A segment of cloud computing, infrastructure as a service (IaaS), offers array of physical computing resources, that include network connections, servers, bandwidth and load balancers, which are provided virtually by the cloud service providers (CSPs). IaaS vendors offer computers, physical or virtual machines and other resources.
IaaS refers to online services utilized by enterprises such as physical computing resources, data-partitioning, location, security, backup and scaling. Growing demand for recovery in disaster situation and rising demand for hybrid cloud solutions as a service across the globe is the noticeable factor boosting the adoption of IaaS globally.
However, higher data security, and privacy issues are anticipated to hinder the global IaaS market. Industries and companies are increasingly adopting IaaS system solutions owing to the rising volume of financial and business data information and other critical data in various verticals.
The need for decreasing the operational cost and IT administration, in order to emphasize further on their core business operations, is the primary factor driving the global IaaS market, especially within small & medium enterprises (SMEs).
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- Mindtree Pvt. Ltd.
- Amazon Web Services, Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Google Inc.
- VMware, Inc.
- Microsoft Corporation
- Rackspace Inc.
- Fujitsu Ltd.
- Computer Sciences Corp
- Profitbricks Inc.
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Managed hosting, DRaaS, and STaaS solutions offer enterprises with economical computing and storage capabilities. IaaS market in North America is expected to continue steady growth during the forecast period owing to early acceptance and adoption of IaaS cloud based technology in small and medium businesses (SMBs).
The growth in Europe market can largely be attributed to the demand from developed IT market, where enterprises are investing heavily on services and software. In Middle East and Africa (MEA), the market is expected to grow owing to the demand to strengthen the information and communications technology (ICT) capabilities from industry sectors such as construction, oil & gas, healthcare, telecommunications, and public institutions.
Furthermore, in the South America (SAM) region, the increasing usage of online applications, social websites, and smart phones along with the growing private sector demand are seen as driving factors for the growth of IaaS market. Asia Pacific (APAC) IaaS market is anticipated to grow at a brisk rate, owing to the increasing number of SMEs.
Globally, the key IaaS vendors and service providers include Mindtree Pvt. Ltd., Amazon Web Services, Inc., IBM Corporation, Cisco Systems, Inc., Savvis, Google Inc., VMware, Inc., Microsoft Corporation, Rackspace Inc., Fujitsu Ltd., Computer Sciences Corp, and Profitbricks Inc. among others.
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