logo
logo
Sign in

Infrastructure as a Service Market to Record Robust Compound Annual Growth Rate During 2023-2032

avatar
Randall Adorno
Infrastructure as a Service Market to Record Robust Compound Annual Growth Rate During 2023-2032

Market Analysis

Market Research Future (MRFR) projects the global infrastructure as a service (IaaS) market to reach USD 59 billion at a CAGR of 23% from 2017 to 2023 (forecast period). The growing demand for hybrid computing, as well as faster implementation, scalability, and accessibility of IT systems, are driving factors in the expansion of the infrastructure as a service market. Cloud computing is becoming more popular in a variety of industries, including IT and telecom, BFSI, healthcare, retail, and e-commerce, due to increased IT resource utilization and cost-effective cloud computing services. The growing usage of multi-cloud and cloud-based IaaS platforms is also fuelling the expansion of the infrastructure as a service market. The cloud-based IaaS platform is in high demand among large organizations since it improves IT services and allows for quick data access. In contrast, a lack of IT infrastructure and data security in the cloud are some of the reasons impeding the market growth.

For Additional List and Detail Information on Key Players, Send Your Request for Sample Report Brochure

Infrastructure as a Service (IaaS) is a cloud computing model that provides virtualized computing resources over the internet. With IaaS, businesses and individuals can rent virtualized servers, storage, networking, and other infrastructure components from a cloud service provider. This allows them to avoid the costs and complexities of owning and managing physical infrastructure.

In an IaaS model, the cloud service provider is responsible for managing the underlying hardware and infrastructure, such as data centers, servers, and networking equipment. Users, on the other hand, have control over the virtualized resources and can deploy and manage their own operating systems, applications, and data.

Some key features and benefits of IaaS include:

  1. Scalability: IaaS allows users to easily scale their infrastructure up or down based on their needs. They can quickly add or remove virtual servers, storage, and networking resources to match their changing requirements.
  2. Flexibility: Users have the flexibility to choose the types of virtualized resources they need and configure them to meet their specific requirements. They can select different operating systems, software stacks, and applications to run on their virtual servers.
  3. Cost-effectiveness: Instead of investing in and maintaining physical infrastructure, users pay for the resources they consume on a pay-as-you-go basis. This helps reduce upfront costs and allows for more predictable budgeting.
  4. Reliability and Availability: IaaS providers typically offer robust infrastructure with redundant systems and data backups, ensuring high levels of reliability and availability for users' applications and data.
  5. Rapid Provisioning: With IaaS, users can provision new infrastructure resources within minutes or even seconds, compared to the time it would take to purchase, install, and configure physical hardware.
  6. Disaster Recovery: IaaS providers often offer built-in disaster recovery solutions, allowing users to replicate their infrastructure and data across multiple geographic regions for business continuity in case of a disaster.

Common examples of IaaS providers include Amazon Web Services (AWS) Elastic Compute Cloud (EC2), Microsoft Azure Virtual Machines, and Google Cloud Platform (GCP) Compute Engine. These providers offer a wide range of virtualized resources and services to support various computing workloads.

Browse Additional Details on “Infrastructure as a Service Market" @ https://www.marketresearchfuture.com/reports/infrastructure-as-a-service-market-5910

collect
0
avatar
Randall Adorno
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more