Cloud Computing Market Size | Share & Forecast 2025–2031

Q: What is the projected size of the cloud computing market by 2031?

The global cloud computing market is anticipated to reach approximately USD 1.49 trillion by 2031, growing at a CAGR of 16.3% from 2025 to 2031.

Q: What factors are contributing to the rapid growth rate of the cloud computing market?

Growth factors are widespread digital transformation, the integration of advanced technologies, and the rising demand for flexible and cost-effective IT infrastructure.

Q: How does the growth rate of the cloud computing market vary by region?

North America leads the market with increasing adoption, while Asia-Pacific is experiencing the fastest growth due to increased investments and government digital initiatives.

Q: How are small and medium-sized businesses (SMBs) contributing to market growth?

SMBs are adopting cloud solutions at rapid pace owing its cost efficiency, scalability, and improved operational flexibility.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4178

Publication Date: Jun 2025

How is the Cloud Computing Market Growing?

According to 6Wresearch internal database and industry insights, The Global cloud computing market size is valued at approximately USD 649 billion in 2024 and predicted to reach at around USD 1.49 trillion by 2031, with a robust compound annual growth rate (CAGR) of 16.3% from 2025 to 2031 period.

The cloud computing market is moving forward with rapid growth due to several drivers such as the increasing adoption of digital technologies, the demand for scalable IT solutions, and advancements in AI and IoT.

Key Growth Drivers Of The Market

Increasing investment in cloud infrastructure by enterprises.
Expanding 5G networks driving enhanced cloud access.
Growing digital transformation across industries.
Rising demand for hybrid and multi-cloud environments.
Advancements in AI, machine learning, and edge computing.

Cloud Computing Market Trends

From 2025 to 2031, the cloud computing market is expected to rise and flourish worldwide due to several trends including increasing adoption of edge computing, serverless architectures, and hybrid cloud solutions. Emerging technologies are also contributing in the growth of market for example AI, blockchain, and IoT are further reshaping the landscape. In terms of region, the North America and Asia-Pacific remain dominant regions. Simultaneously, the emerging economies such as Latin America and Africa continue to embrace cloud technologies through increasing investments and digital transformation initiatives.