Infrastructure As A Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Includes Global Infrastructure As A Service Market Companies & Industry Size and is Segmented by Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), Service (Managed Hosting, Disaster Recovery As A Service (DRaaS), Communication As A Service (CaaS), Database As A Service (DBaaS), Storage As A Service (SaaS)), End-User Industry (BFSI, IT & Telecom, Healthcare, Media & Entertainment, Retail) and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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Infrastructure as a Service Market Size

Infrastructure As A Service Market Summary
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Study Period 2019-2029
Market Size (2024) USD 157.12 Billion
Market Size (2029) USD 391.12 Billion
CAGR (2024 - 2029) 20.01 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Infrastructure As A Service Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Infrastructure as a Service Market Analysis

The Infrastructure As A Service Market size is estimated at USD 157.12 billion in 2024, and is expected to reach USD 391.12 billion by 2029, growing at a CAGR of 20.01% during the forecast period (2024-2029).

IaaS, or Infrastructure as a service, is a cloud computing paradigm that allows businesses to rent servers for remote computing and storage applications while allocating virtualized computing resources to users over the Internet.

  • More enterprises are expected to embrace IaaS due to the growth in financial, business, and other vital data across various IT sectors. The IaaS market may expand due to the rising demand for quick data access, real-time query processing, and high-speed network communication.
  • Serverless computing's expanding popularity, cloud services' growing demand for hybrid clouds, and more people using the Internet. As the leading cloud service providers transition to hybrid environments, integrated IaaS services are anticipated to drive the next wave of cloud infrastructure adoption.
  • End users consider IaaS a substantial cost-saving service where clients pay only for what they use because cluster cloud servers have the fastest scalability. Also, the end user saves on the installation costs of adding individual servers to the network.
  • However, security worries regarding the deployment of private clouds and a lack of IT infrastructure in developing nations are also anticipated to restrain market expansion somewhat.
  • The COVID-19 pandemic impacted the Infrastructure as a Service (IaaS) market, which showed significant growth then. This was because of the restrictive containment measures, such as social isolation, remote work, and the suspension of commercial activities, which created operational difficulties for businesses and encouraged cloud services.

Infrastructure as a Service Market Trends

IT & Telecom Expected to Hold Significant Growth

  • Due to the industry's increased acceptance of cloud-based services, the IT and telecommunications sector is predicted to experience a strong growth rate for the IaaS market. This sector is one of the most important verticals, producing a vast amount of financial, healthcare, and personal data. Numerous telecom companies want to offer cloud infrastructure as a service.
  • The IT and telecom industries produce a lot of data. Consequently, managed hosting, DRaaS, and STaaS solutions give companies access to affordable compute and storage resources. Cloud technology has allowed telecoms to go online, where organizations can now stay linked to the rest of the world without the need for expensive gear.
  • One cloud application may handle numerous operational demands, including document storage, network security, virtual data centers, and many others, so it is anticipated that IaaS will have global potential.
  • The global market for infrastructure as a service is expanding as a result of rising demand for low-cost IT infrastructure and quicker data accessibility. Moreover, increased cloud use in the IT and telecommunications sectors is helping the IaaS industry expand.
  • However, due to an increase in the use of high-speed internet connections, such as 5G connections, a sizable population, increased competition among telecom and IT service providers, and an increase in global GDP.
  • Governments in many countries are pushing information and communication technologies that increase the use of cloud systems, which in turn is fueling market expansion. Digitilazation, along with increasing data center demand from various IT companies, is creating opportunities for major players.
Infrastructure As A Service Market: Current and Planned Usage of Public Cloud Platform Services Running Applications Worldwide in 2022, by Service Provider, in Percentage

Asia-Pacific Expected to Hold Significant Growth

  • Over the projection period, Asia-Pacific will likely have considerable expansion and take the lead in the IaaS market. High growth in this region can be due to rising internet usage and improving technology in several economies, including China, India, and South Korea.
  • Due to the strengthening economy, nations like Japan, China, and India are developing, which will foster the expansion of the regional market. Also, the region's rapid industrialization is a crucial factor in developing the IaaS market there. The government in this area is spending more money on IT, creating more market opportunities.
  • Rapid urbanization, global digitization, and the increasing use of digital commerce in the region will all drive to contribute to the market's enormous potential.
  • The expansion of the Infrastructure as a Service market in this area throughout the projection period is also aided by the rising acceptance of digital trends, the increasing penetration of smart devices, and the rising number of SMEs. Moreover, the highest market share in the Asia-Pacific area for Infrastructure as a service was held by China, and the fastest-growing market was India.
Infrastructure As A Service Market - Growth Rate by Region

Infrastructure as a Service Industry Overview

The infrastructure-as-a-service market is fragmented and highly competitive due to the presence of various players and increasing demand for IaaS software models. Ongoing research and technological advancements are expected to be the key trends in the global market. Key players in the market include Google Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation, and Amazon Web Services Inc.

  • September 2023 - The extended partnership of Oracle Corp and Microsoft Corp was announced to deliver Oracle Database@Azure, allowing users to access Oracle database services directly, hosted in Microsoft Azure datacenters and managed by Oracle Cloud Infrastructure (OCI). Oracle Database@Azure combines the security, flexibility, and effective offerings of Microsoft Azure, including competitive AI services like Azure OpenAI, with Oracle Database's performance, scale, and workload availability benefits on OCI. 
  • February 2023 - Oracle Corporation and Uber Technologies have collaborated strategic cloud partnership to accelerate Uber's innovation, help deliver new products to market, and drive increased profitability, where migrating some of the company's most critical workloads to Oracle Cloud Infrastructure (OCI), Uber will be in a position to modernize its infrastructure while also accelerating its path to profitability.

Infrastructure as a Service Market Leaders

  1. Google Inc.

  2. Oracle Corporation

  3. Microsoft Corporation

  4. IBM Corporation

  5. Amazon Web Services Inc.

*Disclaimer: Major Players sorted in no particular order

Infrastructure As A Service Market Concentration
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Infrastructure as a Service Market News

  • August 2023 - Cisco, a global technology company, and Kyndryl, an IT infrastructure services provider, have extended the partnership to include new services to assist enterprise clients more effectively in identifying and addressing cyber risks. More specifically, Kyndryl will integrate its cyber resilience solution with Cisco's comprehensive Security Cloud platform, comprising security elements like Multicloud Defense, which unifies security and policy across private and public clouds, Cisco's Duo access control, and extended detection and response features.
  • May 2023 - Kyndryl Holdings, Inc., a prominent provider of IT infrastructure services globally, and Cloudflare, Inc., a United States-based IT services management company, announced their partnership to help businesses modernize and scale their corporate networks with managed WAN-as-a-Service and Cloudflare Zero Trust. Through this agreement, companies can connect to different clouds at scale more efficiently by using Cloudflare's robust technology platform and Kyndryl's reliable end-to-end networking services.

Infrastructure as a Service Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain / Supply Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Driver

      1. 5.1.1 Increased Demand For Hybrid Cloud Platform

      2. 5.1.2 Growing Need For High Speed Interaction Between Various Networks

    2. 5.2 Market Restraints

      1. 5.2.1 Stringent Government Regulations

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Deployment Mode

      1. 6.1.1 Public Cloud

      2. 6.1.2 Private Cloud

      3. 6.1.3 Hybrid Cloud

    2. 6.2 By Service

      1. 6.2.1 Managed Hosting

      2. 6.2.2 Disaster Recovery as a Service ( DRaaS)

      3. 6.2.3 Communication as a Service (CaaS)

      4. 6.2.4 Database as a Service (DBaaS)

      5. 6.2.5 Storage as a Service (SaaS)

    3. 6.3 By End-user Industry

      1. 6.3.1 BFSI

      2. 6.3.2 IT & Telecom

      3. 6.3.3 Healthcare

      4. 6.3.4 Media & Entertainment

      5. 6.3.5 Retail

      6. 6.3.6 Other End-user Industries

    4. 6.4 By Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia-Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Amazon Web Services Inc.

      2. 7.1.2 Google Inc.

      3. 7.1.3 Microsoft Corporation

      4. 7.1.4 Oracle Corporation

      5. 7.1.5 IBM Corporation

      6. 7.1.6 Rackspace Hosting Inc.

      7. 7.1.7 EMC Corporation

      8. 7.1.8 VMWare Inc.

      9. 7.1.9 RedHat Inc.

      10. 7.1.10 RedCentric PLC

    2. *List Not Exhaustive

  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Infrastructure as a Service Industry Segmentation

Infrastructure as a service is a type of cloud computing that provides virtualized computing resources over the internet. It is a service model that delivers computer infrastructure to support enterprise operations. IaaS is one of the layers of cloud computing platform wherein the customer organization outsources its IT infrastructure such as servers, networking, processing, storage, virtual machines, and other resources.

Infrastructure as a service market is segmented by deployment mode (public cloud, private cloud, hybrid cloud), service (managed hosting, disaster recovery as a service (DRaaS), communication as a service (CaaS), database as a service (DBaaS), storage as a service (SaaS)), end-user industry (BFSI, IT & telecom, healthcare, media & entertainment, retail) and geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Deployment Mode
Public Cloud
Private Cloud
Hybrid Cloud
By Service
Managed Hosting
Disaster Recovery as a Service ( DRaaS)
Communication as a Service (CaaS)
Database as a Service (DBaaS)
Storage as a Service (SaaS)
By End-user Industry
BFSI
IT & Telecom
Healthcare
Media & Entertainment
Retail
Other End-user Industries
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Infrastructure as a Service Market Research FAQs

The Infrastructure As A Service Market size is expected to reach USD 157.12 billion in 2024 and grow at a CAGR of 20.01% to reach USD 391.12 billion by 2029.

In 2024, the Infrastructure As A Service Market size is expected to reach USD 157.12 billion.

Google Inc., Oracle Corporation, Microsoft Corporation, IBM Corporation and Amazon Web Services Inc. are the major companies operating in the Infrastructure As A Service Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Infrastructure As A Service Market.

In 2023, the Infrastructure As A Service Market size was estimated at USD 125.68 billion. The report covers the Infrastructure As A Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Infrastructure As A Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Infrastructure as a Service Industry Report

Statistics for the 2024 Infrastructure As A Service market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Infrastructure As A Service analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Infrastructure as a Service Market Report Snapshots

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Infrastructure As A Service Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)