The infrastructure as a service (IaaS) Market 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.
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.
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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, 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 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. These 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 gets 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.
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.
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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. By end users the market is classified 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.
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.
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