Infrastructure as a Service Market by Component Type, Global Opportunity Analysis and Industry Forecast, 2020-2027
Infrastructure-as-a-Service (IaaS) is a cloud computing solution, which helps in eliminating hardware cost by providing virtual server rooms and network systems on third party or in-house data centers. It provides complete IT infrastructure components such as servers, networks, storage systems, and data centers to various user groups including large and small & medium enterprises (SMEs).
The cost-effective benefits of IaaS technology, growth in demand for faster data accessibility, and increase in cloud adoption across various industry verticals are some of the key factors that drive the growth of the global IaaS market. In addition, significant shift toward hybrid cloud as primary deployment model, ICT spending by governments in several developed, and developing regions boost the market growth. However, lack of universal standards and rise in security and privacy concerns are anticipated to restrict the market growth. On the contrary, integration of AI with IaaS and rise in demand of IaaS by SMEs is anticipated to provide lucrative growth opportunities for the global IaaS market during the forecast period.
The cost-effective benefits of IaaS technology, growth in demand for faster data accessibility, and increase in cloud adoption across various industry verticals are some of the key factors that drive the growth of the global IaaS market. In addition, significant shift toward hybrid cloud as primary deployment model, ICT spending by governments in several developed, and developing regions boost the market growth. However, lack of universal standards and rise in security and privacy concerns are anticipated to restrict the market growth. On the contrary, integration of AI with IaaS and rise in demand of IaaS by SMEs is anticipated to provide lucrative growth opportunities for the global IaaS market during the forecast period.
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