Infrastructure as a Service (IaaS) Market Worth $405.4 Billion by 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Infrastructure as a Service Market by Offering (Data Centers, Storage, Compute, Network), Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), End-use Industry (IT & Telecom, BFSI, Healthcare), and Geography – Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the Infrastructure as a Service market is projected to reach $405.4 billion by 2030, at a CAGR of 23.3% from 2023 to 2030. The growth of this market is driven by the advantages offered by Infrastructure as a Service compared to conventional on-premise servers and the affordable subscription-based pricing models. In addition, the increasing adoption of cloud technologies across SMEs is expected to offer significant opportunities for the growth of this market. However, compromise on the confidentiality of enterprises’ private data is expected to restrain the market growth.

The Infrastructure as a Service market is segmented based on offering, deployment mode, organization size, end-use industry, and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

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Based on offering, the Infrastructure as a Service market is segmented into data center, storage, compute, network, and other offerings. In 2023, the compute segment is expected to account for the largest share of the Infrastructure as a Service market. The large market share of this segment is attributed to the increasing demand for virtualized computing resources in the IT & telecom sectors.

Based on deployment mode, the Infrastructure as a Service market is segmented into public cloud, private cloud, and hybrid cloud. In 2023, the hybrid cloud segment is expected to account for the largest share of the IaaS market. The large market share of this segment is attributed to the increasing demand for hybrid cloud due to the security limitations and expensive installations of public and private clouds.

Based on organization size, the IaaS market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. In 2023, the small and medium-sized enterprises (SMEs) segment is expected to account for the larger share of the Infrastructure as a Service market. The large market share of this segment is attributed to the increasing adoption of cloud technologies across SMEs due to the superior flexibility offered by cloud-based deployments.

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Based on end-use industry, the Infrastructure as a Service market is segmented into IT & telecom, BFSI, healthcare, retail & e-commerce, government & defense, manufacturing, transportation & logistics, and other end-use industries. In 2023, the IT & telecom segment is expected to account for the largest share of the Infrastructure as a Service market. The large market share of this segment is attributed to the increasing volume of business data and demand for low-cost IT infrastructure.

Geographic Review:

Based on geography, the Infrastructure as a Service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the Infrastructure as a Service market. The large share of this regional market is attributed to the presence of top key players and the increasing adoption of cloud computing and 5G technology in the region.

Key Players:

The key players operating in the Infrastructure as a Service market are Amazon Web Services, Inc. (U.S.), Microsoft Corporation (U.S.), Alibaba Cloud (China), Google LLC (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), VMware, Inc. (U.S.), Red Hat, Inc. (U.S.), Fujitsu Limited (Japan), Huawei Technologies Co., Ltd. (China), Redcentric plc (U.K.), Rackspace Technology Global, Inc. (U.S.), Dell Technologies, Inc. (U.S.), SAP SE (Germany), and Linode LLC (U.S.).

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