A recent report published by Infinium Global Research on the infrastructure as a service (IaaS) market provides an in-depth analysis of
segments and sub-segments in the global as well as regional infrastructure as a
service (IaaS) market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional infrastructure as a
service (IaaS) market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
infrastructure as a service (IaaS) market. According to the report, the global
infrastructure as a service (IaaS) market is projected to grow at a CAGR of
22.9% over the forecast period of 2020-2026.
Infrastructure as a service is a form of cloud management that
delivers resources over the internet for computing. The service provides
information such as log access, security, load balancing, and clustering,
billing, monitoring as well as backup, replication, and recovery.
Infrastructure as a service (IaaS) is significantly more cost-efficient in
comparison to buying, managing, and supporting infrastructure and therefore
organizations are inclined to choose this service. The uniqueness of
service-provision within the domain of infrastructure as a service (IaaS) has
played a significant role in market growth. The introduction of infrastructure
as a service (IaaS) revolutionized the growth of numerous companies that lacked
hardware and software capabilities.
The disaster recovery implementation, the total implementation of
bringing your own device service (BYOD), and the improved implementation and
accessibility of the system are the factors that drive the growth of the
infrastructure as a service (IaaS) market. Furthermore, the increased cloud
adoption across industries is one of the major factors driving the
infrastructure as a service market growth over the projection period. On the
other hand, the high cost of technology and the concerns for cloud security are
the aspects that restrain the infrastructure as a service market from growth.
In addition, the growing demand for the cloud-based infrastructure across enterprises
is likely to offer lucrative opportunities for the market to grow over the
forecast period. Moreover, the current concern over the spread of coronavirus
is also anticipated to have a positive impact on the infrastructure as a
service (IaaS) market. The data center and communications infrastructure
industry is projected to be more floating with continued strategic investments
made to support the augmented network traffic and data usage for remote working
during the lockdown phase compare to its associated industries such as consumer
electronics and semiconductors. From governments using business analytics
services (Power BI) for communicating virus updates to the school cessations
demanding students to the usage of virtual offerings (Google Classroom) the
demand for communication services and associated infrastructure has observed an
extraordinary upsurge amidst the global epidemic.
Among the geographies, North America region is expected to hold
the largest share in the global Infrastructure as a Service (IaaS) market as
countries such as the U.S. and Canada are the front-runners of the adoption of
novel technology. Furthermore, factors such as the presence of large IT
infrastructure thereby increasing the demand for IaaS has accelerated the growth
of the Infrastructure as a Service (IaaS) market in the North American region.
Moreover, innovations in software development and the launch of numerous
cloud-based solutions can be attributed to market dominance in the North
America region. However, the Asia Pacific region is expected to witness high
growth during the forecast period owing to the increasing security and
compliance requirements among industries in the region.
The report on the global infrastructure as a service (IaaS) market covers
segments such as deployment mode, service, and end-user industry. On the basis
of deployment mode, the sub-markets include public cloud, private cloud, and
hybrid cloud. On the basis of service, the sub-markets include managed hosting,
DRaaS, CaaS, DBaaS, and SaaS. On the basis of end-user industry, the
sub-markets include BFSI, IT & telecom, healthcare, media &
entertainment, and retail.
The report provides profiles of the companies in the market such
as Amazon Web Services (AWS), Microsoft Corporation, International Business
Machines (IBM) Corporation, CA Technologies, Rackspace Hosting, Inc., Computer
Sciences Corporation (CSC), Vmware, Profitbricks, Cisco Systems, Inc., and
Fujitsu Ltd.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of infrastructure
as a service (IaaS) market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.