Infrastructure As A Service (IaaS) Market Key Players, Share, Future Perspective, Emerging Technologies And Analysis By Forecast

 Market Insight

Market Research Future said despite difficulty suppressing the new coronavirus will result in substantial economic rise for the Global Infrastructure as a Service (Iaas) Market, including a possible double-dip in economic activity. As per the analysis done on COVID-19 impact analysis, the market has the potential to show enormous growth at a rate of ~23% CAGR. With this, the market shows the capability of reaching a towering valuation of USD ~ 59 Billion by 2023. The growth period has been approximate from the years 2017 to 2023.

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Top Impacting Factors

Infrastructure as a Service is among the three chief categories in the cloud computing services, and the more services are Software as a Service and Platform as a Service. The IaaS providers also conduct the host of applications and managing system maintenance, backup and resiliency planning. The profit of using IaaS platform is scalability. With this, users can demand resources scalability as per requirement. All these factors have been liable for the market to expand in the forecast period.

The flexible nature of the technology makes Infrastructure as a Service (IaaS) a perfect match for temporary workloads, and also for workloads that are tentative in nature or change unexpectedly. Also, it is relatively effortless to automate multiple tasks, such as administrative tasks, desktop virtualization, dynamic scaling, and policy-based services. The payment terms are relatively flexible, too, as the customers have the opportunity to pay per hour week month basis. These factors have also been considered to be growth boosters for the market.

Similarly, other factors such as development in demand for low cost IT infrastructure, faster data accessibility, and a surge in cloud implementation across numerous industry verticals transformation are the decisive aspects of the climb in the market revenue of Infrastructure as a Service (IaaS) Market. There are certain restraints and challenges faced the market, which will encumber the market growth. With this, stringent regulatory agreements might hamper the IaaS market growth in the future timeframe.

Leading Segments

The study of infrastructure as a service (IaaS) market includes segmentation, which is done over the segments of deployment type, solution, end-user, and verticals. 

The solution segment is sub-segmented as storage as a service, managed hosting services, disaster recovery as a service, network management, high-performance computing as a service, and content delivery services. Among these, storage as a service is further sub-segmented into network-attached storage and storage area network-based storage. 

The deployment type market has included public cloud, private cloud, and hybrid cloud. 

The end-user segment includes SMEs and large enterprises. 

The verticals segment has included BFSI, IT & telecom, retail, healthcare, e-commerce, government & defence and among others. 

Key Players

The outstanding players in the global Infrastructure as a Service (IaaS) market include Google LLC (U.S.), Amazon Web Services Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), HCL Technologies Limited (India), Accenture (Republic of Ireland), Cisco Systems Inc (U.S.), VMware, Inc. (U.S.), Computer Sciences Corporation (U.S.), Oracle Corporation (U.S.), Rackspace Inc. (U.S.), and Fujitsu Ltd (Japan).

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Regional Segmentation

The study of global infrastructure as a service (IaaS) market has covered across regions including Asia Pacific, Europe, North America, and Rest of the World.

North America IaaS market led the global demand owed to the incidence of extensive IT infrastructure, thus mounting the demand for IaaS. Innovations in software development and the introduction of several cloud-based solutions can be accredited to the market ascendancy in this region. 

The Asia Pacific is proposed to witness a noteworthy growth rate over the anticipated period and is likely to lead the infrastructure as a service market over the assessment period.

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