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Infrastructure-as-a-Service (IaaS) Market Segmentation by Deployment Type (Public Cloud IaaS, Private Cloud IaaS, Hybrid Cloud IaaS); by Component (DRaaS, STaaS, NaaS, HPCaaS, and Others); by Enterprise Size (Small & Medium-sized Enterprises, Large Enterprises); by End-User (BFSI, IT & Telecommunications, Media & Entertainment, Manufacturing, Healthcare, Retail & E-commerce, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • July 2020: VMware, Inc. acquired Datrium, Inc. to bolster its DRaaS portfolio. Datrium DRaaS solution was designed to deliver an end-to-end cloud driven user experience which helped VMware expand on the existing performance-optimized VMware Site Recovery DRaaS solution with a cost-optimized strategy.

Global Infrastructure-as-a-Service (IaaS) Market Highlights Over 2022 – 2031

The global infrastructure-as-a-service (IaaS) market is estimated to be worth approximately USD 257 Billion by the end of 2031, by growing at a CAGR of ~24% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to increasing digitalization and technological advancements, high demand for managed cloud computing services, and adoption of IaaS solutions led by increasing need for organisations to reduce the IT burden and lower the incurred cost. Furthermore, government initiatives to encourage the adoption of the internet and other advanced technologies in their economies are supporting the growth in this market.

Infrastructure-as-a-Service (IaaS) Market

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Infrastructure-as-a-service (IaaS) is a cloud computing form with which organisations can outsource their data center capabilities to an external cloud service provider. It frees up human resources and allows consumer to adjust processing capacity by scaling the infrastructure resources in an automated manner. Along with platform-as-a-service (PaaS) and software-as-a-service (SaaS), IaaS forms one of the core service models of cloud computing and is the second largest segment of the global public cloud market.

Moreover, benefits such as cost-effectiveness owing to optimum utilization of computing resources, efficient management and data control, and escalating demand of disaster recovery, storage, and virtualization are also responsible for the upsurge adoption of IaaS solutions.

However, concerns over data protection, privacy and security are restraining the adoption of IaaS solutions, hindering the growth of the market. In addition to that, lack of proper infrastructure and awareness about the capabilities of cloud infrastructure are further challenging the growth of the market.

The market is segmented by deployment type into public cloud IaaS, private cloud IaaS, and hybrid cloud IaaS, out of which, the hybrid cloud IaaS segment is anticipated to hold the largest market share over the forecast period. Hybrid cloud provide integrated service by using both public and private cloud to avoid assigning all of consumer data to one system in a single server, reducing risks related to data theft and data loss. Approximately over 80% of enterprises were estimated to have a hybrid cloud strategy in 2021.

Public cloud IaaS segment is estimated to witness the highest growth during the forecast period owing to increasing adoption among SMEs on the back of its beneficial features such as cost-effectiveness, and pay-as-you-go model which requires no upfront investment. Global public cloud IaaS spending, in 2021, was estimated to be over USD 90 Billion.

Infrastructure-as-a-Service (IaaS) Market Trends

Based on component, the market is segmented into disaster recovery as a service (DRaaS), storage as a service (STaaS), network as a service (NaaS), high performance computing as a service (HPCaaS), and others, out of which, the disaster recovery as a service (DRaaS) segment is projected to hold the largest share of the global market owing to increasing utilisation of DRaaS by organisations in order to protect their data and restore it efficiently to avoid data management disasters including human-made errors and cases of data theft.

On the basis of enterprise size, the market is segmented into small & medium-sized enterprises and large enterprises, out of which, small & medium sized enterprises segment is anticipated to witness the highest growth over the forecast period owing to increasing adoption of IaaS solutions on the back of low investments and IT expenditure.

The global IaaS market is further segmented on the basis on end-user into BFSI, IT & telecommunications, government, media & entertainment, manufacturing, healthcare, education, and others, out of which, BFSI segment is expected to hold the largest market share over the forecast period owing to increasing adoption of IaaS solutions on the back of benefits such as cost savings, data protection, and disaster recovery services in order to maintain business continuity with large volumes of confidential business and financial data.

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure (% of GDP), 2015-2018

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Infrastructure-as-a-Service (IaaS) Market Regional Synopsis

Geographically, the global IaaS market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America region is expected to hold the largest market share owing to the presence of advanced IT infrastructure and high penetration of hybrid cloud in the region. For instance, the cloud infrastructure services spending in the United States in 2021 was approximately USD 19 Billion, an increase of nearly 30% from that of 2020.

Asia-Pacific region is projected to register highest growth over the forecast period owing to rapid adoption of cloud infrastructure to ensure low-cost networking, and storage solutions. Furthermore, increasing investments in IT infrastructure in countries such as China, India, and Australia are providing potential growth opportunities for the market.

Infrastructure-as-a-Service (IaaS) MarketShare

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The global infrastructure-as-a-service (IaaS) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global infrastructure-as-a-service (IaaS) market includes the following segments:

By Deployment Type

  • Public Cloud IaaS
  • Private Cloud IaaS
  • Hybrid Cloud IaaS

By Component

  • Disaster Recovery as a Service (DRaaS)
  • Storage as a Service (STaaS)
  • Network as a Service (NaaS)
  • High Performance Computing as a Service (HPCaaS)
  • Others

By Enterprise Size

  • Small & Medium-sized Enterprises
  • Large Enterprises

By End-User

  • BFSI
  • IT & Telecommunications
  • Media & Entertainment
  • Manufacturing
  • Healthcare
  • Retail & E-commerce
  • Others

Growth Drivers

  • Increasing digitalization and technological advancements
  • High demand for managed cloud computing services
  • Increasing adoption of IaaS solutions to lower the IT burden and incurred cost

Challenges

  • Concerns over data protection, privacy and security
  • Lack of proper infrastructure and awareness about the capabilities of cloud infrastructure

Top Featured Companies Dominating the Market

  • VMware, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOTAnalysis
  • Nutanix
  • Cisco Systems, Inc.
  • Microsoft
  • Google Cloud
  • Dell Inc.
  • Amazon Web Services, Inc.
  • IBM
  • Oracle
  • Alibaba Cloud (Alibaba Group)
  • Red Hat, Inc.

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