Absolute Market Insights recent analysis of the Cloud Infrastructure-As-A-Service (IaaS) Market finds that the increasing demand from the low-cost IT infrastructure and faster data accessibility is expected to witness maximum growth in the Cloud Infrastructure-As-A-Service (IaaS) Market during the forecast period. The global Market revenue stood at a value USD 75.23 Bn in the year 2021.
Market Synopsis
Infrastructure as a service (IaaS) is a cloud computing service in which businesses rent servers in the cloud for compute and storage. These web services provide high-level APIs that may be used to dereference various low-level features of network infrastructure, such as physical computer resources, data partitioning, scaling, location, security, backup, and so on. IaaS allows users to run any operating system or application on leased servers without having to pay for the operation and upkeep of servers.
Cloud Infrastructure-As-A-Service (IaaS) Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Digital Nose Technology Market is predicted to grow at a CAGR of roughly 10.30% during the forecast period.
- The Digital Nose Technology Market was estimated to be worth roughly 25.61 Mn in 2021 and is expected to reach USD 39.2 Mn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Digital Nose Technology Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Cloud Infrastructure-As-A-Service (IaaS) Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Growth in demand for low-cost IT infrastructure and faster data accessibility propels growth of the global infrastructure as a service market. In addition, increase in cloud adoption across several industry verticals is also positively impacting growth of the IaaS market.The coronavirus pandemic technically has contributed to the growth of the global cloud infrastructure-as-a-service (IaaS) market. The pandemic curbs forced majority of organizations to work remotely and to ensure efficiency, these companies or organizations had to opt cloud IaaS. This has also helped them save loads of operational costs, which has eventually increased the amount of profit.
Restraint:
Security concerns over private cloud deployment hampers the Cloud Infrastructure-As-A-Service (IaaS) market growth.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Cloud Infrastructure-As-A-Service (IaaS) Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
On the basis of region in the global cloud infrastructure-as-a-service (IaaS) market North America dominated in terms of market share thanks to the increased use of cloud computing solutions by companies. The IT infrastructure in the region is among the best as the amount of money invested in this sector is massive.
List of Prominent Players in Cloud Infrastructure-As-A-Service (IaaS) Market:
- Alibaba Cloud
- Amazon Web Services, Inc.
- AT&T
- Capgemini
- Cloud Technology Partners, Inc.
- DXC Technology Company
- Google Cloud
- Huawei Technologies Co., Ltd.
- IBM
- Microsoft Azure
- NTT Limited
- Oracle
- Orange Group
- Rackspace Technology
- Unisys
- XenonStack
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Cloud Infrastructure-As-A-Service (IaaS) Market?
- How will the Cloud Infrastructure-As-A-Service (IaaS) Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Cloud Infrastructure-As-A-Service (IaaS) Market?
- What is the Cloud Infrastructure-As-A-Service (IaaS) Market drivers and restrictions?
- What will be the CAGR and size of the Cloud Infrastructure-As-A-Service (IaaS) Market throughout the forecast period?
This market titled Cloud Infrastructure-As-A-Service (IaaS) Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Services
- Networking as a Service,
- Application Migration Services,
- Storage as a Service,
- Security Management Services,
- Compute as a Service,
- Data Center as a Services,
- Disaster Recovery and Backup as a Service,
- Others
- By Deployment
- Private Cloud,
- Public Cloud,
- Hybrid Cloud
- By Organization Size
- Small and Medium Organizations,
- Large Organizations
- By Pricing Model
- Long term/ Reserved Subscription,
- Monthly subscriptions,
- Hourly
- By Industry Vertical
- Banking,
- Financial Services and Insurance (BFSI),
- Government,
- Travel and Hospitality,
- Life Sciences and Healthcare,
- Manufacturing,
- IT and Telecommunication,
- Retail,
- Energy and Utilities,
- Food and Beverage,
- Media and Entertainment, Others
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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