Infrastructure As A Service Providers Statistics 2024


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As the digital economy accelerates, understanding the landscape of Infrastructure as a Service (IaaS) providers has become imperative for businesses aspiring to maintain a competitive edge. In 2024, the role of IaaS is more critical than ever, offering scalable solutions that support everything from data storage to enterprise applications. These statistics shed light on the dynamics of the IaaS market, unveiling trends, market leaders, and emerging opportunities that can reshape strategies and operations across industries.

Key stakeholders, including IT managers, cloud architects, investors, and business strategists, will find immense value in these insights. For IT leaders and cloud architects, staying abreast of IaaS trends ensures that they can leverage the latest technologies to optimize infrastructure and drive innovation. Investors and business strategists can harness this data to make informed decisions, identify growth areas, and mitigate risks in an increasingly cloud-dependent environment.

As we delve into the intricate data on IaaS providers for 2024, it becomes clear that these statistics are more than just numbers—they are a roadmap for future-proofing your business. By examining these trends, stakeholders can craft data-driven strategies that not only align with current technological advancements but also anticipate the shifts of tomorrow’s digital landscape.

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Top Infrastructure As A Service Providers Statistics 2024

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Investment Trends And Market Growth

  • The global cloud computing market will surpass $1 trillion by 2028 and $1.6 trillion by 2030 [?].
  • The IaaS market size is projected to increase from $52.22 billion in 2022 to $558.86 billion by 2032, growing at a CAGR of 26.8% [21].
  • The global infrastructure as a service (IaaS) market was valued at $130.08 billion in 2023 and is projected to reach $738.11 billion by 2032, exhibiting a CAGR of 21.4% [23].
  • In 2023, global cloud services market size was valued at USD 394.53 billion and is expected to reach USD 1,571.63 billion by 2032, growing at a CAGR of 16.6% [19].
  • By 2025, the global cloud services market, spearheaded by IaaS, is projected to surpass $482 billion, as per Gartner [4].
  • The global cloud services market size was valued at $551.8 billion in 2021, projected to reach $2.5 trillion by 2031, growing at a CAGR of 16.6% [13].
  • In 2023, Gartner estimates global end-user spending on public clouds will reach over $599 billion, up from $421 billion in 2021 and nearly $500 billion in 2022 [2].
  • The global cloud computing market size was estimated at USD 602.31 billion in 2023 and is expected to grow at a CAGR of 21.2% from 2024 to 2030 [14].

Market Share And Key Players

  • Amazon Web Services (AWS) dominates with a 34% market share [2].
  • AWS had the largest market share of cloud infrastructure services at 33% in Q1 2022 [15].
  • Microsoft Azure holds 23% of the market [5].
  • Google Cloud holds 10% of the market [2].
  • AWS, Microsoft, and Google collectively hold 66% of the market [2].
  • Alibaba Cloud is in the top three with a 9.5% market share [5].
  • The top 8 cloud infrastructure providers control over 80% of the market [8].

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Adoption And Usage

  • 94% of all companies worldwide use cloud computing in their operations [6].
  • 97% of IT leaders plan to expand their cloud systems [6].
  • 80% of enterprises surveyed spend at least $1.2 million on cloud services each year [11].
  • 31% of enterprises spend over $12 million per year on public cloud [8].
  • 89% of businesses report using multi-cloud solutions, with just 9% using a single public cloud [15].
  • 82% of organizations are finding cloud spending their main challenge, ahead of security (79%) and lack of resources or expertise (78%) [15].

Financial Impact And Cost Optimization

  • Accenture found that moving workloads to the public cloud led to Total Cost of Ownership (TCO) savings of 30-40% [2].
  • Cloud spending increased 34% YoY to reach nearly $53 billion [15].
  • IDC Ranks BMC Software in the Top 5 for Cloud System and Service Management Software 2018 Market… [3].
  • Organizations can reduce their Total Cost of Ownership (TCO) by as much as 40% by migrating their business to the public cloud [2].
  • Cloud migration means that 60% of businesses report simpler IT management and operations [1].
  • AWS announced a reduction in AWS Marketplace listing fees for SaaS and data offerings from 13% to 3% in December 2023 [16].

Cloud Security

  • According to IBM, organizations with persistently high environmental, social, and governance (ESG) scores enjoyed 4.7x larger operating margins versus low ESG performers between 2013 and 2019 [2].
  • 73% of cloud decision-makers view digital transformation as more than a simple lift-and-shift exercise where systems are moved from data centers to the cloud [24].
  • In 2022, the number of people affected by data breaches where 422.1 million [1].
  • Misconfigured cloud was the reason for 23% of cloud security incidents [1].
  • Over 40% of organizations have benefitted from deploying cloud computing in their operations [6].
  • According to Gartner, 85% of companies worldwide will embrace the cloud-first principle in 2025 [6].

Geographic Trends

  • North America contributed 41% of revenues from the global cloud computing market in 2022 [18].
  • The APAC market is anticipated to grow more than quadruple, from $51.2 billion in 2021 to $165.2 billion in 2026 [1].
  • The European cloud industry has developed rapidly and is now more than five times bigger than in 2017 [1].
  • China’s cloud service market share is expected to reach a valuation of $54 billion in 2023, compared to $34 billion in 2022 [9].
  • In 2023, the global cloud computing market in Europe was worth $63 billion [15].

Technological Advancements

  • The global cloud computing market grew from $24.63 billion in 2010 to $156.4 billion in 2020 [2].
  • AI and machine learning are expected to drive cloud market growth, with cloud-based AI services projected to reach $154 billion by the end of 2023 [12].
  • The cloud infrastructure market exceeded $129 billion in 2020 [18].
  • Google Cloud nearly doubled its market share between 2017-2022, from 6% to 11% [15].

Challenges And Future Outlook

  • A report by IDC indicates that organizations expect to gain significant benefits within 1-3 years of implementing cloud computing best practices [2].
  • 66% of companies claim that idle or underused resources are the primary cause of avoidable cloud spend [1].
  • The public cloud market, which includes cloud infrastructure services like Amazon, Microsoft, and Google, is set to bring in $1.6 trillion in revenue by 2030 [17].
  • The remote desktop market is expected to exceed $4 billion by 2024 [2].
  • By 2027, the three biggest spenders on public cloud services—banking, software and information services, and telecommunications—will be responsible for a combined $326 billion in spending [20].

Environmental Impact

  • Cloud computing comprised over 50% of Chief Technology Officer (CTO) budgets in 2023 [10].
  • Cloud computing can reduce carbon emissions by 84% (Source: Accenture) [2].
  • By moving to Infrastructure-as-a-Service (IaaS), eco-friendly brands can reduce carbon emissions by up to 84% and energy consumption by up to 64% [2].
  • Amazon has pledged to achieve zero emissions by 2040, and Microsoft aims to beat this by ten years [22].

Industry-specific Insights

  • The healthcare cloud computing market is expected to grow to $201 billion [18].
  • Hybrid cloud is the top choice for the insurance industry, with 73% adoption [6].
  • The Deloitte survey included 400 commercial real estate professionals who were asked what technologies they planned to invest in [2].
  • In manufacturing, smart robots will drive factory automation, presenting a $2.13 billion opportunity by 2027 [2].
  • The cloud gaming market value is expected to grow from $3.24 billion in 2022 to $40.81 billion by 2029 [9].

Service Adoption And Trends

  • SaaS continues to dominate the cloud computing market, with a five-year CAGR of 33.7% [7].
  • Infrastructure as a Service (IaaS) revenues grew 29.7% in 2022 to reach $120.3 billion [15].
  • The public cloud market size reached $32.5 billion in 2022 and is expected to contribute over $200 billion to the global cloud computing market by 2024 [5].
  • The PaaS market segment is expected to grow to a valuation of $113 billion in 2023 compared to $83 billion in 2022 [9].

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Sources

  1. Unknown URL – Unknown URL
  2. cloudzero – https://www.cloudzero.com/blog/cloud-computing-statistics/
  3. bmc – https://www.bmc.com/blogs/saas-vs-paas-vs-iaas-whats-the-difference-and-how-to-choose/
  4. divergeit – https://www.divergeit.com/blog/iaas-management-tools-for-businesses
  5. hava – https://www.hava.io/blog/2024-cloud-market-share-analysis-decoding-industry-leaders-and-trends
  6. edgedelta – https://edgedelta.com/company/blog/how-many-companies-use-cloud-computing-in-2024
  7. llcbuddy – https://llcbuddy.com/data/infrastructure-as-a-service-iaas-providers-statistics/
  8. explodingtopics – https://explodingtopics.com/blog/cloud-computing-stats
  9. brightlio – https://brightlio.com/cloud-computing-facts/
  10. webfx – https://www.webfx.com/industries/tech/cloud-computing/statistics/
  11. parachute – https://parachute.cloud/cloud-computing-statistics/
  12. cloudwards – https://www.cloudwards.net/cloud-computing-statistics/
  13. alliedmarketresearch – https://www.alliedmarketresearch.com/cloud-services-market
  14. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/cloud-computing-industry
  15. aag-it – https://aag-it.com/the-latest-cloud-computing-statistics/
  16. canalys – https://www.canalys.com/newsroom/worldwide-cloud-q4-2023
  17. alpha-sense – https://www.alpha-sense.com/blog/trends/cloud-computing-market-trends/
  18. cloudzero – https://www.cloudzero.com/blog/cloud-computing-market-size/
  19. straitsresearch – https://straitsresearch.com/report/cloud-services-market
  20. spacelift – https://spacelift.io/blog/cloud-computing-statistics
  21. precedenceresearch – https://www.precedenceresearch.com/infrastructure-as-a-service-market
  22. forbes – https://www.forbes.com/sites/bernardmarr/2023/10/09/the-10-biggest-cloud-computing-trends-in-2024-everyone-must-be-ready-for-now/
  23. fortunebusinessinsights – https://www.fortunebusinessinsights.com/infrastructure-as-a-service-iaas-market-107351
  24. google – https://cloud.google.com/blog/transform/top-cloud-computing-trends-facts-statistics-2023

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