As-a-service market annual contract value worldwide 2015-2023, by quarter

Published by
Lionel Sujay Vailshery,
Feb 9, 2024
In the most recent quarter of 2023, the annual contract value (ACV) of the global infrastructure-as-a-service (IaaS) and software-as-a-service (SaaS) market stood at 13.4 billion U.S. dollars. The pay-as-you-go model offered reduced information technology (IT) costs for companies and thereby changed the way global enterprises operate.

As-a-service market (IaaS & SaaS) annual contract value (ACV) worldwide from 2015 to 2023, by quarter (in billion U.S. dollars)*

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Release date

January 2024

Region

Worldwide

Survey time period

2015 to 2024

Supplementary notes

* Only accounts for contracts with ACV ≥ $5M

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