The global cloud infrastructure services market size was valued at USD 121.95 billion in 2023 and is projected to grow around USD 598.83 billion by 2033, representing at a CAGR of 17.30% from 2024 to 2033.
Key Takeaways
- North America contributed more than 45.30% of market share in 2023.
- Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
- By service type, the compute as a service segment has held the largest market share of 33% in 2023.
- By service type, the networking as a service segment is anticipated to grow at a remarkable CAGR of 18.9% between 2024 and 2033.
- By deployment model, the public cloud segment generated over 36% of the market share in 2023.
- By deployment model, the hybrid cloud segment is expected to expand at the fastest CAGR over the projected period.
- By organization size, the small and medium-sized enterprises (SMEs) segment generated over 56% of the market share in 2023.
- By organization size, the large enterprises segment is expected to expand at the fastest CAGR over the projected period.
- By end-user vertical, the IT & telecommunications segment generated over 21% of market share in 2023.
- By end-user vertical, the retail segment is expected to expand at the fastest CAGR over the projected period.
The Cloud Infrastructure Services market is a dynamic and rapidly evolving sector within the broader realm of cloud computing. As organizations increasingly shift their operations to the cloud, the demand for robust infrastructure services has surged. Cloud Infrastructure Services encompass a range of solutions, including compute power, storage, networking, and other fundamental components necessary for hosting and managing applications and data in the cloud.
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Growth Factors
The growth of the Cloud Infrastructure Services market is primarily driven by the escalating adoption of cloud technologies across industries. Factors such as cost efficiency, scalability, and flexibility provided by cloud infrastructure services contribute significantly to the market’s expansion. Additionally, the rise of digital transformation initiatives, the proliferation of data-intensive applications, and the increasing focus on remote work solutions further fuel the demand for advanced cloud infrastructure services.
Cloud Infrastructure Services Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 17.30% |
| Market Size in 2023 | USD 121.95 Billion |
| Market Size by 2033 | USD 598.83 Billion |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Service Type, By Deployment Model, By Organization Size, and By End-user Vertical |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Cloud Infrastructure Services Market Dynamics
Divers:
The market for Cloud Infrastructure Services is diverse, with a multitude of providers offering various specialized services. These services range from Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) to hybrid and multi-cloud solutions. Diversification also extends to the types of infrastructure offered, including serverless computing, storage solutions, and networking services. This diversity allows businesses to select and tailor cloud infrastructure services to meet their specific needs.
Opportunities:
Amidst the rapid growth of the Cloud Infrastructure Services market, several opportunities emerge for both existing and new market players. The increasing demand for edge computing, the continuous development of artificial intelligence and machine learning applications, and the expansion of 5G networks provide significant growth opportunities. Additionally, as organizations seek to optimize their IT infrastructure, managed services within the cloud infrastructure space present a promising avenue for service providers.
Challenges:
Despite the promising growth, the Cloud Infrastructure Services market faces challenges that necessitate strategic considerations. Security concerns, including data breaches and compliance issues, pose significant challenges for both service providers and adopters. Moreover, the complexity of managing diverse cloud environments, potential vendor lock-in, and ensuring seamless integration with existing IT infrastructure are hurdles that organizations must address.
Region Snapshot
The adoption and growth of Cloud Infrastructure Services vary across regions. North America and Europe continue to be prominent markets, driven by the early adoption of cloud technologies and the presence of established cloud service providers. Emerging economies in Asia-Pacific exhibit substantial potential for growth, fueled by increasing digitalization efforts and the adoption of cloud-based solutions in various industries. Regional regulations, connectivity infrastructure, and economic factors play crucial roles in shaping the landscape of the Cloud Infrastructure Services market across different regions.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Recent Developments
- In December 2022, Avalanche unveiled a strategic partnership with Alibaba Cloud, focusing on empowering users in Asia to deploy validator nodes on Avalanche’s public blockchain platform. The collaboration leverages Alibaba Cloud’s plug-and-play infrastructure, providing Avalanche developers with seamless access to launch new validators. This initiative is poised to enhance the accessibility and efficiency of Avalanche’s blockchain services, particularly in the rapidly evolving Asian market.
- In June 2022, VMware, Inc. introduced VMware vSAN+ and VMware vSphere+, offering organizations a seamless integration of cloud benefits into their existing on-premises infrastructure. This strategic move allows businesses to leverage the advantages of the cloud without disrupting ongoing workloads or host operations. VMware’s launch underscores a commitment to facilitating a smooth transition to cloud-based solutions, providing organizations with the flexibility and scalability needed to optimize their infrastructure and adapt to evolving technological landscapes.
Cloud Infrastructure Services Market Companies
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud Platform (GCP)
- IBM Cloud
- Oracle Cloud
- Alibaba Cloud
- VMware Cloud
- Cisco Systems
- Dell Technologies
- Hewlett Packard Enterprise (HPE)
- Salesforce
- Red Hat
- SAP
- Adobe
- Rackspace Technology
Segments Covered in the Report
By Service Type
- Compute as a Service
- Storage as a Service
- Networking as a Service
- Other Service Types (Desktop as a Service, Managed Hosting)
By Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
By End-user Vertical
- BFSI
- IT & Telecommunications
- Retail
- Healthcare & Life Sciences
- Government
- Other End-user Verticals (Energy & Utilities, Media & Entertainment)
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Cloud Infrastructure Services Market
5.1. COVID-19 Landscape: Cloud Infrastructure Services Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Cloud Infrastructure Services Market, By Service Type
8.1. Cloud Infrastructure Services Market, by Service Type, 2023-2032
8.1.1. Compute as a Service
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Storage as a Service
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Networking as a Service
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Other Service Types (Desktop as a Service, Managed Hosting)
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Cloud Infrastructure Services Market, By Deployment Model
9.1. Cloud Infrastructure Services Market, by Deployment Model, 2023-2032
9.1.1. Public Cloud
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Private Cloud
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Hybrid Cloud
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Cloud Infrastructure Services Market, By Organization Size
10.1. Cloud Infrastructure Services Market, by Organization Size, 2023-2032
10.1.1. Small and Medium-Sized Enterprises (SMEs)
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Large Enterprises
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Cloud Infrastructure Services Market, By End-user Vertical
11.1. Cloud Infrastructure Services Market, by End-user Vertical, 2023-2032
11.1.1. BFSI
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. IT & Telecommunications
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Retail
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Healthcare & Life Sciences
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Government
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.6. Other End-user Verticals (Energy & Utilities, Media & Entertainment)
11.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Cloud Infrastructure Services Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.1.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.1.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.1.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.1.6.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.2.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.2.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.2.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.2.6.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.2.7.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.2.8.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.3.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.3.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.3.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.3.6.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.3.7.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.3.8.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.4.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.4.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.4.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.4.6.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.4.7.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.4.8.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.5.5.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Deployment Model (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Organization Size (2020-2032)
12.5.6.4. Market Revenue and Forecast, by End-user Vertical (2020-2032)
Chapter 13. Company Profiles
13.1. Amazon Web Services (AWS)
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Microsoft Azure
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Google Cloud Platform (GCP)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. IBM Cloud
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Oracle Cloud
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Alibaba Cloud
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. VMware Cloud
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Cisco Systems
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Dell Technologies
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Hewlett Packard Enterprise (HPE)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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