INFRASTRUCTURE AS A SERVICE MARKET

 

Market Overview:

               During the projected period, the market for infrastructure as a service is anticipated to grow at a 25% CAGR (2021 - 2026). IaaS is the name for a type of cloud computing system that relies on substantial physical resources, such as servers, network connections, bandwidth, load balancers, and other virtual services provided by cloud service providers (CSPs). It is anticipated that more firms would embrace IaaS as a result of the growing amount of financial and corporate data as well as other crucial data in many IT industries.

The expansion of the IaaS business can be hampered by strict regulatory compliance. A good example is the EU Data Protection Act, which aims to keep personal data within the EU. Additionally, multi-tenancy and de-provisioning may provide issues including protocol violations, data compromise with other commercial entities, and rising complexity in password authentication techniques.

Key Market Trends:

         Due to the industry's increased acceptance of cloud-based services, the IT and telecommunications sector is predicted to experience a strong growth rate for the IaaS market. This sector is one of the most important verticals, producing a vast amount of financial, healthcare, and personal data. Many telecom companies want to offer cloud infrastructure as a service.
The IT and telecom industries produce a lot of data. Thus, managed hosting, DRaaS, and STaaS solutions give companies access to affordable compute and storage resources. Cloud technology has allowed telecoms to go online, where organisations can now stay linked to the rest of the world without the need for expensive gear.

Over the projection period, Asia-Pacific is likely to have considerable expansion and to take the lead in the IaaS market. High growth in this region can be due to rising internet usage along with improving technology in several economies, including China, India, and South Korea.
Due to the strengthening economy, nations like Japan, China, and India are developing, which will foster the expansion of the regional market. Additionally, the region's rapid industrialization is a key factor in the expansion of the IaaS market there.

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