DUBLIN, Dec. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7rrzt8/infrastructure_as) has announced the addition of the "Infrastructure as a Service (IaaS) Market - Global Forecast to 2020" report to their offering.
The infrastructure as a service (IaaS) market is expected to grow from USD 15.79 Billion in 2015 to USD 56.05 Billion by 2020, at a CAGR of 29.0%.
Several factors such as faster implementation, scalability, flexibility, and agility provided by the service; increasing market competition; and increasing demand for reducing investment on IT infrastructures, hardware, and hiring skilled resources are expected to bolster the growth of this market.
Additionally, the adoption of hybrid cloud among organizations is increasing, due to certain limitations of data security and expensive cost in public and private cloud models, respectively. The increase in adoption of hybrid model has played a significant role in enhancing the adoption of solutions in IaaS market.
Higher adoption rate in SMBs and mobility and BYOD trends among organizations have emerged as new opportunities to drive this market in the future. These technologies are supported by IaaS solutions, allowing users to connect from any location and providing many benefits, such as increased productivity, reduced IT, and operational costs.
The IT & telecom industry, along with BFSI and healthcare industries, account for the largest market share in the overall market. Increasing volume of business data in such verticals and concerns related to the security, confidentiality, and management of such a huge volume of critical individual information, financial, and other health related information are some of the major factors resulting in high spending by the verticals in the markets. Other high growth sectors include retail & e-commerce, government, and energy & utilities.
Among regions, North America is projected to have the largest market share and is expected to dominate the infrastructure as a service market from 2015 to 2020. This is backed by the existence of major IaaS vendors in the regions of North America. APAC is expected to showcase the highest growth potential and is projected to grow at a CAGR of 35.8% in IaaS market simultaneously.
However, privacy and data protection concerns, high initial investment costs, and other operational challenges are faced by most of the organizations and they struggle to make the optimum use of IaaS and other cloud technologies, which has been significantly hindering the growth of the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Infrastructure As A Service Market Analysis, By Solution
8 Infrastructure As A Service Market Analysis, By End User
9 Infrastructure As A Service Market Analysis, By Deployment Type
10 Infrastructure As A Service Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profile
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/7rrzt8/infrastructure_as
Media Contact:
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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