How big is the Cloud Infrastructure Services Market?

The Cloud Infrastructure Services Market size is expected to reach USD 77.50 billion in 2024 and grow at a CAGR of 6.62% to reach USD 106.78 billion by 2029. Read More

What is the current Cloud Infrastructure Services Market size?

In 2024, the Cloud Infrastructure Services Market size is expected to reach USD 77.50 billion. Read More

Who are the key players in Cloud Infrastructure Services Market?

Amazon Web Services, Inc. , Google LLC, Microsoft Corporation, IBM Corporation and Oracle Corporation are the major companies operating in the Cloud Infrastructure Services Market. Read More

Which is the fastest growing region in Cloud Infrastructure Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Infrastructure Services Market?

In 2024, the North America accounts for the largest market share in Cloud Infrastructure Services Market. Read More

What years does this Cloud Infrastructure Services Market cover, and what was the market size in 2023?

In 2023, the Cloud Infrastructure Services Market size was estimated at USD 72.69 billion. The report covers the Cloud Infrastructure Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Infrastructure Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Infrastructure Services Market Trends

Statistics for the 2023 & 2024 Cloud Infrastructure Services market trends, created by Mordor Intelligence™ Industry Reports. Cloud Infrastructure Services trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Cloud Infrastructure Services Industry

This section covers the major market trends shaping the Cloud Infrastructure Services Market according to our research experts:

Public Cloud Holds a Dominant Market Share

The public cloud-based deployment model sees growing demand due to its cost-effectiveness and easy availability. The public cloud is based on the cloud computing model, which shares resources (such as CPU, servers, and racks) among several businesses depending on their demand.
Public cloud-based solutions need fewer physical setups and low maintenance and provide 24/7 accessibility from any time, anywhere. Due to various benefits of public clouds, such as scalability, reliability, flexibility, utility-style costing, and location independence services, public cloud-based deployments are expected to record a high growth rate.
Among the public cloud infrastructure service providers, Visual Capitalist states that AWS has over a million active users spread across 190 countries, supporting that AWS covers 41.5% of the entire public cloud market.
Market vendors are constantly enhancing their products and services to meet the rising demand for public cloud infrastructure. For instance, in June last year, Oracle Cloud Infrastructure (OCI) announced the launch of a new offering - OCI Dedicated Region - that would enable it to offer public cloud services to customers on its premises.

Cloud Infrastructure Services Market: Enterprise Public Cloud Platform and Infrastructure Service Usage, in Percentage, Global,2017-2022

Understand The Key Trends Shaping This Market

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North America to Drive the Cloud Infrastructure Services Market

At present, North America is commanding the global cloud infrastructure services market share due to an escalation in the adoption of cloud-based IT services and huge investments by organizations in IT infrastructure in the research and development of cloud infrastructure.
The U.S. dominates the cloud infrastructure services industry due to the attendance of principal vendors and the soaring adoption rate of cloud-based services to decrease costs for data centers and improve business continuity. The market growth is also connected to the presence of major technology players such as Google, Amazon, and Microsoft.
This area is also a principal center for technology start-ups. Favorable business conditions and supportive government policies have encouraged businesses to develop advanced cloud platforms. Moreover, prominent tech players' increasing venture capital in cloud technology has also driven market growth.
The availability of skilled labor and the keen focus of SMEs and large enterprises to enter and grow in North America are also primary driving factors for adopting cloud infrastructure services in the region.
The increasing adoption of advanced application development technologies and data volumes will also drive significant market growth during the forecast period. The public cloud is gaining massive approval in this region due to its low costs, on-demand availability, and improved security.