INDUSTRIES & MARKETS

Infrastructure as a Service:
market data & analysis
Market Insights report

December 2024
 STATISTA MARKET INSIGHTS

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 STATISTA MARKET INSIGHTS

Market Insights – market data,

forecasts, and qualitative insights
The Infrastructure as a Service market is part of the
Public Cloud market.

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Find out more on: sectors geographical markets reports
Go to Public Cloud market Public Cloud
entities

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 Table of Contents

Overview Appendix
Summary 6 Product Overview 21
Market Definition 7 Author 22
Key Takeaways 8
Market Scopes 9

Market Numbers
Market Revenue 11
Market Drivers 12
Revenue 13
Average Spend per Employee 16
Brand share 19

4
CHAPTER 1

Overview
 The IaaS market is rapidly growing due to demand for scalable, cost-effective cloud
solutions. Businesses adopt IaaS to enhance IT with minimal upfront costs.
Overview: Summary

Summary

The demand for scalable, cost-effective, and accessible cloud infrastructure is a demands, also impact IaaS adoption. For instance, regions with robust technology
significant driving force in the IaaS market. Customers favor IaaS solutions that sectors may prioritize advanced IaaS solutions to support innovation-driven
offer on-demand resource scaling, reduced capital expenditure, and streamlined industries.
operations.
Looking forward, the IaaS market is poised for continued growth, driven by
A key trend is the adoption of multi-cloud strategies, where organizations use emerging technologies like edge computing and the Internet of Things (IoT). These
multiple cloud providers to diversify services and optimize resources. This innovations will further expand IaaS applications, meeting the diverse needs of
approach reduces dependency on a single provider and enhances resilience and businesses and individuals in an increasingly interconnected digital world.
flexibility. Additionally, the integration of artificial intelligence (AI) and machine Additionally, advancements in cloud-native technologies and containerization are
learning (ML) into IaaS solutions is revolutionizing resource management, expected to enhance the flexibility and scalability of IaaS offerings.
automating routine tasks, and improving operational efficiency. In technologically
In conclusion, the growth of the IaaS market is driven by the demand for scalable,
advanced regions like the United States, businesses are rapidly adopting AI and
cost-effective cloud infrastructure. Global trends such as multi-cloud adoption
ML to gain a competitive edge.
and AI/ML integration, along with local factors like data sovereignty and economic
Global trends shape the IaaS market significantly, but local factors such as data conditions, will continue to shape the market. The IaaS market will evolve to meet
sovereignty laws and economic conditions play a crucial role. Data sovereignty the diverse and dynamic needs of businesses and individuals, ensuring it remains
and compliance requirements, which vary widely between regions, heavily a vital component of the digital economy.
influence the choice of cloud providers and the locations of data centers.
Economic factors, including digital transformation initiatives and industry-specific

Sources: Statista Market Insights 2024

 Infrastructure as a Service is an important part of the Public Cloud market
Overview: Market Definition

Market definition

Definition: Additional Information:

Infrastructure as a Service (IaaS) refers to the type of public cloud service that The Infrastructure as a Service (IaaS) market comprises revenue, revenue change,
provides virtualized computing resources. IaaS offers on-demand access to average spend per employee, and key player market shares as key performance
virtual machines, storage, and networking components, thus allowing users to indicators. Only revenues that are generated by primary vendors at the
build, deploy, and manage IT infrastructure without the need to invest in physical manufacturer price level either directly or through distribution channels
hardware. IaaS offers scalability, flexibility, and cost-efficiency by requiring users (excluding value-added tax) are included, and revenues generated by resellers are
to pay only for the resources they consume. The IaaS market includes the excluded. Revenues are generated through both online and offline sales channels
companies that provide these types of public cloud resources and services to and include spending by consumers (B2C), enterprises (B2B) as well as
individuals, businesses, and organizations. 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).

For more information on the data displayed, use the info button right next to the
boxes.

Sources: Statista Market Insights 2024

 Infrastructure as a Service accounted for 23.12% of the Public Cloud market
revenue in 2024
Overview: Key Takeaways

Key Takeaways

• Revenue in the Infrastructure as a Service market is projected to reach US$178.81bn in 2024.

• Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.32%, resulting in a market volume of US$450.86bn by 2029.

• The average spend per employee in the Infrastructure as a Service market is projected to reach US$50.23 in 2024.

• In global comparison, most revenue will be generated in the United States (US$77.05bn in 2024).

Sources: Statista Market Insights 2024

 Market scope parameters and considerations
Overview: in scope / out of scope

In scope Out of scope

This market includes: This market excludes:

• Server capabilities, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, • Business-Process-as-a-Service (BPaaS), such as payroll management and
and Google Compute Engine (GCE) accounting solutions via ADP Workforce Now, Intuit QuickBooks Online,
Workday, and Oracle NetSuite
• Computing resources, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS,
and Google Compute Engine (GCE) • Desktop-as-a-Service (DaaS), such as Amazon WorkSpaces, Microsoft Windows
Virtual Desktop, VMware Horizon Cloud, and Citrix Virtual Apps and Desktops
• Storage resources, such as Amazon Elastic Block Store (EBS), Azure Blob
Storage, and Google Cloud • Platform-as-a-Service (PaaS), such as Heroku, AWS Elastic Beanstalk, Google
App Engine, Microsoft Azure App Service, and IBM Cloud Foundry
• Network capabilities, such as Google Cloud Interconnect and Alibaba Cloud
Express Connect • 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

Sources: Statista Market Insights 2024

CHAPTER 2

Market Numbers
 The Infrastructure as a Service represented 23.12% of the Public Cloud market
in 2024
Market Size: Global

Revenue forecast in trillion US$

1.81

+21.2%(1) 1.56 0.01 0.13 0.01

0.04
1.33 0.01 0.12 0.03 0.39

1.13 0.01 0.10 0.03 0.34

0.93 0.01 0.09 0.02 0.30 0.45

0.77 0.00 0.08 0.02 0.26 0.38
0.00
0.00 0.00 0.00 0.00 0.00 0.63 0.02 0.21 0.32
0.00 0.01 0.27
0.00 0.00 0.00 0.00 0.01 0.48 0.17 0.07
0.40 0.01 0.07 0.22
0.04 0.04 0.04 0.31 0.05 0.05 0.18 0.79
0.21 0.03 0.25 0.06 0.14 0.13 0.68
0.18 0.02 0.03 0.05 0.06 0.11 0.48 0.57
0.09 0.33 0.39
0.19 0.09 0.21 0.28
0.09 0.03 0.11 0.03 0.13 0.05 0.15 0.06

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Software as a Service Business Process as a Service
Infrastructure as a Service Disaster Recovery as a Service

11 Notes: (1) CAGR: Compound Annual Growth Rate

Platform as a Service Desktop as a Service
Sources: Statista Market Insights 2024
 On a global scale, Technology Adoption and Innovation had the largest impact on
the revenue change in 2024
Market drivers

Market driver for Revenue change in % Explanation of drivers

30 • GDP Growth: This driver value is estimated as a percentage change in the Real
1.40 -2.34 GDP in the selected year compared to its previous year.
2.50
-2.38
25 3.20 • Impact of Inflation: This driver value is estimated as the difference between the
22.39 percentage change of nominal GDP and real GDP in the selected year.
3.65 • Impact of Russia-Ukraine war: This driver value is estimated as the percentage
20
change in the market revenue due to the Russia–Ukraine War.
6.08
• Technology Adoption and Innovation: This driver value estimates the revenue
15 impact from integrating new technologies and innovations, reflecting potential
market growth.
10.29
10 • Estabilishment of New Services: This driver value assesses the revenue change
from launching new services, indicating market expansion potential.
• Cybersecurity Concerns: This driver value is estimated as the percentage
5
change in market revenue attributable to Cybersecurity Concerns
• Supply Chain Disruption: This driver value captures the negative impact on
0 market revenue due to inefficiencies and delays in the supply chain
Technology EstabilishmentCybersecurity GDP Growth Impact of Impact of Supply Chain Rising Total market
Adoption and of New Concerns Russia- Inflation Disruption Operating growth • Rising Operating Cost: This driver value reflects the decrease in market revenue
Innovation Services Ukraine war Cost
resulting from higher expenses in daily operations.

12

Sources: Statista Market Insights 2024

 Infrastructure as a service market revenue projected to rise by 2029, indicating
robust growth in the sector
Market Size: Global

Revenue forecast in billion US$

450.86

382.37

321.75
+27.2%(1)
267.91

220.43
178.81
142.87
112.00
87.37
63.71
46.68
25.22 34.54

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

13 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Americas is projected to lead in Infrastructure as a service market revenue by
2029 compared to other regions
Market Size: Regional Comparison (1/2)

Revenue forecast in billion US$

+19.6%(1)

212.90
+21.9%(1)

141.41
+19.5%(1)

81.21 87.03

+22.5%(1) 52.64
+20.5%(1)
33.34

2.96 8.15 2.83 7.19

2024 2029 2024 2029 2024 2029 2024 2029 2024 2029
Europe Africa Americas Asia Australia & Oceania

14 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 United States projected to lead in Infrastructure as a service market revenue by
2029 compared to other regions
Market Size: Regional Comparison (2/2)

Revenue forecast in billion US$

+19.5%(1)

187.77

+21.9%(1)

86.14

77.05
+21.5%(1) +19.1%(1) +18.8%(1)
32.04
10.08 14.00 8.32
3.81 5.84 3.52

2024 2029 2024 2029 2024 2029 2024 2029 2024 2029

China United States United Kingdom Germany France

15 Notes: (1) CAGR: Compound Annual Growth Rate

Sources: Statista Market Insights 2024

 Average spend per employee in Infrastructure as a service expected to increase
by 2029
Market Size: Global

Average spend per employee forecast in thousand US$

0.12
0.12
0.11
0.10
0.10
0.09
0.09
0.08
0.07
0.07
0.06
0.06
0.05
0.05
0.04
0.04
0.03 0.03
0.03
0.02
0.02
0.01 0.01 0.01
0.01
0.00
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

16

Sources: Statista Market Insights 2024

 Americas set to lead in average spend per employee in the Infrastructure as a
service market by 2029, outpacing other selected regions
Market Size: Regional Comparison (1/2)

Average spend per employee forecast in thousand US$

0.45
0.41
0.40
0.35
0.35 0.32
0.30
0.30 0.27
0.25
0.25 0.23
0.21 0.20 0.19
0.20 0.17 0.16 0.16
0.11 0.14 0.13
0.14
0.15 0.12
0.03 0.08 0.11 0.10
0.04 0.05 0.06 0.09
0.10 0.02 0.08 0.08 0.07
0.05 0.06 0.06 0.06
0.03 0.05 0.05
0.01 0.02 0.02 0.01 0.03 0.04 0.03 0.03 0.04
0.05 0.01 0.02 0.02
0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01
0.00 0.01 0.01
0.00 0.00 0.00 0.00
0.00
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Africa Europe Americas
Asia Australia & Oceania
17

Sources: Statista Market Insights 2024

 The United States is projected to lead in average spend per employee in the
Infrastructure as a service market by 2029, surpassing other selected regions
Market Size: Regional Comparison (2/2)

Average spend per employee forecast in thousand US$

1.1 1.05

1.0
0.90
0.9
0.77
0.8
0.7 0.65

0.6 0.54
0.5 0.44
0.36 0.30
0.4 0.22 0.26
0.22 0.28 0.19 0.28
0.06 0.16 0.16 0.24
0.3 0.08 0.12 0.13 0.20
0.10 0.17 0.26
0.03 0.08 0.09 0.11 0.14 0.16
0.2 0.04 0.05` 0.06 0.22
0.03 0.06 0.07 0.07 0.09 0.11 0.19 0.11
0.03 0.06 0.13 0.06
0.1 0.02 0.04 0.03 0.04 0.05 0.09
0.03 0.03 0.08
0.03 0.04 0.05
0.0 0.00 0.01 0.01 0.01 0.02 0.07
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
China United Kingdom United States
France Germany
18

Sources: Statista Market Insights 2024

 In 2024, AWS dominated the Infrastructure as a Service market with the highest
share
Further Market Analysis

Brand share in 2024

19

Sources: Statista Market Insights 2024

CHAPTER 3

Appendix
 STATISTA MARKET INSIGHTS

Market Insights – market data,

forecasts, and qualitative insights
Gain a better understanding of markets across 190+ geographical entities – on a global,
regional, country, and/or state level. Access our data via web interface, download (XLS, PDF,
PPT), or reports. Benefit from our 48-hour customer service guarantee.

• 10 sectors: advertising & media, consumers, countries, digital sector,

finance, health, industrial sector, mobility, and technology
• 1,000+ markets, e.g., FinTech, Food, or Robotics
• KPIs, e.g., revenue, market shares, prices, and volume
• Features: Compare countries & regions, change currencies, select
visualizations, and/or customize downloads
• Use cases: sales planning, investment decision support, resource
allocation, and portfolio management

Go to Market Insights
10 190+ 1,000+ 400+
Find out more on: sectors geographical markets reports
Go to Market Insights https://www.statista.com/outlook/
entities

21
 Author

Methun Raj Mani

Junior Analyst Technology Market Insights

methunraj.mani@statista.com

Methun Raj Mani completed a Master's degree in Smart Systems at Hochschule

Furtwangen University. He gained a comprehensive understanding of data science
and market analysis during his studies. Currently, he is a Junior Analyst in the
Technology Market Insights team at Statista GmbH. Methun is responsible for the
Data Center and Public Cloud markets, contributing to market research and
analysis.

22
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