INFRASTRUCTURE AS-A-SERVICE MARKET ANALYSIS

Infrastructure As-A-Service MarketSize and Trends

The global infrastructure-as-a-service market size was valued at US$ 52.5 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 22.7% from 2023 to 2030.  The rise in infrastructure-as-a-service solutions is due to a host of factors such as increasing demand for cloud computing, developing trend of digitization and increasing adoption of IaaS by various industries. Moreover, the demand for infrastructure-as-a-service is also increasing because of its ability to provide cost-effective IT infrastructure.

Global Infrastructure-As-A-Service Market Trends:

Cost optimization and distributed cloud computing driving adoption of cloud is a recent trend

The need for distributed cloud infrastructure applications and databases will increase in the future to cater the modern workflow and their needs. Distributed cloud computing is now regionally dispersed infrastructure that can run services mainly at the edge of the network and help companies reduce network congestion, latency, and risk of losing data. This trend is likely to continue in the global infrastructure-as-a-service market over the forecast period.

Telecom & IT segment is gaining traction in the market

The acceptance of cloud-based services is widespread in the industry, due to which, telecommunication and IT sector are likely to grow with rapid pace in the infrastructure-as-a-service market. This sector produces a large amount of financial, personal, and healthcare data. Many telecom companies are preparing to offer cloud IaaS, as it can manage several operational demands. Thus, this is in turn expected to support growth of the global infrastructure-as-a-service market over the forecast period.