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Cloud Infrastructure Service Market is likely to register single digit CAGR by 2021
Infrastructure-as-a-Service (IaaS) is a model where an organization is able to outsource the equipment used to support operations, including hardware, storage, networking components and servers. The service provider owns equipment and is accountable for running, housing and maintaining it. Cloud IaaS adoption is growing, as enterprises are turning to cloud based IT model to decrease the capital expenditure. Characteristics and several components of IaaS
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Cloud infrastructure-as-a-service is among three fundamental service models of the cloud computing beside Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). As with cloud computing services, it offers access to the computing resource in virtualized environment, the Cloud, across public connection, normally the internet. In case of IaaS, the computing resource offered is particularly that of virtualized hardware, in the other words, computing infrastructure. The definition involves offerings such as virtual server space, bandwidth, network connections, IP addresses and load balancers. The pool of hardware resource is dragged from a multitude of networks and servers normally distributed among several data centers, all of that the cloud provider is responsible for maintaining. The client, on other hand, is given access to the virtualized components in order to create their own IT platforms.
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Some important factors supporting the growth of cloud infrastructure-as-a-service market include decreased IT structure, disaster recovery plans and support for business continuity, improved compliance and security profile, and reduced IT staff. Cloud IaaS helps reduce complexity by elimination of software, servers, disaster recovery and backups. However, concerns about application reliability and performance, security risks and unwillingness to retreat controls are factors act as a challenge to this market.
Some of the major players for cloud infrastructure as a service market include Amazon Web Services, Bluelock, CA Technologies, Cloud Scaling, Datapipe Inc., Rackspace, Hewlett Packard, Logicworks, GoGrid, Layeredtech, Verizon, Savvis, OpSource and NaviSite among others. Amazon Web Services is the market leader in this market followed by Rackspace and Verizon.
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