Global IaaS Market was valued at US$15.6 bn in 2014 and is expected to grow at a CAGR of 22.1% from 2015 to 2022, reaching US$73.9 bn by the end of forecast period
Albany, NY -- (SBWIRE) -- 07/14/2016 -- Transparency Market Research (TMR) has recently announced the publication of a new study on the global infrastructure as a service (IaaS) market. According to the report, titled "Infrastructure as a Service (IaaS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," this market is likely to increase from a value of US$15.6 bn in 2014 to a value of US$73.9 bn by 2020. Analysts expect this market to register a CAGR of 22.10% between 2015 and 2022.
Infrastructure as a service (IaaS) is one of the fundamental service models of cloud computing. It offers an easy access to virtualized computing resources on the Internet. The global market for IaaS has gained significant momentum across the world, thanks to its increasing popularity among large enterprises as well as MSMEs. The growing trend of bring your own device (BYOD) is propelling the adoption of IaaS in enterprises substantially, states the report.
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On the other hand, the lack of data privacy and security solutions is projected to limit the growth of this market considerably during the forecast period. However, lucrative opportunities exhibited by emerging economies of Asia Pacific, owing to their economic advancements, are anticipated to open new avenues of success for the market participants. Apart from this, the increasing utilization of portable devices is also projected to offer an opportunity-rich market for players, notes the study.
The report studies the global IaaS market on four fronts: Implementation, service, end user, and region. Based on implementation, the hybrid cloud IaaS segment is likely to record the fastest growth in the overall market during the forecast period. Based on service, the STaaS segment led the overall market in 2014; however, the DRaaS segment is expected to rise at a higher rate during 2015 to 2020.
The large enterprises and SMEs have emerged as the largest end users of IaaS in the global arena and the trend is likely to remain the same in the coming years, states the research study.
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Geographically, Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa have been identified as the leading regional markets for IaaS in this report. Among these regions, North America led the overall market in 2014 with a share of more than 40%. The rising trend of cloud-based IaaS solutions is driving this regional market significantly. Experts projects North America IaaS market to remain dominant over the forecast period.
The analysis of the competitive landscape of the global market for IaaS has established this market as fragmented and highly competitive. Computer Sciences Corp., Joyent Inc., Hewlett-Packard Development Co., Microsoft Corp., Dimension Data Plc, Rackspace Inc., Fujitsu Ltd., Datapipe Inc., Google Inc., Amazon Web Services Inc., NTT Communications Corp., Interoute Communications Ltd., VMware Inc., Oracle Corp., CenturyLink Inc., IBM Corp., Virtustream Inc., and Verizon Communications Inc. are some of the leading market participants profiled in this research report.
The global IaaS market is segmented into:
Disaster recovery as a Service (DRaaS)
Compute as a Service (CaaS)
Storage as a Service (STaaS)
Data Center as a Service (DCaaS)
Desktop as a Service (DaaS)
Application Hosting as a Service
By End User
Small & Medium Enterprises/Businesses (SMEs/SMBs)
Others (Public Sector, Hospitality, Retail, etc.)
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)
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