Infrastructure as a Service Market Size will Observe Lucrative Surge by the End 2030

Infrastructure as a Service Market

Market Overview:

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Infrastructure as a Service (IaaS) is a cloud computing model that provides virtualized computing, storage, and networking resources on demand. IaaS is a popular choice for businesses of all sizes, as it offers a cost-effective and scalable way to host applications and data.

The IaaS market size is growing rapidly, due to the increasing demand for cloud computing services. The global IaaS market is expected to reach $119.82 billion by 2030, growing at a CAGR of 24.10% from 2022 to 2030.

Market Drivers:

There are a number of factors driving the growth of the IaaS market. These include:

  • The increasing demand for cloud computing services.
  • The growing adoption of hybrid cloud architectures.
  • The need for scalability and flexibility in IT infrastructure.
  • The rising cost of maintaining on-premises IT infrastructure.

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Market Players:

Some of the leading players in the global IaaS market include:

  • Amazon Web Services (AWS)
  • Microsoft Azure
  • Google Cloud Platform (GCP)
  • IBM Cloud
  • Alibaba Cloud
  • Oracle Cloud
  • Rackspace
  • VMware
  • Cisco Systems

Market Segmentation:

The global IaaS market is segmented by component, deployment model, enterprise size, industry vertical, and region.

  • By component: The IaaS market is segmented into compute, storage, networking, and others. The compute segment is the largest segment, and is expected to remain the dominant segment during the forecast period.
  • By deployment model: The IaaS market is segmented into public, private, and hybrid deployment models. The public deployment model is the most popular deployment model, and is expected to remain the dominant segment during the forecast period.
  • By enterprise size: The IaaS market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprise segment is the largest segment, and is expected to remain the dominant segment during the forecast period.
  • By industry vertical: The IaaS market is segmented into banking, financial services and insurance (BFSI), government and education, healthcare, telecommunication and IT, retail, manufacturing, media and entertainment, and others. The BFSI segment is the largest segment, and is expected to remain the dominant segment during the forecast period.
  • By region: The IaaS market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is the largest market for IaaS, and is expected to remain the dominant market during the forecast period.

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Regional Analysis

The North American region is the leading market for IaaS, followed by Europe and Asia Pacific. The growth of the IaaS market in North America is driven by the increasing adoption of cloud computing services by businesses in the region. The growth of the IaaS market in Europe is driven by the growing adoption of hybrid cloud architectures and the need for scalability and flexibility in IT infrastructure. The growth of the IaaS market in Asia Pacific is driven by the growing demand for cloud computing services from businesses in the region.

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About the Author: Hemant Kolhe