NEW
YORK, Aug. 7, 2024 /PRNewswire/ -- The global
infrastructure as a service (IaaS) market size is estimated to
grow by USD 1.25 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 55.16% during the forecast period.
Shift from capex model to opex model is driving market
growth, with a trend towards increasing demand for
cloud-based applications. However, increasing incidences of
data breaches poses a challenge. Key market players include
11 11 Systems Inc., Akamai Technologies Inc., Alibaba Group Holding
Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems
Inc., Datacom Group Ltd., Dell Technologies Inc., DigitalOcean
Holdings Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard
Enterprise Co., International Business Machines Corp., Microsoft
Corp., Nippon Telegraph and Telephone Corp., Oracle Corp.,
Rackspace Technology Inc., Redcentric plc, and VMware Inc..
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Infrastructure As A
Service (Iaas) Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
55.16%
|
Market growth
2024-2028
|
USD 1254.1
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
38.62
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 36%
|
Key
countries
|
US, China, UK, Germany,
and Japan
|
Key companies
profiled
|
11 11 Systems Inc.,
Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet
Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datacom
Group Ltd., Dell Technologies Inc., DigitalOcean Holdings Inc.,
Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise
Co., International Business Machines Corp., Microsoft Corp., Nippon
Telegraph and Telephone Corp., Oracle Corp., Rackspace Technology
Inc., Redcentric plc, and VMware Inc.
|
Market Driver
The global Infrastructure as a Service (IaaS) market is
experiencing significant growth due to the increasing adoption of
cloud computing by organizations of all sizes. Cloud-based
solutions offer numerous benefits, including quick implementation,
improved customer experience, data accessibility, and reduced cost.
Small businesses and startups can leverage the scalability of
hardware and resources offered by cloud providers, while large
organizations can scale their workload as needed without the need
for expensive data center setup. The retail, healthcare,
manufacturing, telecommunication and IT, media and entertainment,
and BFSI industries are among the major adopters of cloud services
due to their advantages in reliability, enhanced uptime, and
flexibility. Government agencies are also turning to IaaS to
address challenges in managing diverse data types and sizes,
optimizing services, and ensuring security and compliance. Vendors
like Microsoft Azure Government and Datacom Group Ltd. Offer IaaS
solutions tailored to government agencies' specific needs. Despite
security concerns, the market is expected to grow due to the
benefits of cloud services, including cost savings, increased
efficiency, and scalability.
Infrastructure as a Service (IaaS) is a popular cloud computing
solution that provides businesses with on-demand access to
computing resources, including servers, storage, and networking
hardware. IaaS is a key trend in the IT & telecom industry,
with many businesses, even Small and Medium-sized Enterprises
(SMBs), adopting this model for its flexibility and cost savings.
IaaS enables businesses to build a customized IT infrastructure,
using hypervisors for virtualization and service-oriented
architecture for efficient computing. Data centers provide the
necessary physical infrastructure, while cloud services offer
plug-and-play services for easy deployment. Sectors like retail
& e-commerce, energy & utilities, and healthcare are
embracing IaaS for its processing capabilities and evidence-based
care, with electronic health records and AI being key applications.
However, with the increased use of IaaS comes cybersecurity risks,
including cyberattacks and data breaches.
Infrastructure-as-a-Service providers offer automation,
digitization, and compostability to mitigate these risks and ensure
business continuity through disaster recovery. IaaS also supports
mobility, enabling businesses to access their applications and data
from anywhere, at any time. Overall, IaaS is a game-changer for
businesses, offering scalability, flexibility, and cost savings,
while minimizing the need for skilled resources and hardware
investments.
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Market Challenges
- The global Infrastructure as a Service (IaaS) market is
experiencing significant growth due to the increasing adoption of
cloud-based application software. However, this market faces a
major challenge in the form of data security breaches. XSS, XSRF,
and SQL injection attacks are common security threats that put
customer data at risk. In a multi-tenant cloud environment, a
vulnerable application can compromise the security of other
applications sharing the same database infrastructure. This growing
concern over data security is leading customers to demand stronger
security measures from IaaS providers. Failure to address these
security challenges could negatively impact the growth of the IaaS
market.
- Infrastructure as a Service (IaaS) market is witnessing
significant growth due to the increasing adoption of cloud
computing services. Tintri's Cloud Engine and Cloud Platform
offerings are popular choices for businesses looking to deploy
workloads in public, private, or hybrid cloud environments. The
Computing and Networking segments are key areas of focus, with
industries such as Healthcare, Manufacturing, Retail and
e-commerce, IT and Telecom, and Edge Computing leading the charge.
Challenges in IaaS include rapid deployment and scalability,
hardware requirements, and data security concerns. Data access,
location, and privacy are critical issues, especially for sensitive
industries. Security threats like data leaks, permanent data loss,
application vulnerabilities, and cloud service exploitation are
major concerns. Multitenancy, de-provisioning, and hybrid models
add complexity to IaaS adoption. Companies must carefully consider
their cloud supplier, data protection, and de-provisioning policies
to mitigate risks. On-premises data centers and virtualized IT
components continue to coexist with cloud solutions. The use of
flash drives and external hard drives for data storage adds to the
infrastructure complexity. The mobile workforce and distributed
cloud computing further complicate network management. Ultimately,
businesses must balance the benefits of cloud services with the
risks and choose the right infrastructure model for their
needs.
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Segment Overview
This infrastructure as a service (iaas) market report
extensively covers market segmentation by
- Deployment
- 1.1 Public cloud
- 1.2 Private cloud
- 1.3 Hybrid cloud
- End-user
- 2.1 Large enterprises
- 2.2 SMEs
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Public cloud- The Infrastructure as a Service
(IaaS) market refers to the delivery of virtualized computing
resources over the internet. IaaS providers offer businesses
on-demand access to computing power, storage, and networking
resources. Companies can rent these resources, pay only for what
they use, and easily scale up or down as needed. Major players in
the IaaS market include Amazon Web Services, Microsoft Azure, and
Google Cloud Platform. These providers offer reliable, secure, and
flexible solutions, enabling businesses to focus on their core
competencies rather than managing IT infrastructure.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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The global cloud computing market is driven by the increasing
demand for scalable IT solutions and cost efficiency. Key players
include Amazon Web Services, Microsoft Azure, and Google Cloud.
Simultaneously, the global cloud storage services market is
expected to fueled by the rising need for data backup and disaster
recovery solutions. Major companies in this space are Amazon,
Microsoft, and IBM, offering advanced storage solutions and
enhanced security features.
Research Analysis
Infrastructure as a Service (IaaS) is a type of cloud computing
service that provides businesses with on-demand access to computing
resources, such as servers, storage, and networking, without the
need for physical infrastructure. IaaS enables rapid deployment of
IT resources for running applications and handling day-to-day
operations. It offers plug-and-play services, making it easier for
businesses, especially Small and Medium-sized Enterprises (SMBs),
to digitize their operations. IaaS also supports distributed cloud
computing, allowing businesses to access resources from multiple
locations. With automation and virtualization, IaaS offers high
processing capabilities and scalability, making it an ideal
solution for businesses in the IT & telecom industry, retail
& e-commerce industry, and other sectors requiring
high-performance computing. IaaS also supports disaster recovery,
ensuring business continuity in case of unforeseen events. Hardware
components like flash drives and external hard drives can be
attached to IaaS instances for additional storage needs.
Market Research Overview
Infrastructure as a Service (IaaS) is a cloud computing model
that provides virtualized computing resources over the internet.
These resources include processing capabilities, storage, and
networking, delivered as plug-and-play services. IaaS allows
businesses to rapidly deploy and scale their IT infrastructure,
making it an attractive option for organizations in various
industries such as healthcare, manufacturing, retail and
e-commerce, IT and telecom, and more. IaaS providers offer public,
private, and hybrid cloud solutions, catering to different business
needs. The computing segment includes servers, virtual main memory,
and virtualized IT components, while the networking segment focuses
on networking hardware and networking services. The benefits of
IaaS include automation, digitization, and rapid deployment.
However, it also comes with cybersecurity risks, such as
cyberattacks, data breaches, and permanent data loss. To mitigate
these risks, IaaS providers offer security features like AI, Big
Data, and Tintri Cloud Engine and Platform. IaaS enables businesses
to access their application workloads and data from anywhere,
making it ideal for mobile workforces. It also supports
industry-specific requirements, such as evidence-based care in
healthcare and service-oriented architecture in IT and telecom.
Despite the advantages, IaaS adoption requires careful
consideration of factors like data access, data center location,
and data security. Businesses must also ensure they have skilled
resources to manage their cloud infrastructure and mitigate
potential security threats. In conclusion, IaaS is a powerful cloud
computing service that offers businesses the flexibility and
scalability they need to grow and compete in today's digital
economy. However, it also comes with its challenges, and businesses
must carefully evaluate their needs and risks before making the
transition.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Deployment
-
- Public Cloud
- Private Cloud
- Hybrid Cloud
- End-user
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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