Market Highlights
The global infrastructure as a service market is growing exponentially across North America, Europe, Asia Pacific, and rest of the World. In North America, the infrastructure as a service (IaaS) market is experiencing a huge demand due to increasing use of Infrastructure as a service platform among small and medium-sized organizations and growing demand for hybrid cloud. Infrastructure as a service is used for making business decisions as it offers resource sharing among a large number of networks.
Infrastructure as a Service Market Size was valued at USD 21.3 billion in 2021. The market industry is projected to grow from USD 26.43 Billion in 2022 to USD 119.82 billion by 2030
The North American region is experiencing huge demand in infrastructure as a service (IaaS) due to increasing demand for hybrid cloud computing as it offers high operational efficiency to large organizations. While in APAC region, the infrastructure as a service is gaining momentum due to the increasing penetration of internet services, and high adoption of smart devices among users..
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Global Infrastructure as a Service Market, Key Players
The prominent players in the global Infrastructure as a Service (IaaS) market are Amazon Web Services Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Cisco Systems Inc (U.S.), HCL Technologies Limited (India), Accenture (Republic of Ireland), Computer Sciences Corporation (U.S.), VMware, Inc. (U.S.), Rackspace Inc. (U.S.), Oracle Corporation (U.S.) and Fujitsu Ltd (Japan)
Global Infrastructure as a Service Market Segmentation
The global infrastructure as a service market is segmented on the basis of the solution, deployment type, end-user, verticals, and region. The solution segment is further sub-segmented as managed hosting services, storage as a service, high-performance computing as a service, disaster recovery as a service, network management, and content delivery services. The deployment type is sub-segmented into the public cloud, private cloud, hybrid cloud. The end user is segmented into SMEs and large enterprises. The verticals are segmented into IT & telecom, BFSI, healthcare, retail and e-commerce, government & defense and among others. The market is covered across North America, Europe, Asia Pacific, and Rest of the World.
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Infrastructure as a Service Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America Infrastructure as a Service market accounted for USD 9.4 billion in 2021 and is expected to exhibit a noteworthy CAGR growth during the study period. This is attributed to the presence of large IT infrastructure, the presence of major players, and rising new product launches or upgrades by major players in this region.
Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. Europe Infrastructure as a Service market accounts for the second-largest market share due to the growing investments by major players in this region and new product launches. Further, the Germany Infrastructure as a Service market held the largest market share, and the UK market was the fastest growing market in the European region.
The Asia-Pacific Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the growing retail sector and the rising need for data management. Additionally, the growing number of SMEs, increasing penetration of smart devices, and rising adoption of digital trends is also boosting the growth of the Infrastructure as a Service market in this region during the forecast period. Moreover, China's market held the largest market share, and the India's Infrastructure as a Service market was the fastest-growing market in the Asia-Pacific region.
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