The market value of infrastructure as a service market is predicted at USD 72.81 billion in the year 2024, which is expected to increase the growth by USD 206.66 billion by the end of 2029 with a compound annual growth rate of 23.2% during the forecast period. Therefore, the infrastructure as a Service market value is expected to increase more during the forecast period.
It is a cloud computing service where the enterprise lease servers for computing and storage in the cloud. These online services offer high-level APIs such as physical computing resources, location, security and backup, scaling, and data partitioning. By infrastructure as a service, the users can run any type of operating system or application on the leased servers without these servers' operating and maintenance costs.
Another major driving factor of the infrastructure as a Service market was increasing digitization among the organizations and economies propels the growth of revenue of infrastructure as a Services market.
Increasing government initiatives to encourage the adoption of the internet and other advanced technologies in the developed economies are some of the growth-supporting factors of the infrastructure market as a Service revenue rate. Another major growth driving factor of the infrastructure as a Service market was the increasing demand for organizations to reduce the IT burden and lower the costs incurred in deploying centers and hiring skilled resources to manage the IT infrastructures.
Technological advancements, ease of deployment, flexibility, scalability of services, an increasing amount of financial and business information, and other critical data in various IT sectors are also some of the major driving factors which promote the growth of the market of infrastructure as a Service revenue rate during the forecast period.
Data and privacy concerns over the private cloud, deployment is one of the major restraints that hinder the infrastructure's growth as a Service Market. Stringent government regulations are also one of the major restraints that hinder the infrastructure's growth as a Service Market. Another major restraint that affects the growth of the market was the lack of security standards.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
23.2% |
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Segments Covered |
By Solution, Deployment Type, End User, Vertical, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc., Alibaba Group Holding Limited, Dell EMC, Google LLC, Rackspace Hosting, Inc., Red Hat, Inc., Redcentricplc., and Hewlett Packard Enterprise and Others. |
the infrastructure as a Service market is segmented into Storage as a Service, Colocation, Network management, Managed Hosting, Disaster Recovery as a Service, Content delivery, High-Performance Computing as a Service. Among these segments, the storage as a service solution segment holds the major share of the market among the others and is expected to hold dominance during the forecast period.
the infrastructure as a Service market is segmented into public cloud, private cloud, and hybrid cloud. Among these segments, the private cloud deployment type segment holds the major share of the market and is expected to hold dominance during the forecast period.
the infrastructure as a Service market is segmented into SMBs and enterprises. Among these segments, the SMBs segment holds the major share of the market since these technologies are supported by IaaS solutions which allow the users to connect from any location and providing many benefits such as increased productivity, reduced IT, operational costs.
the infrastructure as a Service market is segmented into IT and telecom, Banking, Financial Services and Insurance, Healthcare, retail and e-commerce, government and defense, energy and utilities, manufacturing, and other verticals. Among these segments, the IT and telecom segment holds the major share of the market due to the increased volume of business data in such verticals and the concerns related to security.
North America region holds the major share of the market due to the factors such as the existence of major infrastructure as a service vendor in developing economies such as the United States, and Canada helps the growth of the market of infrastructure as a Services in North America region. Furthermore, increasing investments by the major key players across the region is also one of the major driving factors that propel the growth of the infrastructure market as a service in the North American region. Therefore, this North American region is expected to hold dominance during the forecast period.
Asia Pacific region holds the second-largest share of the infrastructure market as a Service owing to the increasing of digitalization trends, adoption of the internet, and increasing adoption of smart devices, which is helping the market of infrastructure as a Service to grow further in Asia Pacific region.
Europe region is expected to increase the market value of infrastructure as a Services owing to the increasing number of SMBs demanding enterprise-level computing capabilities at low cost propels the growth of the market in the Europe region.
Some of the key market players of infrastructure as a Service market are International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc., Alibaba Group Holding Limited, Dell EMC, Google LLC, Rackspace Hosting, Inc., Red Hat, Inc., Redcentricplc., and Hewlett Packard Enterprise.
By Solution
By Deployment Type
By End-user
By Vertical
By Region
Frequently Asked Questions
The key drivers include the increasing adoption of cloud services, the need for cost-effective and scalable computing solutions, the rise of big data and analytics, advancements in IoT, and the growing demand for disaster recovery and business continuity solutions.
Key challenges include data security and privacy concerns, managing multi-cloud environments, ensuring compliance with various international regulations, integrating with existing IT systems, and controlling costs associated with cloud usage.
The regulatory environment significantly impacts the IaaS market as providers must comply with various international data protection laws, such as GDPR in Europe, HIPAA in the US, and other country-specific regulations. Compliance requirements can affect service deployment and data storage practices.
Key trends include the rise of hybrid and multi-cloud strategies, increased focus on AI and machine learning integration, enhanced security features, the growing importance of edge computing, and the shift towards serverless architectures.
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