Infrastructure as a Service Market to Surpass USD 531.84 Billion by 2030, exhibiting a CAGR of 22.3%

According to Fortune Business Insights, the global infrastructure as a service (IaaS) market size is projected to reach USD 531.84 billion in 2030, at a CAGR of 22.3% during the forecast period, 2023-2030

Infrastructure as a Service Market

Pune, India, Oct. 23, 2023 (GLOBE NEWSWIRE) — The global infrastructure as a service market size was valued at USD 108.81 billion in 2022 and is projected to reach USD 531.84 billion by 2030, exhibiting a CAGR of 22.3% over the forecast period. Fortune Business Insights presents this information in their report titled “Global Infrastructure as a Service Market Forecast, 2023-2030.”

In the Infrastructure as a Service (IaaS) model, the cloud provider controls IT infrastructures such as servers, storage, and networking resources and makes them accessible to subscriber businesses through virtual machines that are accessible over the internet.

Request a Sample PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/infrastructure-as-a-service-iaas-market-107351

The IaaS model is a great fit for rapidly expanding businesses that lack the funds to invest in hardware. IaaS is advantageous to businesses that need to offload part of the routine operations and maintenance related to managing infrastructure such as those with continuous application workloads.

Key Industry Developments

December 2022 – Hewlett Packard Enterprise (HPE) announced new analytics, application, and developer services for HPE GreenLake. It is an edge-to-cloud platform that enables enterprises to pursue data-centric modernization strategies for production workloads in hybrid cloud environments.

Key Takeaways

• Infrastructure as a service market size in North America was USD 48.80 billion in 2022
• Rising Demand for Hybrid Cloud Services to Drive Segment Growth
• Cost Optimization and Cloud Adoption to Propel Market
• Increasing Data Traffic to Various Industries to Supplement Market

Discover the Leading Players Featured in the Report:

“Companies leading the global IaaS market are Amazon Web Services (AWS) (U.S.), Microsoft Azure (U.S.), Google Cloud Platform (GCP) (California), Alibaba Cloud (China), Oracle Cloud (U.S.), IBM Cloud (Kyndryl) (U.S.), Tencent Cloud (China), OVHCloud (France), DigitalOcean (U.S.), Linode (Akamai) (U.S.).”

Report Scope & Segmentation

Browse Complete Report Details: https://www.fortunebusinessinsights.com/infrastructure-as-a-service-iaas-market-107351

Drivers & Restraints:

Rapid Data Access to Propel Market Growth

With the increased usage of Disaster Recovery as a Service (DRaaS) by enterprises to safeguard sensitive data and effectively recover in the case of a natural or man-made disaster, the market is expanding. Another aspect that stimulates growth is the growing deployment of hybrid clouds, which combines private and public clouds. This makes it possible for businesses to process data quickly, communicate enormous amounts of data via the cloud, and completely cut total operational costs. It is predicted that further factors, such as numerous technical advancements in the IT industry and significant research & development efforts in the area of wireless technology, will fuel the market even more.

On the contrary, the market’s major problems are high prices of initial investment and difficulties in obtaining infrastructural services.

Rising Demand for Hybrid Cloud Services to Drive Segment Growth

Due to the growing adoption of hybrid models, the hybrid segment holds the largest market share, according to the report. It has been crucial in accelerating the uptake of solutions in the IaaS industry. By utilizing hybrid cloud services, various organizations are expected to avoid transferring all of their data to a single system in a single place. Organizations are more vulnerable to unanticipated mistakes or data theft when all their data is kept in one location. As a result, hybrid cloud architecture lowers the risks related to data loss or theft when compared to alternative methods.

Segmentation

By Deployment

• Public
• Private
• Hybrid

By Service

• Computing
• Networking
• Storage
• Others

By Industry

• BFSI
• Retail & E-commerce
• Healthcare
• Education
• Manufacturing
• IT & Telecom
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/infrastructure-as-a-service-iaas-market-107351

Regional Insights

North America Dominates the Market Due to Growing Popularity

The largest Infrastructure as a Service market share belongs to North America. IaaS is one of the most popular services in this region. Due to the presence of multiple big businesses, North America is a successful center for innovation and market growth. Many businesses provide a wide range of services to host, administer, and maintain various types of IT infrastructure in a private or public data center, including Amazon Web Services, Inc., IBM Corporation, VMware, Inc., and others. The data center is accessible online and from many locations.

Competitive Landscape

Key Players Concentrate on Acquisitions and Partnerships for Dominance

Top competitors are concentrating on extending their global reach by launching sector-specific solutions to spur innovation and new product launches to draw a sizable consumer base and boost sales. Innovations and the introduction of new products draw a large customer base, increasing sales. Our study also gives vendors a thorough understanding of the infrastructure as services industry, which they can use to their advantage in the market throughout the forecast period. For market expansion, a lot of companies are developing partnerships, mergers, acquisitions, and collaborative tactics.

Quick Buy – Infrastructure as a Service Market Research Report:

https://www.fortunebusinessinsights.com/checkout-page/107351

FAQs

How big is the infrastructure as a service market?

The infrastructure as a service market size was USD 108.81 billion in 2022. It is expected to reach USD 531.84 billion by 2030.

How fast is the infrastructure as a service market growing?

The infrastructure as a service market will exhibit a CAGR of 22.3% during the forecast period, 2023-2030.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Attachment

• Infrastructure as a Service Market