Future Market Insights (FMI) projects the industrial access control product demand outlook to remain positive, with sales predicted to surpass US$ 3,653.5 Mn by 2021.
The infrastructure as a service (IaaS) market is expanding rapidly and offers numerous options, making it a valuable market. The growing need for enterprises to decrease their IT burden and reduce the expenses associated with establishing data center support infrastructure is driving the growth of IaaS/hosting infrastructure services market.
Moreover, As the demand for cloud-based IT infrastructure models grows, the market for IaaS/hosting infrastructure services is continuously developing as the IaaS/hosting infrastructure services market act as cloud infrastructure service providers. However, most organizations experience privacy and data protection issues, high initial investment costs, and other operational obstacles, and they struggle to make the best use of IaaS and other cloud technologies, which has considerably hampered market growth.
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What is the Growth Scope of the IaaS/Hosting Infrastructure Services Market?
Services provided by IaaS/hosting infrastructure services include virtualized computing resources such as servers, software, storage, and other infrastructure components over the internet. Organizations are widely implementing IaaS/Hosting infrastructure services and engaging in IaaS based platforms due to the rising volume of business and financial data and other critical information among the businesses in various verticals.
IaaS/Hosting infrastructure services offers solution through which an enterprise outsources IT equipment to support business operations such as storage, networking, and servers, hardware or rents out the services of an entire infrastructure from a third-party vendor.
What are the Dynamics of the IaaS/Hosting Infrastructure Services Market?
Flexibility to run critical business applications & robust and reliable IT infrastructures are the driving factor of IaaS/Hosting infrastructure services market. Increase in complexity of network architecture can be a restraining factor which will hamper the growth of IaaS/Hosting infrastructure services market. Increased penetration for IaaS/Hosting infrastructure as it reduces IT administration cost is creating opportunities for IaaS/Hosting infrastructure services market.
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Few prominent players in IaaS/Hosting Infrastructure Services market include Wipro Limited, Amazon Web Services, AT&T, Google Inc., HP, Inc., IBM Corporation, Microsoft Corporation, Akamai Technologies, Daisy Group Limited, VMware Inc., Oracle Corporation and others
Some other major players covered in the IaaS/hosting infrastructure services market report are, CenturyLink, Colt Technology Services Group Limited, CoreSite, Internap Corporation, NetApp, NTT Communications Corporation, RACKSPACE US, INC., Sungard Availability Services, Zayo Group, LLC., GoDaddy Operating Company, LLC., among other domestic and global players.
Which Region Holds Sway in IaaS/Hosting Infrastructure Services Market?
IaaS/Hosting infrastructure services market is dominated by the North America, and Western Europe region. North America is dominant in this market due to the wide presence of key IaaS/hosting infrastructure services provider. Asia Pacific is an emerging market for IaaS/Hosting infrastructure services and companies are planning to adopt both on-premises and cloud-based models in this region.
Eastern Europe, Latin America and MEA is expected to see growth in the IaaS/Hosting infrastructure services market. Moreover, MEA is an evolving market for IaaS adoption due to the shift from traditional on-premises deployment to the cloud-based deployment of many solutions across various industries.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
Nov 18, 2022
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