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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Sources: Statista Market Insights, Financial Statements of Key Players
The Infrastructure as a Service market in the Public Cloud Market in G7 nan is experiencing average growth, driven by factors such as increasing adoption of cloud technologies, growing demand for efficient IT infrastructure, and the convenience of on-demand services. This growth rate is impacted by factors such as the rise in digital transformation initiatives, the shift towards remote work, and the need for cost-effective solutions.
Customer preferences: As consumers continue to rely on digital solutions for their daily needs, the Infrastructure as a Service Market within the Public Cloud Market is witnessing a growing demand for cloud-based telecommuting services. This trend is driven by the need for remote work options, as well as the increasing adoption of online education and virtual events. Additionally, with a shift towards remote work, companies are also investing in secure and reliable cloud-based infrastructure to support their remote workforce.
Trends in the market: In the G7 countries, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of remote work and virtual collaboration tools. This trend is expected to continue in the coming years as organizations prioritize cost-efficiency and scalability. Additionally, there is a growing focus on data security and compliance, leading to the development of more robust and secure cloud infrastructure solutions. These trends have significant implications for industry stakeholders, as they highlight the need to adapt to a rapidly evolving market and invest in innovative solutions to stay competitive. Furthermore, the increasing reliance on cloud technology also presents opportunities for partnerships and collaborations between cloud service providers and other industries, such as healthcare and finance, to leverage the power of the cloud for their own digital transformations.
Local special circumstances: In Japan, the Infrastructure as a Service Market within the Public Cloud Market is experiencing rapid growth due to the country's advanced technological infrastructure and high adoption of digital services. However, strict regulations around data privacy and security have slowed down the market's expansion. In Germany, the market is driven by the country's strong focus on data protection and compliance, with many companies opting for local cloud providers to comply with strict data regulations.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Countries with strong economic growth and stable fiscal policies are witnessing a higher adoption of public cloud services, including Infrastructure as a Service. On the other hand, countries with economic instability and unfavorable fiscal policies are experiencing slower market growth. Moreover, the increasing demand for cost-effective and scalable IT solutions, along with the rising trend of digital transformation, is also driving the growth of the Infrastructure as a Service Market within the Public Cloud Market.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights