Global Infrastructure as a Service Market

Infrastructure as a Service Market Size, Share, Growth Analysis, By Deployment (Hybrid, Public), By User Type (Small & Medium-Sized Enterprises, Large Enterprises), By Industry (Healthcare, Retail & E-Commerce), By Region -Industry Forecast 2025-2032

Report ID: SQMIG45A2401 | Region: Global | Published Date: December, 2024
Pages: 177 | Tables: 120 | Figures: 72

Infrastructure as a Service Market News

  • December 2023: ZKTeco, along with Amazon Web Services, recently unveiled the advanced IoT platform, Minerva, and an expansion of its cloud capabilities. Drawing on the power of AWS's robust cloud infrastructure, the companies will enable the building of a secure, scalable, and sophisticated IoT platform.
  • November 2023: Netherlands-based cloud services and Infrastructure as a Service (IaaS) supplier Leaseweb Global has launched a new Channel Partner Program in the United Kingdom. The application was targeted specifically at managed service providers. It provides a framework for building long-term sales relationships, allowing managed service providers to deliver exceptional cloud services and strategic guidance to their customers.
  • December 2022: F5 announced the availability of Distributed Cloud App infrastructure protection. The solution enhances cloud-native infrastructures' application security and observability.
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FAQs

Global Infrastructure as a Service Market size was valued at USD 107.42 Billion in 2022 and is poised to grow from USD 130.08 Billion in 2023 to USD 618.88 Billion by 2031, growing at a CAGR of 21.4% in the forecast period (2024-2031).

Major players, including Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM, and VMware are leading a very competitive landscape in the infrastructure as a service industry. Companies operate with different services: processing ability, storage, and cloud hosting. To attract the attention of businesses, suppliers within this highly competitive industry focus on innovation, scalability, security, and cost. Emerging regional players that are also small-scale companies also contribute to competition and market diversity. 'Amazon Web Services', 'Microsoft Azure', 'Google Cloud Platform (GCP)', 'Alibaba Cloud', 'Oracle Cloud', 'IBM Cloud (Kyndryl)', 'Tencent Cloud', 'OVHCloud', 'DigitalOcean', 'Linode (Akamai)', 'Dell EMC', 'Hewlett Packard Enterprise', 'Redcentric Plc.', 'International Business Machines Corporation', 'Rackspace Hosting, Inc.'

In this mode of IaaS, companies pay only for what they use, and so they scale up their IT resources as required. SMEs can now have enterprise-level computing capacity without investing significantly in such huge capital due to this pay-as-you go approach that also reduces one-time infrastructure costs. Enterprises can scale up their infrastructure instantly to match demand as they expand, and this is driving popularity in IaaS.

Hybrid and Multi-Cloud Adoption: Hybrid and multi-cloud systems are increasingly implemented by organizations for utmost utilization of IT infrastructure. This trend provides flexibility, higher security, and the reduction of risks as organizations can combine both public and private clouds to meet specific business requirements. Thereby, the demand to integrate various cloud platforms into smooth interaction is developing in the IaaS sector.

North America is the global hub of innovation for cloud technology and is way ahead in the market share for infrastructure as a service market. Within its geographical boundaries, leading businesses that offer wide IaaS solutions, such as IBM Corporation, VMware, Inc., and Amazon Web Services (AWS), exist. These businesses host, manage, and maintain a variety of IT infrastructures for public and private data centers. Organizations can have access to scalable and secure infrastructure solutions through the Internet due to the presence of data centers in multiple countries, which enhances the smooth flow of business operations. In addition, developments are encouraged by competitive pressure in North America.

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Global Infrastructure as a Service Market

Report ID: SQMIG45A2401

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