Press release
Infrastructure as a service (IaaS) Market Trends, Top Companies, Share, Growth And Forecast 2033
Infrastructure as a service (IaaS) Market
The Business Research Company offers in-depth market insights through Infrastructure as a service (IaaS) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The infrastructure as a service (iaas) market size has grown rapidly in recent years. It will grow from $94.85 billion in 2023 to $108.34 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to evolving workforce dynamics, rise of devops and agile practices, strategic shift to outsourced it infrastructure, globalization and market expansion, disaster recovery and business continuity.
The infrastructure as a service (iaas) market size is expected to see rapid growth in the next few years. It will grow to $212.34 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to digital transformation initiatives, enhanced security measures, focus on sustainable infrastructure, hybrid and multi-cloud adoption, ai and machine learning integration. Major trends in the forecast period include serverless computing adoption, containerization and kubernetes, edge computing infrastructure, artificial intelligence (ai) integration, software-defined infrastructure (sdi).
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Market Segmentation:
The infrastructure as a service (iaas) market covered in this report is segmented -
1) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud
2) By Application: Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS)
3) By End User: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Education, Healthcare, IT And Telecom, Retail, Manufacturing, Media And Entertainment, Other Industry Verticals
Sub-Segements : Rechargeable, Non-Rechargeable
Major Driver - Small And Medium-Sized Businesses Fueling The Growth Of Infrastructure As A Service (IAAS) Market
A rise in number of the small and medium-sized businesses is expected to propel the growth of the infrastructure as a service (IaaS) market going forward. Small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. IaaS providers handle all of the infrastructure components, which reduces maintenance and upgrade costs for SMBs. For instance, according to the U.S. Small Business Administration (SBA), a US-based government agency, small businesses make up 99.9% of all businesses in the United States. In 2021, there were 31.7 million small businesses in the United States, which accounted for 64.2% of net new private-sector jobs created from 2010 to 2021. Thus, a rise in number of the small and medium-sized businesses is driving the growth of the infrastructure as a service (IaaS) market.
Competitive Landscape:
Major companies operating in the infrastructure as a service (iaas) market report are Alphabet Inc., Google Inc., Microsoft Corporation, Alibaba Group Holding Limited, Dell Technologies Inc., Tencent Holdings Limited, Amazon Web Services Inc.., International Business Machines Corporation, Cisco Systems Inc.., Oracle Corporation, Fujitsu Limited, Hewlett Packard Enterprise Company, Savvisa Century Link Company, DXC Technology Company, Vmware Inc., Alibaba Cloud Inc., RedHat Inc., Rackspace Technology Inc., Nutanix Inc., IONOS Cloud Inc., Joyent Inc., Redcentric plc, Linode LLC, MapR Technologies Inc., Mesosphere Inc., ProfitBricks Inc., Mirantis Inc., EMC Corporation, Micronaut Foundation, OpenStack Foundation.
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Top Trend - Ibm's Watson Aiops Revolutionizes It Anomaly Detection And Response
Major companies operating in the infrastructure as a service market are developing innovative products such as Watson AIOps to self-detect, diagnose and respond to IT anomalies. Watson AIOps is an AIOps platform and IT operations management solution that lets IT operators place AI at the core of their ITOps toolchain. For instance, in September 2022, IBM, a US-based technology company launched Watson AIOps. Watson AIOps uses traceable AI to help teams and stakeholders trust AI-powered recommendations and insights for their mission-critical workloads. Watson AIOps provides clear, succinct recommendations and actions to help teams find solutions fast.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Infrastructure as a service (IaaS) Market Characteristics
3. Infrastructure as a service (IaaS) Market Trends And Strategies
4. Infrastructure as a service (IaaS) Market - Macro Economic Scenario
5. Infrastructure as a service (IaaS) Market Size And Growth
…..
27. Infrastructure as a service (IaaS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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