The global infrastructure as a service (iaas) market size was estimated at USD 52.22 billion in 2022 and is expected to hit around USD 558.86 billion by 2032 and is poised to grow at a compound annual growth rate (CAGR) of 26.8% from 2023 to 2032.
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Infrastructure-as-a-Service (IaaS) is a cloud computing solution, which enables in removing hardware price through imparting digital server rooms and community structures on 1/3 birthday celebration or in-residence information facilities. It offers whole IT infrastructure additives including servers, networks, garage structures, and information facilities to numerous person agencies which include massive and small & medium enterprises (SMEs).
The price-powerful blessings of IaaS technology, boom in call for quicker information accessibility, and boom in cloud adoption throughout numerous enterprise verticals are a number of the important thing elements that pressure the boom of the worldwide IaaS marketplace. In addition, sizable shift closer to hybrid cloud as number one deployment model, ICT spending through governments in numerous developed and growing areas improve the marketplace boom. However, loss of familiar requirements and upward thrust in protection and privateness issues are expected to limitation the marketplace boom. On the contrary, integration of AI with IaaS and upward thrust in call for of IaaS through SMEs is expected to offer rewarding boom possibilities for the worldwide IaaS marketplace at some point of the forecast period.
The global IaaS market is expected to witness significant growth during the forecast period, due to the increasing trend towards serverless computing, the growing demand for cloud services hybrid cloud and the increase in Internet penetration. Integrated IaaS services are expected to drive the next wave of cloud infrastructure adoption as the major cloud service providers move towards hybrid environments i.e. collaboration of diverse infrastructure.
The demand for IaaS solutions is expected to increase significantly in sectors such as government and education, BFSI, healthcare, and manufacturing. In addition, increasing technological advancements such as the integration of IaaS with IoT and increasing internet penetration in emerging economies are expected to complement the growth of the market.
Report Scope of the Infrastructure as a Service (IaaS) Market
|Market Size in 2023
USD 65.95 Billion
|Market Size by 2032
USD 558.86 Billion
|Growth Rate from 2023 to 2032
|CAGR of 26.8%
|2023 to 2032
|Type, Deployment Model, Enterprise Size, Vertical, and Geography
|Amazon Web Services, Inc., EMC Corporation, Google Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., Red Hat, Inc., Redcentric plc., VMware, Inc., Profitbricks, Cisco Systems Inc., Computer Sciences Corporation (CSC), Fujitsu, Alibaba Group Holding Limited, Dell EMC, Hewlett Packard Enterprise, Profitbricks Inc., Mindtree Pvt. Ltd.
Key Market Drivers
Key Market Challenges
Key Market Opportunities
Based on component type, the IaaS market is classified into storage, network, compute and others. IaaS hosting is a service offered in the form of a la carte hosting. IaaS services are widely used to store, backup, and restore databases. The ability of IaaS to handle the unpredictable demand and growth of hosting organizations tends to be high in planning and managing backup and recovery systems through IaaS.
The compute and storage segments together accounted for highest market share in 2022, with the former constituting larger share. The network and storage segments are also expected to witness significant growth respectively, during the forecast period.
Based on IaaS deployment model, the market is bifurcated into private, public, and hybrid model.
The hybrid segment contributes the largest market share of the market and is estimated to retain its dominance during the forecast period. The public and hybrid segments together contributes largest share with the former constituting highest share. These two segments are also expected to witness significant CAGRs during the forecast period.
Based on IaaS user type, the market is bifurcated into small large enterprises & medium sized enterprises (SMEs). Cloud infrastructure boosts productivity for SMBs by providing virtual access to data and cyberspace.
Rising demand for unlimited storage, security, protected networks, and low-cost IT spending is expected to drive SME cloud adoption. Many SMEs in emerging regions, including Asia-Pacific, Latin America and the Middle East, are strongly trending towards cloud infrastructure adoption. For example, in March 2017, MasterCard partnered with Mastriano to launch the first SME cloud platform in Asia-Pacific with integrated business applications, which is expected to reduce operating costs for small and medium enterprises.
Infrastructure as a Service (IaaS) Market Share, By Region, 2022 (%)
|Revenue Share in 2022 (%)
On the basis of geography, the region of North America holds the largest market share. The United States is one of the largest markets for IaaS. It is home to several major IaaS players, making it a lucrative hub for market innovation. Amazon Web Services, Inc., a major player in the North American IaaS market, is investing heavily in solutions in the region.
Key Market Players
Segments Covered in the Report
By Deployment Model
By Enterprise Size
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