Infrastructure as a Service (IaaS) Market Set To Soar At 26% By 2032: The Brainy Insights

The Brainy Insights, a leading player in the global Infrastructure as a Service (IaaS) market, has seen its market value exponentially grow from USD 80 billion in 2022 to USD 806.85 billion by 2032.

IaaS Market Growth According to the report released by Brainy Insights Pvt. Ltd., the IaaS market has been growing at a CAGR of 26% from 2023 to 2032. The rise in cloud infrastructure, rising demand for data security and management, and increased focus on cost optimization from enterprise companies are some of the primary factors responsible for this accelerated growth. The report also highlights the increasing demand for public and private cloud computing services among the users and discusses the surging investments in the cloud sector. Moreover, it mentioned the technological advancements in AI, IoT and Big Data, as one of the major contributors to the growth of the global IaaS market. Commenting on the report, Avinash D, CEO of Brainy Insights Pvt. Ltd., said, “The technological advancements in AI, IoT and big data have opened up new opportunities for market players. We are delighted to be part of such an exciting global sector.”

The global IaaS market is experiencing accelerated growth due to increased demand for cloud infrastructure, data security and management, cost optimization, and technological advancements in AI, IoT, and Big Data.

The Brainy Insights urges all players and potential entrants of the global IaaS market to make strategic investments in order to stay competitive amidst the rapid technological advancements.