Global Infrastructure as a Service Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Infrastructure as a Service Market size was estimated at USD 54.1 Billion in 2021 and is expected to reach USD 69.2 billion in 2022 and is expected to hit around USD 485.5 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 28.1% from 2022 to 2030.

Our recently published report, "Infrastructure as a Service Market," offers a comprehensive and deep evaluation of the market's stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.

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Infrastructure as a Service Market: Overview

Businesses can rent servers in the cloud for computation and storage using the infrastructure as a service (laaS) model of cloud computing. An example of cloud management is infrastructure as a service, which offers resources for computing through the internet. The service provides information about backup, replication, and recovery, as well as log access, security, load balancing, clustering, pricing, and monitoring.

Organizations are more likely to select infrastructure as a service (IaaS) since it is much more cost-effective than purchasing, operating, and maintaining infrastructure. In addition, users may run any operating system or application on rented servers thanks to laaS, which frees them from having to cover server maintenance and operation costs.

As a result, the global infrastructure market is expanding due to rising demand for low-cost IT infrastructure and quicker data accessibility. The laaS market's expansion is also favorably impacted by an increase in cloud use across many industrial verticals.

Infrastructure as a Service Market: Growth Drivers

It is anticipated that more enterprises will embrace infrastructure as a service (IaaS) due to the growing volume of financial and corporate information and other essential data in various IT industries. The main goal of numerous agencies has been to lower the cost of managing their IT infrastructure and to concentrate more on their core functions.

Increased accessibility, sophisticated working environments, growing mobility, and the rise of digitalization in many corporate sectors are all results of technological advancements. The main driving forces behind the market's expansion are the ease of implementation, adaptability, and scalability of services.

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End customers consider laaS a substantial cost-saving since pooled cloud servers have the most responsive scalability feature. The client is only charged for what is actually used. The end users save the money that would have been spent on creating separate servers. This crucial element will likely fuel the IaaS market's growth for the predicted year.

Infrastructure as a Service Market: Key Insights

A) The compute segment is estimated to hold the largest market share during the forecast period based on component segmentation.
B) Based on deployment segmentation, the public cloud segment is the leading revenue-generating category during the forecast period.
C) Based on industry segmentation, the IT and telecommunication segment is the leading revenue-generating category during the forecast period.
D) Based on geography/region, the North American area was the leading revenue generator in 2021.

Infrastructure as a Service Market: Recent Development

1) May 2021: A secure managed private cloud architecture was adopted by Brooks Macdonald, a UK-based and global supplier of investment management services, thanks to Rackspace Technology, a top provider of end-to-end multi-cloud technology solutions.

2) August 2020: VMware, Inc., a pioneer in corporate software, launched the most recent iterations of VMware Fusion and VMware Workstation desktop hypervisor solutions. By expanding the tools often used to streamline processes and increase the capabilities of virtual machines (VMs), VMware's improvements suit the evolving demands of modern developers by enabling container-based applications managed by Kubernetes.

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Infrastructure as a Service Market: Regional Landscape

Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. One of the biggest markets for IaaS is the US.

It is a valuable center for market innovation because it is home to numerous significant IaaS businesses. For example, Amazon Web Services, Inc., an essential player in the North American IaaS industry, is investing substantially in local solutions.

Infrastructure as a Service Market: Prominent Players

Amazon Web Services Inc.
Computer Sciences Corporation (CSC)
Fujitsu
Alibaba Group Holding Limited
Dell EMC
Google Inc.
IBM Corporation
EMC Corporation
Oracle Corporation
Rackspace Hosting Inc.
Red Hat Inc.
Redcentric plc.
VMware Inc.
Profitbricks
Cisco Systems Inc.
Microsoft Corporation
Hewlett Packard Enterprise
Profitbricks Inc.
Mindtree Pvt. Ltd.

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The Infrastructure as a Service market is segmented as follows:

By Component

Storage
Network
Compute
Others

By Deployment

Private
Public
Hybrid

By Industry

BFSI
Government & Education
Healthcare
Telecom & IT
Retail
Manufacturing
Media & Entertainment
Others

On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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