What is the share of IBM Cloud Market?
According to 6Wresearch internal database and industry insights, the IBM Cloud Market is valued at USD 68.9 billion in 2024 and is anticipated to reach USD 124.5 billion by 2031, growing at a CAGR of 9.1% during 2025-2031.
The driving factors behind the expansion of this industry include enterprise digital transformation, AI integration, and hybrid cloud adoption. This industry is expected to have a market share of more than 28% of the cloud computing industry in 2024.
Growth Factors for IBM Cloud Industry
- Increasing enterprise adoption of hybrid and multi-cloud strategies for flexibility and security of data.
- Adoption of artificial intelligence and automation for optimising workloads and increasing efficiency.
- Continued global demand for cloud-native applications for accelerated innovation and development cycles.
- Expansion of edge computing, which fuels the need for scalable and secure infrastructure.
- Enterprise partnerships or collaborations to enable interoperability and compliance.
IBM Cloud Market Trends
Market trends relating to IBM Cloud indicate a strong shift to hybrid environments that combine on-premises and public cloud capabilities. Enterprises are focusing on data sovereignty, compliance, and AI-driven automation to manage workloads. Increased adoption of containers and Kubernetes is changing the way applications are deployed. In addition, sustainability initiatives are increasing interest in energy-efficient data centres and carbon-neutral operations. Strategic partnerships with sectors such as healthcare and finance are also driving cloud innovation.
Emerging Developments in the IBM Cloud Market
The IBM Cloud Market developments indicate continuous innovation through AI-powered solutions and industry-specific platforms. IBM is enhancing its Watsonx suite for enterprise-grade AI and data management capabilities. The company is expanding edge computing capabilities to support low-latency applications and IoT integration. Furthermore, increased investment in security frameworks and compliance solutions is enabling enterprises to manage risk effectively. Collaborative ventures with telecom providers are strengthening 5G and hybrid cloud infrastructure deployment.
List of Leading Companies in the IBM Cloud Market
Some of the leading companies include:
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc.
- Google LLC
- Oracle Corporation
- Alibaba Cloud
- Salesforce, Inc.
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