Global Public Cloud Market Size & Outlook, 2023-2030
Global public cloud market, 2018-2030 (US$M)
Related Markets
Global public cloud market highlights
- The global public cloud market generated a revenue of USD 217,430.0 million in 2023 and is expected to reach USD 514,886.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.1% by 2030.
- In terms of segment, software as a service (saas) accounted for a revenue of USD 117,513.1 million in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 217,430.0 million |
| Market revenue in 2030 | USD 514,886.5 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
Other key industry trends
- In terms of revenue, the North America accounted for 48.2% of the global public cloud market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 17,547.0 million by 2030.
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Public Cloud Market Scope
Public Cloud Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global public cloud market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to public cloud market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 54.05% in 2023. Horizon Databook has segmented the Global public cloud market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Public Cloud Service Outlook (Revenue, USD Million, 2018-2030)
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- Global Public Cloud Application Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecom
- Retail & Cosumer Goods
- Others
- Government & Hybrid Sector
- Government & Private Sector
- Government & Public Sector
- Media & Entertainment
- Healthcare
- Energy & Utilities
- Manufacturing
- Global Public Cloud Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
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Target buyers of Global public cloud market databook
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Our clientele includes a mix of public cloud market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global public cloud market , including forecasts for subscribers. This global databook contains high-level insights into Global public cloud market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global public cloud market size, by region, 2018-2030 (US$M)
Top 10 countries by Public Cloud Market revenue, 2023 (US$M)
Global public cloud market share, by service, 2023 & 2030 (%, US$M)
Public cloud market: Opportunity assessment by country
Global public cloud market, by region, 2023 (US$M)
| Service | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 3,595.7 | 3,950.6 | 5,067.0 | 6,819.1 | 8,965.0 | 11,492.1 | 13,843.9 | 16,205.6 | 18,578.4 | 20,961.3 | 23,463.7 | 26,202.8 | 29,213.8 | 14.3% |
| Europe | 14,559.2 | 15,757.1 | 19,903.2 | 26,397.4 | 34,201.7 | 43,207.8 | 51,296.6 | 59,177.9 | 66,860.3 | 74,343.4 | 82,067.1 | 90,358.6 | 99,333.0 | 12.8% |
| North America | 35,685.9 | 38,545.7 | 48,594.5 | 64,316.5 | 83,158.2 | 104,837.3 | 124,204.8 | 142,990.0 | 161,216.9 | 178,887.8 | 197,029.3 | 216,460.3 | 237,432.1 | 12.5% |
| MEA | 5,255.5 | 5,754.0 | 7,328.6 | 9,859.2 | 12,944.6 | 16,555.7 | 19,879.8 | 23,175.0 | 26,434.3 | 29,647.4 | 33,200.1 | 36,966.7 | 41,095.4 | 14.0% |
| Asia Pacific | 12,667.5 | 13,979.7 | 18,014.2 | 24,337.9 | 32,121.6 | 41,337.1 | 49,991.2 | 58,748.0 | 67,612.9 | 76,582.9 | 86,002.1 | 96,374.2 | 107,812.2 | 14.8% |
| Overall | 71,763.8 | 77,986.9 | 98,907.5 | 131,730.1 | 171,391.1 | 217,430.0 | 259,216.3 | 300,296.5 | 340,702.7 | 380,422.8 | 421,762.3 | 466,362.5 | 514,886.5 | 13.1% |
Related regional statistics
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