iCrowd Newswire – Jul 14, 2020
The Global Infrastructure as a Service Market is estimated to grow at a CAGR of 23.2% during the forecast period 2020-2027. As per the detailed market study, the global market study was $38.94 billion in the year 2019 and is anticipated to reach $201.83 billion by the end of the year 2027.
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Infrastructure as a Service is a cloud computing service where organizations and enterprises lease servers for storage and compute in cloud. These types of services offer high-level APIs to dereference various low-level details of underlying network infrastructure such as backup, security, location, scaling, data partitioning and computing resources.
The Infrastructure as a Service Market is driven by various growth factors such as increase in demand for fast data accessibility and low-cost IT infrastructure and growth in adoption of cloud across various industry verticals. However, security issues related to private cloud deployment may hamper the market growth over to some extent. On contrary, increase in cloud adoption among small & medium enterprises (SMEs) will offer lucrative opportunities for the market players operating in the global infrastructure as a service market.
Segmentation Overview of the Global Infrastructure-as-a-Service (IaaS) Market
The Global Infrastructure-as-a-Service (IaaS) Market is categorized on the basis of various segments such as component type, industry vertical, user type and deployment model. These market segments are further categorized into various sub-segments to study the market in detail considering various market determinants and geographical dynamics.
The Component Type Segment of the Global Infrastructure-as-a-Service (IaaS) Market is Sub-Segmented into:
The Deployment Model Segment of the Global Infrastructure-as-a-Service (IaaS) Market is Sub-Segmented into:
The User Type Segment of the Global Infrastructure-as-a-Service (IaaS) Market is Sub-Segmented into:
- Small and Medium Enterprises
- Large Enterprises
The Industry Vertical Segment of the Global Infrastructure-as-a-Service (IaaS) Market is Sub-Segmented into:
- Media & Entertainment
- Telecom & IT
- Government & Education
Competitive Insights of the Global Infrastructure-as-a-Service (IaaS) Market
Hewlett Packard Enterprise, Redcentric plc, Alibaba Group Holding Limited, Rackspace Hosting, Inc., Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, Google LLC, Dell EMC and Amazon Web Services, Inc. are some major players included in the research study of the global infrastructure as a service (IaaS) market. The market players are adopting various competitive strategies to withhold majority of the market share in the global marketplace.
Geographical Overview of the Global Infrastructure-as-a-Service (IaaS) Market
The North America infrastructure as a service market dominated the global marketplace with ~2/5th of the market share in the year 2019. The regional market dominance is attributed to high ICT expenditure in the region, awareness related to advantages of cloud services and presence of market players that offers advanced solutions. Similarly, the Asia-Pacific infrastructure as a service market is estimated to grow at a CAGR of 26.5% during the forecast period. The regional market growth is attributed to role of the telecom companies in the region by taking the approach of partnering with various cloud service providers. Regional market players have realized the importance of strengthening the overall cloud infrastructure to ensure low-cost networking, easy accessibility, storage solution, virtual data centres and servers of virtual computing from any location and device.
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Keywords: Infrastructure as a Service Market