COVID-19 Impact on Infrastructure as a service (IaaS) Market Forecast from 2020-2026, Says QYR

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the IaaS market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

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This report also analyses the impact of Coronavirus COVID-19 on the IaaS industry.
Infrastructure-as-a-Service, commonly referred to as simply "IaaS," is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumers on-demand, over the internet.

Based on our recent survey, we have several different scenarios about the IaaS YoY growth rate for 2020. The probable scenario is expected to grow by a 26.3% in 2020 and the revenue will be US$ 52.3 billion in 2020 from US$ 41.4 billion in 2019. The market size of IaaS will reach US$ xx in 2026, with a CAGR of xx% from 2020 to 2026.

Cloud computing has many advantages, and its acceptance on the demand side is also high. On the other hand, the penetration rate of China and even the global cloud computing industry is still very low. According to IDC data, the current global cloud computing penetration rate is still less than 10%. As a part of cloud computing, IaaS has great development prospects in the future.

Generally speaking,consumers can obtain services from the complete computer infrastructure through the Internet. Such services are called infrastructure as a service (IaaS). Internet-based services such as storage and databases are part of IaaS. Other types of services on the Internet include Platform as a Service (PaaS) and Software as a Service (SaaS). PaaS provides complete or partial application development that users can access, and SaaS provides complete ready-to-use applications, such as managing enterprise resources via the Internet. It is not difficult to see that IaaS is the cornerstone of cloud computing and the most basic requirement for cloud computing.

CR3 = 58.5% in the Chinese market, showing an oligopolistic competition pattern. According to the latest data from China Academy of Information and Communications Technology in May 2019:

Alibaba Group, China Telecom, and Tecent occupy the top three in China's public cloud IaaS market (total 58.5% market share), with market shares of 36.0%, 11.6%, and 10.9%, respectively. They are in the first echelon of China's public cloud IaaS market.

Sinnet, UCloud and Kingsoft do not have a large market share difference. The three have a total market share of 12.4%, and are in the second echelon of the Chinese public cloud IaaS market.

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This release was published on openPR.