Infrastructure as a Service Market

Infrastructure As A Service Market Analysis (2022 - 2027)

The market value of infrastructure as a Service market is valued at 38.94 billion US dollars in the year 2021, which is expected to increase the growth by 201.83 billion US dollars by the end of 2026 with a compound annual growth rate of 23.2% during the forecast period of 2022 - 2027. Therefore, the infrastructure as a Service market value is expected to increase more during the forecast period.

It is a cloud computing service where the enterprise lease servers for computing and storage in the cloud. These online services offer high-level APIs such as physical computing resources, location, security and backup, scaling, and data partitioning. By infrastructure as a service, the users can run any type of operating system or application on the leased servers without these servers' operating and maintenance costs.

Driving Factors

Increasing demand from an increasing number of SMBs, need to deploy enterprise level computing capabilities to compete in the market is one of the major driving factors of infrastructure as a Service market growth rate.

Another major driving factor of the infrastructure as a Service market was increasing digitization among the organizations and economies propels the growth of revenue of infrastructure as a Services market.

Increasing government initiatives to encourage the adoption of the internet and other advanced technologies in the developed economies are some of the growth-supporting factors of the infrastructure market as a Service revenue rate.

Another major growth driving factor of the infrastructure as a Service market was the increasing demand for organizations to reduce the IT burden and lower the costs incurred in deploying centers and hiring skilled resources to manage the IT infrastructures.

Technological advancements, ease of deployment, flexibility, scalability of services, an increasing amount of financial and business information, and other critical data in various IT sectors are also some of the major driving factors which promote the growth of the market of infrastructure as a Service revenue rate during the forecast period.

Challenges

Data and privacy concerns over the private cloud, deployment is one of the major restraints that hinder the infrastructure's growth as a Service Market.

Stringent government regulations are also one of the major restraints that hinder the infrastructure's growth as a Service Market.

Another major restraint that affects the growth of the market was the lack of security standards. 

INFRASTRUCTURE AS A SERVICE MARKET REPORT COVERAGE:

Market Segmentation

The infrastructure as a Service market is segmented on the basis of solution, on the basis of deployment type, on the basis of end-user, on the basis of vertical, and the basis of geography.

Infrastructure As A Service Market - By Solution:

the infrastructure as a Service market is segmented into Storage as a Service, Colocation, Network management, Managed Hosting, Disaster Recovery as a Service, Content delivery, High-Performance Computing as a Service. Among these segments, the storage as a service solution segment holds the major share of the market among the others and is expected to hold dominance during the forecast period.

Infrastructure As A Service Market - Deployment Type:

the infrastructure as a Service market is segmented into public cloud, private cloud, and hybrid cloud. Among these segments, the private cloud deployment type segment holds the major share of the market and is expected to hold dominance during the forecast period.

Infrastructure As A Service Market - End-User:

the infrastructure as a Service market is segmented into SMBs and enterprises. Among these segments, the SMBs segment holds the major share of the market since these technologies are supported by IaaS solutions which allow the users to connect from any location and providing many benefits such as increased productivity, reduced IT, operational costs.

Infrastructure As A Service Market - By Vertical:

the infrastructure as a Service market is segmented into IT and telecom, Banking, Financial Services and Insurance, Healthcare, retail and e-commerce, government and defense, energy and utilities, manufacturing, and other verticals. Among these segments, the IT and telecom segment holds the major share of the market due to the increased volume of business data in such verticals and the concerns related to security.

Regional Analysis

The infrastructure as a Service market is segmented in various regions all around the world, such as:

1. Asia Pacific
2. Europe
3. North America
4. Latin America
5. Middle East & Africa

North America region holds the major share of the market due to the factors such as the existence of major infrastructure as a service vendor in developing economies such as the United States, and Canada helps the growth of the market of infrastructure as a Services in North America region. Furthermore, increasing investments by the major key players across the region is also one of the major driving factors that propel the growth of the infrastructure market as a service in the North American region. Therefore, this North American region is expected to hold dominance during the forecast period.

Asia Pacific region holds the second-largest share of the infrastructure market as a Service owing to the increasing of digitalization trends, adoption of the internet, and increasing adoption of smart devices, which is helping the market of infrastructure as a Service to grow further in Asia Pacific region.

Europe region is expected to increase the market value of infrastructure as a Services owing to the increasing number of SMBs demanding enterprise-level computing capabilities at low cost propels the growth of the market in the Europe region.

Key Market Players

Some of the key market players of infrastructure as a Service market are International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc., Alibaba Group Holding Limited, Dell EMC, Google LLC, Rackspace Hosting, Inc., Red Hat, Inc., Redcentricplc., and Hewlett Packard Enterprise. 

Impact Of COVID On Infrastructure As A Service Market

As we all know, due to the COVID pandemic, most businesses have faced a financial crisis due to the lockdown situations imposed by the government authorities. Unlike the other markets, the infrastructure as a service market has a positive impact during the COVID pandemic and is expected to gain more revenue in the upcoming years to come.