Infrastructure-as-a-Service (IaaS) Market Market Size, Development, And Forecasts 2021-2031

 

Infrastructure-as-a-Service (Iaas) Market Outlook 2031

  • The global infrastructure-as-a-service  market was valued at US$ 54.50 Bn in 2020
  • It is estimated to expand at a CAGR of 28.50% from 2021 to 2031
  • The global infrastructure-as-a-service (Iaas) market is expected to reach the value of US$ 859.67 Bn by the end of 2031

Increasing Demand for Infrastructure-as-a-Service (Iaas) Drives Market

Hybrid cloud systems are becoming increasingly popular as public and private cloud models have limitations of data security. This factor is likely to boost the infrastructure-as-a-service (IaaS) market. The rising volume of business data in telecom and IT is creating opportunities for the infrastructure-as-a-service (IaaS) market. The increase in the number of data centers across the globe is likely to boost the infrastructure-as-a-service (IaaS) market. The rise in the rate of adoption of hybrid cloud system in industries such as healthcare, manufacturing, and e-commerce is anticipated to boost the infrastructure-as-a-service (IaaS) market. Moreover, growth in small and medium scale organization where data centers are available is also fueling the infrastructure-as-a service (IaaS) market.

Digitization, along with increase in the demand for data centers from various IT industries, is creating potential opportunities for market players. Governments across various countries are promoting information and communication systems that increase the utilization of cloud systems, which, in turn, is driving the infrastructure-as-a-service (IaaS) market. The rapid smart city development across the globe is also responsible for the growth of the global infrastructure-as-a-service (IaaS) market. Major industries are nowadays adopting multicloud implementations and hybrid cloud deployment as part of their cloud strategy. This is contributing to market growth. In addition, networking is at the foundation of this digital transformation, which is likely to enhance the use of infrastructure services.

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Benefits of Infrastructure as a Service (IaaS) to Fuels Adoption

The global infrastructure-as-a-service (IaaS) market is significantly driven by the increasing popularity of Iaas services due to their unique benefits. The infrastructure-as-a-service (IaaS) is cost-efficient, scalable, and reliable. Underlying infrastructures such as servers and software are shared across different end users that are openly available to all, easily accessible from anywhere, and over any device. Companies in the global infrastructure-as-a-service (IaaS) market are gaining lucrative revenue benefits due to the increasing demand for such services from various end-use industries including healthcare centers, It & telecom, retail & e-commerce, manufacturing, energy & utility, etc.

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Lucrative Growth Opportunities in Europe and Asia Pacific

There are tremendous growth opportunities for market players operating in the Asia Pacific and Europe infrastructure-as-a-service (IaaS) market. The number of data centers across the Asia Pacific region is increasing, this driving the infrastructure-as-a-service (IaaS) market. Rapidly expanding IT industry in India, China, and Japan is also attributable to the rise in adoption of infrastructure services in Asia Pacific. Due to the lucrative presence of telecom industries having their own data centers, Europe is more likely to dominate the global market in the upcoming years.

The expansion of the e-commerce industry, along with rising data traffic in telecom, healthcare, and manufacturing industries, is driving the Asia Pacific infrastructure-as-a-Service (IaaS) market during the forecast period. There are value-grab opportunities for players operating in the Asia Pacific and Europe infrastructure-as-a-service (IaaS) market. Many IT organizations across the globe are expanding their cloud services across Asia Pacific, which, in turn, is fueling the market growth. The increasing adoption of hybrid cloud is also anticipated to fuel the infrastructure-as-a-service (IaaS) market in the region.

Drivers of Infrastructure-as-a-Service (IaaS) Market

  • Rise in adoption of hybrid cloud systems in organizations, as public and private cloud models have limitations of data security that drive adoption of hybrid cloud systems, is likely to boost the infrastructure-as-a-service (IaaS) market. Increasing volume of business data in IT & telecom industry is likely to create an opportunity for the infrastructure-as-a-service (IaaS) market.
  • Growing digitalization of economies in developing countries is likely to fuel the infrastructure-as-a-service (IaaS) market. Governments across several countries are promoting information and communication systems that increase the utilization of cloud systems, which, in turn, is anticipated to propel the infrastructure-as-a-service (IaaS) market. Rise in deployment of infrastructure services among small- and medium-sized enterprises is estimated to propel the market.

Challenges for Infrastructure-as-a-Service (IaaS) Market

  • Rise in risk of data breach, numerous operational challenges, and still-inadequate installation infrastructures in several organizations hamper the infrastructure-as-a-service (IaaS) market. Stringent regulations regarding data security are likely to pose a challenge for the infrastructure-as-a-service (IaaS) market. Major challenge for the market is high initial investment costs that hamper the use of infrastructure services.

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