Cloud Infrastructure as-a-Service Market growing at a CAGR of 20.5% during 2020-2025 | Global Based on Organization, Type, Applications

Fri Jan 10, 2020 - 2:00am GMT+0000

The global cloud Infrastructure-as-a-Service market was valued at USDx.x Bn in 2018 and is expected to reach USD’s xx.x Bn by 2026, growing at a CAGR of 20.5% during the forecast period.

Dublin, United States – January 9, 2020 /MarketersMedia/

Infrastructure-as-a-Service (IaaS), also known as Hardware-as-a-Service (HaaS), is a form of cloud computing service model that provides virtualized computing resources over the internet. It provides public and private storage and data centre space and servers or network component. It is one of the four main fundamental models of cloud computing, besides Private-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Serverless. The rise in demand for Infrastructure-as-a-Service for disaster recovery plans and for reducing investment in IT Infrastructure and skilled resources is one of the important factors that is driving the demand for cloud Infrastructure-as-a-Service systems.

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Based on Deployment:
The cloud Infrastructure-as-a-Service market has been segmented into public, private, and hybrid. The public cloud deployment segment is expected to have the highest market share during the forecast period. The growing demand for public cloud owing to its ease of deployment, simplicity, and minimal initial investment requirement is a key factor that is expected to boost the demand for this segment. Further, it also offers flexibility, reliability, scalability, and location independent services, which is anticipated to drive the growth of this segment.
Based on Type, the Storage-as-a-Service segment is expected to hold the largest share in the market during the forecast period.

Based on Type:
The market has been segmented into Computing as a Service, Storage as a Service, Disaster Recovery and Backup as a Service, Networking as a Service, and others. The other segment includes managed hosting and desktop as a Service. The storage-as-a-Service segment is expected to hold the largest share in the market during the forecast period. Industries across all sizes are using cloud infrastructure services for reducing the cost of server space, increasing proficiency, and for remotely accessing data. The growing use of Storage-as-a-Service as a central part of business process, owing to its flexibility, low operating cost, and ease of use, is expected to fuel the demand for cloud Infrastructure-as-a-Service.
Based on Applications, the IT & Telecom segment is anticipated to have the highest share in the market during the forecasted period.

Based on applications:
The market has been segmented into IT & telecom, BFSI, healthcare, retail and e-commerce, government & defence, and others. The other segment includes media & entertainment and manufacturing. The IT & telecom segment is anticipated to have the highest market share during the forecast period. The growing requirement for cloud Infrastructure-as-a-Service to manage internet data centres, and multi-network integration and cloud computing trends are expected to accelerate the demand for cloud Infrastructure-as-a-Service.

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Based on Organization Size:
The SMEs segment is anticipated to have the highest share in the market during the forecast period:
Based on Organization Size, the market has been segmented into large enterprises and SMEs. The SMEs segment is anticipated to have the highest market share during the forecast period. The growing need for secured Infrastructure for optimizing data storage and management among small and medium enterprises is expected to drive the demand for cloud Infrastructure-as-a-Service. Also, these services allow enterprises to move from capital expenditure (CapEx) to operational expenditure (OpEx). These factors are anticipated to drive the growth of this segment.
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Source URL: https://marketersmedia.com/cloud-infrastructure-as-a-service-market-growing-at-a-cagr-of-205-during-2020-2025-global-based-on-organization-type-applications/88942195

Source: MarketersMedia

Release ID: 88942195

This news is published on Reuters.