Infrastructure as a Service (IaaS) Industry - Regional Synopsis
Geographically, the global infrastructure-as-a-service (IaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is poised to hold largest revenue share by 2037, owing to presence of advanced IT infrastructure and high penetration of hybrid cloud in the region. For instance, the cloud infrastructure services spending in the United States in 2021 was approximately USD 19 Billion, an increase of nearly 30% from that of 2020.
Asia-Pacific region is projected to register highest growth over the forecast period owing to rapid adoption of cloud infrastructure to ensure low-cost networking, and storage solutions. Furthermore, increasing investments in IT infrastructure in countries such as China, India, and Australia are providing potential growth opportunities for the infrastructure-as-a-service market..
