Emerging Trends in Cloud Infrastructure as a Service (CIaaS) Market Drive the Global Growth

The Cloud Infrastructure as a Service (CIaaS) market is forecasted to grow at a high rate owing to the changing market trends and agility with increasing IaaS benefits

The Global Cloud Infrastructure as a Service (CIaaS) Market is growing at a CAGR of 18.1% and is projected to reach USD 275.2 Bn by 2027.

According to the global Cloud Infrastructure as a Service (CIaaS) market analysis, the CIaaS market is majorly attributed to the rapid adoption of edge computing as a mainstream to bring computation and data storage closer to the sources of data. Edge computing is expected to improve response time and save bandwidth. Several companies are increasingly focussing on providing edge computing solutions to increase speed, scalability, and security among others. For instance, in October 2021, Lenovo Limited partnered with VMware, Inc., an American cloud computing and virtualization technology company to launch a first-to-market edge-to-cloud and AI solutions. New solutions are expected to provide management simplicity, greater scalability, and cost savings, allowing organizations customers with large SAP HANA databases to leverage hyper-converged infrastructure for their SAP HANA platform.

Based on organization size, the small and medium-sized enterprises are holding a major segment of the global cloud infrastructure as a service market. The small and medium scaled enterprises are shifting to cloud infrastructure owing to benefits provided by the cloud infrastructure such as flexible storage, CRM management, data security, omnipresent resource mapping, and 0% downtime among others.

The IT and telecommunications sector based on the end-use industry is estimated to use cloud infrastructure services as the IT industry generates huge financial, personal, and healthcare data, the cloud infrastructure enables IT companies to store that data with security assurance, at a low cost. Many companies are adopting cloud infrastructure services and solutions to lessen operational costs and prevent data losses. For instance, in October 2021, TelcoDR has announced approximately USD 1.0 billion Telco Transformation Fund to shift to the public cloud.

Global Cloud Infrastructure as a Service (CIaaS) Market by Region Outlook (Revenue, USD Billion, 2021-2027)

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

North America held the largest market share for global cloud infrastructure as a service market in the year 2020 and is estimated to observe a high growth rate throughout the forecast period owing to the increasing focus on the adoption of digital business strategies. According to the article published by McKinsey, the CIOs and CTOs are needed to adopt the cloud platforms to accelerate the digital transformation of the business. Companies present in North America are observed to increasingly focus on digitally transforming their local bossiness and therefore the adoption of cloud infrastructure is estimated to grow in the region during the forecast period.

The Global Cloud Infrastructure as a Service (CIaaS) Market Segmentation:

  • By Deployment Model Outlook (Revenue, USD Billion, 2021-2027)
    • Private Cloud
    • Public Cloud
    • Hybrid Cloud
  • By Services Outlook (Revenue, USD Billion, 2021-2027)
    • Networking as a Service
    • Storage as a Service
    • Managed Hosting
    • Compute as a Service
    • Desktop as a Service
    • Disaster Recovery and Backup as a Service
  • By Organization Size Outlook (Revenue, USD Billion, 2021-2027)
    • Small and Medium-Sized Enterprises (SMEs)
    • Large Enterprises
  • By End User Industry Outlook (Revenue, USD Billion, 2021-2027)
    • Retail and E-Commerce
    • IT and Telecommunications
    • Energy and Utilities
    • Healthcare and Life Sciences
    • Banking, Financial Services, and Insurance (BFSI)
    • Manufacturing
    • Media and Entertainment
    • Government
    • Others (Education and Travel and Hospitality)

Key Findings:

  • Based on the deployment model, the public cloud deployment segment held the largest CIaaS market share in 2020
  • Based on services, the storage as a service segment held the largest market share in 2020 for global CIaaS market and is estimated to witness a significant growth during forecast period
  • Small and medium-sized enterprises (SMEs) segment based on the organization size, is expected to grow with a remarkable growth rate in global CIaaS market analysis
  • According to the end-user industry, the IT and telecommunications industry is accounted for a dominative market segment in 2020 for global CIaaS market and is also growing with high CAGR
  • Based on regions, the North America region is estimated to hold the largest market share in the year 2027 in the Cloud Infrastructure as a Service (CIaaS) market analysis

Company Profiles and Competitive Intelligence

The key players operating in the cloud infrastructure as a service market are:

  1. IBM Corporation
  2. Microsoft Azure
  3. Amazon Web Services (AWS)
  4. Oracle Corporation
  5. Google cloud
  6. Rackspace Technology
  7. Fujitsu
  8. CenturyLink
  9. Netmagic Solutions
  10. Cisco Systems
  11. Dell
  12. DigitalOcean
  13. Verizon Communications
  14. Virtustream
  15. Alibaba Cloud
  16. Bluelock
  17. Dimension Data
  18. OVHcloud
  19. VMware
  20. Datapipe Inc.
  21. Tencent Cloud
  22. Joyent
  23. CA Technologies
  24. Cloud Scaling
  25. Skytap
  26. NTT Communications
  27. GTT (Interoute)
  28. Hewlett Packard
  29. Logicworks
  30. GoGrid
  31. Layeredtech
  32. Savvis
  33. OpSource

Recent News:

  • In October 2020, Virtuozzo, a high-efficiency virtualization and hyper-converged infrastructure software provider launched the alternative cloud enablement platform Virtuozzo Hybrid Infrastructure. The new platform is expected to power some of the fastest-growing alternative cloud providers across America.
  • In September 2021, ATSG, a tech-enabled managed services, and solutions company, announced its successful acquisition of dinCloud, LLC, the key cloud services and virtualized workspace subscription provider with a global hybrid and multi-cloud footprint. The acquisition is expected to heighten virtual hosted desktops and infrastructure as a service offering.

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