Infrastructure as a Service (IaaS) Market Size is Booming with a CAGR of 24.9% by 2032

According to the report by Expert Market Research (EMR), the global infrastructure as a service (IaaS) market size is projected to expand at a CAGR of 24.9% between 2024 and 2032. Aided by the cost effectiveness of the cloud-based services and the rising quantity of data generated by daily business operations, the market is expected to grow significantly by 2032.

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IaaS can be understood as a cloud-based service that provides virtualised computing resources over the internet. This model negates the need for businesses to invest heavily in physical infrastructures, as they can outsource the essential computing resources such as virtual machines, storage, and networking. The driving principle behind IaaS is flexibility, scalability, and the dynamic allocation of resources, ensuring that businesses can adapt quickly to changing demands without the constraints of physical infrastructure.

A primary force boosting the infrastructure as a service (IaaS) market growth is the growing need for enterprises, both large and small, to achieve agility and scalability in their operations. In the modern digital landscape, the ability to swiftly adapt to market fluctuations, technological innovations, and changing consumer behaviours is pivotal. IaaS, with its scalable resources and pay-as-you-go model, provides businesses with the agility required to stay competitive in such dynamic environments.

Growing inclination towards hybrid cloud solutions is one of the major infrastructure as a service (IaaS) market trends. Companies are increasingly leveraging a combination of private and public cloud environments to achieve a balanced mix of security, scalability, and cost-effectiveness. By doing so, businesses can optimise their workloads, ensuring that mission-critical applications remain on-premises, while scalable, less-sensitive tasks are sent to the public cloud.

The growing digital transformation wave is substantially bolstering the infrastructure as a service (IaaS) market demand. As organizations realise the inherent limitations of traditional IT setups and the need to harness the power of big data, AI, and IoT, the shift to IaaS becomes an essential choice. The service model offers a pathway to enter advanced technological infrastructures without the need for vast capital expenditures.

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The infrastructure as a service (IaaS) market analysis highlights that North America accounted for a large market share, given its technological maturity and the presence of industry giants. However, regions like the Asia Pacific are catching up at an accelerated pace due to rapid industrialisation, digitalisation of SMEs, and government initiatives supporting cloud adoption.

Market Segmentation

The market can be divided based on component, company size, service, application, and region.

Market Breakup by Component

Private Cloud IaaS Implementation Model
Public Cloud IaaS Implementation Model
Hybrid Cloud IaaS Implementation Model

Market Breakup by Company Size

Large Enterprises
Small and Medium Enterprises

Market Breakup by Service

Disaster Recovery as a Service (DRaaS)
Compute as a Service (CaaS)
Storage as a Service (STaaS)
Data Centre as a Service (DCaaS)
Desktop as a Service (DaaS)
Application Hosting as a Service

Market Breakup by Application

BFSI
IT and Telecom
Media and Entertainment
Healthcare
Manufacturing
Transportation
Consumer Goods
Retail
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global infrastructure as a service (IaaS) market. Some of the major players explored in the report by Expert Market Research are as follows:

Fujitsu Limited
Oracle Corporation
Microsoft Corporation
Cloudflare, Inc.
Lumen Technologies, Inc.
DXC Technology Company
Virtustream LLC
IBM Corporation
NTT Communications Corporation
Amazon Web Services, Inc.
VMware, Inc.
Google LLC
Others

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