The increasing demand for hybrid computing, faster implementation, scalability, and accessibility of the IT system are driving factors of infrastructure as a service market growth. The adoption of cloud computing is increasing among various verticals including IT & telecom, BFSI, healthcare, retail & e-commerce due to maximum utilization of IT resources and cost-effective cloud computing services among organizations. The increasing adoption of multi-cloud and cloud-based IaaS platform are also boosting the market growth of infrastructure as a service. The cloud-based IaaS platform has a huge demand in large enterprises as it enhances the IT services and fast data accessibility. Whereas, lack of IT infrastructure and data security on the cloud are some factors which are hampering the market growth.
The major players such as Google LLC (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Cisco Systems Inc (U.S.), HCL Technologies Limited (India), are the leading providers of Infrastructure as a Service (IaaS) solutions across the world. On Apr 23, 2018, Tech Data Corp. has introduced StreamOne Cloud Marketplace in India. This StreamOne Cloud is capable of managing cloud services including Software as a Service (SaaS), Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). With the help of cloud services, the company is delivering advanced offerings such as assessment, migration, security, and monitoring.
Segmentation of Global Infrastructure as a Service (IaaS) Market
The global infrastructure as a service (IaaS) market is segmented on the basis of the solution, deployment type, end-user, verticals, and region. The solution segment is further sub-segmented as managed hosting services, storage as a service, high-performance computing as a service, disaster recovery as a service, network management, and content delivery services. Further, Storage as A Service is sub-segmented into network attached storage and storage area network-based storage. The deployment type is sub-segmented into the public cloud, private cloud, hybrid cloud. The end user is segmented into SMEs and large enterprises. The verticals are segmented into IT & telecom, BFSI, healthcare, retail and e-commerce, government & defense and among others. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.
Global Infrastructure as a Service (Iaas) Market Is Estimated To Reach Usd ~ 59 Billion By The End Of The Forecast Period, At A Cagr Of ~23%.