Infrastructure-as-a-Service (IaaS) Market
The COVID-19 pandemic boosted the Infrastructure-as-a-Service (IaaS) Market size, owing to increased adoption of cloud-computing services. The report on the global Infrastructure-as-a-Service (IaaS) Market provides qualitative and quantitative analysis for the period from 2023 to 2030. The report predicts the global Infrastructure-as-a-Service (IaaS) Market to grow with a CAGR of 22.9% over the forecast period from 2020-2026. The study on Infrastructure-as-a-Service (IaaS) Market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2023 to 2030.
The report on Infrastructure-as-a-Service (IaaS) Market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global Infrastructure-as-a-Service (IaaS) Market over the period of 2023 to 2030. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Infrastructure-as-a-Service (IaaS) Market over the period of 2023 to 2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
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Global Infrastructure-as-a-Service (IaaS) Market to Reach $430.6 Billion by 2030
In the changed post COVID-19 business landscape, the global Global Infrastructure-as-a-Service (IaaS) Market estimated at US$108.3 Billion in the year 2022, is projected to reach a revised size of US$430.6 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2022-2030. Public Cloud, one of the segments analyzed in the report, is projected to record 16.3% CAGR and reach US$154.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Private Cloud segment is readjusted to a revised 18.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $33.4 Billion, While China is Forecast to Grow at 18.5% CAGR
The Infrastructure-as-a-Service (IaaS) Market in the U.S. is estimated at US$33.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$75.8 Billion by the year 2030 trailing a CAGR of 18.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 16% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.
COVID-19 Impact Analysis
The COVID-19 pandemic boosted the IaaS market size, owing to increased adoption of cloud-computing services. For instance, according to a survey by ManageEngine, almost 97% of Indian enterprises increased their reliance on cloud technology as a result of the COVID-19 pandemic with enterprises accelerating use of solutions such as SaaS software as a service, IaaS infrastructure as a service and PaaS platform as a service. In addition, rise in deployment of hybrid cloud that is an integration of both private and public cloud acts as another growth-inducing factor. This enables organizations to process data at high-speed, share large amounts of information over cloud, and minimize the overall operational costs, which, in turn, are major factors that led the growth during COVID-19 pandemic.
Key Market Drivers
Rising demand for cheaper IT infrastructure - With the fastest scalability of cluster cloud servers, end users find Infrastructure-as-a-Service (IaaS) Market to be a significant cost-saving service where customers pay only for what they use. In addition, the end user also avoids the installation costs that would otherwise be incurred by bringing individual servers onto the network. This is the main factor that is expected to drive the growth of the index during the forecast period.
Increasing adoption of cloud service across various industry verticals - Several verticals such as banking, financial services and insurance (BFSI), healthcare, retail, manufacturing, telecommunications and IT, media and entertainment, and many more are adopting cloud services at lightning speed. In addition, the banking industry has adopted Infrastructure-as-a-Service (IaaS) Market on a large scale due to benefits such as cost savings, data protection, and disaster recovery services.
Latest technological advancements increasing penetration of cloud services- Technological improvements within side the IT zone and their programs in massive organizations and SMEs additionally create an ok area for marketplace improvement within side the evolved areas along with North America and Europe. For instance, in December 2016, American Airlines partnered with IBM Corporation to enforce Infrastructure-as-a-Service (IaaS) Market to combine and streamline its commercial enterprise processes. This strategic circulate through IBM is predicted to enhance cloud adoption most of the end-users.
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Key Market Segmentation:
The Global Infrastructure-as-a-Service (IaaS) Market by Deployment Mode
Public Cloud
Private Cloud
Hybrid Cloud
The Global Infrastructure-as-a-Service (IaaS) Market by Service
Managed Hosting
DRaaS
CaaS
DBaaS
SaaS
The Global Infrastructure-as-a-Service (IaaS) Market by End-user Industry
BFSI
IT & Telecom
Healthcare
Media & Entertainment
Retail
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key player being Amazon Web Services, Inc, Cisco Systems Inc., DXC Technology Company, Dell Technologies, Inc., Fujitsu Limited, Google LLC, International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation, Profitbricks, Rackspace Technology Global, Inc., Red Hat Inc., Redcentric plc, and VMware, Inc.
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