Infrastructure as a Service Market Overview:
The 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.
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. Nevertheless, the cloud-based IaaS platform owing to its capability to enhance the IT services and fast data accessibility, witnesses a vast demand in large enterprises, which in turn, will support the market growth over the forecast period.
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Major players to get interested in the global infrastructure as a service market are Google LLC (U.S.), Amazon Web Services Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), HCL Technologies Limited (India), Cisco Systems Inc (U.S.), Computer Sciences Corporation (U.S.), Accenture (Republic of Ireland), Rackspace Inc. (U.S.), VMware, Inc. (U.S.), Oracle Corporation (U.S.), and Fujitsu Ltd (Japan). Such a variety of companies is creating a competitive market where trends are getting decided based on strategic implementations of these companies.
In July 2019, Spring Cloud announced that users who prefer release train and use IaaS will soon find their codes in the GitHub organizations. This is to simplify the work process.
The global infrastructure as a service (IaaS) market, as discussed in MRFR report, is segmented on the basis of the solution, deployment type, end-user, and verticals. Such a segmentation ensures a better peek into the market and comprehensive knowledge of what are coming next.
- Based on the solution, the global infrastructure as a service market can be segmented into high-performance computing as a service, managed hosting services, storage as a service (SaaS), network management, disaster recovery as a service, and content delivery services. The SaaS segment is gaining significant foothold in the market for a better analysis. In addition, the SaaS segment includes network attached storage and storage area network-based storage.
- Based on the deployment, the infrastructure as a service market comprises public cloud, private cloud, and hybrid cloud. The hybrid clouds segment is experiencing high demand.
- Based on the end-user, the infrastructure as a service market can be segmented into small & medium enterprises (SMEs) and large enterprises. Its installation cost could be an initial barrier for SMEs.
- Based on the verticals, the infrastructure as a service market incorporates retail & e-commerce, government & defense, IT & telecom, BFSI, healthcare, and among others. The IT & telecom segment is gaining substantial lead from the associated markets.
North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) are four regions that have been discussed in the region-specific report of MRFR on the global infrastructure as a service market. Such a specific analysis enables better unraveling of growth pockets.
North America is leading the global market as several sectors are creating a strong demand for the regional IaaS market. This is due to the advanced IT infrastructure and increasing penetration of the hybrid cloud. On the other hand, high investment capacity is also playing in favor of the regional market.
Europe is holding the second position and it is accelerating further to with the adoption of adoption of next generation of cloud-based IaaS services. Larger enterprises are providing boost to the regional market growth.
The APAC region is also showing substantial prospect for the regional market growth. The market is getting driven by China, Japan, and India. This is happening because of their high investment for industrial upliftment and it is expected to witness the highest CAGR during the forecast period.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
List of Tables
Table 1 Global Infrastructure as A Service Market: By Region, 2017-2023
Table 2 North America Infrastructure as A Service Market: By Country, 2017-2023
Table 3 Europe Infrastructure as A Service Market: By Country, 2017-2023
List of Figures
Figure 1 Global Infrastructure as a Service Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Infrastructure as a Service Market
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