We can see the continuous increase of data in recent years as well as numerous techniques to access and store it. As the sector’s scale expands more and more, so does the sort of innovation linked with it. Cloud computing is one example.

Most organisations use this as a term whenever it comes to controlling their large amounts of data confidentiality.

Thus, what more can we anticipate from Cloud Computing in 2021? Can it turn out well in the next few years?

Therefore in the post, we examined the significance of Cloud Computing this year and how it may act in the coming years.

Cloud Computing statistics show that the sector will develop at an enormous speed in the next decades. Consider the statistics from the old days. The marketplace was expected to achieve $24.65 billion in 2010, but it has already crossed the $100 billion barrier and had exceeded $150 billion by the end of the previous year.

  1. Mostly during the second quarter of 2020, expenditure on cloud infrastructure solutions surpassed $30 billion.
  2. Cloud computing, according to 74% of IT CFOs, seemed to have the greatest influence on their firm in 2017.
  3. In 2017, implementation of cloud services increased by 18%.
  4. During the work-from-home transition in 2020, 84 percent of IT workers were concerned around cloud computing.
  5. The marketplace for cloud computing, processing, as well as computational services is expected to reach $163 billion by 2021.
  6. In 2018, 80 percent of businesses selected Amazon Web Services as their major cloud platform.
  1. As per 2018 cloud services statistics, there were 3.6 billion cloud customers, with the proportion growing at an alarming rate. Commercial cloud relates to cloud computing solutions used on a daily basis, such as iCloud, Dropbox, and cloud password services.
  2. In the insurance industry, hybrid clouds account for 73% of IT. Although cloud service providers are most prevalent in the hospitality and entertainment industries (28 percent), private cloud services dominate in engineering (30 percent ).
  3. According to cloud computing statistics, 69 percent of companies planned to adopt multi-cloud setups in 2019.
  4. For software suppliers, the enterprise SaaS industry presently produces $20 billion every quarter.
  5. In 2018, 96 percent of businesses began spending in public and private cloud infrastructures.
  1. Cloud service providers have expanded dramatically in India, with a total value of $1.8 billion in 2017. Furthermore, India is the second-fastest-growing cloud computing marketplace, after only China. According to 2018 cloud based data, it had a GDP of 7.2 percent in Q3 2018.
  2. According to cloud services use data, 77 percent of companies had at least one application in the cloud in 2018. Additionally, research on the subject indicated that 15% of businesses planned to follow suit over the next twelve months.
  3. In 2016, the wide variety of different cloud technologies utilised by businesses increased by 23%. When we compare it to the figure from 2013, we can see that it has nearly tripled.
  4. AWS has almost one million active users. Around 10% of these are enterprise-level, with the remainder being small and medium-sized enterprises.
  5. 42 percent and 41 percent of on-the-cloud In 2018, Swedish companies employed cloud computing for storage space as well as email hosting.
  6. According to Amazon’s cloud services statistics, the firm has installed stronger cloud architecture than all of its rivals altogether.
  7. As per Gartner, the public sector is expected to generate $331.2 billion in annual revenue by 2022, rising from $182.4 billion in 2018.
  1. A research of cloud services developments done by IDG yielded some intriguing results regarding the company’s typical cloud spending. Surprisingly, cloud computing revenue increased from $1.62 million in 2016 to $2.2 million in 2018.
  2. Google Cloud earned $2.77 billion in the first quarter of 2020. This is a 52 percent increase over the preceding year’s earnings of $1.825 billion.
  3. As of April 2019, Westminster had officially funded $1.73 billion. The government is spending $1.46 billion on hosting, maintenance, and technology during 2017 and 2018. The irony is that the expenses for 2014 were just $559 million, but they will continue to rise during the changeover.
  4. By 2025, 99 percent of cloud infrastructure problems will be the result of consumer negligence.’
  5. Human mistake is responsible for around 90% of data compromises and assaults. Phishing frauds contribute to 34% of security breaches, whereas opening a link containing ransomware occurs 19% of the time.
  6. Every month, the typical company faces 23.2 cloud-related risks. During 2016, the risk of cloud attacks has grown by 18.4 percent.
  7. On average, the cost of cybercrime is $3.86 million worldwide. According to cloud services statistics, failures are likely to occur, making a compromise down the line highly plausible. But, if you move promptly and solve the problem during the first 30 days, you may save up to a million dollars on average.
  1. Cloud technology is used by 60% of companies to safeguard sensitive data.
  2. The fact is that the largest cloud services market opportunity in 2021 will belong to a category called ‘other.’ AWS comes in second with a 32 percent share.
  3. As per cloud services statistics by nation, cloud computing originated in the United States, which has led the industry since 2015. Other nations’ cloud usage will be substantially lower by 2022.
  4. Flexera performed a larger poll to see how the pandemic will influence cloud growth. More than half of the 187 respondents predicted that cloud consumption will be higher than projected, owing to the additional capacity required to satisfy demand.
  1. According to cloud computing use data, the adoption of Platform-as-a-service (PaaS) was just 32% in 2017. This is anticipated to increase considerably to 56% by 2021, projected to be the fastest category of cloud applications.
  2. Cloud computing statistics show that while there are many expensive options accessible, there are several other excellent alternatives available. The most prominent at the moment are iCloud for Mac and Dropbox, which each have an astonishing 300 million users.
  3. Cloud-based applications are becoming more popular by the day. Throughout 2013 and 2016, their number then quadrupled, from 545 to 1427 distinct services.
  4. According to cloud computing estimates, a whopping 83 percent of organisations’ workload will be kept on the cloud by 2020.
  5. Manufacturers ($19.7 billion), management consulting ($18.1 billion), and finance ($16.7 billion) are the three industries that end up spending much more on cloud computing technology.
  1. Cloud applications may help with interactive work document sharing, sharing of content, and data protection in businesses. In their everyday routine the average employee employs 36 cloud-based technologies.
  2. According to the forecast, the amount will be $187 billion higher than in 2017. With $190 billion, Software as a Service (SaaS) will be the biggest contributor. This industry will develop at a 19% compound annual growth rate (CAGR) during 2021 and 2025. As a consequence, by 2025, the trade volume will be $679 billion.
  3. This represents a 17.5 percent increase from 2018 to 2019 – a bold but fair prediction. In terms of prior year-to-year growth, the industry had a whopping 21 percent increase around then.
  4. Cloud infrastructure suppliers will expand their dominance and earn more money as a result. If forecasts are right, investment on IT facilities would exceed $55.7 billion by 2022. According to IDC cloud services data, interest for servers, Network segments, and business storage solutions will expand at a 10.9 percent annual pace.
  5. Participants who attempted to create forecasts nevertheless concluded up missing them by 24 percent on average. It is more important than ever for businesses to optimise their expenses for efficient resource distribution.  Nonetheless, 70% of cloud users intend to boost their spending in the future.
  1. The 2020 cloud projection predicted that there will be 5,200 GB of data for each and every person on the planet, totaling 40 zettabytes. To put it into perspective, a typical zettabyte comprises one sextillion bytes — 1 followed by 21 zeros, in case you were wondering

Final Lines

So now you have it, we’ve addressed every internal and external information associated with cloud computing. We’ve learnt about the many sorts of clouds as well as the market’s main suppliers. You now have a better understanding of how and why people and corporations choose and use clouds.

We’ve additionally discussed several key difficulties and hazards related to increased cloud usage.

Cloud computing, as evidenced by the statistics, is critical for the current environment.

It is entirely up to you whether or not to utilise it. Furthermore, the cloud computing statistics cited above indicate that we will all finish up in the cloud at some point.