Cloud Computing Industry Overview
Last updated: 4/1/2025
The cloud computing industry has revolutionized how businesses deploy and manage IT resources. With a market size exceeding $400 billion and projected double-digit growth, cloud services now power everything from startup applications to enterprise infrastructure. The market is segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).Market leaders include [Amazon Web Services](#company), [Microsoft Azure](#company), and [Google Cloud Platform](#company), who collectively control over 60% of the global market. The industry has created new business models focused on subscription services, pay-as-you-go pricing, and managed services.
Cloud computing intersects with [software development](#industry), [data analytics](#industry), and [cybersecurity](#industry) industries, forming the backbone of modern digital infrastructure.