Global Cloud Infrastructure as-a-Service Market 2020 growing at a CAGR of ~ 20.5% by end 2025 | Based on Organization, Type, Applications

Infrastructure-as-a-Service (IaaS), also known as Hardware-as-a-Service (HaaS), is a form of cloud computing service model that provides virtualized computing resources over the internet. It provides public and private storage and data centre space and servers or network component. It is one of the four main fundamental models of cloud computing, besides Private-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Serverless. The rise in demand for Infrastructure-as-a-Service for disaster recovery plans and for reducing investment in IT Infrastructure and skilled resources is one of the important factors that is driving the demand for cloud Infrastructure-as-a-Service systems.

The global cloud infrastructure-as-a-service market was valued at USD XX Bn in 2018 and is expected to reach USD Bn by 2026, growing at a CAGR of 20.5% during the forecast period.

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Based on Type:
The market has been segmented into Computing as a Service, Storage as a Service, Disaster Recovery and Backup as a Service, Networking as a Service, and others. The other segment includes managed hosting and desktop as a Service. The storage-as-a-Service segment is expected to hold the largest share in the market during the forecast period. Industries across all sizes are using cloud infrastructure services for reducing the cost of server space, increasing proficiency, and for remotely accessing data. The growing use of Storage-as-a-Service as a central part of business process, owing to its flexibility, low operating cost, and ease of use, is expected to fuel the demand for cloud Infrastructure-as-a-Service.
Based on Applications, the IT & Telecom segment is anticipated to have the highest share in the market during the forecasted period.

For More Details-
https://marketersmedia.com/cloud-infrastructure-as-a-service-market-growing-at-a-cagr-of-205-during-2020-2025-global-based-on-organization-type-applications/88942195

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