The global infrastructure as a service market size is expected to grow from $65.87 billion in 2021 to $82.93 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%. The high growth in the market is mainly due to growth in online services due to COVID-19 that increased demand for IaaS. The IaaS market is expected to reach $195.81 billion in 2026 at a CAGR of 24%.
What is the Global Infrastructure as a Service (IaaS) Market?
The infrastructure as a service 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.
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What drives the Global Infrastructure as a Service (IaaS) Market?
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. The banking sector is one such where a higher rate of Iaas adoption is witnessed due to the substantial benefits of cloud computing including data analytics, AI-driven analytics with machine and deep learning algorithms, agility and scale. Thus, the rise in cloud services adoption due to the benefits they offer across various industry verticals is majorly driving the infrastructure as a service market growth.
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Global Infrastructure as a Service (IaaS) Market Segments
The global infrastructure as a service (IaaS) market is 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 regions covered in the infrastructure as a service (IaaS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Infrastructure as a Service (IaaS) Global Market Report 2022provides market size and growth forecasts for the global infrastructure as a service (IaaS) market, global infrastructure as a service (IaaS) market share, infrastructure as a service (IaaS) market segments and geographies, infrastructure as a service (IaaS) market competitive landscape including 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.
Global Infrastructure as a Service (IaaS) Industry Playersinclude Amazon Web Services Inc., Microsoft Corporation, International Business Machines Corporation (IBM), VMware Inc., Fujitsu Limited, Google Inc., Cisco System Inc., Oracle Corporation, Alibaba Group Holding Limited, Red Hat Inc., ProfitBrick, Redcentricplc., Savvis, Tencent, Dell, EMC Corporation and Hewlett Packard Enterprise. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
