Cloud Infrastructure Services Market Size Report, Industry Share, Analysis, Growth, 2032

Cloud Infrastructure Services Market Insights

According to Zion Market Research, the global Cloud Infrastructure Services Market was worth USD 19.87 Billion in 2023. The market is forecast to reach USD 61.62 Billion by 2032, growing at a compound annual growth rate (CAGR) of 13.4% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Cloud Infrastructure Services Market industry over the next decade.

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A virtual infrastructure which is accessed thru the internet or a network is referred to as cloud infrastructure. This basically refers the services on demand, in other words the delivery of the products or services being made via a model infrastructure as a service (IaaS), a delivery model of cloud computing.

The demand for the cloud infrastructure services is anticipated to witness growth in the forecast period. Owing to the availability of these services at a very low cost, and their scalability, flexibility and security are some of the factors driving market demand for the market. The surging pressure owing to uncertain economic and business conditions are forcing numerous companies to opt flexible IT solutions, thus shifting to OPEX model provided by cloud infrastructure services. This model saves time and money for the organization if properly implemented, thus driving lot of end users to opt it.

Moreover, the businesses and organization of all sizes are gradually opting for cloud infrastructure services to lower the cost of server space, enhance efficiency along with access of data anytime anywhere. Furthermore, the backup as a service is expected to witness growth in the coming years. Enterprises that lack enough funds and have fewer funds to allocate in different department heads are opting for cloud infrastructure services to maintain their storage hardware or infrastructure. The rising maintenance and infrastructure cost are propelling the demand for the market as it helps in lowering down capital and operational expenditure. The rising demand for pay-as-you-go model is rapidly gaining popularity amongst enterprises and organizations. This model helps enterprises in reducing their cost, as they will only be charged for what it was used.

Global Cloud Infrastructure Services Market: Segmentation

The cloud infrastructure services market is segmented on the basis of service, deployment, organization size and vertical. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By service segment analysis includes storage as a service, compute as a service, backup as a service, desktop as a service, networking as a service, managed hosting.

By deployment segment analysis includes public cloud, private cloud and hybrid cloud.

By organization size segment analysis includes SMEs and large enterprises.

By vertical segment analysis includes IT and telecommunications, BFSI, retail, energy, manufacturing, healthcare, media and entertainment and others.

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Cloud Infrastructure Services Market: Report Scope

On the basis of region is anticipated to grow at a significant rate over the projected period in cloud infrastructure services market. The rising call for low cost and fast services delivery processes along with full security during operating in cloud is anticipated to propel market demand in the forecast period.

Renowned cloud infrastructure services market players are IBM, Google, Oracle, Microsoft, AWS, Verizon, AT&T, VMware and Verizon among others.

The report segments cloud infrastructure services market as follows:

Global Cloud Infrastructure Services Market: Service Segment Analysis

• Storage as a Service
• Compute as a Service
• Backup as a Service
• Desktop as a Service
• Networking as a Service
• Managed Hosting

Global Cloud Infrastructure Services Market: Deployment Segment Analysis

• Public Cloud
• Private Cloud
• Hybrid Cloud

Global Cloud Infrastructure Services Market: Organization Size Segment Analysis

• SMEs
• Large Enterprises

Global Cloud Infrastructure Services Market: Vertical Segment Analysis

• IT and Telecommunications
• BFSI
• Retail
• Energy
• Manufacturing
• Healthcare
• Media and Entertainment
• Others

Global Cloud Infrastructure Services Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa