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Cloud Data Center Market - By Service (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), By Deployment Model (Public, Private, Hybrid), By End-Use (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), & Forecast 2023 – 2032

  • Report ID: GMI5491
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Cloud Data Center Market size was valued at more than USD 20 billion in 2022 and is estimated to grow at over 10% CAGR from 2022 to 2032 attributed to rapid digitalization across various industries.

Cloud Data Center Market

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The accelerating use of cloud services owing to the emergence of technology as a core element has transformed the way organizations operate. Several industry participants are migrating data to the cloud to simplify data monitoring, optimize processes, meet consumer compliance demand, and expand a company's digital presence, which is contributing to cloud data center market growth. Furthermore, in addition to the ongoing efforts for data localization at the legislative level and increasing e-commerce and digital payments, along with extensive Big Data implementation and AI penetration, is anticipated to raise the demand for cloud data centers between 2023 and 2032.

Complexity of cloud infrastructure to limit industry expansion

Cloud complexity is the outcome of the fast acceleration of cloud migration and net-new development without considering the operational complexities. When applications are moved to the cloud, the databases, legacy servers, and other platforms remain in the same form, thereby impeding cloud data center market development, since numerous organizations have halted their digital transformation. Complicated cloud architecture has hindered corporate operations, resulting in decreased revenue production and operational inefficiencies. Another major contributor to this problem is a shortage of skills. However, efforts are being made to minimize system complexity from databases, platforms, operating systems, containers, high-performance computing, and specialized systems by employing advanced tools to manage and monitor such systems.

Benefit of cost-reduction to fuel software-as-a-service (SaaS) segment share

Cloud Data Center Market Share, By Service Model

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By service, the cloud data center market share from software-as-a-service (SaaS) segment is estimated to witness over 10% CAGR through 2032 owing to the elimination of hardware costs and time needed for configuring resources. Technology firms are developing solutions that run business networks using highly flexible, fully automated, and scalable software models, thereby boosting business agility and monetizing network services. Furthermore, ongoing innovation and advancement in cloud computing technologies are expected to impel the adoption of SaaS.

Growing need to simplify complex banking operations to foster BFSI segment growth


Authors: Preeti Wadhwani, Shamal Gawande

Frequently Asked Questions (FAQ) :

Market size for cloud data center was worth over USD 20 billion in 2022 and is projected to record lucrative growth at more than 10% CAGR through 2032 driven by rapid digitalization across various industries.

The software-as-a-service (SaaS) segment is likely to witness more than 10% CAGR from 2023 to 2032 attributed to the benefits of cost reduction due to the elimination of hardware costs and time needed configuring resources.

North America cloud data center size is expected to surpass USD 30 billion in revenue by the end of 2032, owing to the rising investment in the development of data centers across the region.

Microsoft Azure, Amazon Web Services, Alibaba Cloud, IBM Cloud, and Google Cloud Platform are some of the major corporations engaged in the cloud data centers business.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 344
  • Countries covered: 16
  • Pages: 260

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