The Infrastructure As a Service Market is growing continually, witnessing the rising governance demand. IaaS misconfigurations and inadvertent sensitive data storage exposure over the past couple of years increase the market demand, causing significant breaches. Besides, the growing demand for sustainable security assessment & monitoring, effective data loss prevention, and malware & threat protection boost the IaaS market size.
Businesses are focusing on improving governance to prevent data loss, which impacts market growth. Simultaneously, augmenting demand for hybrid computing, faster implementation, scalability, and accessibility of the IT system define the continually growing IaaS market landscape. The increasing adoption of IaaS, multi-cloud, and cloud-based IaaS platforms escalate the IaaS market shares. The market is projected to witness significant growth in the years to come.
In this regard, Market Research Future (MRFR) asserts that the global infrastructure as a Service market would reach an exponential valuation by 2027, registering a whopping CAGR during the assessment period (2020-2027). Augmenting uptake of cloud computing across verticals including BFSI, IT & telecom, healthcare, and retail & e-commerce due to maximum IT resource utilization and cost-effective cloud computing services among organizations drive the IaaS market growth.
Conversely, the lack of technical expertise required managing IT infrastructure and cloud data security is a major factor impeding market growth. Nevertheless, the growing adoption of a cloud-based IaaS platform enhancing the IT services and data accessibility would support the market growth during the review period. Also, vast implementations of infrastructure services in large enterprises would impact the growth of the IaaS market over the forecast period.
Novel coronavirus has Infrastructure as a Service Market share to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Global Infrastructure as A Service (IaaS) Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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The outstanding players in the global Infrastructure as a Service (IaaS) market include Google LLC (U.S.), Amazon Web Services Inc. (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), HCL Technologies Limited (India), Accenture (Republic of Ireland), Cisco Systems Inc (U.S.), VMware, Inc. (U.S.), Computer Sciences Corporation (U.S.), Oracle Corporation (U.S.), Rackspace Inc. (U.S.), and Fujitsu Ltd (Japan).
The study of infrastructure as a service (IaaS) market includes segmentation, which is done over the segments of deployment type, solution, end-user, and verticals.
The solution segment is sub-segmented as storage as a service, managed hosting services, disaster recovery as a service, network management, high-performance computing as a service, and content delivery services. Among these, storage as a service is further sub-segmented into network-attached storage and storage area network-based storage.
The deployment type market has included public cloud, private cloud, and hybrid cloud.
The end-user segment includes SMEs and large enterprises.
The verticals segment has included BFSI, IT & telecom, retail, healthcare, e-commerce, government & defence and among others.
The study of global infrastructure as a service (IaaS) market has covered across regions including Asia Pacific, Europe, North America, and Rest of the World.
North America IaaS market led the global demand owed to the incidence of extensive IT infrastructure, thus mounting the demand for IaaS. Innovations in software development and the introduction of several cloud-based solutions can be accredited to the market ascendancy in this region.
The Asia Pacific is proposed to witness a noteworthy growth rate over the anticipated period and is likely to lead the infrastructure as a service market over the assessment period.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table 1 Global Infrastructure As A Service Market: By Region, 2020-2027
Table 2 North America Infrastructure As A Service Market: By Country, 2020-2027
Table 3 Europe Infrastructure As A Service Market: By Country, 2020-2027
List of Figures
FIGURE 1 Global Infrastructure As A Service Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Infrastructure As A Service Market
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