Increase in the demand for low cost but advanced information technology (IT) infrastructure, growing adoption of hybrid cloud based platforms by small and medium scale organisations and surge in the volume of organizational data are the major factors attributable to the growth of the infrastructure as a service market. Data Bridge Market Research analyses that the infrastructure as a service market will exhibit a CAGR of 25.58% for the forecast period of 2021-2028. This means that the infrastructure as a service market would stand tall at a market value of USD 123.01 billion by 2028.
Crafted by a team of seasoned researchers, forecasters, analysts, and managers, the exceptional
Infrastructure as a Service Market research report embodies expertise and innovation. Seamlessly merging proficient capabilities and top-notch resources in research, data collection, development, consulting, evaluation, compliance, and regulatory services, this report stands as a pinnacle in world-class market research. In today's fiercely competitive landscape, staying well-informed about market dynamics is paramount, and this exceptional report is the key to achieving that insight. It meticulously segments markets based on coverage, geographic scope, study duration, currency considerations, and pricing.
Within its comprehensive market overview, this Infrastructure as a Service Market report dissects market drivers, restraints, opportunities, and challenges, offering invaluable insights that empower businesses to make informed decisions. Tailored to cater to customer requirements, this report becomes an invaluable tool in enhancing return on investment (ROI) for businesses. The estimations of Compound Annual Growth Rate (CAGR) values play a pivotal role, aiding businesses in strategic investment planning over the specified period. This Infrastructure as a Service Market research report doesn't just scratch the surface; it conducts a systematic and comprehensive study, presenting factual and statistical insights pertinent to various facets within the marketing domain.
Overview of Infrastructure as a Service Market:
Infrastructure as a service is a cloud computing service that eliminates the need for an on-site data centre. Infrastructure as a service provides access to the servers across varying geographical locations using cloud and internet. They are used to generate visualized computing resources by a wide range of end user verticals.
Dynamics Growth Drivers and Scope of Infrastructure as a Service Market
Growth Drivers:
Increased adoption of hybrid cloud as primary deployment models by the end user verticals will emerge as the major market growth driving factor. Rising proliferation of smartphones especially in the developing economies and growing research and development activities by the various verticals will further aggravate the growth of the market. Growth in the volume of organizational data and rise in the demand for data backup and storage solutions are some other factors bolstering the growth of market.
Scope:
The infrastructure as a service market is segmented on the basis of component type, user type, industry vertical, services and deployment. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
Regional Analysis/Insights of Infrastructure as a Service Market:
North America dominates the infrastructure as a service market and will continue to flourish its trend of dominance during the forecast period owing to the increased adoption of hybrid cloud solutions by the enterprises. Asia-Pacific will however, register the highest CAGR for this period. This is because of the increased penetration of internet in the region.
The major companies which are dealing in the Infrastructure as a Service Market:
The major players covered in the infrastructure as a service market report are Google LLC, IBM, Microsoft, Oracle., Amazon Web Services, Inc.,FUJITSU, Lenovo, VMware Inc.,RACKSPACE TECHNOLOGY, Red Hat, Inc., Redcentric plc.,
www.javatpoint.com., Gartner, Inc., Cloud4C, Larsen & Toubro Infotech Limited, NetApp, Accenture., Wipro Limited, MuleSoft LLC and Telefónica S.A., among other domestic and globalplayers. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
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Thorough examination of prevailing market tendencies
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Updates on the latest product advancements and innovations
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Infrastructure as a Service Market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
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Strategies and activities of prominent players and brands in the field
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Insights into the industry landscape for emerging participants
Segmentation of Infrastructure as a Service Market:
By Component Type (Storage, Network, Computer and Others), User Type (Small and Medium Scale Enterprises and Large Enterprises), Industry Vertical (Banking Financial Services and Insurance, Government and Education, Healthcare, Telecom and IT, Retail, Manufacturing, Media and Entertainment and Others), Services (Managed Hosting Services, Storage As A Service, High Performance Computing As A Service, Disaster Recovery As A Service, Data Centre as a Service, Desktop as a Service, Application hosting as a Service and Others), Deployment (Public Cloud, Private Cloud and Hybrid Cloud)
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