Lionel Sujay Vailshery
Research expert covering the consumer electronics industry
Get in touch with us nowIn 2023, enterprise spending on cloud infrastructure services amounted to 270 billion U.S. dollars, a growth of 45 billion U.S. dollars compared to the previous year. The growing market for cloud infrastructure services is driven by organizations' demand for modern networking, storage, and databases solutions.
The platform as a service (PaaS) segment, which includes analytics, database, and internet of things (IoT) has the highest growth rate within the cloud infrastructure services market. The managed private cloud services share declined in comparison. Infrastructure as a service (IaaS) remained relatively steady, with companies like Amazon Web Services and Microsoft dominating the market. However, software as a service (SaaS) is not included, which itself continues to experience growth in end-user spending worldwide.
Enterprise spending on data center hardware and software on the other hand began to slightly decline after several years of steady growth. Data center hardware and software encompasses spending on servers, networking, storage, and security software. Because data centers store proprietary or sensitive data, sites are secured by specific software. This includes splitting networks into security zones, for example. Other methods for ensuring security are using tools to scan applications and code before deployment to spot malware or vulnerabilities.
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