Global Infrastructure as a Service (IaaS) Market Capitalizes on Easy Accessibility, Elimination of CAPEX, and Enhanced Flexibility Offered by IaaS Solutions

Infrastructure as a Service (IaaS) is one among the three fundamental service models of cloud computing besides Software as a Service (SaaS) and Platform as a Service (PaaS). The IaaS service model delivers computer infrastructure but on a third-party basis to support enterprise operations. While IaaS typically provides storage, hardware, server, network components, or data center space, it may also comprise software. Recent developments and technological upgrades have made IaaS platforms highly accessible and easy to adopt. Due to such features, IaaS is often touted as a well-suited service model for wide-ranging experiments and workloads.

In its latest report, Transparency Market Research has pegged the value of the global IaaS market at US$15.6 bn in 2014. Rising at a CAGR of 22.10% between 2015 and 2022, the market, according to the report, will reach US$73.9 bn by the end of 2022.

Rising Demand for Flexibility across Businesses Boosts Global IaaS Market

Growing demand for disaster recovery as a service from various participants of the information and technology industry is the main factor boosting the global IaaS market. Since the technology is highly accessible and has low setup requirements, an increasing number of micro, small, and medium enterprises (MSMEs) have been adopting it on a large scale, which subsequently gives an incredible impetus to the global market for IaaS.

Browse Research Report:http://www.transparencymarketresearch.com/infrastructure-service-market.html
Businesses today seek a high degree of operational flexibility, the only way to achieve which is by deploying hybrid cloud solutions in their organizations. The demand for IaaS has thus significantly risen, since it delivers tailor-made solutions for companies in return of low capital expenditure (CAPEX).

However, issues pertaining to data security, theft, and privacy are very common in cloud computing, which may impede the growth trajectory of the global IaaS market. Nevertheless, market surveys conducted recently have identified lucrative growth opportunities for the market in the APAC region. The region is likely to witness higher IT investments fuelled by the rising economic prosperity in the region. In addition, the growing market for smartphones and tablets, which provide enhanced accessibility to IaaS solutions, is also aiding the growth of the global IaaS market.

A typical IaaS or Infrastructure as a Service solution delivers the following benefits:
  • Scalability: IaaS resources are easily accessible and available to the client as and when they require them. This eliminates the chances of delays or wastage of unused capacity.
  • No investment required in hardware: The fundamental physical hardware supporting IaaS services is installed and maintained by cloud providers. This saves the time as well as cost of deploying the same on the client’s site.
  • Affordable: Since these services can be accessed on demand, a client is required to pay only for the resources he actually uses.
  • Location independence: Clients can access IaaS services from any location as long as they are connected via internet and it is allowed by the cloud security protocol.  
Browse Press Release:http://www.transparencymarketresearch.com/pressrelease/infrastructure-service-market.htm
 
Not even a single point of failure: For instance, if one of the server or network switches were to fail, the overall service will remain unaffected due to the presence of a multitude of hardware resources as well as redundancy configuration.

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