Worldwide Public Cloud IaaS and PaaS Workloads Forecast, 2023-2027

This IDC study presents the worldwide public cloud IaaS and PaaS workloads market revenue for 2023-2027. "The public cloud workloads market attained 28.8% annual growth in 2022," said Jasdeep Singh, research manager, Cloud Infrastructure Service at IDC. "IDC believes all workload segments will continue to grow at double-digit rates, with AI and analytics workloads driving significantly faster expansion than others."

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

• Drivers and Inhibitors
  • Drivers
    • Artificial Intelligence/Machine Learning Adoption and Scaling
    • Data Growth and Modern Data Environments
  • Inhibitors
    • Workload Movement and Cloud "Repatriation"
    • Security and Data Sovereignty
• Significant Market Developments
  • Cloud Partnerships Ease Enterprise Support
  • Public Cloud Providers Are Addressing Digital Sovereignty Requirements
  • Relentless Enterprise Data Growth
  • Ongoing Market Consolidation
  • Enablers of AI/ML and GenAI
  • Developers Enabled to Work with Data Seamlessly
  • Ecosystem and Best of Breed Continue to Define Customer Buying Expectations for Cloud Platform/PaaS Services
• Changes from Prior Forecast

Market Definition

• Attributes That Define an IT Cloud Service
• Workloads Definition

Methodology

Related Research