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Cloud Infrastructure-as-a-Service Market

Cloud Infrastructure-as-a-Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Cloud Infrastructure-As-A-Service: Introduction

  • Infrastructure-as-a-Service (IaaS) is a model whereby an organization can outsource the equipment used to support operations, including storage, hardware, network components, and servers. The service provider owns the devices and is responsible for their operation, housing, and maintenance.
  • A cloud infrastructure-as-a-service is like any cloud technology; it is accessed through the Internet via the data center of a cloud provider, which is responsible for the management and maintenance of traditional on-premise hardware, such as servers and further storage devices, for visualization and networking
  • It offers freedom to the customer to manage data, applications, middleware, and other operating systems
  • Cloud infrastructure-as-a-service provides various important infrastructure services such as security, network monitoring, billing, load balancing, and disaster recovery
  • Cloud infrastructure-as-a-service also offers advanced orchestration and automation to simplify application management and performance, as well as making it easier to install operating systems, start virtual machines, deploy middleware, and back up and store workloads
  • The cloud infrastructure is generally divided into three parts, such as computing, networking, and storage, which work together to create a cloud service
  • With infrastructure-as-a-service, cloud services are primarily managed by an enterprise, including data, runtime, applications, operating systems, and middleware; however, the cloud provider is responsible for services, networking, storage, and virtualization
cloud infrastructure as a service market size and forecast

Global Cloud Infrastructure-As-A-Service Market: Dynamics

Global Cloud Infrastructure-As-A-Service Market: Key Drivers

  • Increasing disaster recovery plans, decreased IT structure, and support for business continuity are some significant factors that are projected to drive the cloud infrastructure-as-a-service market during the forecast period
  • The cloud significantly eliminates or reduces the operating costs of a company that sets up and manages its own data center. With a cloud infrastructure, a company pays for hardware, software, servers, energy bills, and IT professionals that need to be managed, while paying only for necessary services. This is likely to propel the cloud infrastructure-as-a-services market.
  • Cloud Infrastructure-as-a-service can improve the efficiency and uptime of business systems, while enabling employees and external partners to access shared data on mobile devices anytime, anywhere. With cloud infrastructure managing processes, a company becomes more business-focused than IT-focused, which in turn is expected to fuel the cloud infrastructure-as-a-service market in the next few years.
  • The market of cloud infrastructure-as-a-service is expected to expand during the forecast period due to the security factor. Cloud infrastructure providers and technologies are constantly improving protection against viruses, hackers, and other data breaches with advanced encryption keys, stronger firewalls, and a hybrid approach.
  • However, glitches in an internet or intranet connection, limited access to data, tools, and applications stored on a server, and concerns about application reliability and performance are some factors that are expected to restrain the cloud infrastructure-as-a-service market.
cloud infrastructure as a service market dynamics

Impact of COVID-19 on the Global Cloud Infrastructure-As-A-Service Market

  • The COVID19 pandemic prompted the demand for technologies, such as cloud computing, to analyze patient data. Increase in the number of electronic medical records is fuelling the utilization of extremely scalable and secure cloud storage solutions healthcare providers in order to cater to a large number of cases.
  • Even before the pandemic, customers of IT companies were increasingly looking for a transition to a variable cost model for their central computing, network capabilities, and storage. They were looking for cloud-like offerings and pay-as-you-go services to enable this transition.
  • Therefore, the COVID-19 pandemic has had a positive impact on the global cloud infrastructure-as-a-service market

North America to Hold Major Share of Global Cloud Infrastructure-As-A-Service Market

  • The global cloud infrastructure-as-a-service market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America accounted for a prominent share of the global cloud infrastructure-as-a-service market due to the availability of advanced digital infrastructure and the increased demand for cloud computing in educational institutions. The U.S. is a rapidly expanding market for cloud infrastructure-as-a-service, as numerous U.S.-based companies work together to improve their business and maintain their strong presence in the global market.
  • The market in Asia Pacific is projected to expand at a notable CAGR in the near future, and industry participants have recognized the importance of strengthening the entire cloud infrastructure to provide low-cost networks, servers, storage solutions, virtual data centers, and easy access to virtual machines.
cloud infrastructure as a service market region analysis

Global Cloud Infrastructure-As-A-Service Market: Competition Landscape

  • Various key players are active in the cloud infrastructure-as-a-service market such as Microsoft Corporation, Cisco Systems Inc., etc.
  • In February 2021, Microsoft launched a new Azure Stack Hyperconverged Infrastructure (HCI) hybrid cloud solution in India, which enables organizations to run and build cloud-native applications with unified access to local cloud services using existing tools, processes, and capabilities.
  • In March 2021, Cisco started its Network-as-a-Service product that delivers hybrid cloud infrastructure with the introduction of Cisco Plus. The modern offering allows customers to request storage, compute, and networking for a precise situation and then pay per month, based on usage.

Key players operating in the global cloud infrastructure-as-a-service market include:

  • Microsoft Corporation Inc.
  • Amazon Web Services, Inc.
  • The Hewlett-Packard Company
  • Datapipe Inc.
  • Google Cloud Platform
  • Alibaba Cloud
  • IBM
  • Dell Technologies
  • Cisco Systems
  • Oracle Corporation
  • Adobe Inc.,
  • SAP SE
  • Fujitsu Limited
  • ProfitBricks Inc.
  • Rackspace Technology, Inc.
  • Huawei Technologies Co., Ltd.

Global Cloud Infrastructure-as-a-Service Market: Research Scope

Global Cloud Infrastructure-as-a-Service Market, by Enterprise Size

  • Small and Medium Enterprises
  • Large Enterprises

Global Cloud Infrastructure-as-a-Service Market, by Deployment

  • Public cloud
  • Private cloud
  • Hybrid cloud

Global Cloud Infrastructure-as-a-Service Market, by End-user

  • BFSI
  • Retail
  • Healthcare
  • Manufacturing
  • Telecommunication & IT
  • Media & Entertainment

Global Cloud Infrastructure-as-a-Service Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
Cloud Infrastructure-as-a-Service Market

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