The IaaS market is set to grow at a 27% CAGR from 2021 to 2026, driven by IT sector growth and AI integration.
According to the latest report by IMARC Group, titled “Infrastructure as a Service (IaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global infrastructure-as-a-service (IaaS) market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 27% during 2021-2026. Infrastructure as a Service (IaaS) is a cloud-based solution that provides virtual computing resources over the internet. It is utilized by multiple businesses for storage, networking and essential computation purposes on a subscription and consumption basis. These solutions aid in improving the security, scalability and flexibility of various processes within an organization by supporting the business in disaster recovery and business continuity while reducing the overall capital expenditure.
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Global Infrastructure as a Service (IaaS) Market Trends:
The global market is primarily driven by significant growth in the information technology (IT) sector. Along with this, the widespread integration of advanced technologies, such as artificial intelligence (AI) and big data, with IaaS is creating a positive outlook for the market. Moreover, the increasing investments by numerous small and medium businesses for the upgradation of IaaS-based software solutions and the rising preference for hybrid cloud platforms across the corporate segment are providing a boost to the market growth further. Some of the other factors contributing to the market growth include rapid digitization and extensive research and development (R&D) activities conducted by key players to upgrade wireless technology across the globe.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Deployment Type:
Breakup by Solution:
Breakup by End-User:
Breakup by Vertical:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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The article discusses the growth and trends of the global Infrastructure as a Service (IaaS) market from 2021 to 2026.
How does IaaS benefit businesses? It improves security, scalability, and reduces capital expenditure.
What factors are driving IaaS market growth? IT sector expansion and AI integration are key drivers.
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