Global IaaS Market Sees Significant Growth in 2023 According to Gartner

Tuesday, 23 July 2024, 02:22

According to Gartner Inc., the global infrastructure-as-a-service (IaaS) market reached a revenue of $140 billion in 2023, marking a substantial growth of 16.2% compared to $120 billion in 2022. This increase highlights the continuing demand for cloud computing solutions as businesses increasingly adopt public cloud services. The trend toward digital transformation has bolstered the infrastructure-as-a-service sector, reflecting a robust trajectory for future growth.
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Global IaaS Market Sees Significant Growth in 2023 According to Gartner

Growth of IaaS Market

The global infrastructure-as-a-service (IaaS) market has experienced a significant increase, reaching $140 billion in 2023. This growth represents a remarkable 16.2% rise from $120 billion in 2022, according to a report by Gartner Inc..

Key Drivers of Growth

  • The adoption of cloud computing technologies
  • Increased demand for public cloud services
  • Continued digital transformation across industries

As businesses integrate more technology solutions, the IaaS sector stands out as a vital component of this evolution.

Conclusion

This steady growth in the IaaS market reflects a positive outlook for cloud computing services, indicating that companies are planning to invest more in infrastructure as a service to enhance their operations and scalability.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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