Infrastructure as a service (Iaas) Market 2023 | Size to Hit US$ 331.6 Billion at a CAGR of 23.6% by 2028

According to the latest report by IMARC Group, titled "Infrastructure as a Service (IaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global infrastructure-as-a-service (IaaS) market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global infrastructure-as-a-service (IaaS) market size reached US$ 84.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 331.6 Billion by 2028, exhibiting a growth rate (CAGR) of 23.6% during 2023-2028.

Infrastructure as a service (IaaS) represents a cloud computing service that involves the use of the cloud and internet for providing infrastructural tools as well as services to enterprises. It eliminates the need for an on-site data center and gives access to the servers across geographical locations. In addition to this, infrastructure as a service enables automated deployment of servers, processing power, networking, storage, etc. It offers several benefits, including minimal costs of operation, and enhanced stability, reliability, support, etc. Consequently, IaaS is widely utilized to test and develop website hosting, storage, backup and recovery, web-based applications, big-data analysis, high-performance computing, etc.

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Global Infrastructure as a Service (IaaS) Market Trends:

The emerging trend of digitization is primarily driving the infrastructure as a service (IaaS) market. Additionally, the widespread adoption of the hybrid cloud to process data at high speed, share large amounts of information over the cloud, minimize the overall operational costs, etc., is further catalyzing the market growth. Besides this, the escalating demand for cost-effective information technology (IT) infrastructures and faster data accessibility by various industries, including healthcare, retail, banking, financial services and insurance (BFSI), manufacturing, telecommunications, etc., is acting as another significant growth-inducing factor.

Moreover, the growing utilization of disaster recovery-as-a-service (DraaS) by organizations to protect their sensitive data and restore it effectively in case of a man-made or natural disaster is also positively influencing the global market. Apart from this, extensive R&D activities in the field of wireless technology are anticipated to fuel the infrastructure as a service (IaaS) market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Amazon Web Services (AWS)
• Cisco Systems Inc.
• Computer Sciences Corporation (CSC)
• EMC Corporation
• Fujitsu
• Google LLC
• International Business Machines (IBM) Corporation
• Microsoft Corporation
• Oracle Corporation
• Profitbricks
• Rackspace Hosting Inc.
• Red Hat Inc.
• Redcentric PLC
• Vmware

Key Market Segmentation:

Breakup by Deployment Type:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Solution:

• Managed Hosting
• Disaster Recovery as a Service
• Storage as a Service
• Colocation
• Network Management
• Content Delivery
• High Performance Computing as a Service
• Others

Breakup by End-User:

• SMBs
• Large Enterprises

Breakup by Vertical:

• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Retail and E-commerce
• Government and Defense
• Energy and Utilities
• Manufacturing
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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