Raw Data: How Big Is the Cloud Computing Market?

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I don’t know why this popped into my head, but given the enormous growth of cloud computing I got curious about how big a share it is of all computing. Roughly speaking, it turns out that total spending in 2016 is:

So cloud computing currently accounts for about 2.5 percent of all IT hardware and software spending. I have no point to make about this.

1Hardware and software only, not including telecom spending. CompTIA estimates that non-telecom spending is about $2.24 trillion in 2016 and that hardware and software account for about two-thirds of that.

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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