Infrastructure-as-a-Service (Iaas) Market Outlook 2031
- The global infrastructure-as-a-service market was valued at US$ 54.50 Bn in 2020
- It is estimated to expand at a CAGR of 28.50% from 2021 to 2031
- The global infrastructure-as-a-service (Iaas) market is expected to reach the value of US$ 859.67 Bn by the end of 2031
Increasing Demand for Infrastructure-as-a-Service (Iaas) Drives Market
Hybrid cloud systems are becoming increasingly popular as public and private cloud models have limitations of data security. This factor is likely to boost the infrastructure-as-a-service (IaaS) market. The rising volume of business data in telecom and IT is creating opportunities for the infrastructure-as-a-service (IaaS) market. The increase in the number of data centers across the globe is likely to boost the infrastructure-as-a-service (IaaS) market. The rise in the rate of adoption of hybrid cloud system in industries such as healthcare, manufacturing, and e-commerce is anticipated to boost the infrastructure-as-a-service (IaaS) market. Moreover, growth in small and medium scale organization where data centers are available is also fueling the infrastructure-as-a service (IaaS) market.
Digitization, along with increase in the demand for data centers from various IT industries, is creating potential opportunities for market players. Governments across various countries are promoting information and communication systems that increase the utilization of cloud systems, which, in turn, is driving the infrastructure-as-a-service (IaaS) market. The rapid smart city development across the globe is also responsible for the growth of the global infrastructure-as-a-service (IaaS) market. Major industries are nowadays adopting multicloud implementations and hybrid cloud deployment as part of their cloud strategy. This is contributing to market growth. In addition, networking is at the foundation of this digital transformation, which is likely to enhance the use of infrastructure services.
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Benefits of Infrastructure as a Service (IaaS) to Fuels Adoption
The global infrastructure-as-a-service (IaaS) market is significantly driven by the increasing popularity of Iaas services due to their unique benefits. The infrastructure-as-a-service (IaaS) is cost-efficient, scalable, and reliable. Underlying infrastructures such as servers and software are shared across different end users that are openly available to all, easily accessible from anywhere, and over any device. Companies in the global infrastructure-as-a-service (IaaS) market are gaining lucrative revenue benefits due to the increasing demand for such services from various end-use industries including healthcare centers, It & telecom, retail & e-commerce, manufacturing, energy & utility, etc.
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Lucrative Growth Opportunities in Europe and Asia Pacific
There are tremendous growth opportunities for market players operating in the Asia Pacific and Europe infrastructure-as-a-service (IaaS) market. The number of data centers across the Asia Pacific region is increasing, this driving the infrastructure-as-a-service (IaaS) market. Rapidly expanding IT industry in India, China, and Japan is also attributable to the rise in adoption of infrastructure services in Asia Pacific. Due to the lucrative presence of telecom industries having their own data centers, Europe is more likely to dominate the global market in the upcoming years.
The expansion of the e-commerce industry, along with rising data traffic in telecom, healthcare, and manufacturing industries, is driving the Asia Pacific infrastructure-as-a-Service (IaaS) market during the forecast period. There are value-grab opportunities for players operating in the Asia Pacific and Europe infrastructure-as-a-service (IaaS) market. Many IT organizations across the globe are expanding their cloud services across Asia Pacific, which, in turn, is fueling the market growth. The increasing adoption of hybrid cloud is also anticipated to fuel the infrastructure-as-a-service (IaaS) market in the region.
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Infrastructure as a Service (IaaS) MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Infrastructure as a Service (IaaS) Market.
The growth sectors of the Infrastructure as a Service (IaaS) 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 organizations On 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.
The report referring to the Cloud Infrastructure-as-a-Service (IaaS) Market Report is one of the most comprehensive and with key impaction additions designed for the buyers.
The report smartly leads you to a productive methodology in planning, managing, and investigating data.
The report also incorporates knowledge of strengths, weaknesses, threats, and opportunities, along with the market trends and limitations in the prospect.
The report develops on the dynamic growth market and is utilized to interpret the different scenarios of the businesses.
Backed with competitive intelligence and benchmarking, our research reports on the Cloud Infrastructure-as-a-Service (IaaS) market are designed to provide entry support, customer profile, and M as well as go-to-market strategy support.Focusing Point of the Report:1.
The report manages to convey detailed information regarding prominent vendors of the Cloud Infrastructure-as-a-Service (IaaS) Market including recent innovations, advancements, improvements, business estimation, revenue margin, and sales graph.Market Size & Share, by Product Types:Public, Private, HybridMarket Size & Share, by Product Applications:IT & Telecom, Banking, Financial Services, and Insurance, Healthcare, Retail and E-commerce, Government & Defense, Energy & Utilities, ManufacturingDirect Purchase Report With Any Queries @ https://market.us/purchase-report/?report_id=47456On the basis of regions, the research report covers almost all the major regions across the globe such as- Europe (Germany, France, UK, Russia, and Italy)- North America (United States, Canada, and Mexico)- South America (Brazil, Argentina, Colombia, etc.
Global Infrastructure as a Service (IaaS) Market Research Report – By Solution (Network Management, Content Delivery Services), Deployment Type (Private Cloud), End User (Large Enterprises), Verticals (Telecommunications), By Regions - Forecast Till 2023Market HighlightsThe global infrastructure as a service (IaaS) market is growing exponentially across North America, Europe, Asia Pacific, and rest of the World.
In North America, the infrastructure as a service (IaaS) market is experiencing a huge demand due to increasing use of Infrastructure as a service platform among small and medium-sized organizations and growing demand for hybrid cloud.
Infrastructure as a service is used for making business decisions as it offers resource sharing among a large number of networks.The North American region is experiencing huge demand in infrastructure as a service (IaaS) due to increasing demand for hybrid cloud computing as it offers high operational efficiency to large organizations.
While in APAC region, the infrastructure as a service is gaining momentum due to the increasing penetration of internet services, and high adoption of smart devices among users.The global Infrastructure as a Service (IaaS) market is estimated to reach USD ~59 billion by the end of the forecast period of 2023, at a CAGR of approximately ~23%.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5910Market SegmentationThe global infrastructure as a service (IaaS) market is segmented on the basis of the solution, deployment type, end-user, verticals, and region.
The solution segment is further sub-segmented as managed hosting services, storage as a service, high-performance computing as a service, disaster recovery as a service, network management, and content delivery services.
The deployment type is sub-segmented into the public cloud, private cloud, hybrid cloud.
