Global AveragesGlobal Averages

    Global Average Cloud Spending

    Last updated: February 7, 2026

    $679B

    USD billions (total)

    Global cloud spending reached approximately $679 billion in 2024, growing 20% year-over-year. The US accounts for ~60% of cloud consumption. AWS, Azure, and Google Cloud control ~66% of the market. By 2028, 60%+ of all enterprise IT spending will be cloud-based.

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    Why This Average Exists

    Cloud spending growth reflects the fundamental shift from on-premises to cloud-based infrastructure, reshaping the global technology landscape and enabling digital transformation.

    Factors That Affect Global Average Cloud Spending

    • Digital transformation initiatives
    • Remote work trends
    • AI/ML workloads
    • Data sovereignty laws
    • Pricing competition
    • Enterprise budget shifts

    Methodology & Data Sources

    The data presented on this page is compiled from publicly available datasets published by international organizations including the World Bank, World Health Organization (WHO), International Labour Organization (ILO), United Nations, NASA, and national statistical agencies.

    Global averages are calculated using population-weighted or arithmetic means depending on the metric. Country-level data reflects the most recent available figures, typically from 2023–2024. Where gaps exist, the latest available data point is used.

    All figures are subject to revision as source organizations update their datasets. For the most authoritative data, we encourage consulting the original sources linked in the table above.

    Further Reading