Infrastructure-as-a-Service Market Trends

Growth Drivers

Increasing digitalization and technological advancements
High demand for managed cloud computing services
Increasing adoption of IaaS solutions to lower the IT burden and incurred cost

Challenges

Concerns over data protection, privacy and security
Lack of proper infrastructure and awareness about the capabilities of cloud infrastructure

Infrastructure-as-a-Service (IaaS) Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	25.7%
Base Year Market Size (2023)	USD 1.88 trillion
Forecast Year Market Size (2036)	USD 96.17 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of infrastructure as a service is estimated at USD 115.94 billion.

Infrastructure as a Service (IaaS) Market size was over USD 96.17 billion in 2023 and is poised to cross USD 1.88 trillion by 2036, growing at more than 25.7% CAGR during the forecast period i.e., between 2024-2036. Increasing digitalization and technological advancements, high demand for managed cloud computing services, and adoption of IaaS solutions to lower the IT burden and incurred cost will drive the market growth.

North America region is expected to hold largest industry share by 2036, owing to presence of advanced IT infrastructure and high penetration of hybrid cloud in the region.

The major players in the market are VMware, Inc., Nutanix, Cisco Systems, Inc., Microsoft, Google Cloud, Dell Inc., Amazon Web Services, Inc., IBM, Oracle, Alibaba Cloud (Alibaba Group), Red Hat, Inc., and others.

Infrastructure-as-a-Service Market Trends