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

Infrastructure as a Service Market size was valued at USD 130.08 Billion in 2023 and is poised to grow from USD 157.92 Billion in 2024 to USD 751.32 Billion by 2032, growing at a CAGR of 21.4% during the forecast period (2025-2032).

One of the main drivers pushing the infrastructure as a service (IaaS) market growth forward is the growing need for backup solutions to be made easier. IaaS is increasingly being adopted in firms due to its effectiveness and simplicity. External hard drives and flash drives can store and transfer the data, but due to their manual handling, they are not very useful for large companies, whereas IaaS benefits with the facilities of available cloud storage making data accessible from anywhere using an internet connection. IaaS systems, besides that, do not require human involvement because they automatically preserve and backup data through streaming. This reduces the burden on firms to collect, classify, and store massive amounts of data. Due to its user-friendly backup and data management capabilities, IaaS is fast becoming the favorite for companies seeking scalability and reliability. Moreover, IaaS assists companies in different situations, especially those where scalability and rapid deployment are a must. The IaaS model presents a financially viable alternative to rapidly growing organizations with very little money to invest in hardware. IaaS also assists companies with continued application workloads by not burdening them with the need to manage their infrastructure day to day and thus freeing them up to concentrate on core competencies. These are expected to drive the infrastructure as a service industry expansion very significantly over the course of the projected period.