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Public Cloud IaaS Market Outlook: Industry Overview and Forecast (2024 to 2031)

Market Overview and Report Coverage

Public Cloud Infrastructure as a Service (IaaS) is a cloud computing service model that provides virtualized computing resources over the internet, allowing organizations to rent processing power, storage, and networking on a pay-as-you-go basis. This model offers scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses looking to outsource their IT infrastructure.

The current outlook for the Public Cloud IaaS market is promising, with a projected growth rate of % during the forecasted period. This growth can be attributed to the increasing adoption of cloud services by organizations of all sizes, as well as the rise in demand for scalable and agile IT infrastructure solutions. Additionally, technological advancements such as artificial intelligence, machine learning, and Internet of Things (IoT) are driving the expansion of the market.

Looking ahead, the future of the Public Cloud IaaS market is expected to be shaped by factors such as the continued digital transformation of businesses, the proliferation of data-driven decision-making processes, and the need for efficient and secure cloud-based solutions. Market trends to watch include the integration of hybrid cloud environments, the emergence of multi-cloud strategies, and the focus on sustainability and environmental responsibility in cloud computing operations.

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Market Segmentation

The Public Cloud IaaS Market Analysis by types is segmented into:

  • Primary Storage
  • Disaster Recovery and Backup
  • Archiving
  • Compute


Public Cloud IaaS market includes various types such as primary storage, disaster recovery and backup, archiving, and compute. Primary storage involves storing data for immediate access, disaster recovery and backup focus on data protection and recovery in case of system failure, archiving deals with long-term retention of data for compliance or historical purposes, and compute refers to the processing power and resources needed to run applications and workloads in the cloud. Each type serves a specific function within the public cloud infrastructure-as-a-service market.

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The Public Cloud IaaS Market Industry Research by Application is segmented into:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises


The Public Cloud IaaS Market Application is suitable for both Small and Mid-Sized Enterprises (SMEs) and Large Enterprises. SMEs benefit from cost-effective infrastructure solutions and scalability, allowing them to access resources without significant investment. Large Enterprises can leverage the flexibility, efficiency, and global reach of public cloud services to support their complex and dynamic business needs. Overall, both SMEs and Large Enterprises can take advantage of the diverse capabilities and benefits offered by Public Cloud IaaS solutions.

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In terms of Region, the Public Cloud IaaS Market Players available by Region are:

North America:

  • United States

  • Canada


  • Germany

  • France

  • U.K.

  • Italy

  • Russia


  • China

  • Japan

  • South Korea

  • India

  • Australia

  • China Taiwan

  • Indonesia

  • Thailand

  • Malaysia

Latin America:

  • Mexico

  • Brazil

  • Argentina Korea

  • Colombia

Middle East & Africa:

  • Turkey

  • Saudi

  • Arabia

  • UAE

  • Korea

What are the Emerging Trends in the Global Public Cloud IaaS market?

The global public cloud IaaS market is experiencing rapid growth and evolution. Emerging trends include the increasing adoption of hybrid and multi-cloud strategies, as organizations seek to leverage the strengths of different cloud providers. Another trend is the rise of serverless computing, which allows organizations to focus on developing applications without concerning themselves with infrastructure management. Current trends in the market include a growing focus on security and compliance in the cloud, as well as the increasing importance of automation and orchestration tools for managing complex cloud environments. Overall, the public cloud IaaS market continues to innovate and expand to meet the changing needs of businesses worldwide.

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Major Market Players

The Public Cloud IaaS market is highly competitive and dominated by key players such as Amazon Web Services (AWS), Microsoft Azure, Alibaba Cloud, Google Cloud Platform, and Huawei Cloud.

Amazon Web Services (AWS) is leading the market with a substantial market share due to its wide range of services, global data centers, and strong customer base. AWS generated a revenue of $ billion in 2020, reflecting its significant growth in the Public Cloud IaaS market.

Microsoft Azure is another major player in the market, offering a comprehensive set of cloud services and integration with other Microsoft products. Azure has shown strong growth in recent years, with revenues reaching $17.7 billion in 2020.

Alibaba Cloud, the cloud computing arm of Alibaba Group, has also emerged as a major player in the Public Cloud IaaS market, particularly in the Asia-Pacific region. Alibaba Cloud's revenue reached $8.2 billion in 2020, showcasing its rapid growth and expanding market presence.

Google Cloud Platform is known for its innovative solutions and strong machine learning capabilities, attracting a diverse range of customers. Google Cloud's revenue was reported at $5.6 billion in 2020, highlighting its steady growth in the competitive Public Cloud IaaS market.

Huawei Cloud, a subsidiary of Huawei Technologies, has been steadily expanding its presence in the Public Cloud IaaS market, particularly in China and other emerging markets. While Huawei Cloud's revenue figures are not publicly disclosed, the company has been investing heavily in cloud infrastructure and services to compete with established players like AWS and Azure.

Overall, the Public Cloud IaaS market is expected to continue growing as businesses increasingly adopt cloud services for scalability, flexibility, and cost-efficiency. Key players like Amazon, Microsoft, Alibaba, Google, and Huawei will continue to innovate and expand their offerings to capitalize on this growth trend.

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27 Jun 2024
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