Worldwide Public Cloud Infrastructure as a Service Forecast, 2020–2024

Worldwide Public Cloud Infrastructure as a Service Forecast, 2020–2024

This IDC study provides an update on the worldwide public cloud infrastructure as a service market forecast for 2020–2024."Resilience, recovery, and flexibility have emerged as top priorities for enterprise IT buyers, as COVID-19 disruption creates uncertainty and complexity for businesses," said Andrew Smith, research manager, Cloud Infrastructure Services at IDC. "Cloud services are well positioned to address all three of these elements, and IT organizations of all sizes are accelerating their cloud adoption plans as a result. This dynamic will result in continued spending and growth of the cloud IaaS market over the forecast period, despite the immediate declines forecast for enterprise IT spending overall."

Please Note: Extended description available upon request.

IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
COVID-19 Market Disruption
Ongoing Prioritization of DX Initiatives Drives Adoption of Cloud Services
Growing Ease of Cloud Migration and On-Premises Consistency
Skill Set Availability
Subscription Billing Complexity
COVID-19 Market Disruption
Significant Market Developments
Expanding Integration with Storage OEMs
Ongoing Market Consolidation
COVID-19 Pandemic
Growth of IT in Edge Premises and the Emergence of New Telco Partnerships
Changes from Prior Forecast
Market Definition
Cloud Deployment Models
Attributes That Define an IT Cloud Service
Infrastructure as a Service
Infrastructure as a Service — Compute
Infrastructure as a Service — Storage
Historical and Forecast Market Values and Exchange Rates
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