Global Infrastructure as a Service Market Set to Grow with CAGR of 25.45 % By 20

Posted by ganesha on November 8th, 2019

Global infrastructure as a service market By Component Type (Storage, Network, Computer, Others), User Type (SMEs, Large Enterprise), Industry Vertical (BFSI, Government &Education, Healthcare, Telecom& IT, Retail, Manufacturing, Media &Entertainment, Others), Solution (Managed Hosting Services, Storage As A Service, High Performance Computing As A Service, Disaster Recovery As A Service, Others), Deployment (Public Cloud, Private Cloud, Hybrid Cloud)

Market Analysis: Global Infrastructure as a Service Market

Global infrastructure as a service market is set to witness a healthy CAGR of 25.45% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for hybrid cloud platforms and technological advancement and development in the same are the factor for the growth.

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Market Restraints:

•          Dearth of proper IT infrastructure in developing country is restraining the market growth
•          Increasing security concern associated with the private cloud deployment will also hamper the growth of this  market

Market Definition: Global Infrastructure as a Service Market

Infrastructure as a service or IaaS is a cloud computing service model that is specially designed so that it can deliver virtualised computing resources through the internet. They usually provide data center space, storage, servers, hardware. Cloud computing service, software as a service and platform as a service are some of the common type of the IaaS. They are widely used in industries such as healthcare, government and education, telecom and IT, manufacturing and others. Increasing adoption of cloud in SMEs will also fuel the growth of this market.

Market Drivers:

•          Rising demand for low cost IT infrastructure acts as a market driver
•          Growing adoption of cloud in SMEs will also propel the market growth
•          Increasing demand for data backup and storage is another factor driving this market growth
•          Rising shift toward hybrid cloud as primary deployment model will also contribute as a factor for the growth of this market
•          Increasing prevalence for smart phones among population will also drive the market growth

Segmentation: Global Infrastructure as a Service Market

By Component Type

o    Storage

o    Network

o    Computer

o    Others

o    Professional & Managed Services

By User Type

o    SMEs

o    Large Enterprise

By Industry Vertical

o    BFSI

o    Government &Education

o    Healthcare

o    Telecom& IT

o    Retail

o    Manufacturing

o    Media &Entertainment

o    Others

o    Business Service Providers

o    Energy & Utilities

o    Transportation

By Solution

o    Managed Hosting Services

o    Storage As A Service

o    High Performance Computing As A Service

o    Disaster Recovery As A Service

o    Others

By Deployment

o    Public Cloud

o    Private Cloud

o    Hybrid Cloud

Key Developments in the Market:

In July 2018, Orange announced that they have acquired Basefarm Holding AS which is important part of the company’s development strategy. This acquisition will help the company to bring new technologies and advancement in their data management and Big data and multi cloud services. This will also help them to strengthen their position in the market and will expand their portfolio in public and private cloud-services

Competitive Analysis

Global infrastructure as a service market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of infrastructure as a service market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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