The Global Cloud Infrastructure as a Service (CIaaS) Market was valued at USD 85.6 Bn in 2020 and is expected to reach USD 275.2 Bn by 2027, with a growing CAGR of 18.1% during the forecast period (2021-2027).
Infrastructure as a Service (IaaS) is referred to as a type of cloud computing service that offers important compute, storage, and networking resources on-demand on a pay-as-you-go basis. The companies approach the cloud-based infrastructure as a service solution to enable company data structure for remote working while saving the operational cost and lessening the infrastructure.
The Global Cloud Infrastructure as a Service (CIaaS) Market Dynamics
The global cloud infrastructure as a service market is estimated to witness significant growth during the forecast period owing to the increasing awareness of the advantages such as flexibility, data recovery, decreased maintenance, easy access and secured storage offered by the cloud infrastructure services for the company. Increasingly various small and medium-sized organizations are adopting cloud computing services to store the data sets of the company at low costs, enabling disaster recovery, and decreasing the operational cost.
The Global Cloud Infrastructure as a Service (CIaaS) Market Segmentation
Company Profiles and Competitive Intelligence
The key players operating in the Cloud Infrastructure as a Service (CIaaS) market are:
Based on deployment model, the public cloud model held the largest CIaaS market share in 2020 and is expanding at a significant growth rate during the forecast period owing to the increasing investments and advancements in the segmental market
The public cloud deployment model is dominating the global cloud infrastructure as a service market owing to the increased investments and advancements in the segment by the key CIaaS market vendors. For instance, in October 2021, NetApp Inc., an American hybrid cloud data services and data management company launched ‘Spot Security’, a new cybersecurity service in a public cloud solution. The advancements done are expected to protect public cloud environments.
Based on the services, the Storage as a Service (SaaS) accounted for the largest segmental market share in the overall Cloud Infrastructure as a Service (CIaaS) market size owing to increasing benefits provided by cloud storage.
The storage as a service segment is accounted to grow at a remarkable growth rate throughout the forecast period for global CIaaS market. The growth is majorly attributed to the benefits provided by the cloud storage services such as security, usability, accessibility, and cost-efficiency among others. Companies are increasingly focussing to provide efficient cloud storage services. For instance, in October 2021, Zadara, a cloud computing company collaborated with Zenlayer, an edge cloud services provider to offer managed storage solutions that companies can deploy from on-premises data centers, private colocation facilities, or the cloud.
Based on regions, the Cloud Infrastructure as a Service (CIaaS) market in North America accounted for the largest share in 2020
Geographically, the North America is expected to register a significant growth rate during the forecast period for cloud infrastructure as a service market owing to the increased integration of cloud computing solutions in their business operations. Moreover, the increased investments by varied companies into IT infrastructure and cloud services and promotion of Cross-Border Privacy Rules by the United States are driving the regional growth during the forecast period. For instance, in October 2021, Ericsson, a Swedish multinational networking and telecommunications company announced the launch of a new cloud-native and orchestration center in North America. The new center is expected to elevate its capacity to design, develop, implement, and support the life cycle management of cloud-native solutions for customers across the globe.
The report also provides an in-depth analysis of Cloud Infrastructure as a Service (CIaaS) market dynamics such as drivers, restraints opportunities and challenges
Note: Challenges along with in-depth market dynamics analysis is mentioned in the report. Get Sample Copy of Report
COVID-19 Impact on the Cloud Infrastructure as a Service (CIaaS) Market Analysis
The impact of COVID-19 has greatly affected the market of the Cloud Infrastructure as a Service (CIaaS) Market. An outbreak of COVID-19 has changed the way organizations work and operate, the trend of employees working from home is increasingly using conferencing and collaborative services to connect to the teal mates and with other companies. The increased usage of these services has resulted in the growing traffic on networks that connect users to these services stressing back-end support services. Most of the companies are shifting towards cloud services to solve these problems and work efficiently.
The report also provides an in-depth analysis of key trends in Cloud Infrastructure as a Service (CIaaS) market
|1||The market trend of shifting the data services onto the cloud platform to work remote, save operational costs, lessen the infrastructure, and increase efficiency of small and medium size enterprises is accounted to propel the CIaaS market||Positive|
|2||The increasing demand for public cloud is estimated to grow with significant pace. The key public cloud providers such as AWS, Azure and Google are improving their services and prices to strengthen their competitive posture.||Positive|
|3||The rising adoption of ‘lift and shift’ approach to cloud migration is observed to increase thus, driving the CIaaS market size throughout the forecast period.||Positive|
The report also provides an in-depth analysis of recent news developments and investments
The unique insight provided by this report also includes the following:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports