Infrastructure-as-a-service (IaaS) Market Overview:
Infrastructure-as-a-Service (IaaS) Market is projected to reach $92,075 million by 2023, growing at a CAGR of 25.3% from 2017 to 2023.
The global IaaS market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in enterprise mobility and extensive wireless connectivity have contributed to the growth of the IaaS in the North America and Europe. However, LAMEA is expected to hold less market share in IT infrastructure and technology as compared to other regions. Middle East and Africa are expected to gain traction, but the growth would be stable during the forecast period.
Global Infrastructure-as-a-Service (IaaS) market segmentation
The global IaaS market is segmented based on component type, deployment model user type, industry vertical, and geography. Based on component type, it is classified into storage, network, compute, and others. Considering deployment model, it is divided into private, public, and hybrid models. User type covered in the study include large enterprises and small & medium enterprises (SMEs). On the basis of industry vertical, the market is categorized into banking, financial services, and insurance (BFSI); government & education; healthcare; telecommunication & IT; retail; manufacturing; media & entertainment; and others.
The global IaaS market was valued at $19,319 million in 2016, and is estimated to reach $92.075 million by 2023, growing at a CAGR of 25.3% from 20172023. The global IaaS market is expected to witness a high growth rate, due to the rise in ICT expenditure by governments in several developed and the developing regions, including North America, Europe, and Asia-Pacific.
Asia-Pacific is expected to register highest CAGR in the near future. Industry participants have realized the importance of strengthening the overall cloud infrastructure to ensure low-cost networking, servers, virtual data centers, storage solution, and easy accessibility of virtual computing from any device and location. The Asia-Pacific region, with countries, such as China, Singapore, Japan, and Australia, is an emerging region for the vendors in the IaaS market. Moreover, growth in demand for mobility in enterprises drives the market in LAMEA.
The key players profiled in the report are Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Redcentric plc., Google, Inc., VMware, Inc., Oracle Corporation, EMC Corporation, Rackspace Hosting, Inc., and Red Hat, Inc. The report discusses the key strategies adopted by the companies in addition to the current trends, upcoming opportunities, and restraints in the IaaS market growth, with detailed information about their impacts.
Top Impacting Factors
Demand for Low-cost It Infrastructure and Faster Data Accessibility
Enterprises across the globe focus on creating mobile workforce, wherein employees can access data from distant places through internet services, hence requiring virtual sets of IT components, such as servers, storage, networks, and others.
Increase in Cloud Adoption Across Several Industry Verticals
Several industry verticals, such as banking, financial services, and insurance (BFSI); retail; healthcare; manufacturing; telecommunication & IT; media & entertainment; and others, have adopted cloud services at a rapid pace.
Significant Shift to Hybrid Cloud as Primary Deployment Model
Low switching cost between private and public cloud infrastructure stimulates the demand for hybrid cloud models across several user types, which in turn is anticipated to fuel the IaaS market growth in coming years.
Lack of it Infrastructure in Underdeveloped Nations
Countries in Asia-Pacific, Latin America, Middle East, and Africa are yet to transform to technologically advanced hubs with rich IT infrastructure and digital content, which is expected to hinder the IaaS market growth in the near future.
Rise in Adoption of Cloud among SMEs
Cloud infrastructure adoption has increased among SMEs, owing to advantages such as enhanced uptime, reliability, enriched IT service, increased flexibility of data access, and operational speed.
- In-depth analysis of the global Infrastructure-as-a-Service (IaaS) market and its dynamics is provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porters Five Forces analysis examines the competitive structure of the IaaS market and provides a clear understanding of the factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enables identification of profitable segments for market players.
- Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided.
Infrastructure-as-a-Service (IaaS) Market Key Segments:
By Component Type
- Others (Professional & Managed Services)
By Deployment Model
By User Type
- Large Enterprises
By Industry Vertical
- Government & Education
- Telecom & IT
- Media & Entertainment
- Others (Business Service Providers, Energy & Utilities, and Transportation)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
The key players profiled in the report are as follows:
- Amazon Web Services, Inc.
- EMC Corporation
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Rackspace Hosting, Inc.
- Red Hat, Inc.
- Redcentric plc.
- VMware, Inc.