Press release
Current Trends and Future Growth of Infrastructure-as-a-Service Market
IaaS Market Study
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Infrastructure-as-a-Service (IaaS) Market is projected to reach $92,075 million by 2023, growing at a CAGR of 25.3% from 2017 to 2023. The global IaaS market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in enterprise mobility and extensive wireless connectivity have contributed to the growth of the IaaS in the North America and Europe. However, LAMEA is expected to hold less market share in IT infrastructure and technology as compared to other regions. The Middle East and Africa are expected to gain traction, but the growth would be stable during the forecast period.
Global Infrastructure-as-a-Service (IaaS) market segmentation
The global IaaS market is segmented based on component type, deployment model user type, industry vertical, and geography. Based on component type, it is classified into storage, network, compute, and others. Considering deployment model, it is divided into private, public, and hybrid models. User type covered in the study include large enterprises and small & medium enterprises (SMEs). On the basis of industry vertical, the market is categorized into banking, financial services, and insurance (BFSI); government & education; healthcare; telecommunication & IT; retail; manufacturing; media & entertainment; and others.
The global IaaS market was valued at $19,319 million in 2016, and is estimated to reach $92.075 million by 2023, growing at a CAGR of 25.3% from 20172023. The global IaaS market is expected to witness a high growth rate, due to the rise in ICT expenditure by governments in several developed and the developing regions, including North America, Europe, and Asia-Pacific.
Asia-Pacific is expected to register highest CAGR in the near future. Industry participants have realized the importance of strengthening the overall cloud infrastructure to ensure low-cost networking, servers, virtual data centers, storage solution, and easy accessibility of virtual computing from any device and location. The Asia-Pacific region, with countries, such as China, Singapore, Japan, and Australia, is an emerging region for the vendors in the IaaS market. Moreover, growth in demand for mobility in enterprises drives the market in LAMEA.
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Infrastructure-as-a-Service (IaaS) Market Key Segments:
By Component Type
• Storage
• Network
• Compute
• Others (Professional & Managed Services)
By Deployment Model
• Private
• Public
• Hybrid
By User Type
• SMEs
• Large Enterprises
By Industry Vertical
• BFSI
• Government & Education
• Healthcare
• Telecom & IT
• Retail
• Manufacturing
• Media & Entertainment
• Others (Business Service Providers, Energy & Utilities, and Transportation)
The key players profiled in the report are as follows:
• Amazon Web Services, Inc.
• EMC Corporation
• Google Inc.
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Rackspace Hosting, Inc.
• Red Hat, Inc.
• Redcentric plc.
• VMware, Inc.
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