Straits Research, a leading market research firm, has released a comprehensive report on the Infrastructure-as-a-Service (IaaS) Market, revealing that the market was valued at USD 58 billion in 2021 and is projected to reach USD 385 billion by 2030, growing at a CAGR of 23.4% during the forecast period (2022 – 2030).
Market Definition
Infrastructure-as-a-Service (IaaS) refers to a cloud computing model that provides virtualized computing resources over the internet. IaaS allows businesses to rent computing infrastructure—such as servers, storage, networking, and virtualization—on-demand rather than investing in expensive hardware. With IaaS, companies can scale their infrastructure based on their needs, paying only for the resources they use. The model has become increasingly popular due to its cost-effectiveness, flexibility, and scalability, offering significant advantages for businesses looking to streamline operations and reduce overhead.
For a full PDF sample copy of the report, visit: https://straitsresearch.com/report/infrastructure-as-a-service-market/request-sample
Latest 3 Trends in the IaaS Market
Adoption of Hybrid Cloud Infrastructure – Many organizations are adopting hybrid cloud solutions, which combine private and public clouds to optimize resource management and increase operational flexibility. IaaS is key to facilitating this transition.
Growing Demand for Artificial Intelligence and Machine Learning – IaaS is playing a crucial role in enabling the use of AI and ML technologies, offering scalable infrastructure to support data-heavy applications.
Expansion of Cloud-native Application Development – With businesses increasingly moving toward cloud-native application development, IaaS is helping in the seamless deployment and scalability of these applications.
Growth Factors Driving the IaaS Market
Cost Reduction – Organizations are increasingly moving to IaaS solutions to minimize capital expenditure (CapEx) and reduce costs associated with maintaining on-premises infrastructure.
Enhanced Scalability and Flexibility – The ability to scale computing resources up or down based on demand is a key growth factor, enabling businesses to adapt to changing requirements and optimize operations.
Increase in Cloud Adoption – As more enterprises migrate to cloud-based environments, the demand for IaaS solutions has surged, propelling the growth of the global market.
Market Segmentation
The IaaS market is segmented as follows:
By Service Model
By Deployment
By Application
By End-User Industry
By Region
Access Detailed Segmentation at: https://straitsresearch.com/report/infrastructure-as-a-service-market/segmentation
Key Questions Answered by the Report
Table of Content
Key Players in Infrastructure-as-a-Service Market
Dominated Region: Asia-Pacific
Asia-Pacific holds the largest share of the global IaaS market due to the increasing adoption of cloud services in emerging economies like China, India, and Japan. The region is also witnessing rapid growth in cloud infrastructure deployments, particularly driven by the IT and BFSI sectors.
Fastest Growing Region: Europe
Europe is expected to register the fastest growth in the IaaS market during the forecast period due to increasing investments in cloud infrastructure and high demand for hybrid cloud solutions.
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Conclusion
The Infrastructure-as-a-Service (IaaS) Market is set for remarkable growth, with an expected increase from USD 58 billion in 2021 to USD 385 billion by 2030. The market’s expansion is being fueled by factors like cost efficiency, scalability, and the surge in cloud adoption. As more businesses and industries rely on cloud infrastructure, companies offering IaaS solutions are well-positioned to cater to this growing demand. With emerging trends and continuous technological advancements, the IaaS market is expected to remain a critical component of the cloud computing ecosystem.
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