The Infrastructure as a service (IaaS) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s comprehensive analysis in the Infrastructure as a Service (IaaS) Global Market Report 2024, the landscape of infrastructure as a service (IaaS) has experienced a notable surge in recent times. With a projected escalation from $94.85 billion in 2024 to $108.34 billion in the same year, the market anticipates a compound annual growth rate (CAGR) of 14.2%. This momentum traces back to evolving workforce paradigms, the ascendance of DevOps and agile methodologies, strategic transitions towards outsourced IT infrastructure, globalization imperatives, and the imperatives of disaster recovery and business continuity.
Looking ahead, the IaaS market is poised for rapid expansion, foreseeing an impressive surge to $212.34 billion by 2028, reflecting a CAGR of 18.3%. This anticipated growth stems from the surge in digital transformation endeavors, heightened emphasis on cybersecurity protocols, concerted efforts towards sustainable infrastructure frameworks, the growing acceptance of hybrid and multi-cloud architectures, and the integration of artificial intelligence (AI) and machine learning (ML) capabilities. Foreseeable trends encompass the widespread adoption of serverless computing frameworks, the proliferation of containerization and Kubernetes technologies, the emergence of edge computing infrastructures, and the deepening integration of AI methodologies into software-defined infrastructure (SDI) paradigms.
A rise in number of the small and medium-sized businesses is expected to propel the growth of the infrastructure as a service (IaaS) market going forward. Small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. IaaS providers handle all of the infrastructure components, which reduces maintenance and upgrade costs for SMBs. For instance, according to the U.S. Small Business Administration (SBA), a US-based government agency, small businesses make up 99.9% of all businesses in the United States. In 2021, there were 31.7 million small businesses in the United States, which accounted for 64.2% of net new private-sector jobs created from 2010 to 2021. Thus, a rise in number of the small and medium-sized businesses is driving the growth of the infrastructure as a service (IaaS) market.
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The infrastructure as a service (iaas) market covered in this report 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
Top 5 Major Players:
Sub-Segements : Rechargeable, Non-RechargeableProminent players in the IaaS sector are actively innovating to deliver cutting-edge solutions, exemplified by the development of Watson AIOps. An innovative AI-driven platform, Watson AIOps revolutionizes IT operations management by facilitating self-detection, diagnosis, and response to IT anomalies. Launched by IBM in September 2022, Watson AIOps leverages traceable AI algorithms, instilling confidence in stakeholders regarding AI-powered recommendations and insights for mission-critical workloads. With its capacity to furnish clear and concise recommendations, Watson AIOps equips teams with swift solutions, augmenting operational efficiency and resilience in contemporary IT ecosystems.
The infrastructure as a service (iaas) market report table of contents includes:
1. Executive Summary
2. Infrastructure as a service (IaaS) Market Characteristics
3. Infrastructure as a service (IaaS) Market Trends And Strategies
4. Infrastructure as a service (IaaS) Market – Macro Economic Scenario
5. Global Infrastructure as a service (IaaS) Market Size and Growth
……
32. Global Infrastructure as a service (IaaS) Market Competitive Benchmarking
33. Global Infrastructure as a service (IaaS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Infrastructure as a service (IaaS) Market
35. Infrastructure as a service (IaaS) Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Infrastructure as a service (IaaS) Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Infrastructure as a service (IaaS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Infrastructure as a service (IaaS) Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Alphabet Inc. Financial Performance
Table 75: Google Inc. Financial Performance
Table 76: Microsoft Corporation Financial Performance
Table 77: AlibabaGroupHolding Limited Financial Performance
Table 78: Dell Technologies Inc. Financial Performance
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