Public Cloud Market Size

Public Cloud Market size was over USD 487 billion in 2024 and is estimated to reach USD 1579.1 billion by the end of 2037, expanding at a CAGR of 10.3% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the public cloud is estimated at USD 537.1 billion.

Digital transformation initiatives, shift to remote work, adoption of AI, machine language, and big data analytics are some of the key factors driving the public cloud market growth significantly. Furthermore, businesses are leveraging the public cloud to modernize legacy systems, streamline operations, and innovate faster. Focus on data sovereignty and compliance with regional regulations is pushing cloud providers to establish localized data centers.

Additionally, emphasis on sustainability and green cloud initiatives is growing as organizations prioritize environmentally responsible practices. These factors in addition to growth initiatives undertaken by global public cloud market leaders are also boosting the industry expansion further. For instance, in January 2023, Accenture acquired Inspirage which is an integrated Oracle Cloud specialist firm headquartered in Bellevue, Washington, aiming to accelerate innovation for clients. In addition, in September 2024, Avaya announced the launch of the Avaya Experience Platform (AXP) Public Cloud in India, completing the local availability of the company’s unified CX platform.