A study on the Infrastructure as a Service (IaaS) Market has been conducted to understand the market situation in 2022.
Survey period: November 16-24, 2022
What we surveyed: We surveyed 520 market players of all sizes. Number of valid answers: 520
Survey method: 200 field surveys, 320 internet surveys
Survey Respondents: The survey was conducted among companies based on revenue. Survey results:
Q: How big is the Infrastructure as a Service (IaaS) market and what is the estimated growth rate by the end of 2035?
In 2020, the global infrastructure as a service (IaaS) market generated over US$52 billion in revenue. This market is expected to reach approximately US$872 billion by the end of 2035, growing at a CAGR of approximately 27%. This calculation was carefully done based on the growth of cloud computing around the world. About 58% of the world’s corporate data is now stored in the cloud. It is estimated that over 175 ZB of data will be stored in the cloud by 2025. [Image 1
Question: What are the factors driving the growing demand for the Infrastructure as a Service (IaaS) market?
Moving to the cloud reduces an organization’s energy usage by more than 64% and reduces its carbon footprint by approximately 83%. Implementing infrastructure as a service improves your business’ ability to meet its ESG goals. Therefore, it is in high demand in many industries.
The number of data centers is increasing all over the world. We currently have about 8000 data centers around the world. This is expected to increase the demand for IaaS.
Organizations are undergoing digital transformation. This opens up a lot of possibilities for players looking to succeed in the
Infrastructure as a Service space.
The growing amount of business data generated in the
telecommunications and IT industries is creating opportunities for players in the Infrastructure as a Service (IaaS) business.
With the emergence of smart cities, the demand for IaaS is expected to increase as it provides managed, on-demand cloud edge computing services. These on-demand solutions improve application speed and scalability.
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Q: What are the challenges that limit the growth of Infrastructure as a Service (IaaS) businesses?
Apart from the cost of capital, increasing risks of data breaches and cyber threats are expected to limit market growth in the coming years. And according to a study conducted by a cloud security firm, more than 65% of SMBs in 31 countries using infrastructure as a service (IaaS) will report a ransomware attack in 2021. .
Q: What is the Infrastructure as a Service (IaaS) market classification? The infrastructure as a service (IaaS) market is segmented based on solution, deployment mode, application, and end user into: – 1. Solutions – Managed Hosting, Storage as a Service, Disaster Recovery as a Service (DRaaS), Colocation, Network Management, Content Delivery, etc.
The disaster recovery as a service (DRaaS) segment captured the largest share of the market size in 2020. A disaster recovery plan has become critical to business continuity. The number of disasters that can disrupt the functioning of an IT organization is increasing. This includes natural disasters such as hurricanes, floods, wildfires and earthquakes, equipment failures and power outages, and cyber threats. 2. Deployment Modes – Public Cloud, Private Cloud, and Hybrid Cloud Organizations are increasingly adopting hybrid cloud systems. Our research shows that more than 81% of IT leaders have adopted a hybrid cloud.
3. Applications – IT & Telecom, Healthcare, Retail & E-Commerce, Energy & Utilities, Manufacturing, Others
The retail and e-commerce segment is expected to grow in size and demand as a result of the rapid expansion of the e-commerce industry across the globe. Companies with e-commerce sites are choosing infrastructure as a service solutions that allow greater flexibility and control.
4. End Users – SMB and Enterprise
SMBs want infrastructure as a service because they don’t have to worry about the high technical aspects of running web applications. No need to spend on expensive infrastructure. SMBs simply pay for access to infrastructure through the cloud through companies like AWS, IBM, and Rackspace. Also, the growing trend of remote work and BYOD is expected to drive the adoption of IaaS solutions in SMBs.
Q: Which companies lead the Infrastructure as a Service (IaaS) business? What are the recent developments?
Fujitsu Ltd., NTT Communications Corp., Rackspace, Inc., IBM Corporation, Dimension Data Plc, Verizon Communications, Inc., Google, Inc., Hewlett-Packard Development Company, VMware, Inc., Datapipe, Inc., Microsoft Corporation , Oracle Corporation, Amazon Web Services, Inc. and others are prominent players in the Infrastructure as a Service (IaaS) market.
NTT and VMware have agreed to partner with Intel to launch new edge-focused solutions and services. NTT’s Edge-as-a-Service helps automate business processes. Bring enterprise applications to near-zero latency, optimize costs, and improve end-user experience in a secure environment.
IBM has announced that it is working with the Cloud Security Alliance. It is a non-profit organization that sets standards, certifications, and best practices to ensure secure cloud computing. This
collaboration aims to bring security and risk management to the cloud for the financial sector.
Q: Which region is expected to offer lucrative growth opportunities for the Infrastructure as a Service (IaaS) market?
The North American region holds the largest share in the
infrastructure as a service (IaaS) market. The United States is home to over 32% of the world’s number of data centers and is expected to offer many opportunities for the growth of the infrastructure as a service (IaaS) market in the region. Europe and Asia Pacific also accounted for a large share of the IaaS market in 2020. The expansion of the IT industry across the region is driving the adoption of infrastructure services in the Asia-Pacific region. Cloud spending is expected to grow by more than 10% annually over the next few years, especially in Canada, Asia Pacific, and Central and Eastern Europe. [Image 4
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