Infrastructure-as-a-Service (IaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Infrastructure-as-a-Service (IaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global infrastructure-as-a-service (IaaS) market size reached US$ 84.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 331.6 Billion by 2028, exhibiting a growth rate (CAGR) of 23.6% during 2023-2028. 

Infrastructure-as-a-Service (IaaS) is a cloud computing service through which infrastructural tools and services are provided to enterprises using the cloud and the internet. It gives access to the servers across geographical locations and eliminates the need for an on-site data center. It enables automated deployment of servers, processing power, networking and storage. IaaS is commonly used for the test and development of web-based applications, website hosting, storage, backup and recovery, big-data analysis and high-performance computing. It also offers various benefits, such as minimal costs of operation, rapid innovation and enhanced stability, reliability and supportability.

The emerging trend of digitization, along with the rising adoption of cloud-computing services, is one of the key factors driving the growth of the market. Furthermore, the growing demand for cost-effective information technology (IT) infrastructure and faster data accessibility by various industries, including banking, financial services and insurance (BFSI), healthcare, retail, manufacturing and telecommunications, is also providing a boost to the market growth. The market is further driven by the widespread utilization of disaster recovery-as-a-service (DraaS) by organizations to protect their sensitive data and restore it effectively in case of a natural or man-made disaster. Additionally, the increasing deployment of hybrid cloud that is an integration of both private and public cloud is acting as another growth-inducing factor. This enables the organizations to process data at high-speed, share large amounts of information over the cloud and minimize the overall operational costs. Other factors, including various technological developments in the IT sector, along with extensive research and development (R&D) activities in the field of wireless technology, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global infrastructure-as-a-service (IaaS) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on deployment type, solution, end-user and vertical.

Breakup by Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

Breakup by Solution:

Managed Hosting
Disaster Recovery as a Service
Storage as a Service
Colocation
Network Management
Content Delivery
High Performance Computing as a Service
Others

Breakup by End-User:

SMBs
Large Enterprises

Breakup by Vertical:

IT and Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Retail and E-commerce
Government and Defense
Energy and Utilities
Manufacturing
Others

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key player being Amazon Web Services, Inc, Cisco Systems Inc., DXC Technology Company, Dell Technologies, Inc., Fujitsu Limited, Google LLC, International Business Machines (IBM) Corporation, Microsoft Corporation, Oracle Corporation, Profitbricks, Rackspace Technology Global, Inc., Red Hat Inc., Redcentric plc, and VMware, Inc.

Key Questions Answered in This Report:

What was the size of the global infrastructure-as-a-service (IaaS) market in 2022?

What is the expected growth rate of the global infrastructure-as-a-service (IaaS) market during 2023-2028?

What has been the impact of COVID-19 on the global infrastructure-as-a-service (IaaS) market?

What are the key factors driving the global infrastructure-as-a-service (IaaS) market?

What is the breakup of the global infrastructure-as-a-service (IaaS) market based on the deployment type?

What is the breakup of the global infrastructure-as-a-service (IaaS) market based on the solution?

What is the breakup of the global infrastructure-as-a-service (IaaS) market based on the end-user?

What is the breakup of the global infrastructure-as-a-service (IaaS) market based on the vertical?

What are the key regions in the global infrastructure-as-a-service (IaaS) market?

Who are the key players/companies in the global infrastructure-as-a-service (IaaS) market?