Infrastructure as a Service Market Size Structure From 2017-2022
Infrastructure as a service market critical information can be transferred in a matter of seconds across various industry verticals through bring your own devices (BYOD) methods. This improved technology helps the business to focus more on their core operations.
The infrastructure as a service (IaaS) is expected to witness an exponential growth by 2022 with a double digit CAGR. Several growth drivers such as faster implementation, scalability, flexibility, agility as provided by the market, increased competition in the market, increased demand for reducing investments on information technology dependent infrastructures, hardware, increased skilled resources are expected to bolster the growth of this market from 2015 to 2022. Infrastructure as a service is a type of cloud computing. Iaas came into picture to pool the resources related to physical computers to virtualization such as servers, load balancers, bandwidth, and network connections. For the past two years, organizations and enterprises are shown heavy adoption of “service� in the form of cloud infrastructure. These are called cloud service providers or Browse Full Research Report @ https://www.millioninsights.com/industry-reports/infrastructure-as-a-service-iaas-market
CSPs. Organizations have shown increased adoption because of growing volume of sensitive data which includes several financial transactions, customer details, order requests, invoices to mention a few. In order to manage these huge volume of data organizations have shown increased dependency on next generation technologies such as infrastructure as a service. By usage of IaaS critical information can be transferred in a matter of seconds across various industry verticals through bring your own devices (BYOD) methods. This improved technology helps the business to focus more on their core operations. Technological advancements have mobility and BYOD usage to increase other than digitalization in numerous sectors. In the forecasted period of 2015 to 2022 it is expected that increased penetration of hybrid cloud technology will drive the infrastructure as service market. This is because once the implementation of hybrid cloud application is phased out; the company can avoid storing the huge volume of data at one place. The storage system is distributed across the framework. This helps to protect the company from any form of data loss, breach of privacy and effective disaster management. It also reduces any form of threats such as cyber-attacks or any adverse situation in comparison to public cloud usage. Deploying private cloud is the safest form of data privacy though it very expensive. So application of hybrid cloud implementation is advantageous to the organizations because it comes with low operational costs and strong security measures, data integrity, data confidentiality, business continuity, planning. Adoption of hybrid cloud platform will help reduce organization expenses of storing data based on either on premises or any sort of other deployment modes. Other benefits accounted are faster recovery of data along with protection of physical and virtual operating systems and applications. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/infrastructure-as-a-service-iaas-market/request-sample IT and telecom sector is expected to project robust growth in the infrastructure as a service market because these two sectors generates huge volume of data every day. 360-degree customer oriented sectors such as BFSI have shown the highest usage of infrastructure as a service platform to store financial and business data with tight security. So high usage of different managed services such as hosting, StaaS, DRaaS help business with flexible strorage capacities and cost effective operations. However, several restraining factors have also been identified for this market, which includes high initial investment costs, privacy and data protection concerns and other operational challenges.
Market scope shows that many organizations have implemented Infrastructure as a service but still they struggle to make optimum use of IaaS and other cloud technologies. These factors have been posing a challenge to the growth of this market. The global market for service as an infrastructure is segmented on the basis of solutions, end users, deployment, vertical and geography. By solution the market is divided into managed hosting, disaster recovery as a service, storage as a service, collocation, network management, content delivery and high performance computing as a service. End users classify the market based on enterprises and SMBs. By deployment type, the market is further divided into public cloud, private cloud and hybrid cloud. Infrastructure as a service has application on different verticals such as Information Technology and Telecom, Banking and Financial services (BFSI), healthcare domain, retail and e commerce domain, government and defense sector, media and entertainment sector, energy and utilities, manufacturing and others. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/technology The key customer base for this market includes networking companies, service providers of IaaS, data center providers, CSPs, internet service providers, telecom providers, value added resellers (VARs), managed service providers (MSPs), hosting vendors, DRaaS vendors and others.By geography the global market is divided into North America, Asia Pacific, Latin America, Europe, Middle East and Africa, and rest of the world (R o W). It can be further said that North America has the largest share from the competitive landscape. This trend is expected to continue in the forecasted period of 2015 to 2022. This is mainly because of the presence of large number of IaaS and cloud related vendors in this region. This is followed by the Asia Pacific region where there is potential growth in the forecasted period because of large number of small and medium sized business operations. Increase in the trend of digitalization, internet adoption of smart devices will act as growth drivers from this region. The main contributing countries identified are India, china, brazil, Australia, South Korea and Japan.The key players in the market are technological giants such as IBM, CISCO, Wipro, Infosys, AWS, Google, Amazon, CSC, VMware, Rackspace and others.
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters
Asia Pacific
Million Insights
Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 1-408-610-2300 Email: sales@millioninsights.com
Visit Our Blog: www.millioninsights.blogspot.com
Phone: 91-20-65300184 Email: sales@millioninsights.com