Global Infrastructure as a Service (IaaS) Market Share Is Expected to Grow At A CAGR Value Of Around 25.35% By 2030

10-Feb-2023 | Facts and Factors

According to Facts and Factors, the global infrastructure as a service (IaaS) market size was worth around USD 51.31 billion in 2021 and is predicted to grow to around USD 482 billion by 2030 with a compound annual growth rate (CAGR) of roughly 25.35% between 2022 and 2030.

Global Infrastructure as a Service (IaaS) Market

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Infrastructure as a service (IaaS) is a cloud computing business model that provides computing services to its clients over the internet at a charge depending on the service procured and its duration. IaaS, in most cases, uses technologies like Apache CloudStack, OpenStack, or OpenNebula which are cloud orchestration technologies. IaaS is sometimes also referred to as Hardware as a Service (HaaS) and allows customers to outsource information technology (IT) infrastructure including networking, servers, virtual machines, storage, processing, and any other resource. Clients can access these outsourced resources with the help of the internet and on a pay-per-use model.

Browse the full “Infrastructure as a Service (IaaS) Market Size, Share, Growth Analysis By Industry Vertical (Healthcare, BFSI, Telecom & IT, Manufacturing, Retail, Media & Entertainment, Government & Education, E-commerce, and Others), By Component Type (Network, Storage, Compute, and Others), By Enterprise Size (Small & Medium Size Enterprises and Large Enterprises), By Deployment Type (Public, Private, and Hybrid), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/infrastructure-as-a-service-iaas-market

The global IaaS (infrastructure as a service) market is projected to grow owing to the several advantages of the technical services rendered by these systems. A growing number of start-ups that may not have the funds required to set up an internal IT infrastructure could lead to higher revenues during the forecast period. India has an active start-up list of more than 38,000 new companies that are contributing toward the internet revolution in the country. Service providers are constantly working toward upgrading their systems and meeting client expectations which could act as a major growth propeller.

For instance, some features of the Amazon EC2 apart from the general purpose uses are its memory optimization, compute optimization, accelerated computing instances, and the optimization of storage. With the use of IaaS, clients can dynamically change or scale the service configurations depending on the real-time necessity which is a major area of concern in traditional IT outsourcing measures which necessitates the users to pay set even when the services were not being completely utilized. Additionally, aspects of IaaS like a decrease in capital expenditure, increase in performance, higher flexibility & scalability along with better technical support for data recovery are factors that are expected to positively influence the IaaS industry expansion.

However, there are certain aspects of the services that require better resolution for the global IaaS market to reach its true potential. Some of these issues are related to security and scenarios involving technical problems. In a given IaaS environment, the clients have no control over cloud security measures and have to rely completely on the service providers. In case of downtime at the IaaS region, the client’s access to data and information gets restricted. Other factors like the lack of a supportive ecosystem and mature service providers could also challenge the global market growth.

The increasing digitization could provide growth opportunities while the integration problem may act as a major challenge for market growth.

Global Infrastructure as a Service (IaaS) Market

Segmental Overview

The global infrastructure as a service (IaaS) market is segmented based on industrial vertical, component type, enterprise size, deployment type, and region

Based on component type, the global market is divided into network, storage, compute, and others

  • In 2021, the global market was dominated by the compute segment and is expected to follow the same trend during the forecast period with the storage segment following in the second position
  • Providers of compute services act as suppliers of virtual storage units and server instances to the clients. They also provide application programming interfaces (APIs) which are essential for migrating data to the virtual machine
  • In June 2017, Microsoft announced the expansion of disk sizes with the maximum range reaching 4095 gigabytes from 1024 gigabytes for Azure IaaS virtual machines

Based on industry vertical, the global market is divided into healthcare, BFSI, telecom & IT, manufacturing, retail, media & entertainment, government & education, e-commerce, and others.

Based on enterprise size, the global market is divided into small & medium size enterprises and large enterprises.

Based on deployment type, the global market is segmented into public, private, and hybrid

  • During the projection period, the demand for hybrid models is expected to reach new heights. This is driven by the limitations posed by private and public models in terms of data security
  • The segmental growth is expected to be further propelled by the rise in business-related data in IT and Telecom companies further encouraged by the growing number of data centers
  • Azure licensing allows 2 sessions simultaneously

Regional Overview

North America is projected to lead the global infrastructure as a service market majorly strengthened by the presence of key market players that have a presence across the globe. Growth in Europe is anticipated to be driven by the growing number of businesses leveraging the benefits of IaaS services along with the emergence of multiple domestic players providing cost-effective solutions. Asia-Pacific is set to register the fastest CAGR during the forecast period owing to the growth in the e-commerce segment, one of the largest consumers of IaaS services along with rising investments in the IT and Telecom sector of countries like India, China, and Japan along with the emergence of local IT infrastructure providers catering to the growing demand of fast-paced economies.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 51.31 Billion

Projected Market Size in 2030

USD 482 Billion

CAGR Growth Rate

25.35% CAGR

Base Year

2021

Forecast Years

2022-2030

Key Market Players

Bausch Health Companies Inc., Amgen Inc., Bristol-Myers Squibb Company, AbbVie Inc., UCB S.A, Johnson & Johnson Services, AstraZeneca PLC, Eli Lilly and Company Inc., Pfizer Inc., and Celgene Corp., and Others

Key Segment

By Route Of Administration, Drug Class, Distribution Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Landscape

The global infrastructure as a service (IaaS) market is dominated by players like Amazon Web Services, Inc., Fujitsu Ltd., Dimension Data Plc, Hewlett-Packard Development Company, Rackspace, Inc., Oracle Corporation, Computer Sciences Corporation (CSC), Dell EMC, Google Inc., IBM Corporation, Alibaba Group Holding Limited, Rackspace Hosting Inc., EMC Corporation, Redcentric plc., Red Hat Inc., Cisco Systems Inc., Profitbricks, Profitbricks Inc., Microsoft Corporation, Mindtree Pvt. Ltd., and VMware, Inc.

Recent Developments:

  • In December 2022, Alibaba Cloud, Asia-Pacific’s largest provider of cloud services, announced a partnership with Avalanche. The partnership will help Alibaba Cloud to upgrade its cloud node as a service pursuit. The partnership was announced on Twitter by Avalanche where the integration is expected to help developers launch validator nodes using the services of Alibaba Cloud
  • In November 2022, Amazon Web Services, Inc. (AWS) and Atos entered a global Strategic Transformation Agreement which is expected to act beneficial to the customers of Atos by providing them infrastructure outsourcing contracts that will accelerate digital transformation and cloud migration

The global infrastructure as a service (IaaS ) market is segmented as follows:

By Industry Vertical

  • Healthcare
  • BFSI
  • Telecom & IT
  • Manufacturing
  • Retail
  • Media & Entertainment
  • Government & Education
  • E-commerce
  • Others

By Component Type

  • Network
  • Storage
  • Compute
  • Others

By Enterprise Size

  • Small & Medium Size Enterprises
  • Large Enterprises

By Deployment Type

  • Public
  • Private
  • Hybrid

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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