Worldwide Public Cloud Infrastructure as a Service Forecast, 2023–2027
This IDC study provides the worldwide public cloud infrastructure as a service (IaaS) market forecast for the 2023–2027 period. It also presents forecasts for the regional and technology segment."The public cloud IaaS market remains resilient, delivering over 26% annual growth," said Dave McCarthy, research vice president, Cloud and Edge Infrastructure Services at IDC. "IDC believes cloud IaaS will continue to be the preferred choice for digital business initiatives. We expect growth to be led by high-performance compute and storage services that are optimized for AI and other data-intensive workloads."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- AI/ML Adoption and Scaling
- Data Growth and Need for Data Security
- Continued Expansion of New Compute Architectures
- Inhibitors
- Price Reduction of Core Infrastructure Services
- Workload Movement and Cloud "Repatriation"
- Significant Market Developments
- Cloud Partnerships Ease Enterprise Support
- Public Cloud Providers Are Addressing Digital Sovereignty Requirements
- Relentless Enterprise Data Growth
- Ongoing Market Consolidation
- Changes from Prior Forecast
- Market Definition
- Attributes That Define an IT Public Cloud Service
- Methodology
- Historical and Forecast Market Values and Exchange Rates
- Related Research
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