PRESS RELEASE – ALBANY, New York, September 24, 2015 /PRNewswire/ — According to a new market report published by Transparency Market Research “Infrastructure as a Service (IaaS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022“, the global IaaS Market was valued at US$15.6 bn in 2014 and is expected to grow at a CAGR of 22.1% from 2015 to 2022, reaching US$73.9 bn by the end of forecast period.
Increasing demand for disaster recovery as a service across the world is the most prominent factor encouraging the adoption of IaaS worldwide. In addition, rising penetration of hybrid cloud solutions is bolstering the demand for IaaS, globally. However, privacy issues, higher data security, and evolving needs and growing complexities of the marketplace are expected to restrict the market growth during the forecast period.
Full Research Report on Infrastructure as a Service (IaaS) Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/infrastructure-service-market.html
The IaaS market is providing a highly competitive cloud computing platform to the companies by enabling shared pool of storage and compute for end-users on on-demand basis. Rising mobility and Bring Your Own Device (BYOD) trends within various end-use sectors are further creating demand for IaaS by facilitating enhanced ease and accessibility to the usage of these solutions. The global IaaS market is expected to witness lucrative growth opportunities in the APAC region due to rising investments and economic growth of emerging markets, which is further driving technology adoption. Hybrid cloud IaaS model is expected to be the fastest growing implementation model for the IaaS market. This is due to the introduction of more enterprises which may look for solutions that are more cost-efficient and ensure better flexibility in outsourcing their IT requirements to the cloud. Thus, the global IaaS market; with its rising applications in large and small and medium enterprises is expected to record 305.6% revenue growth over the forecast period 2015 to 2022.
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Geographically, North America led the global IaaS market in 2014, accounting for over 40% of the global market revenue share and it is expected to continue its dominance