Infrastructure As A Service (Iaas) Market Size to grow by USD 1254.1 billion between 2024-2028
According to a research report “ Infrastructure As A Service (Iaas) Market” by Deployment (Public cloud, Private cloud, Hybrid cloud) End-user (Large enterprises, SMEs) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1254.1 billion, at a CAGR of almost 55.16% during the forecast period. In today's business landscape, the transition from Capex to Opex models is driving the significant growth of Infrastructure as a Service (IaaS) in various industries. IaaS solutions offer a pay-per-use pricing structure, enabling clients to only pay for the resources they consume. This flexibility in deployment models empowers businesses to tailor their IaaS infrastructure according to specific requirements. Industrial organizations can opt for a range of IaaS services based on their IT budgets and business needs. The absence of upfront costs associated with traditional on-premises IT infrastructure makes IaaS a cost-effective alternative for enterprises.
Browse market data tables, figures, and in-depth TOC on “Infrastructure As A Service (Iaas) Market” by Deployment (Public cloud, Private cloud, Hybrid cloud) End-user (Large enterprises, SMEs) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Deployment, the Public cloud segment is projected to dominate the market size in 2024
The Infrastructure as a Service (IaaS) market refers to the delivery of virtualized computing resources over the internet. IaaS providers offer businesses on-demand access to essential IT infrastructure, including servers, storage, and networking, enabling them to scale operations efficiently and cost-effectively. This cloud-based solution empowers businesses to focus on their core competencies while leaving the management of IT infrastructure to the experts. IaaS solutions are particularly beneficial for companies undergoing digital transformation or experiencing sudden growth, as they can quickly provision resources to meet their evolving needs.
By End-user, Large enterprises segment is expected to hold the largest market size for the year 2024
The Infrastructure as a Service (IaaS) market refers to the delivery of virtualized computing resources over the internet. IaaS providers offer businesses on-demand access to essential IT infrastructure, including servers, storage, and networking, enabling them to scale operations efficiently and cost-effectively. This business model empowers organizations to focus on their core competencies while leaving the complexities of managing and maintaining the underlying infrastructure to the service provider.
North America is forecasted to hold the largest market size by region in 2024
The Infrastructure as a Service (IaaS) market refers to the delivery of virtualized computing resources over the internet. Businesses can rent IT infrastructure such as servers, storage, and networking components on-demand, enabling them to scale operations efficiently and reduce capital expenditures. IaaS solutions provide a high level of flexibility, allowing organizations to focus on their core competencies while leveraging the expertise of cloud service providers for their infrastructure needs.
The Infrastructure As A Service (Iaas) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
Infrastructure-as-a-Service (IaaS) has become a game-changer for various industries, including retail & e-commerce and IT & telecom, by providing on-demand, flexible, and scalable IT infrastructure. IaaS enables businesses to virtualize their hardware, such as servers, storage, and networks, and access them over the internet. This is particularly beneficial for industries undergoing digitization, mobility, and automation, such as retail & e-commerce and IT & telecom. IaaS is crucial for day-to-day operations, enabling SMBs to access advanced processing capabilities and rapid deployment without the need for large upfront investments in hardware. IaaS also offers disaster recovery solutions, ensuring business continuity in the event of unforeseen circumstances. Moreover, IaaS providers offer plug-and-play services, enabling easy integration with external hard drives, flash drives, and other cloud computing services. Networking and distributed cloud computing are also key features, allowing businesses to expand their infrastructure as needed. Virtualization and cloud services are at the heart of IaaS, offering compostability and reducing the need for physical hardware. Skilled resources are readily available to manage and maintain the infrastructure, ensuring optimal performance and security. Overall, IaaS is a vital component of the digital economy, enabling businesses to adapt to changing market conditions and meet the demands of their customers.
Market Research Overview
Infrastructure as a Service (IaaS) is a popular cloud computing model that enables businesses to rent computing resources, including servers, storage, networking hardware, and virtualization technologies, from a cloud supplier. IaaS is widely adopted across various industry segments, including energy & utilities, retail & e-commerce, IT & telecom, mobility, and healthcare. IaaS enables businesses to build and manage their applications on virtualized IT components in the cloud, providing benefits such as scalability, rapid deployment, and cost savings. In the energy & utilities industry, IaaS is used for real-time data processing and grid management. In retail & e-commerce, it powers online stores and supports omnichannel sales. In IT & telecom, IaaS is used for network functions virtualization and disaster recovery. SMBs and large enterprises alike benefit from IaaS, as it provides access to skilled resources and allows for de-provisioning during periods of low demand. However, it also presents challenges, such as data security and privacy concerns. Data breaches, cyberattacks, and cloud service exploitation are significant risks, particularly in industries dealing with sensitive data, such as healthcare. IaaS providers offer plug-and-play services, including the Tintri Cloud Platform and Tintri Cloud Engine, which provide data center location flexibility, data access control, and data protection. Hybrid cloud models offer a balance between on-premises data centers and cloud services, while multitenancy and networking ensure efficient use of resources. In the computing segment, IaaS supports application workloads, processing capabilities, and distributed cloud computing. In the networking segment, it offers edge computing and networking services. In the industry segment, IaaS is used in manufacturing, healthcare, and other sectors for digitization, automation, and compliance with regulations, such as HIPAA and GDPR. Despite the benefits of IaaS, there are challenges, including the risk of data theft, single system failures, and application vulnerabilities. To mitigate these risks, businesses must prioritize data security, implement strong access controls, and regularly patch and update their systems. Additionally, IaaS providers must prioritize cybersecurity and offer robust data protection and disaster recovery solutions. In conclusion, IaaS is a powerful cloud computing model that offers businesses the flexibility and scalability they need to meet their IT demands. However, it also presents challenges related to data security, privacy, and compliance. By prioritizing these concerns and partnering with trusted IaaS providers, businesses can reap the benefits of cloud computing while mitigating risks.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
