Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
IaaS accounted for over a quarter of the overall cloud computing market in 2023. Public cloud IaaS revenues are expected to rise significantly over the coming years, from around 115 billion U.S. dollars in 2022 to more than 180 billion U.S. dollars by 2024. However, the cloud infrastructure market share is expected to decrease in favor of the promising development of the PaaS market. Nonetheless, the largest segment in the overall cloud computing market is and will continue to be SaaS, with more than 247 billion U.S. dollars in annual revenue.
In the IaaS market, the largest companies by revenue are Amazon (Web Services), Microsoft (Azure), and Google (Compute Engine), as well as the Chinese multinational technology company Alibaba. Despite Amazon being the largest vendor of cloud infrastructure by some margin, its hold over the market may lessen as Google and Microsoft make headway, with surveys suggesting cloud services companies are fighting for a piece of the cloud IaaS market. The annual spending on cloud-based IT infrastructure is projected to grow by over 129 billion U.S. dollars by 2024. Original design manufacturers also play a significant role in the market, making up around one-third of the total market.
Detailed statistics
Cloud infrastructure services market spending worldwide 2016-2023
Detailed statistics
Global public IT cloud services revenue 2016-2023, by segment
Detailed statistics
Public cloud services growth worldwide 2022-2024, by segment
Public cloud services market size 2017-2024
Public cloud services end-user spending worldwide from 2017 to 2024 (in billion U.S. dollars)
Public cloud services end user spending worldwide 2021-2025, by segment
Public cloud services end user spending worldwide from 2021 to 2025, by segment (in million U.S. dollars)
Public cloud services growth worldwide 2022-2024, by segment
Public cloud services annual growth rate worldwide in 2022 to 2024, by segment
Public IT cloud services global market growth 2011-2025
Market growth forecast for public cloud services worldwide from 2011 to 2025
Share of enterprise infrastructure spending worldwide 2019-2028, by deployment type
Worldwide enterprise (IT) infrastructure buyer and cloud spending breakdown (by value) from 2019 to 2028, by deployment type
Global cloud IT infrastructure spending 2013-2026
Annual spending on cloud IT infrastructure worldwide from 2013 to 2026 (in billion U.S. dollars)
Cloud IT infrastructure revenue worldwide 2013-2024, by quarter
Vendor revenue from cloud information technology (IT) infrastructure worldwide from 2013 to 2024 (in billion U.S. dollars)
Global public cloud infrastructure as a service market size 2015-2025
Public cloud infrastructure as a service (IaaS) end-user spending worldwide from 2015 to 2025 (in billion U.S. dollars)
Cloud infrastructure services revenue worldwide 2018-2023, by quarter
Worldwide cloud infrastructure services quarterly revenue from 2018 to 2023 (in billion U.S. dollars)
Cloud infrastructure services market spending worldwide 2016-2023
Cloud infrastructure services spending worldwide from 1st quarter 2016 to 4th quarter 2023 (in billion U.S. dollars)
Spending on cloud and data centers 2009-2023, by segment
Enterprise spending on cloud and data centers by segment from 2009 to 2023 (in billion U.S. dollars)
Vendor revenue from the public cloud services IaaS market worldwide 2015-2023
Revenues from public cloud infrastructure as a service (IaaS) market worldwide from 2015 to 2023, by vendor (in million U.S. dollars)
Vendor share from the public cloud services IaaS market worldwide 2015-2023
Vendor share of the public cloud infrastructure as a service (IaaS) market worldwide from 2015 to 2023
Cloud infrastructure services market share quarterly worldwide 2017-2023, by vendor
Global quarterly market share of cloud infrastructure services from 2017 to 2023, by vendor
Public cloud platform usage and adoption worldwide 2024, by service provider
Current and planned usage of public cloud platform services running applications worldwide in 2024, by service provider
Infrastructure as a service (IaaS) software market share worldwide 2023, by vendor
Leading vendors' share in the infrastructure as a service (IaaS) software market worldwide in 2023
As-a-service market annual contract value worldwide 2015-2024, by quarter
As-a-service market (IaaS & SaaS) annual contract value (ACV) worldwide from 2015 to 2024, by quarter (in billion U.S. dollars)*
Global commercial as-a-service sector ACV worldwide 2020-2023, by type
Annual contract value (ACV) for the global commercial as-a-service sector from 2020 to 2023 (in billion U.S. dollars), by type
Worldwide enterprise cloud strategy 2021-2024
Enterprise cloud strategy worldwide from 2021 to 2024, by cloud type
Enterprise public cloud platform and infrastructure service usage worldwide 2017-2024
Current enterprise public cloud adoption worldwide from 2017 to 2024, by service
Enterprise cloud computing challenges 2019-2024
Challenges to enterprise cloud computing usage worldwide in 2019 to 2024
Global current and future IaaS provider choice 2020-2024, by provider
Current and future usage of IaaS (infrastructure as a service) provider from 2020 to 2024, by provider
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