PUBLISHER: IMARC | PRODUCT CODE: 1800773
PUBLISHER: IMARC | PRODUCT CODE: 1800773
The global infrastructure-as-a-service (IaaS) market size reached USD 127.9 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 706.8 billion by 2033, exhibiting a growth rate (CAGR) of 20.64% during 2025-2033. The growing demand for cost-effective infrastructure solutions, rising focus on scalability and agility in a business to seize new opportunities quickly, and increasing adoption of flexible solutions are some of the major factors propelling the market.
Infrastructure-as-a-service (IaaS) is a cloud computing model that offers businesses access to fundamental computing resources over the internet. It allows cloud providers to manage and deliver a range of infrastructure components, such as virtualized computing resources, including servers, storage, and networking. It provides organizations with the flexibility to scale the information technology (IT) infrastructure up or down according to their requirement and eliminates the need for extensive on-premises hardware investments. As it aids in streamlining IT operations and reducing capital expenditures, the demand for IaaS is rising across the globe.
Infrastructure-as-a-service (IaaS) is a cloud computing model that offers businesses access to fundamental computing resources over the internet. It allows cloud providers to manage and deliver a range of infrastructure components, such as virtualized computing resources, including servers, storage, and networking. It provides organizations with the flexibility to scale the information technology (IT) infrastructure up or down according to their requirement and eliminates the need for extensive on-premises hardware investments. As it aids in streamlining IT operations and reducing capital expenditures, the demand for IaaS is rising across the globe.
Hybrid cloud represents the largest market segment
Disaster recovery as a service accounts for the majority of the market share
Large enterprises hold the biggest market share
IT and telecom dominate market share
North America exhibits a clear dominance, accounting for the largest infrastructure-as-a-service (IaaS) market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
North America held the biggest market share due to the increasing demand for cloud services. Additionally, the growing focus on data security and compliance among businesses of various sectors is offering a positive market outlook. Apart from this, the rising deployment of advanced cloud solutions is contributing to the growth of the market. In addition, the presence of major cloud service providers that provide a wide variety of cloud solutions is propelling the growth of the market.
Key players in this industry are continuously expanding their data center infrastructure globally. This expansion ensures proximity to customers, reduces latency, and enhances the performance and reliability of their services. In addition, IaaS providers are diversifying their service offerings to cater to a broader range of customer needs, such as providing specialized services like databases, machine learning (ML), and the Internet of Things (IoT) solutions. Apart from this, major manufacturers are investing heavily in security measures and compliance certifications to assure customers that their data is safe in the cloud. In line with this, they are developing hybrid and multi-cloud solutions that seamlessly integrate on-premises infrastructure with cloud resources.