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Cloud Computing Market Size, Trends | Forecast 2032

The Infrastructure as a service (IaaS) Global Market Report 2023 by The Business Research Company, provides infrastructure as a service (IaaS) market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Infrastructure as a service (IaaS) Global Market Report 2023, the global infrastructure as a service (iaas) market size will grow from $81.16 billion in 2022 to $96.93 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global infrastructure as a service (iaas) market is expected to grow to $189.52 billion in 2027 at a CAGR of 18.2%.

Rise in cloud adoption across several industry verticals such as banking, financial services and insurance (BFSI), government and education, healthcare, IT and telecom, retail, manufacturing, media and entertainment, and more at a rapid pace is expected to propel the market growth of infrastructure as a service market during the forecast period. Several industries are adopting IaaS owing to benefits such as low cost and improved reliability and scalability. The banking sector is one such where a higher rate of Iaas adoption is witnessed due to the substantial benefits of cloud computing, including data analytics, AI-driven analytics with the machine and deep learning algorithms, agility, and scale. Cloud computing allows banking organizations to make changes and add new functionality quickly.

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The infrastructure as a service (IaaS) market is segmented:

1) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud

2) By Application: Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS)

3) By End User: Small And Medium Enterprises (SMEs), Large Enterprises

4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Education, Healthcare, IT And Telecom, Retail, Manufacturing, Media And Entertainment, Other Industry Verticals

5) By Operation: Rechargeable, Non-Rechargeable

Distributed cloud, referred to the availability of public cloud services in different physical solutions while the provider remains responsible for the operation, governance, updates and evolution of the services, is expected to be one of the major opportunities for the development of the infrastructure as a service market. This distributed cloud model is advantageous to the organizations that have faced issues related to the physical locations in the past. This will allow infrastructure and operations organizations to place the public cloud services at the locations of their choice which will attract consumers who are willing to modernize using the public cloud. The rise of Edge cloud computing and multi-cloud computing will eventually result in the rise to the concept of distributed cloud. By 2020, organizations such as Amazon Web Services Outposts, Google Cloud Anthos, and Microsoft Azure Arc., have initiated the edge cloud computing. With the increase in different industry verticals towards cloud-based services, the trend of distributed cloud which overcomes the challenges of physical location constraints will prove to be one of the major opportunities for the market growth during the forecast period.

The infrastructure as a service (IaaS) market report table of contents includes:

Executive Summary
Infrastructure as a service (IaaS) Market Characteristics
Infrastructure as a service (IaaS) Market Trends And Strategies
Infrastructure as a service (IaaS) Market – Macro Economic Scenario
Infrastructure as a service (IaaS) Market Size And Growth

Africa Infrastructure as a service (IaaS) Market
Infrastructure as a service (IaaS) Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Infrastructure as a service (IaaS)

Market