Infrastructure as a Service (IaaS) Market to grow by USD 548.92 billion between 2022 - 2027 | The growing need to simplify solutions for backup to drive growth - Technavio
Saturday, September 23, 2023
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The Infrastructure as a Service (IaaS) Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the infrastructure as a service (IaaS) market between 2022 and 2027 is USD 548.92 billion. The growing need to simplify solutions for backup drives the IaaS market. The growing adoption of infrastructure as a service (IaaS) across enterprises can be attributed to its convenience. The information or data is automatically saved simultaneously with the streaming, reducing the effort for enterprises to manually save, label, and track information. Hence, such advantages drive the demand for the IaaS market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
-- Market Challenge - Increasing incidences of data breaches challenge the
growth of the IaaS market. The increasing development of cloud-based
application software in the global application software industry is due
to the rising demand for IaaS applications. As such, there are also
growing concerns regarding the data security of such cloud-based
applications. Furthermore, data breaches due to the XSS, XSRF, and SQL
injection can act as a significant threat to software developers. This
is because it enables malicious third parties to access sensitive
customer data. Hence, such challenges impede the growth of the IaaS
market during the forecast period. Learn about additional key drivers,
trends, and challenges available with Technavio. Read a Sample PDF
The infrastructure as a service (IaaS) market is segmented by Deployment (Public cloud, Private cloud, and Hybrid cloud), End-user (Large enterprises and SMEs), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
-- The public cloud segment is significant during the forecast period. This
computing model in which IT services are delivered over the Internet or
through virtualization is termed a public cloud. The public cloud
segment market vendors are responsible for managing, maintaining, and
developing the pool of computing resources shared among multiple users
across the network. Hence, such factors drive the growth of the public
cloud segment of the IaaS market during the forecast period.
-- North America will contribute 35% to the growth of the global market
during the forecast period. View a Sample Report for insights into the
contribution of all the segments and regional opportunities in the
Key Companies in the infrastructure as a service (IaaS) market:
11 11 Systems Inc., Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datacom Group Ltd., Dell Technologies Inc., DigitalOcean Holdings Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Rackspace Technology Inc., Redcentric plc, VMware Inc.
The robotics as a service (RaaS) market size is estimated to grow at a CAGR of 18.29% between 2022 and 2027. The market size is forecast to increase by USD 1,497.76 million. This report extensively covers market segmentation by type (professional and personal), application (intralogistics, medical applications, surveillance and security, field robotics, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). Increased remote services and the adoption of IoT drives market growth.
The Latin America - banking-as-a-service (BaaS) market size is estimated to grow at a CAGR of 14.27% between 2022 and 2027. The market size is forecast to increase by USD 2,430.08 million. This Latin America banking as a service market report extensively covers market segmentation by component (platform and services), type (cloud-based and API-based), and end-user (large enterprise, small, and medium enterprise). The increasing adoption of BaaS solutions by end-users is the key factor driving the growth of the market.
Infrastructure As A Service (IaaS) Market Scope
Base year 2022
Growth momentum & CAGR Accelerate at a CAGR of 41.59%
Market growth 2023-2027
USD 548.92 billion
YoY growth 2022-2023 (%) 34.1
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution North America at 35%
US, China, Japan, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
11 11 Systems Inc., Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com
Inc., AT and T Inc., Cisco Systems Inc., Datacom Group Ltd., Dell Technologies Inc., DigitalOcean
Holdings Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International
Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Rackspace
Key companies profiled Technology Inc., Redcentric plc, and VMware Inc.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment
analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition
analysis for forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and
get segments customized.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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