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Global Infrastructure as a service (IaaS) Market Report 2022: A $195+ Billion Industry in 2026 - Long-term Forecast to 2031DUBLIN, June 22, 2022 /PRNewswire/ -- The "Infrastructure as a service (IaaS) Global Market Report 2022, By Deployment Type, Application, End User, Industry Vertical, Operation" report has been added to ResearchAndMarkets.com's offering. The global infrastructure as a service (iaas) market is expected to grow from $65.87 billion in 2021 to $82.93 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%. The high growth is mainly due to growth in online services due to COVID-19 that increased demand for IaaS. The market is expected to reach $195.81 billion in 2026 at a CAGR of 24%. The market comprises of revenue generated by the establishments providing IaaS host hardware, software, servers, storage and other infrastructure components for their users. These components include networking features, computer hardware, space for data storage, system maintenance, backup and resiliency planning. Only goods and services traded between entities or sold to end consumers are included. The various industry for IaaS are banking, financial services, and insurance (BFSI), government and education, healthcare, IT and telecom, retail, manufacturing, media and entertainment and others and operations are rechargeable and non-rechargeable. The IaaS are applied in managed hosting, storage as a service, disaster recovery as a service and backup, compute as a service (CaaS), network as a service (NaaS), content delivery services, high-performance computing as a service (HPcaaS). It is mainly used by small and medium enterprises (SMEs) and large enterprises. Several industries are adopting IaS owing to benefits such as low cost and improved reliability and scalability. The banking sector is one such where a higher rate of Iaas adoption is witnessed due to the substantial benefits of cloud computing including data analytics, AI-driven analytics with machine and deep learning algorithms, agility and scale. Privacy and data protection concerns are expected to hinder the growth of infrastructure as a service market during the forecast period. The typical IaaS security threats are data leaks, compromising accounts and authentication bypass, interface and API hacking, cyber-attacks, permanent data loss, lack of awareness about capabilities the cloud offers, vulnerability of applications and abuse of cloud services. According to 2020 Global Networking Trends report published by Cisco, by 2022, more than 50% of enterprise data will be created and processed outside the data centre or cloud, an increase from less than 10% in 2019. With the increasing distribution of data, I&O organizations face challenges to provide data protection and management. Thus, the privacy and data protection concern which pose challenges to the service providers are expected to hinder the market growth. This distributed cloud model is advantageous to the organizations that have faced issues related to the physical locations in the past. This will allow infrastructure and operations organizations to place the public cloud services at the locations of their choice which will attract consumers who are willing to modernize using the public cloud. The rise of Edge cloud computing and multi-cloud computing will eventually result in the rise to the concept of distributed cloud. By 2020, organizations such as Amazon Web Services Outposts, Google Cloud Anthos, and Microsoft Azure Arc., have initiated the edge cloud computing. With the increase in different industry verticals towards cloud-based services, the trend of distributed cloud which overcomes the challenges of physical location constraints will prove to be one of the major opportunities for the market growth during the forecast period.
Key Topics Covered:
6.2. Global Infrastructure as a service (IaaS) Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Infrastructure as a service (IaaS) Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Infrastructure as a service (IaaS) Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.5. Global Infrastructure as a service (IaaS) Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Infrastructure as a service (IaaS) Market Regional And Country Analysis For more information about this report visit https://www.researchandmarkets.com/r/vgp5s3 Media Contact: Research and Markets For E.S.T Office Hours Call +1-917-300-0470 U.S. Fax: 646-607-1907 Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
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