INFRASTRUCTURE AS-A-SERVICE MARKET ANALYSIS

Market Challenges And Opportunities

Global Infrastructure-As-A-Service Market Drivers:

Rise in demand for faster data accessibility and low cost IT infrastructure to boost market growth

The focus of enterprises all over the world is growing on creating mobile workforces, where employees are able to access data from distant places through internet services. This in turn creates the need for virtual sets of IT components storage, servers, networks, and others. IaaS offers faster data access despite of data center location, owing to installation of common IT infrastructure. Thus, the adoption of IaaS is increasing all over the world due to the rise in need for faster data accessibility and low cost IT infrastructure. This in turn is expected to fuel growth of the global infrastructure-as-a-service market over the forecast period.

Growing adoption of cloud across various industry verticals to drive market growth

The adoption of cloud services has increased across several industry verticals such as retail, manufacturing, healthcare, BFSI, media & entertainment, telecom & IT, and several others. The adoption of IaaS is on wide scale in banking sector owing to advantages such as data protection, cost savings, and disaster recovery services. Thus, this factor is further expected to support growth of the global infrastructure-as-a-service market over the forecast period.

Global Infrastructure-As-A-Service Market Opportunities:

Increasing adoption of cloud among SMEs in developing countries is expected to offer growth opportunities in the global infrastructure-as-a-service market over the forecast period. The adoption of cloud infrastructure has increased across small and medium enterprises due to its various advantages such as enhanced reliability, uptime, increased flexibility of data access, and enriched IT service among others. Improved customer support, and replacement of conventional IT infrastructure, and enhanced business continuity is also creating growth opportunities in the market.

Growing need for reducing management cost of IT infrastructure to generate growth opportunities in the global infrastructure-as-a-service market over the forecast period. Technological innovations are leading to rising mobility, sophisticated working environment, ease of access, and digitalization development in various business verticals. Thus, the demand for reduced cost of IT infrastructure management is increasing, which is further creating growth opportunities in the global infrastructure-as-a-service market.

Global Infrastructure-As-A-Service Market Restraints:

Concerns regarding security over deployment of private cloud to hamper market growth

Several industries including retail, BFSI, public sector, and healthcare having large customer bases are at risk of retaining critical business data of stakeholders due to client information and data privacy. Deploying private cloud infrastructure can be a risk to data privacy.  The cases of security breaches and high profile hacking have increased in recent years all over the world, and private cloud networks are vulnerable to such incidents. This factor in turn is expected to hamper growth of the global infrastructure-as-a-service market over the forecast period.

Lack of IT infrastructure in underdeveloped regions to hinder the market pace

Several underdeveloped regions lack IT infrastructure, which is one of the major factor that hampers growth of the market. As per the World Economic Forum, many countries in Latin America, Asia Pacific, and the Middle East & Africa are not yet technologically advanced and lack rich IT infrastructure along with digital content. This in turn impacts adoption of IaaS in these region. Thus, this factor is expected to hamper growth of the global infrastructure-as-a-service market over the forecast period.