The Infrastructure as a service (IaaS) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company's insightful Infrastructure as a Service (IaaS) Global Market Report for 2024, the IaaS market has experienced remarkable growth, surging from $94.85 billion to a projected $108.34 billion by 2024, boasting a robust Compound Annual Growth Rate (CAGR) of 14.2%. This expansion in the historical period is credited to dynamic workforce changes, the ascendancy of DevOps and agile methodologies, a strategic shift towards outsourced IT infrastructure, globalization, and market expansion, coupled with an emphasis on disaster recovery and business continuity.

Projections indicate a continued upward trajectory for the IaaS market, anticipating a surge to $212.34 billion by 2028, driven by a formidable CAGR of 18.3%. This growth is ascribed to burgeoning digital transformation initiatives, fortified security measures, a dedicated focus on sustainable infrastructure, widespread adoption of hybrid and multi-cloud solutions, and the integration of Artificial Intelligence (AI) and machine learning. Notable trends in the forecast period encompass the adoption of serverless computing, containerization, and Kubernetes, the rise of edge computing infrastructure, as well as the seamless integration of AI within a software-defined infrastructure (SDI) framework.

A rise in number of the small and medium-sized businesses is expected to propel the growth of the infrastructure as a service (IaaS) market going forward. Small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. IaaS providers handle all of the infrastructure components, which reduces maintenance and upgrade costs for SMBs. For instance, according to the U.S. Small Business Administration (SBA), a US-based government agency, small businesses make up 99.9% of all businesses in the United States. In 2021, there were 31.7 million small businesses in the United States, which accounted for 64.2% of net new private-sector jobs created from 2010 to 2021. Thus, a rise in number of the small and medium-sized businesses is driving the growth of the infrastructure as a service (IaaS) market.

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The infrastructure as a service (iaas) market covered in this report is segmented –
1) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud
2) By Application: Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS)
3) By End User: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Education, Healthcare, IT And Telecom, Retail, Manufacturing, Media And Entertainment, Other Industry Verticals

Sub-Segements : Rechargeable, Non-Rechargeable
Leading entities in the Infrastructure as a Service market are at the forefront of innovation, introducing cutting-edge products such as Watson AIOps. Notably, IBM, a prominent US-based technology company, launched Watson AIOps in September 2022. This sophisticated AIOps platform and IT operations management solution empower IT operators to centralize AI in their ITOps toolchain. Leveraging traceable AI, Watson AIOps instills confidence in AI-powered recommendations and insights for mission-critical workloads. The platform delivers clear and concise recommendations, enabling teams to expedite problem-solving processes efficiently.

The infrastructure as a service (iaas) market report table of contents includes:
1. Executive Summary
2. Infrastructure as a service (IaaS) Market Characteristics
3. Infrastructure as a service (IaaS) Market Trends And Strategies
4. Infrastructure as a service (IaaS) Market - Macro Economic Scenario
5. Global Infrastructure as a service (IaaS) Market Size and Growth

......

32. Global Infrastructure as a service (IaaS) Market Competitive Benchmarking
33. Global Infrastructure as a service (IaaS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Infrastructure as a service (IaaS) Market
35. Infrastructure as a service (IaaS) Market Future Outlook and Potential Analysis
36. Appendix

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