud Adoption Statistics

Over the last decade, companies have been moving their activities to the cloud in their thousands. Soon, we may find that almost no one will be willing to utilize physical servers to carry out company operations anymore. In that regard, we have decided to bring you some of the essential cloud adoption enterprise statistics you will ever encounter on the internet. Read on to discover them.

7. Cloud costs will become cheaper in the future.

(Source: Analytics India Mag)

Businesses that need to save a coin are in luck.

Why?

The cloud space is not a monopoly.

That means that as more businesses continue to opt for the services, costs are likely to go down as well.

Cloud computing facts show that companies like AWS, Google Cloud, and Azure are the most popular as of 2022. 

However, be on the lookout for firms like IBM, Alibaba, Oracle, or VMware since they are also striving to do well in the niche.

Now, that’s good news for buyers, and I’ll tell you why:

New and upcoming service providers try to get a competitive edge by offering the best product at the most affordable rates. The Giants have no choice but to follow suit. Guess who has more top-of-the-range options at pocket-friendly prices? You, the consumer.

8. As of 2020, most businesses preferred to use the public cloud.

(Source: Flexera)

In 2020, 31% of enterprises depended on the public cloud, a cheaper alternative according to public cloud adoption statistics. Hybrid cloud took second place, with 28% of businesses prioritizing it. Also, 17% of enterprises considered the public and private cloud to be of equal priority. On-premises private cloud and hosted private cloud came last with 9% and 6%, respectively.

9. By Q4 of 2022, the adoption rate of cloud containers will hit 50%.

(Source: TechRepublic)

Users get more control with cloud containers as they use programs virtually compared to regular servers. Containers are reliable, efficient, and productive, which explains why they are becoming increasingly popular. 

Predictions on the future of cloud computing show that serverless computing will jump to 50% by the end of 2022.

10. 93% of organizations using the cloud in 2020 had a multi-cloud strategy.

(Source: Flexera)

Cloud adoption statistics show that over 90% of companies utilizing the cloud in 2020 also embraced multi-cloud. 87% went the hybrid route. 

Some people confuse a multi-cloud strategy with a hybrid cloud.

Well, there’s a difference between the two.

A hybrid cloud strategy leverages the outstanding qualities of the combination of both public and private cloud hosting. On the other hand, a multi-cloud strategy utilizes various cloud service providers like Amazon AWS, Google Cloud, etc., to perform their duties. 

A multi-cloud strategy may or may not include a hybrid cloud, depending on what you want to achieve. The primary reason for multi-cloud strategy adoption is to reduce dependency on a particular cloud host in case of a breakdown.

Small and Medium-Size Businesses (SMBs) Cloud Adoption Statistics

For SMBs, the cloud provides the perfect platform for operating on a low budget and still being able to maximize profit without compromising quality, cost, and efficiency. It is no wonder SMBs are the most significant adopters of cloud technology in today's economy. Keep reading to find out some of the most fascinating SMB cloud adoption statistics.

11. 63% of SMBs will prefer to use a public-hosted cloud service in 2022.

(Source: Flexera)

SMBs are always on a tight budget. This means they have to maximize all of the available resources to achieve the desired result. The public cloud is easy to use, cost-efficient, easily scalable, and even comes with pre-installed hardware and applications. 

Compared to private and hybrid clouds, this is a cheaper option.

12. Cloud Computing is 40x cost-effective compared to in-house IT systems for SMBs.

(Source: Multisoft Virtual Academy)

Yes, you read that correctly. Cloud computing can help you cut costs in ways that you never imagined possible with physical servers. 

For one, moving to the cloud will save you the expenses of owning and maintaining hardware equipment needed by physical servers, such as repairs, electricity bills, upgrades, and security expenses. Secondly, you only pay for resources that you make use of in the cloud.

13. 25% of North American employees will permanently work virtually from 2022.

(Source: Ladders)

Remote working is no longer reserved for freelancers only.

Cloud adoption statistics for 2022 show that decision-makers in the US and Canada plan to move 25% of their workforce to telework in the long term.

14. 40% of Fortune 500 companies will undergo a digital transformation in 2021.

(Source: Venture Beat)

How many Fortune 500 companies use cloud computing? 

Almost 50% of Fortune 500 companies are going to experience some form of technological transformation in 2021. They will either enhance existing platforms or automate manual operations. 

We already see some changes in this area in 2021. For instance:

• Banks in most countries let clients carry out mobile transactions so they don’t have to visit physical branches. 
• Curbside delivery allows consumers to pick up products without the need to visit and wait in line in brick-and-mortar stores.

15. 20% of businesses “strongly agree” that they don’t have the skills necessary for cloud migration.

(Source: IDC)

Rolling out technological systems requires some tech knowledge.

The cloud adoption stats for 2022 show that 20% of companies are completely sure that they don’t have the necessary competency to undergo digital transformation. This can be fixed by proper training.

Public Cloud Adoption Statistics

A public hosted cloud allows businesses to utilize a data center's services without actually owning one. In this case, a cloud host (eg, Amazon) leases out some part of its data center to businesses on a temporary basis, and at a fee. Your cloud host handles all management and maintenance, and you only pay for the services that you need. 

Now.

Let’s talk about public cloud adoption statistics.

16. By 2022, 90% of enterprises in the globe will be using multi-cloud.

(Source: IDC)

Cloud adoption statistics show that utilization of multi-cloud will be almost 100% in 2022. An IDC report predicted more companies would prefer a mix of legacy platforms, multiple public, and on-premise private clouds in a bid to meet infrastructure requirements.

17. In 2020, 97% of Information Technology managers (IT) planned to distribute work through different clouds.

(Source: Businesswire)

Multi-cloud environments were becoming popular with IT heads in 2020, with nearly 100% of them planning to distribute workloads through them. Note that this is a trend that’s still ongoing in 2021. 

There are some reasons for this preference, and here they are:

• 43% of participants want to meet compliance and regulation needs
• Each provider will offer a set of benefits, according to 42% of the managers 
• 63% of respondents plan to do it to increase reliability and availability

18. User spending in the public cloud computing market will reach $494.7 billion by 2022.

(Source: Gartner)

Global end-user spending on public cloud services is geared to reach unprecedented levels. According to cloud adoption statistics for 2022, end-user expenditure will grow by $83.8 billion in 2022 from the previous year. This translates to a 20.4% year-over-year growth.

Which Industry Is the Biggest User of Cloud Computing?

Since taking the center stage as the most preferred platform for storing, managing, and processing business data, cloud computing has seen massive adoption across various industries. The stats that follow will introduce some of the most significant industry users of cloud technology around the globe.

19. Infrastructure as a Service (IaaS) will grow by over 30% in 2022.

(Source: Gartner)

IaaS is set to experience a nice, healthy growth spurt. Its implementation will grow by 30.6% compared to what it was in 2021, according to cloud adoption stats for 2022. In that same period, Business Process Services (BPaaS) will experience a more modest growth of around 8%.

20. SaaS will account for 75% of all workloads in 2021.

(Source: Business)

As more businesses move away from on-premise platforms, SaaS will continue to be a favorite. Seven out of 10 workloads in 2021 will come from SaaS as companies continue to look for solutions that will address the lessons from the effect of Covid in 2020.

21. 89% of businesses prefer the multiple-hybrid cloud in 2022.

(Source: Flexera)

A multi-cloud strategy allows an organization to run all of its activities on different clouds, using various providers. It helps save costs, is great for security reasons, and offers good backup plans. 

This strategy is pretty much the standard among organizations - 89% of businesses opt for it, according to hybrid cloud adoption statistics for 2022. Of those, 80% have chosen the hybrid cloud route.

22. Adobe Inc. is the largest SaaS company in the US in 2022.

(Source: Mike Sonders)

As of 2022, Adobe Inc. is the biggest SaaS Company in the United States. The company has a $202.8B market capitalization, according to cloud adoption statistics. 

It holds a narrow lead over second-place Salesforce, which is worth $189.2B. Financial software company Intuit is some way behind, coming in at $132.3B.

Cloud Adoption Rates by Country

Yes, cloud usage is at an all-time high, but not all countries are utilizing its benefits equally. Here are some of the top cloud adoption statistics by country.

23. North America's online backup budget is at 10% as of 2022.

(Source: SWZD)

North America allocates 10% of its cloud budget to online data restoration and recovery in the cloud. Europe allots 9% for backup. North America directs 14% of its total information technology budget to cloud productivity, while Europe — only 11%.

24. Cloud investment by the US Federal government will rise to $11 billion in 2022.

(Source: Bisnow)

The United States government spares no efforts to accelerate the adoption of cloud computing by its agencies. It is expected that US federal agencies will spend $11 billion on cloud services in 2022. This is a 34% increase from the previous year.

25. In 2020, the UK was the third-largest cloud consumer in the world.

(Source: Pure Cloud)

Cloud use statistics by country show that the United Kingdom was among the top three investors in 2020, with $13.8 billion. The first place went to the United States with $171 billion. China was the second-largest investor with $14.5 billion.

26. As of 2020, spending on cloud services was 25% in the Asia Pacific (APAC) region.

(Source: BCG)

According to statistics on cloud adoption rate by country, Singapore, China, Malaysia, Australia, Japan, and Indonesia are the leaders of cloud adoption in Asia.

27. 41% of enterprises in EU countries used cloud computing to host their emails in 2021.

(Source: EC Europa)

The adoption of cloud computing by EU enterprises is undergoing steady growth. 

2021 saw quite an improvement in the number of companies adopting cloud use. About 41% of firms in the region had started using it, mostly for file storage and email hosting.

Cloud Security Statistics for 2023

One of the top reasons why organizations are moving to the cloud is security. The cloud has sophisticated and up-to-date security software that makes it difficult for cyberattacks to target businesses. Here are some of the most outstanding cloud security statistics.

28. 60% of organizations will use Cloud Access Security Brokers (CASB) by 2022.

(Source: eWeek)

Businesses store sensitive data in the cloud, which naturally causes questions regarding the security aspect. Firms that use multiple topologies, applications, and cloud providers are most often scrutinized.

But you need not worry, as CASB can protect your information. In fact, cloud security statistics for 2021 show that six out of 10 businesses will embrace their use come 2022. 

There’s a reason why they’re becoming the go-to option for many:

They have top-notch safety features that you wouldn't normally find with regular cloud service providers. In addition, they offer strong controls and granular visibility.

29. Hackers will target home computers in 2022 and beyond.

(Source: Government Technology)

Remember the time when “Nigerian princes” were all over the internet trying to scam people?

Well, cybercriminals have come a long way since then and now have smarter and more sophisticated ways of tricking users into installing malware. A recent example of how swift these criminals have become is the SolarWinds incident. 

Predictions show that lots of internet thugs will target people working from home in 2022.

30. 80% of bad bots operate from the cloud in 2021.

(Source: Dark Reading)

Not to scare you, but there are a lot of opportunistic virtual machines lurking in the cloud waiting to pounce on unsuspecting users.

But here at Techjury, we say that information is power.

It can help you seal all your vulnerabilities and stop attackers in their tracks.

According to cloud security stats, eight out of 10 digital robots live in the cloud as of 2021. They are so sophisticated that they are not using high-tech technology like Kubernetes, SageMaker, or AWS Glue.

Again, this is a call for all stakeholders to ensure they conduct awareness training and invest in security tools.

The Future of Cloud Computing

Advanced artificial intelligence is at the forefront of future trends in the cloud computing market. Let’s talk about the cloud computing market trends as a whole.

31. Spending on AI will increase to $432.8 billion in 2022.

(Source: IDC)

According to cloud adoption statistics, AI will grow 19.6% year over year. Artificial intelligence will help distribute loads of work via the cloud as well as make most tasks automatic.

32. By 2024 Global 2000 Enterprises will create data at a rate of 1.4 million gigabytes.

(Source: Data Center Frontier)

Cloud computing market trends show that we can expect lots of data from Global 2000 Enterprises. These organizations will be processing close to 1.5 million gigabytes by 2024. All this data will need storage, and the cloud will come in handy. 

33. Companies plan to increase hybrid cloud deployment by 54%.

(Source: Tech Republic)

According to hybrid cloud adoption statistics, over 50% of survey participants want to implement the solutions by 2026. It will happen as establishments get rid of non-cloud data centers.

34. Over half of the organizations operating the top cloud services worldwide have adopted serverless computing in 2022.

(Source: Datadog)

Serverless computing allows developers to create, test, launch, and manage programs on the cloud without purchasing server space. Instead, it charges users on a pay-as-you-use basis. Many times, businesses switch to the cloud to rent a fixed number of servers or space without owning them. 

According to statistics on how many companies use cloud computing in 2022, serverless organizations are on the rise. Serverless adoption by firms operating in the cloud is 73% (AWS), 55% (Google Cloud), and 54% (Azure). 

35. The TV cloud computing segment will grow to $4.2 billion in 2026.

(Source: Markets and Markets)

The Cloud TV space grew by 1.2 billion in 2020. Predictions show that growth in the sector will more than triple in the coming years.

By 2026, its worth will increase by $3 billion, a CAGR of 21.9%. This will happen as internet users consume more content on connected TVs, tablets, smartphones, and other devices. 

Wrap Up

So.

How many companies use cloud computing?

Cloud computing is no longer an upcoming trend - it has successfully taken over most industries' online processes. The high level of security, cost-effectiveness, flexibility, and high scalability are undeniable benefits.

If your business is not actively utilizing the cloud, there’s no better time to switch than now.

Trust us, it’ll be worth it.