IT Infrastructure Services MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on IT Infrastructure Services Market.
The growth sectors of the IT Infrastructure Services Market are identified with precision for a better growth perspective.Infrastructure as a service (IaaS) governance demand is growing with IaaS mis-configurations and inadvertent sensitive data storage exposure causing some of the biggest breaches over the past couple of years.
As a result, businesses are increasingly focusing on improving governance to prevent data loss.Simultaneously, factors such as the increasing demand for hybrid computing, faster implementation, scalability, and accessibility of the IT system are defining the market landscape for IaaS, increasing the demand and uptake of IaaS.
Moreover, the increasing adoption of multi-cloud and cloud-based IaaS platform is escalating the IaaS market on the global platform.Acknowledging the kind of growth, the IaaS market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global Infrastructure as a Service market will reach approx.
59 BN USD by 2023, registering a whopping CAGR over 23 % from 2017 to 2023.Augmenting uptake of cloud computing among various verticals including IT & telecom, BFSI, healthcare, retail & e-commerce due to maximum utilization of IT resources and cost-effective cloud computing services among organizationsOn the flip side, factors such as the lack of technical expertise to manage IT infrastructure and data security on the cloud are expected to restrict the market growth of IaaS over the assessment period.
Nevertheless, the cloud-based IaaS platform owing to its capability to enhance the IT services and fast data accessibility, witnesses a vast demand in large enterprises, which in turn, will support the market growth over the forecast period.Global Infrastructure as a Service Market- SegmentationMRFR has segmented the analysis into five key dynamics for the scope of better understanding:-By Solutions : Managed Hosting Services, Storage as a Service (network attached storage and storage area network-based storage), High-Performance Computing as a Service, Disaster Recovery as a Service, Network Management, and Content Delivery Services.By Deployment Types : Public Cloud, Private Cloud, and Hybrid Cloud.By End-Users : SMEs and Large Enterprises.By Verticals : IT & Telecom, BFSI, Healthcare, Retail and e-Commerce, Government, and Defense among others.By Regions : Europe, North America, APAC and the Rest-of-the-World (RoW).Global Infrastructure as a Service Market-Regional AnalysisThe North American region leads the global Infrastructure as a Service market with the largest market share.
