North America to Continue Dominance in Global Infrastructure as a Service Market

The global infrastructure as a service (IaaS) market has been growing at an unstoppable pace as it offers a unique solution to several companies. The adoption of IaaS by several enterprises has enabled them to store and pool their data and compute it for end users as per demand. The other factor that is contributing to the growth of the IaaS market is the rising trend of Bring Your Own Device (BYOD) in several workspaces. According to research analysts at Transparency Market Research, the global infrastructure as a service market was valued at US$15.6 bn in 2014 and is expected to reach US$73.9 bn by the end of 2022, growing at a commendable CAGR of 22.1% from 2015 to 2022.

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APAC to Offer Great Growth Opportunities to Global IaaS Market
 

This remarkable growth rate will be fueled be the several growth opportunities that the APAC region is likely to offer in the forecast period. The emerging economies, growing investments, and increasing adoption of technology in Asia Pacific countries is expected to give a boost to the IaaS market in this region. The fastest growing implementation model in the coming few years will be the hybrid cloud IaaS model. This positive trend will be the result of the cost-efficient solutions it offers along with granting flexibility to enterprises who intend to outsource their IT requirements to the cloud. Owing to these reasons, the growing applications of IaaS services in large, small, and medium enterprises is estimated to achieve a revenue growth of 305.6% in the forecast period.

The global IaaS market has been segmented on the basis of implementation, service, end user, and geography. The implementation of IaaS is seen as public cloud, hybrid cloud, and private cloud. In terms of service, this market offers disaster recovery as a service (DRaaS), storage as a service (STaaS), compute as a service (CaaS), data center as a service (DCaaS), application hosting as a service, and desktop as a service (DaaS). The end users of the global IaaS industry are small and medium enterprises or businesses, large enterprises, and others such as the hospitality, retail, and public sectors. Geographically, this market is spread over regions such as Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. 

North America to Lead Global IaaS Market

Regional analysis of the global IaaS market shows that North America will continue its dominance through 2022; the region led the global market with a share of 40% in 2014. North America’s dominance can be attributed to the launch of cloud-based IaaS solutions. Analysts predict that these will be readily accepted by small and medium businesses as they help these businesses comply with budget constraints. Usage of IaaS applications for various tablets and smartphones is also expected to increase the demand for IaaS in North America. Innovative hybrid cloud solutions are also likely to offer a huge boost to the growth of the global IaaS market in North America as cloud applications have several advantages such as easy access, huge data storage capability, and better security. 

Furthermore, the IaaS market will also witness a good growth rate in Europe due to burgeoning demand from Western Europe. Companies in this region are trying to make sizeable investments in services and software and are expected to reach a maturation stage soon. On the other hand, as mentioned before, Asia Pacific will be the most rapidly growing IaaS market in the coming years. 

Some of the key players in the global IaaS market are Fujitsu Ltd., Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Google, Inc., VMware, Inc., L.P., Datapipe, Inc., and Hewlett-Packard Development Company. 

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