Cloud Infrastructure Services Market Report Scope & Overview:

Cloud Infrastructure Services Market size was valued at USD 72.67 Bn in 2023 and is expected to reach USD 122.30 Bn by 2031, and grow at a CAGR of 6.72 % over the forecast period 2024-2031.

The Major drivers for the cloud infrastructure services market include cost-effectiveness, scalability, flexibility, and security, leading to accelerated Time-to-Market (TTM) and rapid application development. The growing need to reduce operational costs and IT infrastructure maintenance also drives organizations to adopt cloud services. the increase in global data volumes and the adoption of cloud technologies for improved security of data, integrity, and service delivery drives the market growth.

Cloud Infrastructure Services Market Revenue Analysis

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The virtualization of infrastructure across a network or the internet is known as cloud infrastructure. Software as a service, platform as a service, infrastructure as a service, cloud business process as a service, content delivery network /application delivery network, and colocation hosting are examples of delivery methods used by cloud infrastructure. The Cloud Infrastructure Service Market benefits from urbanization and digitalization, the mainstreaming of edge computing, and increased investment.

Market Dynamics


  • Cloud infrastructure services offer cost savings through pay-as-you-go models, eliminating the need for upfront hardware investments.

  • Cloud services allow businesses to scale their infrastructure up or down based on demand, offering flexibility and agility.

  • Cloud infrastructure enables businesses to reach global markets without the need for physical infrastructure in every location.

  • Cloud providers often offer advanced technologies such as AI, machine learning, and big data analytics, enhancing overall system performance.

  • Cloud services provide robust disaster recovery solutions, ensuring business continuity in case of unexpected events.

Cloud infrastructure services function on a pay-as-you-go basis, meaning businesses are charged solely for the resources utilized, eliminating the necessity of upfront hardware investments. This method drastically cuts down initial capital costs and grants companies the ability to adjust resource allocation as required. The absence of physical hardware purchases and maintenance further drives cost savings and enhances resource allocation efficiency. Moreover, the pay-as-you-go model offers increased flexibility and adaptability to evolving business needs, avoiding rigid infrastructure commitments. In essence, it fosters a more economical and efficient approach to IT infrastructure management.


  • Data breaches and cyber threats remain a major concern for businesses considering cloud adoption.

  • Organizations may become overly dependent on cloud providers, leading to potential vendor lock-in and limited control over infrastructure.

  • Meeting regulatory and compliance requirements, especially in highly regulated industries, can be challenging in a cloud environment.

  • Dependence on internet connectivity and shared resources in a cloud environment can lead to performance variability issues.


  • The adoption of hybrid cloud solutions presents opportunities for businesses to leverage the benefits of both public and private cloud infrastructures.

  • Cloud providers can develop industry-specific solutions tailored to the needs of sectors such as healthcare, finance, and retail.

  • The growth of IoT devices and edge computing creates opportunities for cloud providers to offer edge-based infrastructure services.

  • Integrating AI and automation into cloud infrastructure services can improve efficiency, security, and cost-effectiveness.


  • There is a shortage of skilled professionals with expertise in cloud technologies, leading to challenges in implementation and management.

  • Migrating legacy systems and applications to the cloud can be complex, requiring careful planning and execution.

  • Avoiding vendor lock-in and maintaining flexibility to switch between cloud providers without significant disruptions is a challenge for businesses.

Impact of Russia-Ukraine War:

The Russia-Ukraine war has led to increased concerns about cybersecurity and data sovereignty, prompting businesses to reassess their reliance on cloud infrastructure services. Supply chain disruptions, particularly in semiconductor manufacturing, may affect the availability and pricing of cloud hardware. Geopolitical tensions could also impact data center locations and data transfer regulations, potentially causing disruptions in service delivery and compliance requirements. Overall, the uncertainty and instability resulting from the conflict may lead to cautious investment decisions and strategic reevaluations within the cloud infrastructure services market.

Impact of Economic Downturn:

During an economic downturn, businesses often prioritize cost-cutting measures, leading to increased adoption of cloud infrastructure services due to their cost-effective nature. Companies seek to reduce capital expenditures by leveraging pay-as-you-go models and outsourcing IT infrastructure management to cloud providers. The downturn also drives demand for scalable solutions as businesses aim to efficiently manage fluctuating workloads without heavy upfront investments. However, the downturn may also result in delayed or reduced IT spending overall, impacting the pace of cloud adoption and expansion in some sectors. Overall, the cloud infrastructure services market experiences mixed effects during economic downturns, balancing increased demand for cost savings with potential constraints on overall IT budgets.

Market segmentation

By Service

  • Compute Service

  • Storage Service

  • Disaster Recovery and Backup Service

  • Networking Service

  • Desktop Service

  • Managed Hosting

On the basis of services market is divided into computing, storage, disaster recovery, networking, desktop, and managed hosting services. Organizations of all sizes and industries are adopting these services to boost efficiency, reduce server space costs, and ensure data accessibility. The disaster recovery and backup services are projected to have the highest growth rate during forecast period while, the storage services held the largest market share more than 28%. Cloud infrastructure services have become integral to business operations due to their user-friendly nature, cost-effectiveness, and adaptability.

By Deployment model

  • Public Cloud

  • Private Cloud

  • Hybrid Cloud

On the basis of Deployment model the public cloud segment is dominates the market with holding revenue share of more than 39% projected to maintain the largest market share. Among deployment models, the public cloud is noted for its simplicity, easy deployment, and minimal initial investment. Users benefit from scalability, reliability, flexibility, utility-style costing, and location-independent services, without the burden of infrastructure management responsibilities.


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By Organization size

  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises           

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)

  • IT and Telecommunications

  • Government and Public Sector

  • Retail and Consumer Goods

  • Manufacturing

  • Energy and Utilities

  • Media and Entertainment

  • Healthcare and Life Sciences

  • Others

Regional Analysis

North America dominates the global cloud infrastructure services market, with holding Revenue share of more than 38%, driven by increasing widespread adoption of cloud-based IT services and substantial investments in IT infrastructure research and development. The U.S. dominates this industry, benefiting from key vendors' presence and a growing adoption rate of cloud services to cut data center costs and increase business continuity. Major players such as Google, Amazon, and Microsoft further Helps to drive market growth. The Asia Pacific (APAC) region is growing with a significant growth Rate with the highest expected compound annual growth rate (CAGR). The region's focus on rapid, cost-effective service delivery and security in cloud operations is Drive the global cloud infrastructure services market forward.



North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are AWS, Microsoft, Google, IBMAlibaba, Rackspace, Oracle, Fujitsu, Digitalocean, Vmware & Other Players and other key players mentioned in the final report.


Digitalocean -Company Financial Analysis

Company Landscape Analysis

Recent Development:

  • In June 2022, VMware, Inc. unveiled the introduction of VMware vSAN+ and VMware vSphere+ to assist organizations in seamlessly integrating the advantages of cloud computing into their current on-premises infrastructure without causing disruptions to their workloads or hosts.

  • In October 2021, Expedient, a leading provider of cloud computing solutions and data center infrastructure, revealed the opening of a state-of-the-art data center in Milwaukee, United States. This strategic move is aimed at enhancing the company's ability to meet the growing demand for its cutting-edge cloud-based Infrastructure as a Service (IaaS) offerings in the central United States.

  • In October 2021, Alkira Inc., a pioneering company specializing in hybrid/multi-cloud networking solutions, made an exciting announcement regarding a new partnership with Amazon Web Services (AWS). This collaboration is expected to accelerate the adoption of Alkira Cloud Services Exchange (CSX) among customers, providing them with enhanced network services, visibility, and governance.

Cloud Infrastructure Services Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 72.67 Bn
Market Size by 2030  US$ 122.30 Bn
CAGR   CAGR of 6.72 % From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Service (Compute Service, Storage Service, Disaster Recovery and Backup Service, Networking Service, Desktop Service, Managed Hosting)
• by Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)
• by Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises)
• by Industry Vertical (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles AWS, Microsoft, Google, IBM, Alibaba, Rackspace, Oracle, Fujitsu, Digitalocean, and Vmware.
Key Drivers • Cloud infrastructure services offer cost savings through pay-as-you-go models, eliminating the need for upfront hardware investments.
• Cloud services allow businesses to scale their infrastructure up or down based on demand, offering flexibility and agility.
Market Challenges • There is a shortage of skilled professionals with expertise in cloud technologies, leading to challenges in implementation and management.
• Migrating legacy systems and applications to the cloud can be complex, requiring careful planning and execution.


Frequently Asked Questions

Ans. The Compound Annual Growth rate for the Cloud Infrastructure Services Market over the forecast period is 7.62 %.

Ans. The projected market size for the Cloud Infrastructure Services Market is USD 122.30 Bn by 2031. 

Ans: The Public cloud Deployment segments dominated the Cloud Infrastructure Services Market with the highest revenue share. 

Ans: Yes, you can ask for the customization as per your business requirement.


  • Cloud infrastructure services offer cost savings through pay-as-you-go models, eliminating the need for upfront hardware investments.
  • Cloud services allow businesses to scale their infrastructure up or down based on demand, offering flexibility and agility.
  • Cloud infrastructure enables businesses to reach global markets without the need for physical infrastructure in every location.


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.9 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Cloud Infrastructure Services Market, By Service

9.1 Introduction

9.2 Trend Analysis

9.3 Compute Service

9.4 Storage Service

9.5 Disaster Recovery and Backup Service

9.6 Networking Service

9.7 Desktop Service

9.8 Managed Hosting

10. Cloud Infrastructure Services Market, By Deployment model

10.1 Introduction

10.2 Trend Analysis

10.3 Public Cloud

10.4 Private Cloud

10.5 Hybrid Cloud

11. Cloud Infrastructure Services Market, By Organization size

11.1 Introduction

11.2 Trend Analysis

11.3 Small and Medium-sized Enterprises (SMEs)

11.4 Large Enterprises           

12. Cloud Infrastructure Services Market, By Vertical

12.1 Introduction

12.2 Trend Analysis

12.3 Banking, Financial Services, and Insurance (BFSI)

12,4 IT and Telecommunications

12.5 Government and Public Sector

12.6 Retail and Consumer Goods

12.7 Manufacturing

12.8 Energy and Utilities

12.9 Media and Entertainment

12.10 Healthcare and Life Sciences

12.11 Others

13. Regional Analysis

13.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe

14.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe

14.4 Asia-Pacific

14.4.1 China

14.4.2 India

14.4.3 Japan

14.4.4 South Korea

14.4.5 Vietnam

14.4.6 Singapore

14.4.7 Australia

14.4.8 Rest of Asia Pacific

14.5 The Middle East & Africa

14.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East

14.5.2 Africa Nigeria South Africa Rest of Africa

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Colombia

14.6.4 Rest of Latin America

15. Company Profiles

15.1 AWS

15.1.1 Company Overview

15.1.2 Financials

15.1.3 Products/ Services Offered

15.1.4 SWOT Analysis

15.1.5 The SNS View

15.2 Microsoft

15.2.1 Company Overview

15.2.2 Financials

15.2.3 Products/ Services Offered

15.2.4 SWOT Analysis

15.2.5 The SNS View

15.3 Google

15.3.1 Company Overview

15.3.2 Financials

15.3.3 Products/ Services Offered

15.3.4 SWOT Analysis

15.3.5 The SNS View

15.4 IBM

15.4 Company Overview

15.4.2 Financials

15.4.3 Products/ Services Offered

15.4.4 SWOT Analysis

15.4.5 The SNS View

15.5 Alibaba

15.5.1 Company Overview

15.5.2 Financials

15.5.3 Products/ Services Offered

15.5.4 SWOT Analysis

15.5.5 The SNS View

15.6 Rackspace

15.6.1 Company Overview

15.6.2 Financials

15.6.3 Products/ Services Offered

15.6.4 SWOT Analysis

15.6.5 The SNS View

15.7 Oracle

15.7.1 Company Overview

15.7.2 Financials

15.7.3 Products/ Services Offered

15.7.4 SWOT Analysis

15.7.5 The SNS View

15.8 Fujitsu

15.8.1 Company Overview

15.8.2 Financials

15.8.3 Products/ Services Offered

15.8.4 SWOT Analysis

15.8.5 The SNS View

15.9 Digitalocean

15.9.1 Company Overview

15.9.2 Financials

15.9.3 Products/ Services Offered

15.9.4 SWOT Analysis

15.9.5 The SNS View

15.10 Vmware

15.10.1 Company Overview

15.10.2 Financials

15.10.3 Products/ Services Offered

15.10.4 SWOT Analysis

15.10.5 The SNS View

16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share Analysis

16.3 Recent Developments

16.3.1 Industry News

16.3.2 Company News

16.3.3 Mergers & Acquisitions

17. USE Cases and Best Practices

18. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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