Infrastructure as a Service - Canada

Revenue in the Infrastructure as a Service market is projected to reach US$3.28bn in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.17%, resulting in a market volume of US$8.22bn by 2029.
In global comparison, most revenue will be generated United States (US$77.05bn in 2024).

Definition:

Infrastructure as a Service (IaaS) refers to the type of public cloud service that provides virtualized computing resources. IaaS offers on-demand access to virtual machines, storage, and networking components, thus allowing users to build, deploy, and manage IT infrastructure without the need to invest in physical hardware. IaaS offers scalability, flexibility, and cost-efficiency by requiring users to pay only for the resources they consume. The IaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Amazon Web Services (AWS). AWS provides a wide range of virtual machines, storage, and networking resources that users can access on demand to build and manage their IT infrastructures.

Additional Information:

The Infrastructure as a Service (IaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the IaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Server capabilities, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Computing resources, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Storage resources, such as Amazon Elastic Block Store (EBS), Azure Blob Storage, and Google Cloud
Network capabilities, such as Google Cloud Interconnect and Alibaba Cloud Express Connect

Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite
Desktop-as-a-Service (DaaS), such as Amazon WorkSpaces, Microsoft Windows Virtual Desktop, VMware Horizon Cloud, and Citrix Virtual Apps and Desktops
Platform-as-a-Service (PaaS), such as Heroku, AWS Elastic Beanstalk, Google App Engine, Microsoft Azure App Service, and IBM Cloud Foundry
Software-as-a-Service (SaaS), such as Google Workspace, Microsoft 365, Salesforce, Zoom, and Slack
System infrastructure software, such as Microsoft Windows Server, Linux distributions, VMware for virtualization, and Cisco’s networking software
Private cloud services, such as IBM Cloud Private, Microsoft Azure Stack HCI, and VMware vCloud Suite

The Infrastructure as a Service market in Canada's public cloud sector is experiencing considerable growth, driven by factors such as the increasing adoption of digital technologies and the convenience of online services. This growth rate is largely impacted by the rising demand for efficient and cost-effective cloud solutions in the Canadian market.

Customer preferences: With the growing need for remote work and digital solutions, there has been a notable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud Market in Canada. This shift is being driven by the rise of online collaboration tools, virtual events, and remote work infrastructure. As consumers prioritize convenience and flexibility, IaaS offers a cost-effective solution for businesses to scale their operations and meet the evolving demands of the market. Additionally, the shift towards digital solutions is also influenced by the increasing adoption of cloud-based technologies in various industries, such as healthcare and education, as organizations seek to streamline their processes and improve efficiency.

Trends in the market: In Canada, the Infrastructure as a Service (IaaS) market within the Public Cloud Market is experiencing a significant growth in adoption, driven by the increasing demand for scalable and cost-effective cloud solutions. This trend is expected to continue as more organizations look to migrate their IT infrastructure to the cloud, allowing for greater flexibility and agility. This shift towards IaaS also presents opportunities for industry stakeholders, such as cloud service providers, to offer innovative solutions and expand their market share. However, it also poses challenges for traditional IT companies, who may need to adapt their business models to remain competitive in this evolving landscape. Additionally, the growing adoption of IaaS in Canada is also creating a demand for skilled professionals and specialized services, highlighting the need for investment in training and development programs to meet the industry's changing needs.

Local special circumstances: In Canada, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's vast geography and diverse cultural landscape. The need for reliable and secure cloud services is driven by the country's large and dispersed population, as well as its strong government regulations on data privacy and security. Additionally, the country's focus on sustainability and environmental responsibility has led to a growing demand for eco-friendly cloud solutions. These unique local factors contribute to the growth and development of the Infrastructure as a Service Market in Canada.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Canada is greatly influenced by macroeconomic factors, including technological advancements, government policies, and investment in digital infrastructure. Countries with advanced technological capabilities and strong government support are experiencing higher growth in this market compared to regions with limited technological capabilities and regulatory challenges. Additionally, the increasing adoption of cloud computing in various industries and the growing demand for cost-effective and scalable IT solutions are driving the growth of the Infrastructure as a Service Market in Canada. This trend is expected to continue as the country's economy remains stable and investments in digital infrastructure continue to increase.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.