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Infrastructure as a Service (IAAS) Market 2024 Evolution boosting the growth Worldwide

Author : Ronak Bora | Published Date : 2019-03-25 

Based on deployment, the global Infrastructure as a Service (IAAS) Market can be segmented into public, private and hybrid cloud services. Growing popularity of public cloud services from small and medium businesses owing to the high operational efficiency offered by these services followed by low set-up cost is expected to propel the industry demand over the forecast timeline. For instance, IBM Blue Cloud, based on open standards and open source software enable data centers to operate as internet allowing computing across accessible and distributed resources worldwide.

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Infrastructure as a Service (IAAS) Market is anticipated to witness growth over the forecast timeline, owing to the high demand for safety and storage of business data across BFSI, IT and Telecom sectors. Integration of technologically advanced solutions coupled with growing demand in enterprises may significantly propel growth of the IaaS market.

Growing need for high speed interaction between various networks, fast access to data, running real time queries may cater to the growth of Infrastructure as a Service (IAAS) Market. Moreover, the growing volume of business and financial data is creating the demand for wide adoption of IaaS by organizations.

High price of the software and the network complexity concerns needs to be addressed. Moreover, lack of awareness about the technology may curb the Infrastructure as a Service (IAAS) Market growth. Factors such as dependency on a single network of servers may prove to be risky in crucial times. Moreover, to protect confidential information of business entities against any misdemeanors, strong encryption techniques must be implemented.

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By end use, the Infrastructure as a Service (IAAS) Market can be segmented into small, medium and large enterprises. Furthermore, the segments can be classified into various industries such as banking financial and insurance sector (BFSI), IT, Telecom, Hospitality, Healthcare, Manufacturing. IT &Telecom and BFSI industry are anticipated to dominate the industry in a view to the rising demand for virtualization of data center and efficient data management. SMBs owing to its cost efficiency and operationally efficient services.

Based on services, the IaaS market can be segmented into Disaster recovery as a Service(DraaS), Communication as a Service(CaaS), Database as a Service(DbaaS). DraaS is anticipated to witness high growth owing to its capability to replicate virtual servers by a third party to recover data in an event of natural data failure and any security breach.

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Infrastructure as a Service (IAAS) Market is very competitive owing to the presence of many industry participants. Industry players include Amazon, IBM, Google, CSC Corp., Microsoft and Rackspace. Amazon Elastic Compute Cloud (EC2) finds its use in accessing servers, software’s, storage devices. Moreover, elastic load balancing is one of the attractive features owing to distributing traffic in multiple instances. Other notable players in the IaaS market are.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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