In 2020, global annual recurring revenue from foundational cloud services (FCS) amounted to 100 billion U.S. dollars. By 2025, this number is projected to increase to 300 billion U.S. dollars. FCS offer affordable and standardized infrastructure as well as several deployment options to customers. This allows them to choose the best provider for a given workload, for example. This allows businesses to focus on business goals instead of infrastructure management.
Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025
(in billion U.S. dollars)
CAGR: 28.8%
Data for years 2021 to 2024 has been calculated by Statista using a CAGR published by the source.
Foundational cloud services are defined as the infrastructure as a service (IaaS), platform as a service (PaaS), and system infrastructure as a service (SISaaS) markets where the top eight public cloud services providers held a combined market share greater than 60% in 2020. Key service portfolios include compute services, data services, app framework services, usage multiplier services.
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Statista. (September 27, 2021). Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/
Statista. "Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025 (in billion U.S. dollars)." Chart. September 27, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/
Statista. (2021). Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/
Statista. "Foundational Cloud Services (Fcs) Annual Recurring Revenue Worldwide from 2020 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 27 Sep 2021, https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/
Statista, Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/ (last visited November 21, 2024)
Foundational cloud services (FCS) annual recurring revenue worldwide from 2020 to 2025 (in billion U.S. dollars) [Graph], Statista, September 27, 2021. [Online]. Available: https://www.statista.com/statistics/1266155/foundational-cloud-services-annual-recurring-revenue/
