What is Cloud Computing?

The Cloud Computing Market encompasses the delivery of scalable computing services—including storage, processing power, software, and analytics—via the internet. It enables businesses to dynamically adjust resources without the need for physical infrastructure investment, offering operational flexibility, global accessibility, and cost-efficiency. Strategically, it is the backbone of digital transformation across industries.

Empowers businesses to launch new digital products rapidly with reduced time-to-market.
Offers easy integration with AI/ML, IoT, and big data platforms, enabling innovation at scale.
Enhances security and compliance through cloud-native risk management frameworks.
Opens big growth avenues in sectors like healthcare, finance, manufacturing, and public services via industry-specific cloud offerings.

Market Size:

Cloud Computing Market was valued at USD 752 billion in 2024 and is projected to reach a market size of USD 2,269.5 billion by 2030 at a CAGR of 22%.

Key Players:

•    The Descartes Systems Group Inc.
•    VMware LLC
•    Alibaba Cloud
•    Amazon Web Services, Inc.
•    CloudHesive
•    Coastal Cloud
•    DigitalOcean
•    Google
•    GroundCloud
•    IBM
•    Microsoft Azure
•    Oracle Cloud
•    Rackspace Technology, Inc.
•    Salesforce, Inc.
•    Tencent

Case Study – Microsoft Azure:

Leveraged by global logistics firms for supply chain optimization via integrated AI + IoT cloud frameworks, reducing latency by 40% and improving forecasting accuracy—showcasing cloud’s potential as a strategic performance multiplier.

Popularity & Stats:

Over 90% of enterprises globally use cloud services in some form.
Hybrid and multi-cloud deployments are becoming standard, with 76% of enterprises reporting active adoption.
DevOps and cloud-native app development are now core to modern IT strategies.

Market Segmentation:

By Type

•    Infrastructure as a Service (IaaS)
o    Compute
o    Storage
o    Networking
o    Backup & Recovery

•    Platform as a Service (PaaS)
o    Application Development & Management
o    Business Analytics
o    Database Management
o    Integration & Orchestration

•    Software as a Service (SaaS)
o    Customer Relationship Management (CRM)
o    Enterprise Resource Planning (ERP)
o    Supply Chain Management (SCM)
o    Human Capital Management (HCM)
o    Collaboration & Productivity Suites

•    Function as a Service (FaaS) / Serverless Computing
•    Cloud Management and Security Services
•    Others

By End User

•    Banking, Financial Services, and Insurance (BFSI)
•    IT and Telecommunications
•    Retail and Consumer Goods
•    Healthcare and Life Sciences
•    Manufacturing
•    Government and Public Sector
•    Media and Entertainment
•    Energy and Utilities
•    Education
•    Transportation and Logistics
•    Others

What’s in It for You? 

•    Identify high-growth industry verticals with underpenetrated cloud usage
•    Benchmark competitive positioning of cloud service providers
•    Discover emerging service models (PaaS, IaaS, SaaS) reshaping enterprise IT
•    Evaluate partner ecosystems and reseller networks for scale advantage
•    Assess regulatory and data residency trends impacting go-to-market strategies