In 2018, the public cloud computing market is projected to be worth around 141 billion U.S. dollars. The market has seen massive growth over the past decade, skyrocketing from a value of less than six billion dollars a decade ago.
What is cloud computing?
Cloud computing is a technology which allows users to take advantage of computing services, storage space, and processing power through the internet, without the need for their own hardware and software. The ability of cloud computing to provide access to computing power that would otherwise be extremely expensive has made the technology popular among companies of all sizes in addition to billions of individual personal cloud storage users.
What is the public cloud?
The public cloud refers primarily to cloud vendors such as Microsoft and Amazon, who offer cloud resources to any person or company who wishes to purchase them, as opposed to many big corporations who operate their own private internal cloud. A major share of technical executives and managers from around the world report that their company is either using or plans to use public cloud platforms in their operations.
Total size of the public cloud computing market from 2008 to 2020
(in billion U.S. dollars)
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Forbes, & Tata Communications. (March 1, 2019). Total size of the public cloud computing market from 2008 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/
Forbes, und Tata Communications. "Total size of the public cloud computing market from 2008 to 2020 (in billion U.S. dollars)." Chart. March 1, 2019. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/
Forbes, Tata Communications. (2019). Total size of the public cloud computing market from 2008 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/
Forbes, and Tata Communications. "Total Size of The Public Cloud Computing Market from 2008 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Mar 2019, https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/
Forbes & Tata Communications, Total size of the public cloud computing market from 2008 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/ (last visited December 21, 2024)
Total size of the public cloud computing market from 2008 to 2020 (in billion U.S. dollars) [Graph], Forbes, & Tata Communications, March 1, 2019. [Online]. Available: https://www.statista.com/statistics/510350/worldwide-public-cloud-computing/
