Infrastructure As A Service Market Size (2024 - 2029)

Infrastructure as a Service Market Analysis

The Infrastructure As A Service Market size is estimated at USD 157.12 billion in 2024, and is expected to reach USD 391.12 billion by 2029, growing at a CAGR of 20.01% during the forecast period (2024-2029).

IaaS, or Infrastructure as a service, is a cloud computing paradigm that allows businesses to rent servers for remote computing and storage applications while allocating virtualized computing resources to users over the Internet.

• More enterprises are expected to embrace IaaS due to the growth in financial, business, and other vital data across various IT sectors. The IaaS market may expand due to the rising demand for quick data access, real-time query processing, and high-speed network communication.
• Serverless computing's expanding popularity, cloud services' growing demand for hybrid clouds, and more people using the Internet. As the leading cloud service providers transition to hybrid environments, integrated IaaS services are anticipated to drive the next wave of cloud infrastructure adoption.
• End users consider IaaS a substantial cost-saving service where clients pay only for what they use because cluster cloud servers have the fastest scalability. Also, the end user saves on the installation costs of adding individual servers to the network.
• However, security worries regarding the deployment of private clouds and a lack of IT infrastructure in developing nations are also anticipated to restrain market expansion somewhat.
• The COVID-19 pandemic impacted the Infrastructure as a Service (IaaS) market, which showed significant growth then. This was because of the restrictive containment measures, such as social isolation, remote work, and the suspension of commercial activities, which created operational difficulties for businesses and encouraged cloud services.

Infrastructure as a Service Industry Segmentation

Infrastructure as a service is a type of cloud computing that provides virtualized computing resources over the internet. It is a service model that delivers computer infrastructure to support enterprise operations. IaaS is one of the layers of cloud computing platform wherein the customer organization outsources its IT infrastructure such as servers, networking, processing, storage, virtual machines, and other resources.

Infrastructure as a service market is segmented by deployment mode (public cloud, private cloud, hybrid cloud), service (managed hosting, disaster recovery as a service (DRaaS), communication as a service (CaaS), database as a service (DBaaS), storage as a service (SaaS)), end-user industry (BFSI, IT & telecom, healthcare, media & entertainment, retail) and geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.