March 2, 2024

Cloud Infrastructure Market Size Will be USD 653.88 Bn By 2032

The global cloud infrastructure market size reached USD 233.91 billion in 2023 and is expected to grow around USD 653.88 billion by 2032 with a significant  CAGR of 12.10% from 2023 to 2032.

Cloud Infrastructure Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 42% of revenue share in 2022.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By type, the hardware segment has held the largest market share of 56% in 2022.
  • By type, the services segment is anticipated to grow at a remarkable CAGR of 13.4% between 2023 and 2032.
  • By end use, the  IT & telecom segment generated over 28% of revenue share in 2022.
  • By end use, the healthcare segment is expected to expand at the fastest CAGR over the projected period.

The Cloud Infrastructure market is a dynamic and rapidly evolving sector within the broader IT industry. It encompasses a comprehensive array of services and resources provided through the cloud to support various computing needs, such as storage, processing power, and networking. As organizations increasingly shift towards digital transformation, the demand for scalable, flexible, and cost-effective cloud infrastructure solutions continues to soar.

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Growth Factors:

The growth of the Cloud Infrastructure market is propelled by several key factors. Firstly, the escalating adoption of cloud computing across diverse industries drives the demand for robust and efficient infrastructure. Additionally, the proliferation of data-intensive technologies, like artificial intelligence, machine learning, and the Internet of Things (IoT), further fuels the need for scalable cloud resources. Furthermore, the COVID-19 pandemic has accelerated the digitalization of businesses, intensifying the reliance on cloud infrastructure for remote work, collaboration, and data storage.

Cloud Infrastructure Market Scope

Report CoverageDetails
Growth Rate from 2023 to 2032CAGR of 12.10%
Market Size in 2023USD 233.91 Billion
Market Size by 2032USD 653.88 Billion
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Type and By End-use
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Electrophoresis Market Size To Attain USD 3.94 Billion By 2032

Cloud Infrastructure Market Dynamics

Drivers:

Several drivers contribute to the expansion of the Cloud Infrastructure market. The cost-effectiveness of cloud solutions, allowing organizations to pay for resources as needed, promotes widespread adoption. Enhanced flexibility, scalability, and the ability to rapidly deploy and update applications are additional driving factors. Moreover, the growing awareness of the environmental benefits of cloud infrastructure, such as reduced energy consumption and carbon footprint, incentivizes organizations to choose cloud services over traditional on-premises infrastructure.

Opportunities:

Amidst the dynamic landscape of the Cloud Infrastructure market, numerous opportunities emerge. The increasing focus on hybrid and multi-cloud strategies offers a fertile ground for service providers to offer integrated solutions. Moreover, the rising demand for edge computing, driven by the need for low-latency and high-performance applications, presents a significant opportunity for cloud infrastructure providers to expand their offerings. Strategic partnerships, innovative service models, and the continuous development of advanced technologies open avenues for sustained growth.

Challenges:

Despite the positive trajectory, the Cloud Infrastructure market faces challenges that warrant careful consideration. Security concerns, including data breaches and compliance issues, remain paramount as organizations entrust sensitive information to third-party cloud providers. Additionally, managing the complexity of diverse cloud environments, interoperability challenges, and ensuring regulatory compliance pose hurdles for both providers and adopters. Addressing these challenges requires a holistic approach encompassing technological advancements and robust governance frameworks.

Regional Insights:

The Cloud Infrastructure market exhibits regional variations influenced by factors such as regulatory landscapes, technological adoption rates, and economic conditions. North America remains a dominant player, driven by early cloud adoption and a robust technological ecosystem. In Europe, stringent data protection regulations influence market dynamics, while the Asia-Pacific region experiences rapid growth, fueled by increasing digitization efforts in emerging economies. Each region presents unique opportunities and challenges, shaping the overall global landscape of the Cloud Infrastructure market.

Recent Developments

  • In April 2023, Alibaba Cloud introduced cost-effective alternatives for its Elastic Compute Service (ECS) and Object Storage Service (OSS), aligning with the escalating demand for cloud services. The newly unveiled ECS Universal ensures comparable stability to ECS while offering up to a 40% reduction in costs. Tailored for applications like web hosting, enterprise office tools, and offline data analysis, ECS Universal addresses diverse computing needs. Additionally, Alibaba Cloud introduced the OSS Reserved Capacity (OSS-RC), enabling customers to reserve storage capacity in a specific cloud region for a year, resulting in potential savings of up to 50%.
  • In November 2022, Amazon Web Services (AWS) inaugurated India’s Second Infrastructure Region, enhancing options for Indian customers in workload execution, resilience, and data storage. This expansion aims to provide heightened resilience, secure data storage, and lower latency for end-users. AWS’s investment of over USD 4.4 billion in the new AWS Asia Pacific (Hyderabad) region by 2030 is expected to generate more than 48,000 full-time employment opportunities annually, contributing significantly to India’s economic landscape.

Cloud Infrastructure Market Companies

  • Amazon Web Services (AWS)
  • Microsoft Azure
  • Google Cloud Platform (GCP)
  • IBM Cloud
  • Alibaba Cloud
  • Oracle Cloud
  • VMware
  • Cisco Systems
  • Hewlett Packard Enterprise (HPE)
  • Dell Technologies
  • Red Hat
  • Salesforce
  • SAP
  • Intel Corporation
  • NetApp

Segments Covered in the Report

By Type

  • Hardware
  • Services

By End-use

  • IT & Telecom
  • BFSI
  • Retail & Consumer Goods
  • Manufacturing
  • Healthcare
  • 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 Market 

5.1. COVID-19 Landscape: Cloud Infrastructure 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 Market, By Type

8.1. Cloud Infrastructure Market, by Type, 2023-2032

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Services

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Cloud Infrastructure Market, By End-use

9.1. Cloud Infrastructure Market, by End-use, 2023-2032

9.1.1. IT & Telecom

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. BFSI

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Retail & Consumer Goods

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Manufacturing

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Healthcare

9.1.5.1. Market Revenue and Forecast (2020-2032)

9.1.6. Media & Entertainment

9.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Cloud Infrastructure Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.2. Market Revenue and Forecast, by End-use (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.4.2. Market Revenue and Forecast, by End-use (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.2. Market Revenue and Forecast, by End-use (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.4.2. Market Revenue and Forecast, by End-use (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.5.2. Market Revenue and Forecast, by End-use (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.6.2. Market Revenue and Forecast, by End-use (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.4.2. Market Revenue and Forecast, by End-use (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.5.2. Market Revenue and Forecast, by End-use (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.6.2. Market Revenue and Forecast, by End-use (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.2. Market Revenue and Forecast, by End-use (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.4.2. Market Revenue and Forecast, by End-use (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.5.2. Market Revenue and Forecast, by End-use (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.6.2. Market Revenue and Forecast, by End-use (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.2. Market Revenue and Forecast, by End-use (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.3.2. Market Revenue and Forecast, by End-use (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.4.2. Market Revenue and Forecast, by End-use (2020-2032)

Chapter 11. Company Profiles

11.1. Amazon Web Services (AWS)

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Microsoft Azure

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Google Cloud Platform (GCP)

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. IBM Cloud

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Alibaba Cloud

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Oracle Cloud

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. VMware

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Cisco Systems

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Hewlett Packard Enterprise (HPE)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Dell Technologies

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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