Global Infrastructure as a Service (IaaS) Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The infrastructure as a service (IaaS) market consists of sales of computer infrastructure by entities (organizations, sole traders and partnerships) that provide IaaS on-demand through an internet platform. IaaS refers to providing access to computer infrastructure through networked servers. The market comprises of revenue generated by the establishments providing IaaS host hardware, software, servers, storage and other infrastructure components for their users. These components include networking features, computer hardware, space for data storage, system maintenance, backup and resiliency planning. Only goods and services traded between entities or sold to end consumers are included.

Global Infrastructure as a Service (IaaS) Market Size And Drivers:

The global infrastructure as a service market is expected to decline from $56.94 billion in 2020 to $44.44 billion in 2021 at a compound annual growth rate (CAGR) of -22%. The high growth is mainly due to growth in online services due to COVID-19 that increased demand for IaaS. The infrastructure as a service market is expected to reach $74.63 billion in 2025 at a CAGR of 13.8%. Rise in cloud adoption across several industry verticals such as banking, financial services and insurance (BFSI), government and education, healthcare, IT and telecom, retail, manufacturing, media and entertainment, and more at a rapid pace is expected to propel the market growth of infrastructure as a service market during the forecast period. Several industries are adopting IaaS owing to benefits such as low cost and improved reliability and scalability.

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Trends In The Global Infrastructure as a Service (IaaS) Market

Distributed cloud, referred to the availability of public cloud services in different physical solutions while the provider remains responsible for the operation, governance, updates and evolution of the services, is expected to be one of the major opportunities for the development of the infrastructure as a service market. This distributed cloud model is advantageous to the organizations that have faced issues related to the physical locations in the past. This will allow infrastructure and operations organizations to place the public cloud services at the locations of their choice which will attract consumers who are willing to modernize using the public cloud. The rise of Edge cloud computing and multi-cloud computing will eventually result in the rise to the concept of distributed cloud. By 2020, organizations such as Amazon Web Services Outposts, Google Cloud Anthos, and Microsoft Azure Arc., have initiated the edge cloud computing. With the increase in different industry verticals towards cloud-based services, the trend of distributed cloud which overcomes the challenges of physical location constraints will prove to be one of the major opportunities for the market growth during the forecast period.

Global Infrastructure as a Service (IaaS) Market Segments:
The global infrastructure as a service market is further segmented –
By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud
By Application: Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS)
By End User: Small And Medium Enterprises (SMEs), Large Enterprises
By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Education, Healthcare, IT And Telecom, Retail, Manufacturing, Media And Entertainment, Others
By Operation: Rechargeable, Non-Rechargeable
By Geography: The global IaaS market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Infrastructure as a Service (IaaS) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides infrastructure as a service (IaaS) market overviews, analyzes and forecasts market size and growth for the global infrastructure as a service (IaaS) market, infrastructure as a service (IaaS) market share, infrastructure as a service (IaaS) market players, infrastructure as a service (IaaS) market segments and geographies, infrastructure as a service (IaaS) market’s leading competitors’ revenues, profiles and market shares. The infrastructure as a service (IaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.