Market Overview:
The Global Cloud Infrastructure as a Service (Iaas) market size is expected to grow from USD 163.47 billion in 2022 to USD 622.84 billion by 2030, at a CAGR of 18.20% during the forecast period (2023-2030).
The cloud infrastructure is the collection of the hardware and software components including storage, servers, networking, services, virtualization software, and management tools that are needed for cloud computing and it allows users to access virtualized resources. These components are required to create an application that helps users can access the cloud or retrieve via telecom services, the internet, and wide-area networks. The cloud computing infrastructure is accessible for public cloud, private cloud, and hybrid cloud systems. The components and the services of the Infrastructure as a Service include computerization of administrative tasks, billing model & utility computing service, desktop virtualization, and dynamic scaling, it offers policy-based services, and internet connectivity, and eliminates the need for administration and maintenance of the hardware.
Top Key Players for Cloud Infrastructure as a Service (Iaas) market:
Amazon Web Services, Bluelock, CA Technologies, Cloud Scaling, Datapipe Inc., Rackspace, Hewlett Packard, Logicworks, GoGrid, Layeredtech, Verizon, Savvis, OpSource, NaviSite and Other Major Players.
Market Dynamics and Factors for Cloud Infrastructure as a Service (Iaas) market:
Drivers:
Growing Demand for Cloud Services
The growing demand for cloud services is a significant driver for the Cloud Infrastructure as a Service (IaaS) market. As businesses increasingly seek to migrate their IT infrastructure to the cloud, IaaS offers a flexible and scalable solution. Organizations can access and manage computing resources such as virtual machines, storage, and networking on a pay-as-you-go basis, eliminating the need for extensive hardware investments and maintenance. This enables businesses to rapidly scale their operations, improve cost efficiency, and focus on core competencies while leaving the management of underlying infrastructure to IaaS providers. The rising adoption of cloud-native applications, data analytics, and digital transformation initiatives further fuels the demand for IaaS, positioning it as a pivotal component of modern IT strategies.
Opportunities:
Opportunity in Growing IT infrastructure
The opportunity in the growing IT infrastructure landscape is a strong catalyst for the Cloud Infrastructure as a Service (IaaS) market. As businesses expand their digital operations and embrace technologies like AI, IoT, and big data, the demand for scalable and agile infrastructure solutions intensifies. IaaS provides a flexible and cost-effective option, allowing organizations to access and manage computing resources on-demand, without the burden of owning and maintaining physical hardware. This aligns perfectly with the dynamic requirements of modern enterprises, enabling them to quickly adapt, innovate, and scale their IT environments to meet evolving business needs.
Segmentation Analysis of the Cloud Infrastructure as a Service (Iaas) market:
- By Type, Public" in the context of cloud computing and technology generally refers to services, resources, or infrastructures that are made available to a wide audience or the general public over the internet. Public cloud services are offered by cloud service providers and are accessible to anyone who wants to use them, typically on a pay-as-you-go basis.
- By Application, healthcare refers to the industry and practices related to the provision of medical services, treatment, and patient care. With advancements in technology, healthcare has increasingly embraced digital solutions to enhance patient outcomes, streamline operations, and improve overall efficiency
Regional Analysis of the Cloud Infrastructure as a Service (Iaas) market:
North America's dominance in the Cloud Infrastructure-as-a-Service (IaaS) market is driven by its advanced technology infrastructure, early adoption of cloud computing, and presence of major cloud service providers. Companies like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, headquartered in North America, offer a wide range of IaaS solutions. The region's business landscape, including startups and enterprises, has embraced IaaS for its scalability, cost-efficiency, and flexibility, positioning North America as a leader in providing cloud infrastructure services. However, the global IaaS market is dynamic, and other regions are also experiencing rapid growth, making ongoing assessment important.
Key Industry Development:
In February 2020, A leader in global technology services, NTT DATA Services, collaborated with Amazon Web Services, Inc. (AWS) to deliver new products, services, and solutions designed to accelerate cloud transformations
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
