Cloud Computing Statistics 2026
By Axis Intelligence Research
Co-author: Elena Rodriguez | Last updated: October 31, 2026 | License: CC BY 4.0
Worldwide spending on cloud infrastructure services reached $167.7 billion in the third quarter of 2026, up 55% year over year, according to Synergy Research Group. In the same quarter, Amazon, Microsoft and Alphabet spent $167,981 million on property and equipment: Axis Intelligence Research’s Build-to-Market Ratio (BMR™) reached 1.00 — one dollar built for every dollar the whole market billed.
Quick Answer
The cloud infrastructure market billed $167.7 billion in Q3 2026 and $558 billion over the trailing twelve months, with growth accelerating for a twelfth straight quarter (Synergy Research Group, October 29, 2026). According to Axis Intelligence Research, the three largest providers now spend on data centers roughly what the entire market earns in a quarter: a BMR of 1.00, up from 0.73 a year earlier.
Key Findings
- Worldwide cloud infrastructure services revenue reached $167.7 billion in Q3 2026, up 55% year over year, according to Synergy Research Group’s October 29, 2026 release.
- According to Axis Intelligence Research, Amazon, Microsoft and Alphabet spent $167,981 million on property and equipment in Q3 2026, equal to 1.00 times Synergy’s estimate of the entire quarter’s cloud infrastructure revenue.
- According to Axis Intelligence Research, Google Cloud added $15,552 million of year-over-year quarterly revenue in Q3 2026, more than AWS ($12,978 million) or Azure ($10,781 million), per the three companies’ filings.
- According to Axis Intelligence Research, AWS, Microsoft, Google Cloud and Oracle disclosed $2.48 trillion of contracted commitments at their latest quarter-ends, 4.4 times Synergy’s trailing-twelve-month cloud infrastructure market.
- Gartner forecasts worldwide infrastructure-as-a-service (IaaS) spending of $367 billion in 2027, up 25.7%, after 31.3% growth to $292 billion in 2026 (Gartner, October 21, 2026).
How Big Is the Cloud Computing Market in 2026?
There is no single cloud market number, and the honest answer starts by naming what is being counted. Three measurements carry the weight in 2026, and they measure three different things.
Synergy Research Group tracks provider revenue for cloud infrastructure services — infrastructure as a service, platform as a service (PaaS) and hosted private cloud. Its Q3 2026 estimate is $167.7 billion for the quarter and $558 billion for the trailing twelve months. Gartner tracks what buyers spend on IaaS alone and puts 2026 at $292 billion. IDC tracks all public cloud services, software as a service (SaaS) included, and expects spending to surpass $1 trillion in 2026, growing over 21%.
| Measurement | 2026 figure | What it counts | Source |
|---|---|---|---|
| Cloud infrastructure services, Q3 2026 | $167.7B (quarter) | IaaS + PaaS + hosted private cloud, provider revenue | Synergy Research Group, Oct 29, 2026 (estimate) |
| Cloud infrastructure services, trailing 12 months | $558B | Same scope, four quarters to Sep 30, 2026 | Synergy Research Group (estimate) |
| Exit run rate (Q3 × 4) | $670.8B | Arithmetic floor, not a forecast | Axis Intelligence Research calculation |
| Worldwide IaaS end-user spending | $292B | IaaS only, buyer side | Gartner, Oct 21, 2026 (estimate) |
| Worldwide public cloud services spending | More than $1 trillion | SaaS + PaaS + IaaS | IDC, Mar 4, 2026 (estimate) |
Elena Rodriguez: A buyer reading “$1 trillion” and a buyer reading “$292 billion” are not looking at a disagreement. One number includes every Microsoft 365 seat and every CRM licence billed as a subscription; the other is the rented compute, storage and network underneath. If you are sizing a migration budget, the infrastructure figure is the one that maps to your workloads. If you are sizing a vendor’s total wallet, it is the trillion.
Cloud market size by region
Synergy reports that the US accounts for 44% of the worldwide cloud infrastructure market in Q3 2026 and had the highest growth rate among major countries. IDC’s 2026 public cloud forecast puts US spending at $647 billion and Western Europe at $255 billion. In the June quarter, Synergy measured US growth at 49%.
How Fast Is the Cloud Market Growing?
Faster than at any point Synergy describes in its recent series. Q3 2026 growth reached 55%, up from 43% in Q2 2026, and the year-over-year rate has now risen for twelve consecutive quarters. The market took eight quarters to double, and Synergy credits AI with 185% growth in the market since ChatGPT launched in late 2022.
| Quarter | Revenue | YoY growth | Trailing 12 months | Source |
|---|---|---|---|---|
| Q3 2025 | $106.9B (as first published) | — | $390B | Synergy Research Group |
| Q2 2026 | $143.4B | 43% | $500B | Synergy Research Group |
| Q3 2026 | $167.7B | 55% | $558B | Synergy Research Group |
A methodological note that matters for anyone recomputing growth: dividing $167.7 billion by Synergy’s first-published Q3 2025 figure of $106.9 billion gives 56.9%, not 55%. Synergy’s own 55% implies its Q3 2025 base was revised to roughly $108.2 billion. Axis Intelligence Research uses Synergy’s stated growth rate and flags the revision rather than publishing a self-computed rate on mismatched vintages.
AWS vs Azure vs Google Cloud: Revenue and Growth in Q3 2026
All three hyperscalers now publish quarterly cloud revenue in dollars. Microsoft’s FY27 Q1 release is the first earnings release to list Azure as its own revenue line, recast to a narrower definition.
| Provider | Q3 2026 revenue | Q3 2025 revenue | YoY growth | Incremental revenue | Source |
|---|---|---|---|---|---|
| AWS | $45,984M | $33,006M | 39.3% | $12,978M | Amazon Q3 2026 release |
| Microsoft Azure | $33,165M | $22,384M (recast) | 48% | $10,781M | Microsoft FY27 Q1 release |
| Google Cloud | $30,709M | $15,157M | 103% | $15,552M | Alphabet Q3 2026 release |
| Combined | $109,858M | $70,547M | 55.7% | $39,311M | Axis Intelligence Research calculation |
Combined, the three company-reported cloud lines grew 55.7% — almost exactly Synergy’s 55% for the whole market, from two independent methods. That agreement is the strongest evidence on this page that the acceleration is real rather than an artefact of one tracker.
Read the incremental column, not the growth column. Google Cloud added $15,552 million of new quarterly revenue year over year, ahead of AWS at $12,978 million. One definitional caveat travels with that ranking: Google Cloud’s segment includes Workspace and, in 2026, sales of TPU systems, which Alphabet says contributed meaningfully to growth. AWS remains the largest business, at a $184 billion annualized run rate with a 38.7% operating margin.
Synergy’s share estimates for the same quarter: Amazon 26%, Microsoft 19%, Google 16%. The rounded three-way total is 61%, down from 63% in Q2 2026, and Synergy attributes the erosion to neoclouds and AI labs. For provider-by-provider share analysis, see our cloud market share statistics, and the dedicated AWS, Azure and Google Cloud pages.
Elena Rodriguez: The procurement read on a 61% top-three share is not “the hyperscalers are losing.” It is that a GPU-heavy slice of demand now prices against CoreWeave, Nebius and the labs’ own platforms. For a mid-market buyer that mostly runs databases and Kubernetes, the shortlist has not changed. For anyone renting accelerators by the hour, it has.
Build-to-Market Ratio (BMR™): How Much Are Hyperscalers Building Relative to the Cloud Market?
Definition. The Build-to-Market Ratio (BMR™) is an Axis Intelligence Research metric. It divides the combined quarterly purchases of property and equipment of Amazon, Microsoft and Alphabet by Synergy Research Group’s worldwide cloud infrastructure services revenue for the same quarter. A BMR of 1.00 means the three companies spent one dollar on physical capacity for every dollar the entire market billed.
Formula. BMR = (Amazon + Microsoft + Alphabet quarterly capex) ÷ Synergy worldwide cloud infrastructure services revenue.
Q3 2026 reading. ($77,259M + $39,367M + $51,355M) ÷ $167,700M = $167,981M ÷ $167,700M = 1.00. Q3 2025 reading. ($35,095M + $19,394M + $23,953M) ÷ $106,900M = $78,442M ÷ $106,900M = 0.73.
| Company | Q3 2026 capex | Q3 2025 capex | YoY change | Capex line used | Source |
|---|---|---|---|---|---|
| Amazon | $77,259M | $35,095M | +120.1% | Purchases of property and equipment | Amazon Q3 2026 release |
| Microsoft | $39,367M | $19,394M | +103.0% | Additions to property and equipment (excludes finance leases) | Microsoft FY27 Q1 release |
| Alphabet | $51,355M | $23,953M | +114.4% | Purchases of property and equipment | Alphabet Q3 2026 release |
| Combined | $167,981M | $78,442M | +114.1% | — | Axis Intelligence Research calculation |
| Synergy market revenue | $167,700M | $106,900M | 55% (Synergy) | Cloud infrastructure services | Synergy Research Group |
| BMR™ | 1.00 | 0.73 | — | — | Axis Intelligence Research |
The ratio rose by 0.27 in four quarters because capex at the three companies grew 114.1% while the market grew 55%. Capex was compounding at roughly twice the rate of the revenue it is meant to serve.
Scope. The numerator is company-wide: Amazon’s figure includes fulfilment and logistics, Alphabet’s funds Search and YouTube infrastructure, and Microsoft’s excludes capacity taken on finance leases. The denominator includes revenue earned by providers outside the three. BMR is a market-level ratio of building to billing, not a return calculation for any single company. On the base implied by Synergy’s 55% growth rate (about $108.2 billion), the Q3 2025 reading would be 0.725; either way it rounds to 0.73. This is the metric’s baseline publication; the next reading follows Synergy’s Q4 2026 release.
Elena Rodriguez: Run the vendor deck the other way round. If the three biggest landlords are pouring a full quarter of market revenue into concrete, chips and power every quarter, the payback assumption is that utilisation stays tight through 2028. Customers with three-year committed-spend agreements are the ones underwriting that bet — which is precisely why contracted backlog, below, matters as much as revenue.
Provider-level capex efficiency (incremental revenue per capex dollar) is tracked separately as the Cloud Capex Efficiency (CCE™) metric on our cloud market share page; announcements feed our AI capex tracker.
How Much Cloud Revenue Is Already Under Contract?
More than four years of today’s entire market. Amazon’s Form 10-Q puts commitments not yet recognized on contracts longer than one year — primarily AWS — at about $578 billion as of September 30, 2026, with a weighted-average remaining contract life of 6.1 years. Amazon described the same figure on its earnings call as AWS backlog growing triple digits year over year. Microsoft’s commercial remaining performance obligation (RPO — contracted revenue not yet recognized) reached $677 billion, up 73%. Alphabet’s Form 10-Q reports $560.8 billion of RPO for Google Cloud as of September 30, 2026, with just over 55% of Alphabet’s total backlog expected to be recognized within 24 months. Oracle reported $664 billion of RPO at August 31, 2026.
| Company | Disclosed commitments | As of | Scope | Source |
|---|---|---|---|---|
| Microsoft | $677B | 2026-09-30 | All commercial contracts, not Azure only | Microsoft FY27 Q1 release |
| Oracle | $664B | 2026-08-31 | Company-wide RPO | Oracle Q1 FY27 release |
| AWS | $578B | 2026-09-30 | Commitments not yet recognized, primarily AWS | Amazon Form 10-Q |
| Google Cloud | $560.8B | 2026-09-30 | Google Cloud RPO | Alphabet Form 10-Q |
| Sum | $2,479.8B | — | Mixed scope, upper-bound tally | Axis Intelligence Research calculation |
According to Axis Intelligence Research, the four disclosures sum to $2.48 trillion, or 4.4 times Synergy’s trailing-twelve-month market of $558 billion. The sum is published with its scope stated: Microsoft’s figure covers Microsoft 365 and Dynamics as well as Azure, and Oracle’s is company-wide. It is a tally of what has been signed, not a cloud-only backlog.
Per-provider coverage ratios (backlog ÷ annualized cloud revenue) are computed as the Backlog Coverage Multiple (BCM™) on our cloud market share statistics page, which owns that metric.
How Much of Cloud Spending Is AI?
It depends on who is counting, and the gap between counts is itself the finding.
| Measure | 2026 | 2027 | Source |
|---|---|---|---|
| AI-specific services share of cloud infrastructure services | About one third | — | Synergy Research Group (estimate) |
| GenAI-specific cloud services growth, Q2 2026 | 165% | — | Synergy Research Group (estimate) |
| AI-optimized IaaS spending | $42,276M | $66,143M | Gartner, Aug 10, 2026 (estimate) |
| Total IaaS spending (August vintage) | $287,347M | $359,899M | Gartner, Aug 10, 2026 (estimate) |
| AI-optimized IaaS share of IaaS | 14.7% | 18.4% | Axis Intelligence Research calculation |
| Inference vs training spending, AI-optimized IaaS | $23.3B vs $19B | Inference 59% of total | Gartner (estimate) |
Synergy says AI-specific services make up around a third of the cloud infrastructure market. Gartner’s AI-optimized IaaS forecast implies a far smaller slice: $42,276 million against $287,347 million of total IaaS, or 14.7% in 2026, rising to 18.4% in 2027. Axis Intelligence Research does not merge the two. Synergy counts AI platform services and GenAI APIs inside PaaS; Gartner counts only infrastructure built for AI. The two numbers bracket the answer from different sides.
The more decision-relevant detail sits inside Gartner’s forecast: inference spending ($23.3 billion) overtakes training spending ($19 billion) in 2026, and inference rises to 59% of AI-optimized IaaS in 2027. Alphabet reported its first-party model APIs processing nearly 32 billion tokens per minute in Q3 2026.
Elena Rodriguez: Training is a project budget. Inference is a line on every month’s invoice, indexed to usage you do not fully control. The FinOps teams that tamed reserved-instance sprawl are now looking at token meters, and that is why waste went up this year rather than down.
How Many Companies Use Cloud Computing?
In the European Union, 52.74% of enterprises with ten or more employees bought paid cloud computing services in 2025, up 7.42 percentage points from 2023, according to Eurostat. Eurostat is the only official statistical office publishing a comparable multi-country enterprise series, which is why it anchors this section.
| Measure, EU, 2025 | Share | Source |
|---|---|---|
| All enterprises buying paid cloud | 52.74% | Eurostat |
| Large enterprises | 84.67% | Eurostat |
| Medium enterprises | 66.78% | Eurostat |
| Small enterprises | 49.3% | Eurostat |
| Highest country: Finland | 79.21% | Eurostat |
| Lowest country: Bulgaria | 17.83% | Eurostat |
| Cloud buyers using cloud e-mail | 85.15% | Eurostat |
| Cloud buyers purchasing computing power for their own software | 28.18% | Eurostat |
| Cloud buyers using at least one IaaS service | 77.25% | Eurostat |
| Enterprises highly dependent on the cloud | 40.89% | Eurostat |
The size gap is 35.4 percentage points between large and small firms, and the country gap is 61.4 points between Finland and Bulgaria (Axis Intelligence Research arithmetic).
The line that matters most for infrastructure demand is buried in the detail. Only 28.18% of EU cloud buyers purchase cloud computing power to run their own software, which means about 14.9% of all EU enterprises do (52.74% × 28.18%, an Axis Intelligence Research calculation). Half of European firms buy cloud; roughly one in seven rents compute. The rest buy e-mail, office software and file storage. That gap is the runway the hyperscalers’ infrastructure revenue is still selling into. Amazon’s CEO said on the Q3 2026 call that about 85% of global IT spend is still on-premises — a company-reported estimate, not a measured statistic, but one that frames the remaining runway. Sector breakdowns are on our cloud spending by industry page, and migration patterns on cloud migration statistics.
How Much Cloud Spending Is Wasted?
Respondents to Flexera’s 2026 State of the Cloud survey estimate that 29% of IaaS and PaaS spend is wasted, the first increase in five years, which Flexera attributes to surging AI workloads. Flexera sells cloud cost-management software, and the figure is self-reported, so it is best read as a direction rather than an audit.
| Flexera 2026 measure | Share |
|---|---|
| Estimated wasted IaaS/PaaS spend | 29% |
| Managing cloud spend is a top challenge | 85% |
| Organizations with a FinOps team | 63% |
| Organizations with a cloud center of excellence | 71% |
| Respondents using generative AI | 81% |
| Respondents using generative AI extensively | 45% |
| Organizations operating hybrid environments | 73% |
| Large enterprises spending over $5M per month on cloud | 76% |
Source: Flexera 2026 State of the Cloud Report (survey of 750+ cloud decision-makers, March 18, 2026). Deeper cost-governance data lives on our FinOps statistics page.
How Big Is the Sovereign Cloud Market?
Gartner forecasts worldwide sovereign cloud IaaS spending of $80,427 million in 2026, up 35.6%, rising to $110,609 million in 2027 — growth of 37.5% by Axis Intelligence Research arithmetic. Europe is the fastest-moving large region: $12,587 million in 2026, up 83.3%, and $23,118 million in 2027, when Gartner expects it to overtake North America ($21,127 million). Gartner also estimates that geopatriation will shift 20% of current workloads from global to local providers, without stating a target year.
| Region | 2026 | 2027 | Source |
|---|---|---|---|
| China | $47,379M | $54,854M | Gartner, Feb 9, 2026 (estimate) |
| North America | $16,394M | $21,127M | Gartner (estimate) |
| Europe | $12,587M | $23,118M | Gartner (estimate) |
| World | $80,427M | $110,609M | Gartner (estimate) |
Cloud Computing Outlook 2027: What the Forecasts and Filings Say
No published Q4 data exists yet, so this section reports what forecasters and companies have committed to in writing, and keeps them apart.
| 2027 signal | Figure | Type | Source |
|---|---|---|---|
| Worldwide IaaS spending | $367B, +25.7% | Forecast | Gartner, Oct 21, 2026 |
| Data center systems spending | $1,366B, +55.5% | Forecast | Gartner, Oct 21, 2026 |
| Worldwide IT spending | $7.35 trillion | Forecast | Gartner, Oct 21, 2026 |
| AI-optimized IaaS | $66,143M | Forecast | Gartner, Aug 10, 2026 |
| Sovereign cloud IaaS | $110,609M | Forecast | Gartner, Feb 9, 2026 |
| AWS revenue growth | Over 40% in 2027 and 2028 | Company projection | Amazon Q3 2026 release |
| Amazon 2026 cash capex | About $220B | Company guidance | Amazon Q3 2026 release |
| Oracle IaaS growth, latest quarter | 121% to $7,388M | Reported | Oracle Q1 FY27 release |
Gartner’s October forecast slows IaaS growth from 31.3% in 2026 to 25.7% in 2027. Amazon projects AWS growth above 40% in both years. Both statements can hold only if the largest providers keep taking share of IaaS spend from everyone else — the opposite of what Synergy’s share data showed in Q3. That tension is the single question most worth watching through 2027, and the BMR will show whether capacity keeps running ahead of billing while it is answered. Wider sector context sits in our Cloud & Digital Infrastructure outlooks, and power constraints in the data center electricity demand tracker.
Elena Rodriguez: If you are negotiating a 2027 renewal, the data argues for locking capacity rather than discounts. A market where providers spend a full quarter’s revenue on buildout every quarter and still report capacity constraints is not one where list prices for accelerators fall first. Price the commitment, not the rate card.
Methodology
Collection. Every figure on this page comes from a document fetched on October 31, 2026: Synergy Research Group’s Q3 2026, Q2 2026 and Q3 2025 (October 31, 2025) releases; Amazon’s, Microsoft’s and Alphabet’s Q3 2026 (FY27 Q1 for Microsoft) earnings releases; Alphabet’s and Amazon’s Forms 10-Q for the quarter ended September 30, 2026; Amazon’s Form 10-Q for the quarter ended March 31, 2026 (correction note); Amazon’s published summary of its Q3 2026 earnings call (on-premises estimate); Oracle’s Q1 FY27 release; Gartner’s releases of February 9, August 10 and October 21, 2026; IDC’s March 4, 2026 release; Flexera’s March 18, 2026 release; and Eurostat’s 2025 enterprise survey and its accompanying workbook (data extracted January 2026). No figure was carried over from earlier versions of this page.
Source levels. Company filings and releases are company-reported. Synergy, Gartner and IDC figures are estimates from measurement firms. Flexera’s figures are self-reported survey results from a cost-management vendor. Eurostat is official statistics.
Axis calculations. The Build-to-Market Ratio (BMR™), combined revenue and capex totals, incremental revenue, the commitments tally and the AI-optimized IaaS shares are Axis Intelligence Research calculations. Each formula and its inputs appear inline and in the dataset’s method_note column. Arithmetic was run twice, in floating point and in exact rational arithmetic.
Period alignment. Amazon, Microsoft and Alphabet report quarters ending September 30, 2026. Oracle’s quarter ended August 31, 2026, and is labelled wherever it appears. Microsoft’s Azure figures follow the FY27 definition, which excludes GitHub cloud, developer cloud, Security Copilot and some industry cloud products, with prior periods recast by Microsoft.
Scope. Company-reported cloud lines are not identically defined; Google Cloud includes Workspace and TPU systems sales, and Microsoft Cloud includes SaaS. Capex figures are company-wide. Synergy’s Q3 2025 base has been revised since first publication. Readings are dated snapshots as of September 30, 2026.
About This Dataset
The CSV contains every number on this page as one row, with value, unit, as-of date, geography, segment, vendor, source organization, source document, source URL, retrieval date, primary-source flag, Axis-calculation flag and method note. It covers 365 observations: rows from nine source organizations plus every Axis Intelligence Research calculation, including the full Eurostat country, sector and service-type series behind the interactive dashboard. Licensed CC BY 4.0. It is updated when Synergy publishes a new quarterly market estimate or when a hyperscaler restates a cloud line — not on a calendar.
Download: cloud-computing-statistics.csv
Cite This Research
- APA: Axis Intelligence Research, & Rodriguez, E. (2026, October 31). Cloud computing statistics 2026: A $168 billion quarter, 55% growth and what the data says about 2027. Axis Intelligence. https://axis-intelligence.com/cloud-computing-statistics/
- MLA: Axis Intelligence Research, and Elena Rodriguez. “Cloud Computing Statistics 2026: A $168 Billion Quarter, 55% Growth and What the Data Says About 2027.” Axis Intelligence, 31 Oct. 2026, axis-intelligence.com/cloud-computing-statistics/.
- Chicago: Axis Intelligence Research, and Elena Rodriguez. “Cloud Computing Statistics 2026: A $168 Billion Quarter, 55% Growth and What the Data Says About 2027.” Axis Intelligence, October 31, 2026. https://axis-intelligence.com/cloud-computing-statistics/.
Frequently Asked Questions
Is the cloud computing market bigger than $1 trillion?
Only if software as a service is counted. IDC forecasts public cloud services spending above $1 trillion in 2026, SaaS included. The infrastructure layer is smaller: Synergy Research Group estimates $558 billion of cloud infrastructure services revenue over the twelve months to September 30, 2026, and Gartner forecasts $292 billion of IaaS spending for 2026.
Why do cloud market size estimates disagree by hundreds of billions of dollars?
Because they measure different layers and different sides of the transaction. Synergy counts provider revenue for IaaS, PaaS and hosted private cloud; Gartner’s IaaS forecast counts buyer spending on infrastructure only; IDC adds SaaS. A figure without its scope stated cannot be compared with another.
Is cloud growth speeding up or slowing down in 2026?
Speeding up. Synergy Research Group measured 55% year-over-year growth in Q3 2026, up from 43% in Q2, the twelfth consecutive quarter of acceleration. The three hyperscalers’ own reported cloud revenue grew 55.7% combined, according to Axis Intelligence Research.
Will cloud growth slow down in 2027?
Forecasters expect it to; the largest provider does not. Gartner forecasts IaaS growth slowing from 31.3% in 2026 to 25.7% in 2027. Amazon projects AWS revenue growth above 40% in both 2027 and 2028. Both can be true only if the largest providers gain share of infrastructure spend.
Does Microsoft now report Azure revenue in dollars?
Yes. Microsoft’s FY27 Q1 release lists Azure revenue of $33,165 million for the quarter ended September 30, 2026, against a recast $22,384 million a year earlier, growth of 48%. The definition is narrower than the old “Azure and other cloud services” line.
Are hyperscalers spending more on data centers than they earn from cloud?
At the market level, about the same. According to Axis Intelligence Research, Amazon, Microsoft and Alphabet spent $167,981 million on property and equipment in Q3 2026, equal to Synergy’s $167.7 billion estimate of the entire quarter’s cloud infrastructure revenue — a Build-to-Market Ratio of 1.00, up from 0.73 a year earlier.
How much of cloud computing is now driven by AI?
Between roughly a seventh and a third, depending on the definition. Synergy says AI-specific services are around a third of the cloud infrastructure market. Gartner’s AI-optimized IaaS forecast equals 14.7% of total IaaS spending in 2026, by Axis Intelligence Research arithmetic. Inference spending overtakes training in 2026, per Gartner.
What share of companies use cloud computing?
In the EU, 52.74% of enterprises with ten or more employees bought paid cloud services in 2025, per Eurostat, ranging from 84.67% of large firms to 49.3% of small ones. Finland leads at 79.21%; Bulgaria trails at 17.83%. Only 28.18% of EU cloud buyers rent computing power for their own software.
Correction, October 31, 2026: Earlier versions of this page (April–July 2026) contained figures that could not be traced to a primary source or that primary sources contradict, including an AWS backlog of $244 billion (Amazon’s 10-Q reported about $364 billion as of March 31, 2026), a Q1 2026 Azure revenue of $34.7 billion (Microsoft had not published quarterly Azure revenue in dollars at that time), a Big Three share of 67% (Synergy’s 67% referred to public cloud only), and historical readings of the Axis Cloud Velocity Index (ACVI) that were estimated rather than computed from sourced inputs. The ACVI has been discontinued and replaced by the Build-to-Market Ratio (BMR™). Report errors to [email protected].