Infrastructure as a Service (IaaS) Market is Projected To Grow at a CAGR of 21.07% During Forecast Period
Vipin Prakash Mishra
Sr. SEO Specialist, Digital Marketing Consultant, SEO, SEM, SMO, Lead Generation
According to TechSci Research report, “Global Infrastructure as a Service (IaaS) Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Infrastructure as a Service (IaaS) Market is anticipated to project robust growth in the forecast period with a CAGR of 21.07% through 2028. Infrastructure as a service (IaaS) is a cloud computing service in which businesses rent servers in the cloud for compute and storage. These web services provide high-level APIs that may be used to dereference various low-level features of network infrastructure, such as physical computer resources, data partitioning, scaling, location, security, backup, and so on. IaaS allows users to run any operating system or application on leased servers without having to pay for the operation and upkeep of servers.
Growth in demand for low-cost IT infrastructure and faster data accessibility propels growth of the global infrastructure as a service market. In addition, increase in cloud adoption across several industry verticals is also positively impacting growth of the IaaS market. However, security concerns over private cloud deployment hampers the market growth. On the contrary, growth in cloud adoption among SMEs is expected to offer remunerative opportunities for expansion of the IaaS market during the forecast period.
The global infrastructure as a service market is segmented on the basis of component type, deployment mode, enterprise size, industry vertical, and region. By component, it is divided into storage, network, compute, and others. By deployment model, it is divided into private, public, and hybrid models. According to enterprise size, it is categorized into small & medium enterprises (SMEs) and large enterprises. As per industry vertical, it is divided into banking, financial services and insurance (BFSI), government & education, healthcare, telecommunication & IT, retail, manufacturing, media & entertainment, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Infrastructure as a Service (IaaS) Market"
In terms of component type, the compute segment holds the largest infrastructure as a service market share, owing to surge in demand for consistent performance, on-demand Application Programming Interface (API), and security for physically isolated networks. However, the others segment is expected to grow at the highest rate during the forecast period, owing to increase in need to manage data throughout the lifespan, from conception and storage to archiving at the appropriate time, which stimulates the need for managed IaaS services, and hence the infrastructure as a service industry.
Region wise, the infrastructure as a service market share was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to the fact that leading vendors are focused on development of novel solutions, strategic alliances, and geographical expansion to strengthen their market presence globally. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to increase in adoption of fast internet connectivity including 4G connections, large population base, rise in competition among telecom & IT service providers, and increase in GDP.
North America is dominating the market with the largest market share. The Asia Pacific region has the highest adoption of faster internet connections, including 4G connections, a large population base, increased competition between telecommunications and IT service providers, and an increase in GDP. In addition, India and China are witnessing a growing trend toward digitization, increasing internet adoption, rising adoption of smart devices, and small and medium enterprises seeking enterprise-level computing power at low cost. IaaS adoption is also on the rise in the region.
Europe is expected to showcase a steady growth rate. The model's cost-effectiveness, simplicity, and innovation are the main factors contributing to its acceleration. Furthermore, increased enterprise migration from on premise IT services to hosted cloud services is expected to contribute to double-digit growth rates for the European market. The market for cloud and colocation services in South America is rapidly expanding. The increasing popularity of service-oriented architecture will likely boost global market share in the region. Similarly, rising government initiatives and investments toward digital transformations are driving the market in the Middle East & Africa.
Key market players in the Global Infrastructure as a Service (IaaS) Market include:
“Among regions, North America is projected to have the largest market share and is expected to dominate the infrastructure as a service market from 2022-2028. This is backed by the existence of major IaaS vendors in the regions of North America. APAC is expected to showcase the highest growth potential and is projected to grow at a CAGR of 30% in IaaS market simultaneously.
Increasing digitalization trends, adoption of internet, increasing adoption of smart devices and increasing number of SMBs demanding enterprise level computing capabilities at low cost, are increasing in countries India, China, Brazil, UK, Australia, and others thereby giving rise to the adoption of IaaS in the region. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
领英推荐
Download Free Sample Report
Customers can also request for 10% free customization on this report.
Infrastructure as a Service (IaaS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component Type (Storage, Network, Compute, Others), By Deployment Model (Private, Public, Hybrid), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Government and Education, Healthcare, Telecom and IT, Retail, Manufacturing, Media and Entertainment, Others), By Region, By Competition 2018-2028. has evaluated the future growth potential of Global Infrastructure as a Service (IaaS) Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Infrastructure as a Service (IaaS) Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel: +1-646-360-1656
Email:?[email protected]
Website:?www.techsciresearch.com