The Infrastructure as a Service Market is projected to reach $405.4 billion by 2030, at a CAGR of 23.3% during the forecast period 2023–2030. The growth of this market is driven by the advantages offered by Infrastructure as a Service compared to conventional on-premise servers and their 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 IaaS market. However, compromise on the confidentiality of enterprises’ private data is expected to restrain the market growth.
Governments across the globe imposed nationwide lockdowns to curb the spread of the COVID-19 virus. These restrictions negatively affected multiple industries, including cloud computing. Uncertainty regarding the duration of the lockdowns made it difficult for the key market players to anticipate the recovery of the Infrastructure as a Service market.
At the beginning of the COVID-19 pandemic, healthcare organizations were forced to quickly reassess their technology and pull plans for digital transformation forward. One of the most pressing priorities for healthcare organizations was expediting their adoption of cloud technologies to efficiently manage patient information, ensuring streamlined workplace practices and enabling information sharing with greater ease. Such growth opportunities and the consistently rising adoption of cloud-based solutions among businesses are expected to drive the Infrastructure as a Service market. Additionally, the IT & telecom industry is heavily dependent on cloud resources; thus, the Infrastructure as a Service market is expected to recover to its original track after 2023.
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Growing Adoption of Cloud technologies Across SMEs To Offer Opportunities for the Market Growth
The digital transformation trend is not limited only to large enterprises; small and medium-sized enterprises are also transitioning to digital technologies. Thus, there has been a significant rise in the adoption of cloud-based deployments among organizations. SMEs are highly deploying Infrastructure as a Service as it gives organizations more agility and enables them to deliver cloud service models. The benefits of Infrastructure as a Service in clude on-demand self-service, self-provisioning, measured access, broad network access, rapid elasticity, and centralization of data and applications. Organizations are moving their workloads to reduce time to market and lower expenses.
With the rising adoption of connected devices in the industrial sector, the demand for cloud-based solutions is also rising as these solutions provide the convenience of storing files on the cloud and accessing or retrieving them through any connected device. Additionally, advanced technologies, such as the IoT and Industry 4.0, have contributed to the increase in the data stored on the cloud. These factors have boosted the adoption of cloud services, driving the need for Infrastructure as a Service among small and medium-sized enterprises.
Furthermore, with the emergence of the BYOD and WFH trends and the increasing internet penetration across new markets, organizations are progressively inclined toward using cloud solutions, increasing the demand for IaaS. Organizations are now opting to deploy Infrastructure as a Servicefor both public and private clouds and have encouraged their wide-scale adoption, thus offering significant opportunities for the growth of the Infrastructure as a Servicemarket.
In 2023, the Compute Segment is Expected to Account for the Largest Share of the Market
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 Servicemarket. This segment’s large market share is attributed to the surge in demand for consistent performance and security for physically isolated networks and the increasing demand for virtualized computing resources in the IT & telecom sector.
The Hybrid Cloud Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on deployment mode, the Infrastructure as a Service market is segmented into public cloud, private cloud, and hybrid cloud. The hybrid cloud segment is projected to record the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing number of data centers and demand for hybrid cloud mode of deployment by enterprises.
In 2023, the IT & Telecom Segment is Expected to Dominate the Market
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 industry. In 2023, the IT & telecom segment is expected to account for the largest share of the Infrastructure as a Servicemarket. The large market share of this segment is attributed to the increasing volume of business data and use of infrastructure services and the expansion of IT and telecom industries with data centers.
Asia-Pacific to be the Fastest-growing Market During the Forecast Period
Based on geography, the IaaS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to record the highest CAGR during the forecast period. The growth of this region is attributed to the increasing number of data centers across the region and the rapid expansion of the IT & telecom industry in India, China, and Japan.
Key Players
The Infrastructure as a Service market study includes a competitive landscape based on an extensive assessment of the key strategic developments of leading market players from 2020 to 2022. The key players profiled in the Infrastructure as a Servicemarket study 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.).
Scope of the Report:
Infrastructure as a Service Market, by Offering
Infrastructure as a Service Market, by Deployment Mode
Infrastructure as a Service Market, by Organization Size
Infrastructure as a Service Market, by End-use Industry
Infrastructure as a Service Market, by Geography
Key Questions Answered in the Report:
The IaaS market is projected to reach $405.4 billion by 2030 at a CAGR of 23.3% during the forecast period.
The growth of this market is driven by the advantages offered by IaaS compared to conventional on-premise servers and their 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.
The key players operating in the IaaS 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.).
Asia-Pacific is projected to record the fastest growth rate over the forecast period.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency & Limitations
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.1.1 Bottom-up Approach
2.3.1.2 Top-down Approach
2.3.1.3 Growth Forecast
2.3.2 Market Share Analysis
2.4 Assumptions for the Study
2.5 Limitations for the Study
3. Executive Summary
3.1 Market Overview
3.2 Market Analysis, by Offering
3.3 Market Analysis, by Deployment Mode
3.4 Market Analysis, by Organization Size
3.5 Market Analysis, by End-use Industry
3.6 Market Analysis, by Geography
3.7 Competitive Analysis
4. The Impact of COVID-19 on the Global Infrastructure as a Service Market
5. Market Dynamics
5.1 Drivers
5.1.1 More Advantages Compared to Conventional On-premise Servers
5.1.2 Affordable Subscription-based Pricing Model
5.2 Restraints
5.2.1 Compromise on the Confidentiality of Enterprises’ Private Data
5.3 Opportunities
5.3.1 Growing Adoption of Cloud Technologies Across SMEs
5.4 Challenges
5.4.1 Cloud Migration for Companies Seeking Digital Transformation
5.4.2 Increasing Security Issues
5.5 Trends
5.5.1 Technology Trends
5.5.2 Market Trends
5.6 Case Studies
5.6.1 Case Study 1
5.6.2 Case Study 2
5.6.3 Case Study 3
6. Global Infrastructure as a Service Market, by Offering
6.1 Introduction
6.2 Data Center
6.3 Storage
6.4 Compute
6.5 Network
6.6 Other Offerings
7. Global Infrastructure as a Service Market, by Deployment Mode
7.1 Introduction
7.2 Public cloud
7.3 Private cloud
7.4 Hybrid cloud
8. Global Infrastructure as a Service Market, by Organization Size
8.1 Introduction
8.2 Small and Medium-sized Enterprises (SMEs)
8.3 Large Enterprises
9. Global Infrastructure as a Service Market, by End-use Industry
9.1 Introduction
9.2 IT & Telecom
9.3 BFSI
9.4 Healthcare
9.5 Retail & E-commerce
9.6 Government & Defense
9.7 Manufacturing
9.8 Transportation & Logistics
9.9 Other End-Use Industries
10. Infrastructure as a Service Market, by Geography
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.2 Europe
10.2.1 Germany
10.2.2 U.K.
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Latin America
10.5 Middle East & Africa
11. Global Infrastructure as a Service Market - Competitive Landscape
11.1 Introduction
11.2 Key Growth Strategies
11.3 Competitive Dashboard
11.3.1 Industry Leaders
11.3.2 Market Differentiators
11.3.3 Vanguards
11.3.4 Contemporary Stalwarts
11.4 Vendor Market Positioning
11.5 Market Share Analysis
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12.1 Amazon Web Services, Inc.
12.2 Microsoft Corporation
12.3 Alibaba Cloud
12.4 Google LLC
12.5 Cisco Systems, Inc.
12.6 IBM Corporation
12.7 Oracle Corporation
12.8 VMware, Inc.
12.9 Red Hat, Inc.
12.10 Fujitsu Limited
12.11 Huawei Technologies Co., Ltd.
12.12 Redcentric plc
12.13 Rackspace Technology Global, Inc.
12.14 Dell Technologies, Inc.
12.15 Linode LLC
12.16 SAP SE
13. Appendix
13.1 Questionnaire
13.2 Customization
List of Tables
Table 1 Currency Conversion Rates into USD (2018–2022)
Table 2 Global Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 3 Global Infrastructure as a Service Market Size for Data Centers, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Infrastructure as a Service Market Size for Storage, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Infrastructure as a Service Market Size for Compute, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Infrastructure as a Service Market Size for Network, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Infrastructure as a Service Market Size for Other Offerings, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 9 Global Infrastructure as a Service Market Size for Public Cloud, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Infrastructure as a Service Market Size for Private Cloud, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Infrastructure as a Service Market Size for Hybrid Cloud, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Infrastructure as a Service Market Size, by Organization Size, 2021–2030 (USD Million)
Table 13 Global Infrastructure as a Service Market Size for Small and Medium-sized Enterprises (SMEs), by Country/Region, 2021–2030 (USD Million)
Table 14 Global Infrastructure as a Service Market Size for Large Enterprises, by Country/Region, 2021–2030 (USD Million)
Table 15 Global IaaS Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 16 Global Infrastructure as a Service Market Size for IT & Telecom, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Infrastructure as a Service Market Size for BFSI, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Infrastructure as a Service Market Size for Healthcare, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Infrastructure as a Service Market Size for Retail & E-commerce, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Infrastructure as a Service Market Size for Government & Defense, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Infrastructure as a Service Market Size for Manufacturing, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Infrastructure as a Service Market Size for Transportation & Logistics, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Infrastructure as a Service Market Size for Other End-Use Industry, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Infrastructure as a Service Market Size, by Country/Region, 2021–2030 (USD Million)
Table 25 North America: Infrastructure as a Service Market Size, by Country, 2021–2030 (USD Million)
Table 26 North America: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 27 North America: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 28 North America: Infrastructure as a Service Market Size, by Organization Size, 2021–2030 (USD Million)
Table 29 North America: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 30 U.S.: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 31 U.S.: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 32 U.S.: Infrastructure as a Service Market Size, by Organization Size, 2021–2030 (USD Million)
Table 33 U.S.: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 34 Canada: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 35 Canada: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 36 Canada: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 37 Canada: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 38 Europe: IaaS Market Size, by Country, 2021–2030 (USD Million)
Table 39 Europe: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 40 Europe: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 41 Europe: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 42 Europe: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 43 Germany: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 44 Germany: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 45 Germany: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 46 Germany: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 47 U.K.: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 48 U.K.: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 49 U.K.: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 50 U.K.: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 51 France: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 52 France: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 53 France: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 54 France: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 55 Italy: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 56 Italy: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 57 Italy: Infrastructure as a Service Market Size, By Organization Size, 2021–2030 (USD Million)
Table 58 Italy: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 59 Spain: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 60 Spain: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 61 Spain: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 62 Spain: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 63 Rest of Europe: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 64 Rest of Europe: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 65 Rest of Europe: IaaS Market Size, by Organization size, 2021–2030 (USD Million)
Table 66 Rest of Europe: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 67 Asia-Pacific: Infrastructure as a Service Market Size, by Country, 2021–2030 (USD Million)
Table 68 Asia-Pacific: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 69 Asia-Pacific: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 70 Asia-Pacific: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 71 Asia-Pacific: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 72 China: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 73 China: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 74 China: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 75 China: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 76 India: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 77 India: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 78 India: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 79 India: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 80 Japan: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 81 Japan: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 82 Japan: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 83 Japan: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 84 South Korea: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 85 South Korea: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 86 South Korea: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 87 South Korea: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 88 Rest of Asia-Pacific: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 89 Rest of Asia-Pacific: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 90 Rest of Asia-Pacific: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 91 Rest of Asia-Pacific: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 92 Latin America: IaaS Market Size, by Offering, 2021–2030 (USD Million)
Table 93 Latin America: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 94 Latin America: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 95 Latin America: Infrastructure as a Service Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 96 Middle East & Africa: Infrastructure as a Service Market Size, by Offering, 2021–2030 (USD Million)
Table 97 Middle East & Africa: Infrastructure as a Service Market Size, by Deployment Mode, 2021–2030 (USD Million)
Table 98 Middle East & Africa: Infrastructure as a Service Market Size, by Organization size, 2021–2030 (USD Million)
Table 99 Middle East & Africa: IaaS Market Size, by End-Use Industry, 2021–2030 (USD Million)
Table 100 Recent Developments by Major Players, 2021–2022
List of Figures
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 5 Market Sizing & Growth Forecast Approach
Figure 6 Key Insights
Figure 7 In 2023, the Compute Segment is Expected to Dominate the Infrastructure as a Service Market
Figure 8 In 2023, the Hybrid Cloud Segment is Expected to Dominate the Infrastructure as a Service Market
Figure 9 In 2023, the Large Enterprises Segment is Expected to Dominate the Infrastructure as a Service Market
Figure 10 In 2023, the IT & Telecom Segment is Expected to Dominate the Infrastructure as a Service Market
Figure 11 Geographic Snapshot: Infrastructure as a Service Market
Figure 12 The Impact of COVID-19 on the Infrastructure as a Service Market
Figure 13 Market Dynamics
Figure 14 Global IaaS Market Size, by Offering, 2023 VS. 2030 (USD Million)
Figure 15 Global Infrastructure as a Service Market Size, by Deployment Mode, 2023 VS. 2030 (USD Million)
Figure 16 Global Infrastructure as a Service Market Size, by Organization Size, 2023 VS. 2030 (USD Million)
Figure 17 Global Infrastructure as a Service Market Size, by End-use Industry, 2023 VS. 2030 (USD Million)
Figure 18 North America: Infrastructure as a Service Market Snapshot
Figure 19 Europe: Infrastructure as a Service Market Snapshot
Figure 20 Asia-Pacific: Infrastructure as a Service Market Snapshot
Figure 21 Key Growth Strategies Adopted by Leading Players (2021–2022)
Figure 22 Competitive Dashboard: Infrastructure as a Service Market
Figure 23 Vendor Market Positioning Analysis, 2021–2022
Figure 24 Global IaaS Market Share, by Key Player (2021)
Figure 25 Amazon Web Services, Inc.: Financial Overview
Figure 26 Microsoft Corporation: Financial Overview
Figure 27 Alibaba Cloud: Financial Overview
Figure 28 Google LLC: Financial Overview
Figure 29 Cisco Systems, Inc.: Financial Overview
Figure 30 IBM Corporation: Financial Overview
Figure 31 Oracle Corporation: Financial Overview
Figure 32 VMware, Inc.: Financial Overview
Figure 33 Red Hat, Inc.: Financial Overview
Figure 34 Fujitsu Limited: Financial Overview
Figure 35 Huawei Technologies Co., Ltd.: Financial Overview
Figure 36 Redcentric plc: Financial Overview
Figure 37 Rackspace Technology Global, Inc.: Financial Overview
Figure 38 Dell Technologies, Inc.: Financial Overview
Figure 39 Linode LLC: Financial Overview
Figure 40 SAP SE: Financial Overview
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2023
Published Date: May-2023
Published Date: May-2023
Published Date: Feb-2023
Published Date: Feb-2023
