The global infrastructure as a service (IaaS) market is
likely to exhibit a CAGR of 22.1% within a forecast period of 2015 to
2022. The market was valued at US$15.60 bn in 2014. According to a
research report released by Transparency Market Research, the global
IaaS market is expected to reach US$72.90 bn by the end of 2022. The
report, titled “Infrastructure as a Service (IaaS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”
is available for sale on the company website.A growing number of
applications of IaaS in large as well as medium enterprises will allow
the global IaaS market to achieve a 305.6% growth in revenue over the
report’s given forecast period.
The primary growth driver, as stated in
the report, is the escalating demand for disaster recovery as a service
(DRaaS). A large number of organizations are looking to DRaaS for a
higher level of data protection. Other prominent factor that is
propelling the global IaaS market is the increasing penetration levels
of hybrid cloud solutions.
The report also describes the factors
that are restraining the global IaaS market, such as higher data
security requirements, and increasing privacy protection concerns.
Another major restraint for the global IaaS market is the evolution of
the IT industry in terms of marketplace complexities and needs.The
report predicts hybrid cloud IaaS to be the fastest-growing model of
implementation from 2015 to 2022 owing to the introduction of a large
number of enterprises, which are seeking cost-effective and flexible
solutions while outsourcing their requirements of IT on to the cloud.
Geographically, the global IaaS market
was led by North America in 2014. The region accounted for more than 40%
of the global market in terms of revenue. The report expects North
America to retain its dominance over the global IaaS market in the given
forecast period. This region is expected to witness a high rate of
growth due to the increasing rate of smartphone and tablet users, along
with the increasing incorporation of hybrid cloud solutions.
Europe is expected to witness a steady
growth since the region is home to a matured IT industry, while Asia
Pacific is expected to be the fastest-growing region in the global IaaS
market for the forecast period.Latin America IaaS market is expected to
expand rapidly due to an increasing use of smartphones, a trend of using
low bandwidth applications, and a growing use of social networking
portals.
Key players of the global IaaS market are
Verizon Communications, Inc., Google, Inc., Hewlett-Packard Development
Company, L.P., Interoute Communications Ltd., Dimension Data Plc,
Joyent, Inc., Datapipe, Inc., CenturyLink, Inc., Virtustream, Inc.,
Computer Sciences Corp., VMware, Inc., Amazon Web Services, Inc., NTT
Communications Corp., Fujitsu Ltd., Rackspace, Inc., Microsoft
Corporation, Oracle Corporation, and IBM Corporation.
