How big is the Cloud Industry Market | Size & Growth 2025

Q: What is the current size of the cloud industry market?

The cloud industry market was valued at USD 559.7 billion in 2024 and is projected to reach USD 1,346.2 billion by 2031.

Q: What is the growth rate of the cloud industry market?

The cloud industry market is expected to grow at a CAGR of 13.1% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the cloud industry market?

Enterprise resource planning, storage and backup, cloud analytics, collaboration tools, and customer experience platforms.

Q: What is driving demand in the cloud industry market?

Enterprise modernization, remote work enablement, data-driven decision-making, and rising reliance on SaaS-based ecosystems.

Q: What challenges does the cloud industry market face?

Data security concerns, vendor lock-in risks, compliance issues, and cloud skill shortages.

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: MTA5404

Publication Date: Jul 2025

How big is the Cloud Industry Market?

According to 6Wresearch internal database and industry insights, the cloud industry market was valued at approximately USD 559.7 billion in 2024 and is projected to reach USD 1,346.2 billion by 2031, growing at a CAGR of 13.1%.

This growth is driven by the surge in enterprise digitalization, rapid cloud-native adoption, and the demand for scalable, secure, and flexible IT infrastructure across all sectors.

Key Growth Drivers of the Cloud Industry Market

Prevalent digitalization in the public and the private sphere
Faster hybrid, public and multi-cloud deployment
Increasing demand of SaaS, PaaS and IaaS on cross verticals
Tendencies towards remote work that accelerate cloud-based interaction and cooperation
A growing demand of safe and low data storage and analysis

Cloud Industry Market Trends

The cloud industry market is experiencing major shifts with increasing investments in AI-integrated cloud platforms, serverless computing, and green cloud infrastructure. Edge computing and 5G integration are enhancing real-time cloud applications in healthcare, manufacturing, and logistics. There's a significant push for sovereign cloud solutions to meet data localization laws. North America leads in market share, while Asia-Pacific is witnessing exponential growth due to SME adoption and tech-led policy frameworks.

Emerging Developments in the Cloud Industry Market

Recent developments include AI-enabled cloud orchestration tools, sustainable data center deployments, and blockchain-secured cloud ecosystems. Companies are increasingly migrating mission-critical workloads to the cloud while focusing on interoperability and vendor-neutral ecosystems. Partnerships between hyperscale cloud providers and cybersecurity firms are becoming standard to offer integrated, secure cloud environments. Industry-specific cloud solutions for banking, retail, and healthcare are gaining traction.