Infrastructure as a Service - China

China

Revenue in the Infrastructure as a Service market is projected to reach US$32.85bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.83%, resulting in a market volume of US$88.16bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$41.73 in 2024.
In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

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Analyst Opinion

The Infrastructure as a Service market in the Public Cloud Market of China is experiencing considerable growth, driven by factors such as increasing digitalization, rising demand for online services, and the convenience of cloud computing. This growth is primarily influenced by the government's push for digital transformation and the growing adoption of cloud services by businesses in the country.

Customer preferences: With the rapid growth of the Infrastructure as a Service Market within the Public Cloud Market in China, there has been a notable increase in demand for secure and reliable cloud solutions. This trend is driven by the country's strong emphasis on data privacy and security, as well as the rising adoption of digital transformation strategies among businesses. Additionally, the shift towards remote work and the need for flexible and scalable IT infrastructure has further fueled the demand for Infrastructure as a Service in the Chinese market.

Trends in the market: In China, the Infrastructure as a Service market within the Public Cloud Market is experiencing a surge in demand, driven by the country's rapid economic growth and increasing adoption of cloud technology. As a result, major players such as Alibaba Cloud and Tencent Cloud are expanding their infrastructure and services to meet the growing needs of businesses. This trend is expected to continue as more companies shift towards cloud-based solutions for their IT infrastructure, offering scalability, cost-efficiency, and flexibility. This development also presents opportunities for industry stakeholders, including cloud service providers, data centers, and network providers, to capitalize on the growing demand for IaaS in China.

Local special circumstances: In China, the Infrastructure as a Service Market within the Public Cloud Market is seeing rapid growth due to the country's large and technology-savvy population. The Chinese government has also been actively promoting cloud computing, providing incentives and favorable policies for businesses to adopt cloud services. Additionally, China's unique regulatory environment, such as strict data localization laws, has led to the development of localized cloud services tailored to the Chinese market. This has further fueled the growth of the Infrastructure as a Service Market within the Public Cloud Market in China.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in China is heavily impacted by macroeconomic factors such as government policies, technological advancements, and investment in digital infrastructure. China's strong economic growth and increasing government support for digital transformation have created a favorable environment for the growth of the public cloud market. Additionally, the country's large population and rapid urbanization have led to a high demand for efficient and cost-effective IT solutions, driving the adoption of Infrastructure as a Service in the public cloud. Furthermore, China's focus on becoming a global leader in technology and innovation has resulted in significant investments in digital infrastructure, further propelling the growth of the Infrastructure as a Service Market within the Public Cloud Market.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.