Infrastructure as a Service Market Overview:
The infrastructure as a service (Iaas) market can potentially reach a valuation of USD 59 Billion By 2023. The market is estimated to achieve a high CAGR OF 23% during the forecast period (2017-2023).
The rising need to reduce cost in IT infrastructure management, which could help focus more on primary operations has led to high adoption of IaaS across various agencies. Technological innovations have given way to high mobility, sophisticated working environment, digitalization development and ease of access in several business verticals. Therefore, flexibility, scalability of services and ease of deployment can also be considered few essential factors that are steering the market growth across the globe.
Soaring demand for hybrid cloud platforms is bound to boost demand for the Infrastructure as a Service Market in the years ahead. With the use of hybrid cloud services, multiple organizations are trying to steer clear of assigning all their data to one system at one single point. Storing all the data at a single point makes organizations vulnerable to data theft or unforeseen errors. Hybrid cloud architecture helps bring down the risks related to data theft or loss compared to other types of software like public cloud.
The telecommunication and IT sector are booming exponentially, given the growing adoption of cloud-based services. This industry is a prominent vertical that generates huge financial, personal, and healthcare information. Customer-based enterprises in the banking financial services and insurance (BFSI) industry generate enormous volumes of confidential business as well as financial data, which gives rise to the need for security for smooth business continuity. This calls for the use of IaaS these sectors and can help the market advance at a rapid pace in subsequent years.
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Leading vendors in the worldwide Infrastructure as a Service (IaaS) market include Microsoft Corporation (U.S.), VMware, Inc. (U.S.), Amazon Web Services Inc. (U.S.), HCL Technologies Limited (India), Computer Sciences Corporation (U.S.), Oracle Corporation (U.S.) Cisco Systems Inc (U.S.), Rackspace Inc. (U.S.), Google LLC (U.S.), Fujitsu Ltd (Japan), Accenture (Republic of Ireland), International Business Machines Corporation (U.S.), among others.
The global market for infrastructure as a service (IaaS) market has been studied by MRFR based on segments such as solution, deployment type, end-user, and verticals.
North America, Europe, Asia Pacific, coupled with the Rest of the World are recognized as important markets for infrastructure as a service.
North America is projected to be the most profitable market for infrastructure as a service. Top companies in North America like Amazon Web Service, Inc., IBM Corporation, VMware, Inc., and others are known for being proactive in this field and provide a broad range of services for hosting, managing and maintaining all kinds of IT infrastructure in a private or public data center. Software innovations and the launch of several cloud-based solutions are the reasons behind the dominance of the region in the global market.
Europe has landed the second position in the global IaaS market, on account of massive demand stemming from increasing penetration of hybrid cloud as well as advanced IT infrastructure. Rising adoption of multi-cloud, as well as cloud-based IaaS platform, also boost the market demand in the region.
APAC, in the coming years, can attain the highest CAGR, with factors like increasing internet penetration and developing technologies across India and China boosting the market growth. Surging number of small and medium-sized businesses (SMBs) in the region will accelerate the demand for hybrid cloud model, which is deemed to benefit the IaaS market to a great extent.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
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List of Tables
Table 1 Global Infrastructure as A Service Market: By Region, 2017-2023
Table 2 North America Infrastructure as A Service Market: By Country, 2017-2023
Table 3 Europe Infrastructure as A Service Market: By Country, 2017-2023
List of Figures
Figure 1 Global Infrastructure as a Service Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Infrastructure as a Service Market
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