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Infrastructure as a Service (IaaS) Market to Surge Past USD 859.67 Billion by 2031- TMR

02-28-2024 03:27 PM CET | IT, New Media & Software

Press release from: Transparency Market Research Pvt Ltd

/ PR Agency: Transparency Market Research Pvt Ltd
Infrastructure as a Service (IaaS) Market

Infrastructure as a Service (IaaS) Market

The global Infrastructure as a Service (IaaS) Market was valued at USD 54.50 billion in 2020 and is projected to reach USD 859.67 billion by 2031, reflecting a CAGR of 28.50% from 2024 to 2031. The サービスとしてのインフラストラクチャ (IaaS) 市場 is experiencing significant growth, driven by the increasing demand for cloud computing solutions and the need for businesses to be more agile and scalable.

Infrastructure as a Service (IaaS) is a cloud computing service model that provides virtualized computing resources over the internet, including servers, storage, networking, and other infrastructure components. It offers businesses the flexibility to scale resources up or down based on demand, without the need for upfront capital investment in physical hardware.

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Key Drivers:

• Cost savings and efficiency: IaaS allows businesses to pay only for the resources they use, leading to cost savings and improved resource allocation compared to traditional on-premises infrastructure.
• Increased agility and scalability: IaaS provides on-demand access to computing resources, enabling businesses to easily scale their infrastructure up or down based on their needs.
• Improved disaster recovery and business continuity: Cloud-based infrastructure offers better redundancy and disaster recovery capabilities, minimizing downtime and ensuring business continuity.
• Adoption of emerging technologies: IaaS is a critical enabler for emerging technologies like artificial intelligence, machine learning, and big data analytics, driving demand across various industries.

Competitive Landscape:

The サービスとしてのインフラストラクチャ (IaaS) 市場 is dominated by major cloud providers, including:
• 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

Recent Developments

• Edge Computing: Integration of edge computing capabilities into IaaS platforms to support real-time data processing, low-latency applications, and distributed workloads closer to end-users.
• Multi-Cloud Management: Development of multi-cloud management tools and platforms to simplify orchestration, provisioning, and monitoring of infrastructure resources across multiple cloud environments.
• AI and Automation: Deployment of artificial intelligence (AI) and machine learning (ML) algorithms for intelligent workload optimization, predictive analytics, and automated resource provisioning.

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Future Trends:

• Focus on serverless computing: Increasing adoption of serverless computing models where providers manage server infrastructure, allowing developers to focus on application development.
• Rise of edge computing: Integration of IaaS with edge computing solutions to process and analyze data closer to the source, minimizing latency and improving efficiency.
• Increased focus on sustainability: Growing focus on sustainable cloud solutions with initiatives to reduce energy consumption and environmental impact.
• Expansion of managed services: Providers offering managed services alongside IaaS, providing additional support and expertise for businesses.

Strategies for Market Players

• Service Innovation: Continual innovation in service offerings, including new instance types, storage options, security features, and management tools to meet evolving customer demands.
• Market Expansion: Expansion of data center footprint and availability zones to support geographic expansion and ensure low-latency connectivity for global customers.
• Partnerships and Alliances: Collaboration with technology partners, system integrators, and industry vertical specialists to offer integrated solutions, industry-specific expertise, and value-added services.

Market Segmentation:

• By Solution: Managed hosting, storage as a service (SaaS), disaster recovery as a service (DRaaS), colocation, network as a service (NaaS), content delivery networks (CDNs), high-performance computing as a service (HPCaaS)
• By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
• By End User: Enterprises, Small and Medium-sized Businesses (SMBs), Government Agencies

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Why Buy This Report?

Purchasing this research report provides:
• Comprehensive analysis of market trends, drivers, and challenges shaping the Infrastructure as a Service (IaaS) market.
• Insights into market opportunities and strategic recommendations for stakeholders.
• Competitive intelligence on leading market players and their strategies.
• Understanding of the impact of recent developments and technological advancements on the market.
This report serves as a valuable resource for cloud service providers, enterprises, IT decision-makers, investors, and policymakers seeking to navigate the evolving landscape of the Infrastructure as a Service (IaaS) market and capitalize on emerging opportunities.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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