The global IaaS market size is likely to project a CAGR of nearly 26.7% during the forecast years 2021-2028. The IaaS market is driven by the higher importance to disaster recovery for critical IT systems and High Adoption Rate in SMBS which acts as a driver as the demand for IaaS solutions is increasing.
The present and future IaaS market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that influences the IaaS market opportunities has led to increased adoption of private platform implementations. Furthermore, benefits that include the flexibility of storing information either on deployment mode or premise simultaneously is the key factor driving the market growth for the IaaS market.
Also, the increasing penetration of Cloud based IaaS services is another factor driving the market growth. Furthermore, the increasing use of smart devices is likely to provide lucrative development opportunities for the IaaS market in the forthcoming years.
The report also emphasizes several distinctiveness of the global IaaS industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the IaaS industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The IaaS market has tough competition among the new emerging and pre-established market vendors. Besides, the IaaS industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the organization size, the market is segmented into large enterprise, and small & medium enterprises. In 2020, large enterprises accounted for the largest share of the infrastructure as a service market, owing to their use of IaaS technology to avoid the high cost and complexity of managing and acquiring their own physical servers.
Asia Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the IaaSmarket in this region is mostly ascribed to the increasing internet penetration coupled with developing technology in various economies including China, India, and South Korea can be attributed to high growth in this region.
The major players of the global IaaS market are Fujitsu, IBM, VMware, Cisco Systems, Google, Inc., Microsoft, AWS, Profitbricks, CSC, Rackspace, Redcentric PLC., Alibaba Group Holding Limited, Dell EMC, Oracle Corporation, and Red Hat, Inc. Renowned companies are offering new and modern IaaSsoftware solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global IaaS Market
Solution Overview, 2021-2028 (USD Million)
- Managed Hosting
- Disaster Recovery as a Service
- Storage as a Service
- Network Management
Deployment Mode Overview, 2021-2028 (USD Million)
- Public Cloud
- Private Cloud
- Hybrid Cloud
User Types Overview, 2021-2028 (USD Million)
- Large Enterpirse
- Small and Medium Enterprise
End Use Overview, 2021-2028 (USD Million)
- Retail and E-commerce
- Government & Defense
- IT & Telecom
- Energy and Utility
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa (MEA)
- Middle East
- South Africa
- South America