15-Mar-2023 | Facts and Factors
According to Facts and Factors, the global digital infrastructure market size was worth around USD 120.14 billion in 2022 and is predicted to grow to around USD 655 billion by 2030 with a compound annual growth rate (CAGR) of roughly 23.61% between 2023 and 2030.
The global industry refers to the ecosystem which involves the collection and utilization of software, hardware, and associated services that surround digital systems and technologies. This ecosystem allows consumers to conduct, collaborate, and communicate business operations. Furthermore, the growing rate at which data is generated worldwide due to the rising use of technological systems has initiated a robust need for scalable and reliable digital infrastructure that can support rapid information generation and processing.
Browse the full “Digital Infrastructure Market Size, Share, Growth Analysis Report By Deployment Type (On-Premise and Cloud), By Type (Solution and Service), By End-User (IT & Telecom, BFSI, Retail, Government, Manufacturing, Healthcare, and Others), By Enterprise Size (Small & Medium, and Large), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data, and Forecast 2023 – 2030" report at https://www.fnfresearch.com/digital-infrastructure-market
During the forecast period, certain factors are expected to help the market players gain high momentum while navigating through certain challenges and roadblocks. Companies like Google and Amazon Web Services have already created a strong name for themselves in the global industry. Some of the key players operating in the market include Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and IBM along with some small or medium-sized companies that are consistently working toward penetrating a larger segment of the consumer group.
The global digital infrastructure market is projected to grow owing to the growing government initiatives with efforts directed toward enhancing the digital infrastructure of the regional economies. Digital systems act as an economic strength as they play a crucial role in determining if the nation has the capability to survive in the international market. It is also one of the primary sources of attraction for foreign investments. Such reasons are the leading cause of governments undertaking large-scale initiatives to promote digital growth in their respective countries.
For instance, Europe intends to create a single market for digital systems and it has launched the Digital Single Market initiative to achieve this goal. Furthermore, growing advancements in technology could assist in higher revenue generation. Systems like artificial intelligence (AI), machine learning, 5G, and edge computing are expected to change the scope of digital technology in the coming years. They have already shown promising results and are capable of changing the way digital systems are viewed or utilized. Moreover, the growing demand for sustainable infrastructure is expected to become a key factor in the global industry expansion period. The need of the hour is an infrastructure that is energy efficient and promotes sustainable growth.
While the growth period looks promising, there are certain restraints that the industry leaders need to focus on. One of the leading limitations is the security concern surrounding the use of digital systems since such technologies are cyber crime-prone. Cybersecurity has to be paid extra attention when dealing with critical data. Additionally, the regulatory challenges continue to show their existence in the global market since it is subjected to complexities in terms of standards and regulations worldwide.
The growing adoption of cloud services may provide growth opportunities while the high-security risks could challenge market growth
Segmental Overview:
The global digital infrastructure market is segmented based on deployment type, solution, end-user, enterprise size, and region
Based on type, the global market is divided into solution and service
Based on end-user, the global market is segmented into IT and telecom, BFSI, retail, government, manufacturing, healthcare, and others
- Currently, the global industry is lead by the BFSI segment as it is one of the largest consumers of digital infrastructure
- Business operations like online banking, digital payments, mobile banking services, and digital customer relationship management are driving the demand in the end-user segment
- Healthcare is another significant vertical that is registering a high adoption rate for advanced digital systems to improve patient care
- In 2020, the healthcare IT market was valued at USD 140 billion
Based on enterprise size, the global market is divided into small & medium, and large.
- Although the revenue from different enterprise sizes depends on several factors like a business requirements, and product adoption rate, along with current trends and future expectations, currently the large segment is the largest contributor in the global industry
- Due to a large amount of data generation and complex organizational structure and business operational procedures, such institutes require scalable and reliable digital infrastructure in place to help business operations run smoothly
- Small and medium-sized firms may grow at a higher CAGR during the projection period
- On average, a small company with less than 25 employees may end up spending a few hundred dollars on digital systems
Regional Overview:
North America is anticipated to lead the global digital infrastructure market due to the already existing and highly advanced digital systems that are incorporated in businesses across sizes along with a high population segment that relies heavily on digital processes for everyday function. The robust finance sector of the US has been a pioneer in digital technology acceptance and has managed to turn the way the industry works with the help of digital technology is a prime source of revenue. Europe is projected to become a significant contributor to the global market due to the increasing government investment in infrastructure-enhancing projects, especially in the education, healthcare, and smart cities segments. In Asia-Pacific, India, China, Japan, Siganoire, and South Korea are lucrative markets for further expansion.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 120.14 Billion |
Projected Market Size in 2030 |
USD 655 Billion |
CAGR Growth Rate |
23.61% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Oracle Corporation, CA Technologies, Equinix Inc., Yash Technologies, Accenture, Cognizant, KELLTON TECH, Dell Technologies Inc., Hewlett Packard Enterprise, TIBCO Software Inc., Alcor Solutions Inc., HCL Technologies, Google Inc., Marlabs, Microsoft Corp, Adobe, International Business Machines Corp., Smartstream, SAP Company, Broadcom Inc, Apple Inc., and others. |
Key Segment |
By Deployment Type, Type, End-User, Enterprise Size, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape:
The global digital infrastructure market is led by players like Oracle Corporation, CA Technologies, Equinix, Inc., Yash Technologies, Accenture, Cognizant, KELLTON TECH, Dell Technologies Inc., Hewlett Packard Enterprise, TIBCO Software Inc., Alcor Solutions, Inc., HCL Technologies, Google, Inc., Marlabs, Microsoft Corp, Adobe, International Business Machines Corp., Smartstream, SAP Company, Broadcom, Inc, and Apple, Inc.
Recent Developments:
- In January 2023, Microsoft announced that it will include some employees from the Azure segment in the list of personnel being laid off. The company has already reduced its workforce by 10,000 employees and is expected to incur USD 1.2 billion in costs due to this move
- In May 2021, IBM announced that it had developed breakthrough technologies with AI capabilities and a hybrid cloud that is expected to accelerate digital transformation in the coming years
The global digital infrastructure market is segmented as follows:
By Deployment Type
By Type
By End-User
- IT & Telecom
- BFSI
- Retail
- Government
- Manufacturing
- Healthcare
- Others
By Enterprise Size
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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