Market Overview:
The market is projected to reach USD 137.64 billion by 2032, growing at a CAGR of 19.9% during the forecast period.

The global cloud infrastructure as a service (IaaS) market has been experiencing significant growth in recent years due to the rising adoption of cloud-based solutions by businesses. IaaS offers businesses the ability to access computing resources, such as storage, networking, and servers, on a pay-per-use basis, without the need for upfront capital investment. This has led to an increase in the adoption of IaaS by businesses looking to reduce IT costs, increase scalability and flexibility, and improve operational efficiency. The market is also being driven by the growing trend of digital transformation, which is seeing businesses move their operations to the cloud to take advantage of the benefits offered by cloud-based solutions. Additionally, the increased availability of high-speed internet and the proliferation of mobile devices are further driving the demand for cloud-based solutions. In addition to these factors, the IaaS market is also being driven by the emergence of new technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), which are all reliant on the cloud for their processing power.

Overall, the global IaaS market is expected to continue its growth trajectory in the coming years, with the adoption of cloud-based solutions set to become even more widespread as businesses look to stay competitive in an increasingly digital world.

Report Scope

Report Attributes	Description
Market Size in 2022	USD 50.24 Billion
Market Forecast in 2032	USD 137.64 Billion
CAGR % 2023-2031	19.9%
Base Year	2022
Historic Data	2019-2021
Forecast Period	2023-2031
Report USP	Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Segments Covered	By Deployment Type, By Organization Size, By End-user
Regional Scope	North America, Europe, APAC, South America and Middle East and Africa
Country Scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
Key Companies	Amazon Web Services (AWS), Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, Alibaba Group Holding Limited, VMware Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP, Dell Technologies Inc., DigitalOcean Holdings LLC, OVHcloud, Rackspace US Inc., CenturyLink Inc., Fujitsu Limited

Driver: Growing adoption of cloud-based services by enterprises is propelling Cloud Infrastructure as a Service (IaaS) Market growth.
One of the major driving factors for the Cloud Infrastructure as a Service (IaaS) market is the increasing adoption of cloud-based services by enterprises. With the growing need for scalability, flexibility, and cost efficiency, more and more businesses are transitioning to cloud-based infrastructure services to meet their computing needs. Cloud infrastructure services provide the necessary infrastructure and resources for running applications, storing data, and managing workloads, without the need for on-premises infrastructure. Moreover, the COVID-19 pandemic has further accelerated the adoption of cloud infrastructure services, as remote work and digital transformation have become essential for business continuity. As a result, enterprises are increasingly relying on cloud-based infrastructure services to support their remote workforce, facilitate collaboration, and ensure business continuity. This trend is expected to continue in the future, driving the growth of the Cloud Infrastructure as a Service (IaaS) market.

Segmentation:
By Deployment Models
• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises

By End-users
• BFSI (Banking, Financial Services, and Insurance)
• Manufacturing
• Healthcare
• Retail
• Government
• IT and Telecommunications
• Others

Geographical Analysis:
North America: North America is the largest market for cloud IaaS due to the presence of major players such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The region has a high adoption rate of cloud services due to the availability of advanced IT infrastructure and the presence of a large number of small and large enterprises. Europe: Europe is the second-largest market for cloud IaaS due to the presence of major players such as IBM, Oracle, and Fujitsu. The increasing demand for cloud services, rising adoption of mobile devices, and the growth of e-commerce are driving the market growth in this region. Asia Pacific: The Asia Pacific region is expected to witness significant growth in the cloud IaaS market due to the increasing demand for cloud services in emerging economies such as India and China. The rapid growth of the IT sector, digitalization of businesses, and increasing adoption of cloud-based solutions are driving the market growth in this region. Latin America: The cloud IaaS market in Latin America is expected to witness significant growth due to the increasing adoption of cloud-based solutions in the region. The region has a large number of small and medium-sized enterprises that are adopting cloud services to improve their business efficiency and reduce costs. Middle East & Africa: The cloud IaaS market in the Middle East & Africa is expected to witness significant growth due to the increasing adoption of cloud-based solutions by enterprises in the region. The increasing demand for cloud services, rising adoption of mobile devices, and the growth of e-commerce are driving the market growth in this region.
Recent Development: Global Cloud Infrastructure as a Service (IaaS) Market
• In September 2020, Amazon Web Services (AWS) announced the launch of a new feature, named AWS Nitro Enclaves, which provides additional security for sensitive data processing in the cloud.
• In July 2020, Microsoft announced a partnership with AT&T to expand 5G capabilities using Microsoft's cloud platform, Azure.
• In May 2020, Google Cloud announced the acquisition of CloudSimple, a provider of secure, high-performance, dedicated environments to run VMware workloads in the cloud.
• In March 2020, IBM announced its plan to acquire WDG Automation, a Brazil-based provider of RPA (Robotic Process Automation) software.
• In February 2020, Alibaba Cloud announced that it was expanding its services into Europe, with the opening of a new data center in Germany.

Company Profiles:
• Amazon Web Services (AWS)
• Microsoft Corporation
• Google LLC
• IBM Corporation
• Oracle Corporation
• Alibaba Group Holding Limited
• VMware Inc.
• Cisco Systems Inc.
• Hewlett Packard Enterprise Development LP
• Dell Technologies Inc.
• DigitalOcean Holdings LLC
• OVHcloud
• Rackspace US Inc.
• CenturyLink Inc.
• Fujitsu Limited

Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Cloud Infrastructure as a Service (IaaS) Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Infrastructure as a Service (IaaS) Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.