Global Public Cloud Infrastructure Market Analysis By service type (Compute as a Service (CaaS), Storage as a Service (SaaS), Database as a Service (DBaaS), Disaster Recovery as a Service (DRaaS), Networking as a Service (NaaS), Others), By deployment model (Public Cloud, Private Cloud, Hybrid Cloud), By organization size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By vertical (BFSI (Banking, Financial Services, and Insurance), IT and Telecommunications, Healthcare and Life Sciences, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Media and Entertainment, Others) & Forecast
- PUBLISHED ON
- 4/28/2023
- NO OF PAGES
- 270
- CATEGORY
- Information Communication & Technology
The global Public Cloud Infrastructure market was valued at approximately USD 96.5 billion in 2022 and is expected to reach USD 354.6 billion by 2032, growing at a CAGR of 18.3%.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 96.5 Billion |
Market Forecast in 2032 | USD 354.6 Billion |
CAGR % 2023-2031 | 18.3% |
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 Service Type, By Deployment Model, By Organization Size, By Verticle |
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, Microsoft Azure, Google Cloud Platform, IBM Cloud, Oracle Cloud, Alibaba Cloud, VMware, Rackspace, Salesforce, DigitalOcean, OVHcloud, CenturyLink |
Driver: Growing adoption of cloud computing among organizations is propelling Public Cloud Infrastructure Market growth.
One of the major driving factors for the public cloud infrastructure market is the increasing adoption of cloud computing among organizations of all sizes. The growing demand for cost-effective and scalable IT solutions is driving businesses to move their operations to the cloud. This is because cloud infrastructure offers numerous advantages, such as reduced IT infrastructure costs, increased agility, and improved collaboration and productivity. Additionally, with the ongoing trend towards remote work, the need for cloud-based solutions has further increased. Cloud infrastructure providers are constantly developing new technologies and services to meet the evolving needs of their customers, which is further fueling the growth of the public cloud infrastructure market.
Segmentation:
By service type, the market can be segmented into:
• Compute as a Service (CaaS)
• Storage as a Service (SaaS)
• Database as a Service (DBaaS)
• Disaster Recovery as a Service (DRaaS)
• Networking as a Service (NaaS)
• Others
By deployment model, the market can be segmented into:
• Public Cloud
• Private Cloud
• Hybrid Cloud
By organization size, the market can be segmented into:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
By vertical, the market can be segmented into:
• BFSI (Banking, Financial Services, and Insurance)
• IT and Telecommunications
• Healthcare and Life Sciences
• Government and Public Sector
• Retail and Consumer Goods
• Manufacturing
• Media and Entertainment
• Others
Geographical Analysis:
North America: North America is one of the leading regions in the public cloud infrastructure market due to the presence of major cloud service providers such as Amazon Web Services, Microsoft, and Google. Additionally, the increasing adoption of cloud-based services by various industries and the rapid growth of big data and analytics are driving the market in this region.
Europe: Europe is also a significant market for public cloud infrastructure due to the increasing adoption of cloud-based services by small and medium-sized businesses (SMBs) and the need for cost-effective IT infrastructure solutions. The region is also witnessing significant growth in the healthcare and e-commerce sectors, which is further driving the market.
Asia Pacific: The Asia Pacific region is witnessing significant growth in the public cloud infrastructure market due to the increasing adoption of cloud-based services by various industries such as BFSI, healthcare, and IT. Additionally, the growing trend of digital transformation and the increasing demand for cost-effective IT infrastructure solutions are further driving the market in this region.
Latin America: The public cloud infrastructure market in Latin America is witnessing significant growth due to the increasing adoption of cloud-based services by SMBs and the need for cost-effective IT infrastructure solutions. The region is also witnessing significant growth in the e-commerce and retail sectors, which is further driving the market.
Middle East and Africa: The Middle East and Africa region is witnessing significant growth in the public cloud infrastructure market due to the increasing adoption of cloud-based services by various industries and the need for cost-effective IT infrastructure solutions. Additionally, the region is witnessing significant growth in the e-commerce and BFSI sectors, which is further driving the market.
Recent Development: Global Public Cloud Infrastructure Market
• In January 2020, Amazon Web Services (AWS) announced that it had achieved FedRAMP High authorization for 31 of its services in the AWS GovCloud (US) Region, making it easier for government agencies to use its cloud services for sensitive workloads.
• In July 2020, Microsoft announced that it would acquire Metaswitch Networks, a provider of virtualized network software and voice, data, and communications solutions for carriers, for an undisclosed amount. The acquisition was aimed at helping Microsoft expand its Azure cloud offering for telecoms carriers.
• In August 2020, Google Cloud announced that it had acquired data analytics company Looker for USD 2.6 billion. The acquisition was aimed at strengthening Google's analytics and business intelligence capabilities for customers using its cloud platform.
• In September 2020, Alibaba Cloud announced that it would invest $28 billion over the next three years to build out its cloud infrastructure, including data centers, servers, and semiconductors. The investment was aimed at expanding Alibaba's cloud offerings globally and competing with other major cloud providers like AWS and Microsoft Azure.
• In December 2020, IBM announced that it would spin off its managed infrastructure services unit into a separate publicly traded company to focus on its hybrid cloud and AI strategy. The move was aimed at helping IBM compete more effectively with major cloud providers like AWS, Microsoft, and Google.
Company Profiles:
• Amazon Web Services
• Microsoft Azure
• Google Cloud Platform
• IBM Cloud
• Oracle Cloud
• Alibaba Cloud
• VMware
• Rackspace
• Salesforce
• DigitalOcean
• OVHcloud
• CenturyLink
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 Public Cloud Infrastructure 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 Public Cloud Infrastructure Market.
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