Infrastructure as a Service (IaaS) provides on-demand access to high-performance computing, storage, networking, machine learning, analytics, and other capabilities. IaaS provides several advantages such as scalability, flexibility, security, lower upfront costs, etc. With the rapid growth of data traffic due to increasing adoption of smartphones, tablets and other smart connected devices, IaaS solutions are gaining prominence as they enable telecom companies to expand and upgrade their infrastructure easily and cost-effectively. The global Infrastructure as-a-Service Market is estimated to be valued at US$ 64.42 Bn in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The telecommunication sector has been witnessing major transformations with increasing data usage and adoption of new technologies like 5G, IoT, AI/ML, etc. This has exponentially increased the data traffic and corresponding infrastructure requirements for telecom companies. IaaS solutions have enabled telecom operators to easily scale up their infrastructure and network capabilities as per the growing demand. IaaS helps telecom companies to reduce infrastructure costs by shifting investments from capital expenditure to operational expenditure. It also provides agility to launch new services at a faster pace and expand coverage efficiently. This has accelerated the adoption of IaaS specifically in the telecommunication vertical and is a major trend driving the overall Infrastructure as-a-Service market growth.
Segment Analysis
The global infrastructure as-a-service market is dominated by the managed hosting sub-segment. Managed Hosting provides rental of infrastructure and complete management of systems and applications. It offers advantages like reduced costs through pay-per-use pricing, better performance and security than in-house infrastructure, and hassle-free maintenance & support for the customers. Due to these advantages, managed hosting dominates the IaaS market currently.
Key Takeaways
The Global Infrastructure As-A-Service Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2024 is expected to reach US$ 64.42 Bn, indicating significant opportunities.
Regional analysis: North America is currently the dominant region in the global IaaS market owing to rapid technological adoption and digital transformation among organizations. The presence of many global technology leaders and startups in the region is also supporting market growth. However, Asia Pacific is expected to be the fastest growing regional market for IaaS over the coming years. This can be attributed to increasing investments in digital infrastructure, rising adoption of cloud-based services, and growing economies in countries like China and India.
Key players operating in the infrastructure as-a-service market are Rubicon Technology Inc., KYOCERA Corporation, Saint-Gobain, SCHOTT AG, Monocrystal, Rayotek Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO. Ltd, Namiki Precision Jewel Co., Ltd., Juropol Sp. z o.o. Rubicon Technology Inc. specializes in engineered monocrystalline sapphire materials and components. It dominates the market for IaaS dedicated servers and hosting.
For more details on the report, Read- https://www.insightprobing.com/infrastructure-as-a-service-market-size-and-share/
Infrastructure as a Service Market The 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 Market.
But what does it mean within the perspective of Infrastructure as a Service (IaaS) offerings, as well as how can the benefits help enterprises meet specific business goals?FREE PDF@ https://www.marketresearchfuture.com/sample_request/5910Essentially, the cloud consents IT to get engage in low-risk development.
IaaS can be regarded as “rented hardware” that businesses can access instantaneously by providing the computing, storage, and networking functions for existing services or new projects.Infrastructure as a service (IaaS)—A Brief NoteInfrastructure as a service (IaaS) is generally a form of cloud computing that is based on automation and orchestration technologies towards the on-demand provision and manage virtualized infrastructure resources such as storage, server, and network over an extensive area network (WAN) to the consumer.
The consumer does not achieve or control the underlying cloud infrastructure but also has control over its resources where the consumer is able to use and run IaaS software, which can include operating systems and applications.Similarly, in the IaaS model, third-party service providers generally host hardware equipment, operating systems, and other software, storage systems, servers, and various other IT components for customers in an extremely automated delivery model.
While, in some cases, IaaS providers also handle tasks such as ongoing systems maintenance, data backup, and business continuity.
All these things are making the infrastructure as a service more durable, trusted, functional, and beneficial for the businesses dealing with cloud computing.Benefits in Associated with IaaSBusiness AdvantagesIaaS tends to free up human resources to let consumers focus on core businesses and content delivery rather than on IT infrastructure, which does not produce business value.
