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:

Cloud computing: $38 billion
All computing:¹ $1.5 trillion

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.