Infrastructure as a Service Market Overview

Infrastructure as a Service (IaaS) is a cloud computing service that provides basic computing infrastructure, such as virtual machines, storage, and networking, on a pay-as-you-go basis. IaaS allows businesses to quickly and easily scale their IT resources up or down as needed, without the need to invest in and maintain their own infrastructure.

The global Infrastructure as a Service market is growing rapidly, due to the increasing demand for cloud computing services from businesses of all sizes. The market is expected to reach USD 119.82 billion by 2030, at a CAGR of 24.10%.

Market Growth Drivers

The growth of the Infrastructure as a Service market is being driven by a number of factors, including:

• The increasing adoption of cloud computing by businesses of all sizes.
• The growing need for scalability and flexibility in IT infrastructure.
• The decreasing cost of cloud computing services.
• The increasing demand for disaster recovery and business continuity solutions.
• The growing popularity of hybrid cloud deployments.

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Infrastructure as a Service Market Segmentation

The global Infrastructure as a Service market is segmented by component, deployment model, enterprise size, industry vertical, and region.

By component, the market is segmented into:

• Compute
• Storage
• Networking
• Others

By deployment model, the market is segmented into:

• Public cloud
• Private cloud
• Hybrid cloud

By enterprise size, the market is segmented into:

• Small and medium-sized enterprises (SMEs)
• Large enterprises

By industry vertical, the market is segmented into:

• Banking, financial services, and insurance (BFSI)
• Government and education
• Healthcare
• Telecommunications and IT
• Retail
• Manufacturing
• Media and entertainment
• Others

By region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Players:

The key players in the global Infrastructure as a Service market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), Alibaba Cloud, IBM Cloud, Oracle Cloud Infrastructure (OCI), Rackspace, VMware, and DigitalOcean.

Regional Insights:

North America is the largest market for Infrastructure as a Service, followed by Europe and Asia Pacific. The growth of the IaaS market in North America is being driven by the increasing adoption of cloud computing by businesses in the region. The growth of the IaaS market in Europe is being driven by the increasing demand for cloud computing services from businesses in the region. The growth of the IaaS market in Asia Pacific is being driven by the increasing adoption of cloud computing by businesses in China, India, and other emerging economies.

Industry Latest News:

• In July 2023, Amazon Web Services announced that it had surpassed the 1 million customer mark for its IaaS services.
• In June 2023, Microsoft Azure announced that it had surpassed the 500 million customer mark for its IaaS services.
• In May 2023, Google Cloud Platform announced that it had surpassed the 200 million customer mark for its IaaS services.

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