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Infrastructure-as-a-Service Market Poised for Remarkable Growth as BFSI Sector Adopts Cloud Technologies - Global Forecast to 2030
[March 01, 2024]

Infrastructure-as-a-Service Market Poised for Remarkable Growth as BFSI Sector Adopts Cloud Technologies - Global Forecast to 2030

DUBLIN, March 1, 2024 /PRNewswire/ -- The "Infrastructure-as-a-Service Market by Offering (Compute, Storage, Others), Deployment (Public, Private, Hybrid), Organization Size, Application (Hosting, Others), Sector (IT & Telecommunications, BFSI, Others), & Geography - Global Forecast to 2030" report has been added to's offering.

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Global Analysis Reflects Surge in IaaS Adoption Across Varied Sectors with Emphasis on Innovation and Security

The comprehensive analytical deep-dive into the Infrastructure-as-a-Service market unveils data-driven insights with sector-wide implications. The continuation of an upward trajectory is witnessed within the market as it is projected to ascend to a remarkable $411.9 billion valuation by 2030, which delineates a robust compounded annual growth rate of 22.6% during the years spanning 2023 to 2030.

At the forefront of the market expansion are compute and storage segments, with the latter envisaged to witness the highest growth rate across the forecast horizon. The burgeoning demand for storage solutions, prompted by the escalating amounts of enterprise data and a unified goal to reduce data center costs, is fueling innovation and investment within this sphere.

Dynamic Shifts and Strategic Alliances Shaping the Market Landscape

The market study illuminates the significant migration of the BFSI sector to cloud-based infrastructures, a transformative movement indicative of the sector's digital evolution. Notwithstanding, concerns regarding data security and privacy do present tangible barriers to the market's otherwise meteoric rise.

Enterprises, regardless of size, show marked interest in Infrastructure-as-a-Service, yet it is the small & medium-sized enterprises that are recognized as the most impactful growth stimulators in this arena. Leveraging IaaS benefits like cost efficiency, fortified security measures, and efficient computing processes, these businesses are reinventing their operational architectures.

  • Key Findings in Infrastructure Deployment and Organization Size
  • Public cloud adoption continues to dominate the landscape in 2023.
  • Hybrid cloud deployments are raising the bar with anticipated highest CAGR.
  • Large enterprises maintain a firm foothold, while SMEs carve out a fast-expanding niche.

Dissecting Market Trends by Application and Sector

Hosting, Storage, Backup, and Recovery Applications stand out as central to the market's growth, catalyzed by digital transformation and increasing cloud workload transitions. Within sector-specific insights, IT & telecommunications unsurprisingly maintain the largest share, although retail & e-commerce sectors are catching up rapidly, driven by advancements in data analytics and cloud infrastructure to enhance customer experience.

Geographic Market Dynamics

North America retains its dominance inthe market, championing innovation and fostering advanced IaaS solutions. Meanwhile, Asia-Pacific is poised for a significant surge, backed by robust cloud infrastructure development, with countries like China and Japan making notable investments in cloud technologies.

Insightful Revelations & Prospects

  • How sector-specific demands are shaping the IaaS offerings.
  • The impact of recent industry developments on market trajectories.
  • Detailed overviews of competitive landscapes across key global regions.

Key questions answered in the report:

  • Which are the high-growth market segments in terms of the offering, deployment mode, organization size, application, sector, and countries?
  • What is the historical market for infrastructure-as-a-service across the globe?
  • What are the market forecasts and estimates from 2023-2030?
  • What are the major drivers, restraints, and opportunities in the global infrastructure-as-a-service market?
  • Who are the major players in the global infrastructure-as-a-service market, and what shares of the market do they hold?
  • Who are the major players in various countries, and what shares of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global infrastructure-as-a-service market?
  • What are the different strategies adopted by the major players in the global infrastructure-as-a-service market?
  • What are the geographical trends and high-growth countries?
  • Who are the local emerging players in the global infrastructure-as-a-service market, and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

  • Increasing Adoption of Cloud Infrastructure in the BFSI Sector to Reduce Hardware Installation & Maintenance Costs
  • Enterprises' Increasing Preference for IaaS over Conventional On-premise Services Due to the Benefits Offered
  • Data Privacy & Security Concerns Hampering the Adoption of Infrastructure-as-a-Service Solutions
  • Growing Adoption of Cloud Technologies to Boost the Need for IaaS Solutions Among SMEs
  • Organizations' Increasing Focus on Customized and Managed Cloud Services to Drive the Demand for Infrastructure-as-a-Service
  • Shortage of Skilled IT Professionals Impacting Market Growth


  • Storage-as-a-Service (STaaS)
  • Integration of Advanced Technologies with Cloud Infrastructure
  • Case Studies

Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

Leading Players

  • Amazon Web Services, Inc. (A Subsidiary of Amazon.Com, Inc.)
  • Microsoft Corporation
  • Alibaba Cloud (A Subsidiary of Alibaba Group Holding Limited)
  • Google LLC (A Subsidiary of Alphabet, Inc.)
  • Huawei Technologies Co., Ltd. (A Subsidiary of Huawei Investment & Holding Co., Ltd.)
  • Oracle Corporation
  • International Business Machine Corporation
  • Cisco Systems, Inc.
  • SAP SE
  • Vmware, Inc.
  • Rackspace Technology, Inc.
  • Digitalocean LLC (A Subsidiary of Digitalocean Holdings, Inc.)
  • Hewlett Packard Enterprise Company
  • Tencent Cloud

Other Players

  • Linode LLC
  • NTT Communications Corporation
  • Utho
  • Vultr

Competition Analysis

  • Key Growth Strategies
  • Competitive Benchmarking
  • Competitive Dashboard
  • Industry Leaders
  • Market Differentiators
  • Vanguards
  • Emerging Companies
  • Market Share Analysis

Scope of the Report:

Market Assessment, by Offering

  • Compute
  • Network
  • Storage
  • Other Offerings

Market Assessment, by Deployment Mode

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Market by Assessment, by Organization Size

  • Large Enterprises
  • Small & Medium-sized Enterprises

Market by Assessment, by Application

  • Testing and Development
  • Hosting
  • Storage, Backup, and Recovery
  • High-Performance Computing
  • Other Applications

Market by Assessment, by Sector

  • IT & Telecommunications
  • BFSI
  • Healthcare
  • Retail & E-commerce
  • Government & Defense
  • Manufacturing
  • Transportation & Logistics
  • Other Sectors

Market Assessment, by Geography

  • North America
  • U.S.
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • U.K.
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Latin America
  • Middle East & Africa

For more information about this report visit

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