The IaaS/hosting infrastructure services market is estimated to move forward strongly at a CAGR of 19% during 2022 to 2032.
“Rising usage of cloud infrastructure technologies is projected to open up new market opportunities. Other factors such as increased use of smartphones and smart mobile devices, and artificial intelligence, have the potential to reduce the operational costs of enterprise infrastructure, thereby accelerating the IaaS/hosting infrastructure services market."
The infrastructure as a service (IaaS) market is expanding rapidly and offers numerous options, making it a valuable market. The growing need for enterprises to decrease their IT burden and reduce the expenses associated with establishing data center support infrastructure is driving the growth of IaaS/hosting infrastructure services market.
Moreover, As the demand for cloud-based IT infrastructure models grows, the market for IaaS/hosting infrastructure services is continuously developing as the IaaS/hosting infrastructure services market act as cloud infrastructure service providers. However, most organizations experience privacy and data protection issues, high initial investment costs, and other operational obstacles, and they struggle to make the best use of IaaS and other cloud technologies, which has considerably hampered market growth.
| Attributes | Details |
|---|---|
| IaaS/Hosting Infrastructure Services Market Size in 2020 | US$ 56.05 Billion |
| IaaS/Hosting Infrastructure Services Market CAGR during 2022 to 2032 | 19% |
“Considering IaaS service providers provide a wide range of services including cloud data infrastructure to integrate existing infrastructure components with advanced functions, the market is likely to experience a tremendous growth in the subsequent years.”
Services provided by IaaS/hosting infrastructure services include virtualized computing resources such as servers, software, storage, and other infrastructure components over the internet. Organizations are widely implementing IaaS/Hosting infrastructure services and engaging in IaaS based platforms due to the rising volume of business and financial data and other critical information among the businesses in various verticals.
IaaS/Hosting infrastructure services offers solution through which an enterprise outsources IT equipment to support business operations such as storage, networking, and servers, hardware or rents out the services of an entire infrastructure from a third-party vendor.
“The IaaS services in cloud computing assist businesses in lowering the operational costs associated with establishing an enterprise infrastructure and focusing on core business operations thereby driving the IaaS/hosting infrastructure services market.”
Flexibility to run critical business applications & robust and reliable IT infrastructures are the driving factor of IaaS/Hosting infrastructure services market. Increase in complexity of network architecture can be a restraining factor which will hamper the growth of IaaS/Hosting infrastructure services market. Increased penetration for IaaS/Hosting infrastructure as it reduces IT administration cost is creating opportunities for IaaS/Hosting infrastructure services market.
Few prominent players in IaaS/Hosting Infrastructure Services market include Wipro Limited, Amazon Web Services, AT&T, Google Inc., HP, Inc., IBM Corporation, Microsoft Corporation, Akamai Technologies, Daisy Group Limited, VMware Inc., Oracle Corporation and others
Some other major players covered in the IaaS/hosting infrastructure services market report are, CenturyLink, Colt Technology Services Group Limited, CoreSite, Internap Corporation, NetApp, NTT Communications Corporation, RACKSPACE US, INC., Sungard Availability Services, Zayo Group, LLC., GoDaddy Operating Company, LLC., among other domestic and global players.
“North America is likely to have the greatest market share and to dominate infrastructure due to the presence of significant IaaS vendors in the region.”
IaaS/Hosting infrastructure services market is dominated by the North America, and Western Europe region. North America is dominant in this market due to the wide presence of key IaaS/hosting infrastructure services provider. Asia Pacific is an emerging market for IaaS/Hosting infrastructure services and companies are planning to adopt both on-premises and cloud-based models in this region.
Eastern Europe, Latin America and MEA is expected to see growth in the IaaS/Hosting infrastructure services market. Moreover, MEA is an evolving market for IaaS adoption due to the shift from traditional on-premises deployment to the cloud-based deployment of many solutions across various industries.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available For | 2012 to 2020 |
| Market Analysis | US$ Billion for Value |
| By Type | Managed Hosting, Colocation Services, Hybrid hosting, Shared hosting, Website hosting, Virtual Dedicated Servers, Virtual Private Servers |
| By Application | IT & Telecom, BFSI, Healthcare, Retail, Manufacturing |
| By Deployment Type | Public cloud, Private cloud, Hybrid cloud |
| By End Use | SMBs, Enterprises |
| By Region | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa |
| Key Players | Wipro Limited; Amazon Web Services; AT&T; Google Inc.; HP Inc.; IBM Corporation; Microsoft Corporation; Akamai Technologies; Daisy Group Limited; VMware Inc. |
The IaaS/hosting infrastructure services market is estimated to move forward at a CAGR of 19% during 2022-2032.
The anticipated size of the IaaS/Hosting infrastructure services market in 2020 was US$ 56.05 Bn.
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IaaS/Hosting Infrastructure Services Market
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