Cloud Computing Industry Data Book - Public Cloud, Private Cloud and Hybrid Cloud Market Size, Share, Trends Report

Cloud Computing Industry Data Book - Public Cloud, Private Cloud and Hybrid Cloud Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

  • Published Date: Jul, 2023
  • Report ID: sector-report-00185
  • Format: Electronic (PDF)
  • Number of Pages: 350

Database Overview

Grand View Research’s cloud computing industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The following data points will be included in the final product offering in 3 reports and one sector report overview:

Cloud Computing Industry Data Book Scope



Research Areas

  • Public Cloud Market
  • Private Cloud Market
  • Hybrid Cloud Market

Details of Product

  • 3 Individual Reports - PDFs
  • 3 Individual Reports - Excel
  • 1 Sector Report - PPT
  • 1 Data Book - Excel

Cumulative Country Coverage

40+ Countries

Highlights of Datasets

  • Deployment Type Revenue, by Countries
  • Service Revenue, by Countries
  • Enterprise Size Revenue, by Countries
  • End-use Revenue, by Countries
  • Competitive Landscape

Number of Tables (Excel) in the bundle


Cloud Computing Industry Data Book Coverage Snapshot

Markets Covered

Cloud Computing Industry

USD 483.97 billion in 2022

14.1% CAGR (2023-2030)

Public Cloud Market Size

USD 171.39 billion in 2022

13.1% CAGR (2023-2030)

Private Cloud Market Size

USD 222.30 billion in 2022

14.7% CAGR (2023-2030)

Hybrid Cloud Market Size

USD 90.28 billion in 2022

14.2% CAGR (2023-2030)


Cloud Computing Sector Outlook

The global market size for cloud computing was estimated at USD 483.97 billion in 2022 and is anticipated to increase at a CAGR of 14.1% from 2023 to 2030. The growth can be attributed to factors such as the increasing amount of data generated by mobile applications and websites, the need for large storage requirements, the increasing need to deliver customer-centric applications to increase customer satisfaction, and the need for control and reduction of Capital Expenditures (CAPEX) and Operational Expenditures (OPEX). Several emerging technologies are driving the growth of the global cloud computing market, such as big data, Artificial Intelligence (AI), and Machine Learning (ML). In addition, cloud computing services are driven by other prominent factors, such as protecting private information, increasing Disaster Recovery (DR) speed, and the execution of regulatory mandates. As a result, cloud storage services with unlimited storage are increasingly being implemented by enterprises.

Cloud services provide businesses and individuals with a secure, safe way to store important data. Furthermore, cloud accounts include various encryption tools to protect data, which may increase demand for public cloud services. According to the survey report conducted by Flexera Software in March 2023, the multi-cloud would primarily be used for security tools, followed by cost optimization tools, governance tools, and management tools. 

Cloud Computing Market Facts

Regional Cloud Computing Market Size, (USD Billion)

Cloud Computing Regional Market Share, 2022

Key Regional Trend

North American region dominated this space in 2022 and is expected to maintain its dominance over the forecast period.

Public Cloud Market Analysis and Forecast

The global public cloud market size was valued at USD 171.39 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. Higher application density, lower costs, and increasing efficiency are prominent factors driving demand for the public cloud industry. Moreover, due to economies of scale, public cloud providers can charge less for their services. Applications hosted in the public cloud can boost businesses' productivity. Businesses run more apps on fewer servers, which increases productivity and lowers costs. Businesses can quickly launch new applications or services using the public cloud compared to their infrastructure.

Global Public Cloud Market Share, by Region, 2022 (%)

Businesses from all sectors utilize dependable frameworks, services, and controls to benefit from innovative new technologies in the cloud. In addition, organizations and entire economies worldwide are increasingly adopting the cloud. For instance, in April 2022, Accenture launched Sovereign Cloud Practice to increase innovation in the Cloud. Accenture Cloud First Sovereign Practise currently has new sovereign cloud facilities in Germany, Kronberg, Trondheim, Norway, Rome, and Paris. Sovereign cloud is a strategy that enables businesses to manage their data storage location, its accessibility, and how it is processed in a cloud environment in response to newly emerging industry standards and regulatory regulations in certain jurisdictions or industries. These centers, housed within Accenture Innovation Hubs, bring together industry, security, and technology experts from Accenture with partners from the ecosystem to speed up the digitization of corporate processes and reveal new data cooperation opportunities.

An increasing number of startups are concentrating on company improvement and expansion, which calls for large initial funding to create these resources. The demand for public cloud services is rising quickly because, in most cases, these services are provided at very low costs. In addition, the public cloud market is anticipated to grow as a result of the rise of enterprise trends such as, Choose Your Own Device (CYOD), Bring Your Own Device (BYOD), Artificial Intelligence (AI), and Internet of Things (IoT). Due to the pay-as-you-go service, no maintenance expenses, infrastructure initiatives, or long-term contracts are required for this service. These factors are anticipated to fuel the expansion of the public cloud market.

Private Cloud Market Analysis and Forecast

The global private cloud market was valued at USD 222.30 billion in 2022 and is expected to grow at a CAGR of 14.7% over the forecast period from 2023 to 2030. Businesses with variable networks frequently use the private cloud to ensure access and total control over the cloud environment. Enterprises are adopting a private cloud due to the necessity for data protection and compliance with the shifting regulatory environment. Companies aim to lower CAPEX while concentrating on business transformation projects that improve organizational agility.

U.S. Private Cloud Market Size, 2020 - 2030 (USD Billion)

Enterprises are increasingly adopting private cloud infrastructure due to the high volume of sensitive data they produce. Companies can better understand customer behavior and create new goods and services by analyzing patterns in real-time data. Hence, enterprises are continuously adopting private cloud infrastructure.

Vendors are continuously adopting various growth strategies to increase their presence in the market. For instance, in March 2022, Adobe announced the development of the ecosystem with new partners and tools. Through the launch of Adobe Experience Cloud, its private cloud network, the company started offering developers new tools for creating and deploying cloud-based apps that integrate seamlessly across its products. The extensive ecosystem of tech partners for Adobe includes FedEx, Anaplan, OneTrust, Walmart, PayPal, and The Weather Company, an IBM Business.

Hybrid Cloud Market Analysis and Forecast

The global hybrid cloud market size was valued at USD 90.28 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. There has been a significant shift toward hybrid infrastructure services due to the expansion of cloud and industrialized services and the loss of traditional Data Center Outsourcing (DCO). A decline in traditional DCO is due to the increase in infrastructure utility services, colocation, and hosting spending. This is anticipated to fuel the transition to cloud hosting. Moreover, government agencies are refocusing their efforts on implementing hyper-scale clouds, which offer advantages including unified operations, data center modernization, application innovation, and security and governance. Furthermore, the cloud allows government organizations to handle cyclical demands or emergencies without overprovisioning hardware.

Global Hybrid Cloud Market, by Service, 2020 - 2030 (USD Billion)

Hybrid cloud solutions offer enterprises a competitive edge by enabling scalability, advanced services, and secure infrastructure. This strategy provides a secure firewall for private services and sufficient integration. In addition, it offers several benefits, such as total support for the remote workforce, decreased operational costs, and improved scalability, control, security, and risk management. Hence, the extensive use of cloud computing services is expected to boost demand for hybrid cloud solutions over the forecast period.

Competitive Landscape

The market is highly competitive due to the presence of major players such as Alibaba Group Holding Ltd.; Inc.; Adobe Inc.; Google LLC; Microsoft Corp.; International Business Machines Corp; Oracle Corp.; Inc.; SAP SE; and Workday, Inc. Companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in this competitive industry. For instance, in May 2023, SAP SE expanded its partnership with Google Cloud, to introduce an open data offering that simplifies data landscapes and increases business intelligence. SAP Datasphere and Google's cloud-enable customers to build end-to-end data clouds that bring data from across their enterprise landscape, allowing businesses to view the entire data estate in real time and maximize the value of their SAP SE and Google Cloud software investments. The new Google Cloud open data offering complements SAP's RISE with SAP solution, allowing customers to view their most crucial data without duplication in real-time.

Cloud Computing Industry Strategy



Partnerships & Collaborations

Google LIC; International Business Machines Corporation; Microsoft Corporation

Merger & Acquisitions

Adoble Inc; Workday, Inc.

New Product Development

Adobe Inc.; Alibaba Group Holding Limited Google LLC; International Business Machines Corporation


Product upgrades and new product developments are the key strategies adopted by market players to improve their market position. SAP SE; Microsoft Corporation; Oracle Corporation; Rockwell Automation Inc.; Honeywell International Inc.; Aventri Inc.; Sage Group, plc; NetSuite, Inc.; International Business Machines Corporation; and General Electric Co. are some key vendors actively engaging in innovation and product upgrades. For instance, in October 2022, Oracle Corporation announced the launch of Oracle Alloy, a new cloud infrastructure platform that allows integrators, service providers, Independent Software Vendors (ISVs), and other businesses such as financial institutions or telecom providers to launch new cloud services to their clients. These businesses provide a full range of cloud services using Alloy, brand and customize the user experience, and package extra value-added services and apps to cater to the unique requirements of their target markets and industry verticals. OCI's public cloud also offers more than 100 platform and infrastructure services through Alloy.

Key Drivers

  • Increased resource, user mobility, and ongoing migration of applications over the cloud

  • Increasing adoption of technologies such as artificial intelligence, machine learning, 5G, and IoT

  • Growing demand for quick access to real-time data and deploy large projects

  • The rise in the need for disaster recovery management among enterprises due to cyber-attacks and system downtime

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