Infrastructure as a Service (IaaS) Market worth 56.05 Billion USD by 2020
Infrastructure as a service (IaaS) market categorizes the global market by solution, deployment types, end users, verticals, and Region
The infrastructure as a service (IaaS) market is expected to grow from USD 15.79 Billion in 2015 to USD 56.05 Billion by 2020, at a CAGR of 29.0%. Several factors such as faster implementation, scalability, flexibility, and agility provided by the service; increasing market competition; and increasing demand for reducing investment on IT infrastructures, hardware, and hiring skilled resources are expected to bolster the growth of this market.
Browse 66 market data tables and 43 figures spread through 137 pages and in-depth TOC on "Infrastructure as a Service (IaaS) Market - Global Forecast to 2020"
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IaaS is a form of cloud computing relying on an underlying pool of physical computing resources, such as servers, network connections, load balancers, and bandwidth, which are provided in a virtualized environment “as a service” by the Cloud Service Providers (CSPs). Organizations are adopting IaaS solutions owing to the growing volume of business and financial data and other critical information among the businesses in various verticals, the need for reducing the burden of cost and IT administration, and need to focus more on their core operations. Moreover, the technological advancements have led to increased mobility, BYOD, and other digitalization trends in numerous sectors. Ease in deployment, scalability, and flexibility of services as well as low cost benefits are some of the factors bolstering the growth in IaaS market.