The Infrastructure As A Service (IaaS) Market is being driven by Shift from CAPEX model to OPEX model
The Infrastructure As A Service (IaaS) Market is expected to grow at a CAGR of 33% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 424.6 billion. The global shift towards cloud computing is gaining momentum due to its financial advantages and agility. Companies, irrespective of size, are prioritizing cost reduction strategies and embracing cloud technologies with minimal capital expenditure (CAPEX). Small businesses and startups particularly benefit from the on-demand scalability of hardware and resources provided by Infrastructure as a Service (IaaS) offerings. Meanwhile, large enterprises are adopting cloud-based solutions to manage fluctuating workloads, thereby avoiding the substantial CAPEX and operating expenditure (OPEX) associated with building and maintaining their own data centers. Cloud-based software solutions offer several benefits, including quick implementation through web browsers and easy configuration, making them an attractive choice for businesses seeking to streamline their IT infrastructure.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
237 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 33% |
Market growth 2025-2029 |
USD 424.6 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
26.9 |
Key countries |
US, China, Japan, Canada, Germany, India, UK, Saudi Arabia, South Korea, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Infrastructure as a Service (IaaS) market encompasses various offerings, including cloud orchestration and automation tools, container orchestration, serverless platforms, cloud management platforms, and services from leading cloud service providers. Cloud infrastructure solutions also provide features like cloud data governance, cost management, performance management, capacity planning, infrastructure monitoring, security, deployment, optimization, design, management, provisioning, automation, and strategy. The future of IaaS involves continued innovation, adoption, and trends such as improved infrastructure roadmaps, infrastructure landscape enhancements, and advanced infrastructure strategies.
The Infrastructure as a Service (IaaS) market is a significant segment of the larger global Internet services and infrastructure market. This market encompasses businesses providing essential computing resources, such as servers, storage, and network services, via cloud computing and serverless models. IaaS offerings enable businesses to outsource their IT infrastructure needs, accessing on-demand resources and paying only for what they use. Companies offering these services include data center providers, cloud networking and storage infrastructure vendors, and hosting service providers. The global Internet services and infrastructure market, as calculated by Technavio, represents the combined revenue generated by these and other firms engaged in the provision of all types of Internet services and infrastructure services, including IT security and cloud computing. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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