target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # US51019723
Worldwide Public Cloud Infrastructure as a Service Forecast, 2023–2027
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Abstract
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."