Cloud Infrastructure Services Market by Service Type (Compute as a Service, Storage as a Service, Backup and Disaster Recovery as a Service), Deployment Model, Entity Size, Vertical, and Region – 2022 to 2027


The global Cloud Infrastructure Services Market size is expected to reach USD 171.5 billion by 2024, growing at a CAGR of 18.0% during the forecast period. Major drivers of market growth are increased ICT spending and rising developments in the adoption of big data analytics, increasing corporate demand for flexible, scalable and cost-effective computing, and high hybrid cloud penetration.