Press release
Infrastructure as a Service Market : Big Players Focusing On Product Advancements For Business Expansion 2023
Infrastructure-as-a-Service (IaaS) are a type of "cloud computing" supplying Cloud Service Provider (CSPs) in the virtualized environment based on the underlying bundle of physical resources such as servers, network connections, load balancers and bandwidth. Due to the increased volume of business and financial data and other important information among businesses in different vertical systems, organizations adopt IaaS solutions.
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Due to demand for the security and storage of business data in BFSI, IT and Telecom industries, global IaaS market size will be expected to grow over the forecast timeline. The global Iaas market growth may be greatly propelled by the integration of technologically advanced technologies combined with the increasing demand in companies. The storage of all information at one location makes organizations vulnerable to unforeseen mistakes or data theft. In comparison to other technologies such as public cloud, hybrid cloud architecture reduced risks related to data volume or loss in any unwanted situation.
In turn, despite its high implementing cost, it has led to increased adoption of private platform implementations in the safest mode of cloud deployment. Due to the increased demand for this service from small and medium-sized companies (SMBs) and start-ups, public cloud is expected to see significant growth during the predicted period. These services are cost-effective and provide end users with high operating efficiency. The high utilization of these applications is expected in the years to come to boost the global infrastructure-as-a-service market.
Report Highlights
The global market for infrastructure as a service (IaaS) should grow from $31.1 billion in 2018 to reach $97.6 billion by 2023 at a compound annual growth rate (CAGR) of 25.7% for the period of 2018-2023.
Summary
Due to the cost-effectiveness of cloud-based services and the increasing amount of data generated by daily business operations, the adoption of storage as a service (SaaS), and DRaaS and backup services is increasing among organizations. These services enable organizations to store data safely while ensuring business continuity. This reliance is driving the adoption of IaaS, globally. Furthermore, increasing demand for big data analytics, more SMBs creating new business avenues, cost reduction and increasing business agility are other factors driving revenue in the global IaaS market.
The global market for IaaS solutions implemented via public cloud environments across different industry verticals was valued at REDACTED in 2017 and is estimated to grow at a compounded annual growth rate (CAGR) of REDACTED to reach REDACTED by 2023.
Report Scope:
This study includes detailed analysis of key trends and other market information regarding IaaS technology and its various segments. It provides global market size, future growth and revenue prospects for various segments and subsegments through 2023. The IaaS markets core segment is composed of key enterprise applications or software, hosted and delivered by cloud service providers (CSPs) or managed service providers (MSPs) through various cloud deployment modespublic, private and hybrid cloud.
The IaaS market is segmented by application type: managed hosting, storage as a service (SaaS), disaster recovery as a service (DRaaS) and backup, compute as a service (CaaS), network as a service (NaaS), content delivery services (CDS) and high-performance computing as a service (HPCaaS).
The market is also segmented into large enterprises and small and medium businesses (SMBs) based on the adoption of the IaaS delivery model for different sized organizations in various verticals. The IaaS market is segmented by verticals including Banking Financial Services and Insurance (BFSI), retail and e-commerce, Information Technology (IT) and telecom, media and entertainment, healthcare, the public sector, discrete manufacturing and others including travel and hospitality, utilities (energy and power, oil and gas, water management, etc.) and aerospace and defense. Furthermore, the geographical analysis includes an assessment of major driving factors, trends and revenue forecasts for some of the major countries in the regions of North America, Europe, Asia-Pacific (APAC) and the rest of the world (ROW) including the Middle East and Africa (MEA) and Latin America.
This report includes company profiles and competitive analysis of key IaaS vendors accounting for the majority of market share. The companies profiled includes Alibaba, Amazon, Alphabet Inc., IBM, Microsoft, Oracle, Rackspace, Cisco, HP, VMware and others.
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Report Includes:
- 35 data tables and 20 additional tables
- Descriptive overview of the global market for Infrastructure as a Service (IaaS)
- Analyses of global market trends with data from 2017, 2018 and projections of compound annual growth rates (CAGRs) through 2023
- Assessment of the global IaaS market data by various enterprise computing infrastructure applications, deployment model, organization size, and geographical region
- Detailed analysis of key drivers, challenges, restraints, and opportunities in the market ecosystem
- Information on various applications of IaaS technology provided by the market vendors and their key segments including organization size, industry verticals and geographies
- Comprehensive company profiles of major players within the market, including Amazon Web Services, Cisco Systems, Inc., International Business Machines Corp. (IBM), Microsoft Corp. and Oracle Corp.
Mr. Nachiket Ghumare,
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