According to Technavio, Global Infrastructure as a Service (IaaS) Market
by deployment (public cloud, and hybrid cloud) and geographic regions
(APAC, Europe, MEA, North America, and South America) is expected to
grow by USD 101.56 billion, at a post a CAGR of close to 28% during
2019-2023. However, the market’s momentum will decelerate in the coming
years because of the decrease in year-over-year growth.
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Technavio has published a new market research report on the global infrastructure as a service (IaaS) market from 2019-2023. (Graphic: Business Wire)
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Global IaaS market: Simplification of disaster
recovery with cloud
Organizations have traditionally been using a separate site for disaster
recovery. This required additional investments, which had a significant
impact on organization’s IT budget. The IaaS model allows organizations
to use public cloud platforms for disaster recovery purposes. Moreover,
IaaS providers offer a more flexible pricing model than traditional
on-premise solutions. IaaS vendors are undertaking various strategies
and entering into partnerships to provide enhanced services and better
disaster recovery systems. Thus, the simplification of disaster recovery
with the cloud will fuel the adoption of IaaS during the forecast period.
“Apart from the simplification of disaster recovery with cloud, other
factors such as the ease of deployment and scalability of platforms,
along with the growing shift toward server virtualization will have a
significant impact on the growth of the infrastructure as a service
(IaaS) market size during the forecast period,” says a senior analyst at
Technavio.
Global IaaS market: Segmentation analysis
This market research report segments the global
IaaS market by deployment (public cloud, and hybrid cloud) and
geographic regions (APAC, Europe, MEA, North America, and South America).
The North American region led the market in 2018, followed by APAC,
Europe, South America, and MEA respectively. The infrastructure as a
service (IaaS) market growth in North America can be attributed to the
growing investments in communication network infrastructure, the rising
deployment of 4G/5G networks, and the increasing demand for IaaS in the
region. The growing investment in communication network infrastructure
is driven by the rising adoption of IoT devices, and the advent of big
data analytics.
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Global IaaS market: Increase in cloud adoption
across several industry verticals
A key factor driving the growth of the global infrastructure as a
service (IaaS) market size is the increase in cloud adoption across
several industry verticals. Cloud infrastructure adoption has increased
significantly among several industry verticals including retail,
healthcare, manufacturing, telecommunication and IT, BFSI, media, and
entertainment. This is mainly because the cloud offers advantages such
as enhanced uptime, enriched IT service, reliability, increased
flexibility of data access, and fast operational speed. Various
government agencies are focusing on the use of IaaS model as it helps
them to solve numerous challenges while managing different types, sizes,
and formats of data. Therefore, the growing adoption of cloud will
stimulate the IaaS market growth during the forecast period.
Few Major Players for the Global IaaS market are:
- Alibaba Cloud
- Amazon Web Services Inc.
- Google LLC
- IBM Corp.
- Microsoft Corp.
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