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Gobal infrastructure as a service (IaaS) market scrutinized in new research

IT Market Research

The global infrastructure as a service (IaaS) industry value is expected to exceed USD XX.XX billion by 2022 with an estimated growth rate of over xx.xx% over the forecast period.

It is a form of cloud computing system dependent on significant physical resources, such as network connections, bandwidth, load balancers, and servers, which are present as a virtual service offered by the cloud service providers (CSPs).

An increasing amount of financial and business information and other critical data in various IT sectors are expected to increase the adoption of IaaS in many organizations.

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The need for reducing cost in IT infrastructure management, and to focus more on their primary operations has been the key objective of various agencies.

The technological innovations have led to growing mobility, ease of access, sophisticated working environment, and digitalization development in numerous business verticals.

Ease of deployment, flexibility, and scalability of services can also be acknowledged as the key factors steering the market growth.

Surging demand for hybrid cloud platforms is expected to drive the infrastructure as a service market over the forecast period. By employing hybrid cloud services, various organizations are anticipated to avoid assigning all their data to one system one single place.

Storing of all the data in one place makes organizations susceptible to unforeseen errors or data theft. Hybrid cloud architecture reduces the risks associated with data theft or loss in case of any unwanted situation as compared to other software such as public cloud

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