Global Infrastructure as a Service (IaaS) in Chemical Industry Market, By Service Type (Managed hosting, DRaaS, Storage as a Service, Colocation, Network Management), Deployment Mode (Public, Private, Hybrid), Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), Operation (Rechargeable, Non-Rechargeable), Application (Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS)) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been rise in the market revenue of Infrastructure as a Service (IaaS) in the chemical industry Market is due to an increase in cloud implementation across the chemical industry. The adoption of IaaS is being driven by the growing demand for enterprises to reduce their IT load and lower the expenses associated with locating data centers and hiring qualified employees to operate IT systems. Consequently, within the forecasted period the market will witness huge growth.
Global Infrastructure as a Service (IaaS) in Chemical Industry Market was valued at USD 68350 million in 2021 and is expected to reach USD 233521.5 million by 2029, registering a CAGR of 16.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Infrastructure as a service (IaaS) is basically a basic computing infrastructure that is delivered and controlled over the internet. It enables you to scale up or down your computer, network, storage, and security resources as needed. It allows end-users to grow and reduce sources as needed, reducing the need for large, up-front capital expenditures.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Service Type (Managed hosting, DRaaS, Storage as a Service, Colocation, Network Management), Deployment Mode (Public, Private, Hybrid), Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), Operation (Rechargeable, Non-Rechargeable), Application (Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS))
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Oracle (U.S.), IBM (U.S.), RACKSPACE TECHNOLOGY, (U.S.), Microsoft (U.S.), VMware, Inc., (U.S.), Dell Inc., (U.S.), Redcentric plc (UK), Google LLC (U.S.), Cisco Systems, Inc. (U.S.), Red Hat, Inc.(U.S.), Getronics (Netherlands), Hewlett Packard Enterprise Development LP (U.S.), CenturyLink (U.S.), NEC Corporation (Japan), Joyent, Inc (U.S.), AT&T Intellectual Property (U.S.), Citrix Systems, Inc. (U.S.) and NTT DATA Corporation (Japan)
|
|
Market Opportunities
|
|
Infrastructure as a Service (IaaS) in Chemical Industry Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Infrastructure as a Service (IaaS) Offers Various Features
The IaaS service operators propose a large range of solutions with expanded features on existing network elements, the IaaS market size is expected to boost the IaaS in chemical industry market in the near future. Furthermore, IaaS services provide extensive monitoring, log access, load balancing and clustering, protection, and storage redundancy qualities such as replication, backup, and recovery, which is expected to buffer the growth of the IaaS market in the chemical sector during the forecast period.
The huge rate of acceptance of cloud computing and related with cloud services around the world will further propel the growth rate of infrastructure as a service (IaaS) in chemical industry market. Additionally, the decline in application and business costs due to the cost effective and efficiency in cloud computing approval are projected to bolster the growth of the market.
Opportunities
Furthermore, the high penetration of hybrid cloud across the chemical industries further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the faster implementation, scalability and accessibility of the IT system along with the high adoption rate in SMBS will further expand the future growth of the infrastructure as a service (IaaS) in chemical industry market.
Restraints/Challenges
- Safety Issues
The privacy and data protection issues are projected to stymie the expansion of the infrastructure as a service industry. Data leaks, compromised accounts, and authentication bypass, interface and API hacking, cyber-attacks, permanent data loss, lack of awareness of cloud capabilities, application vulnerability, and exploitation of cloud services are all common IaaS security issues. The absence in the confidence related to the safety capability and secured infrastructures is projected to create hindrances for the growth of the infrastructure as a service (IaaS) in chemical industry market.
- High Cost
Also, the high cost of initial investment will prove to be a demerit for the infrastructure as a service (IaaS) in chemical industry market. Therefore, this will challenge the infrastructure as a service (IaaS) in chemical industry market growth rate.
Moreover, the redesigning the network for cloud coupled with the strict rules and regulations are also expected to hamper growth of the global infrastructure as a service (IaaS) in chemical industry market.
This infrastructure as a service (IaaS) in chemical industry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the infrastructure as a service (IaaS) in chemical industry market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Infrastructure as a Service (IaaS) in Chemical Industry Market
The recent outbreak of coronavirus has largely impacted the infrastructure as a service (IaaS) in chemical industry market. The companies scrambled to adopt technologies that enable remote work at scale, and enterprises are more likely to enjoy flat costs or price cuts. AWS, Microsoft, and Google have benefited significantly from the COVID-19 pandemic situation prevailing across the globe, as companies scrambled to adopt technologies that enable remote work at scale, and enterprises are more likely to enjoy flat costs or price cuts. Even while the pandemic gives hyperscalers more leverage and influence, enterprises probably don't need to worry about profiteering on their part. In the current environment, a price increase might be terrible for a provider's reputation and client trust. Public cloud services, on the other hand, increased by 19 percent in 2020, with cloud-based phone and messaging increasing by 9% and cloud-based conferencing increasing by 26%. AWS has slashed the cost of its Macie data security solution by 80%. Oracle, which ranks fourth in market share for cloud services after Amazon Web Services, Microsoft, and Google, touted its 50 percent cost savings over AWS at its recent virtual Cloud Day conference. Hyperscalers dwarf cloud platform provider Digital Ocean in terms of size. During the pandemic, however, it enjoyed an increase in business.
Global Infrastructure as a Service (IaaS) in Chemical Industry Market Scope
The infrastructure as a service (IaaS) in chemical industry market is segmented on the basis of service type, deployment mode, organization size, operation and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Managed hosting
- DRaaS
- Storage as a Service
- Colocation
- Network Management
Deployment Mode
- Public
- Private
- Hybrid
Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Operation
- Rechargeable
- Non-Rechargeable
Application
- Managed Hosting
- Storage As A Service
- Disaster Recovery As A Service And Backup
- Compute As A Service (CaaS)
- Network As A Service (NaaS)
- Content Delivery Services
- High-Performance Computing As A Service (HPcaaS)
Infrastructure as a Service (IaaS) in Chemical Industry Market Regional Analysis/Insights
The infrastructure as a service (IaaS) in chemical industry market is analyzed and market size insights and trends are provided by country, service type, deployment mode, organization size, operation and application as referenced above.
The countries covered in the infrastructure as a service (IaaS) in chemical industry market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the infrastructure as a service (IaaS) in chemical industry market because of the high density of manufacturers, large IT infrastructure thus growing the demand for IaaS coupled with the innovations in software development within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the rapid introduction of several cloud-based solutions within the chemicals industry along with the rapid modernization and global digitization within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Infrastructure as a Service (IaaS) in Chemical Industry Market Share Analysis
The infrastructure as a service (IaaS) in chemical industry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to infrastructure as a service (IaaS) in chemical industry market.
Some of the major players operating in the infrastructure as a service (IaaS) in chemical industry market are
- Oracle (U.S.)
- IBM (U.S.)
- RACKSPACE TECHNOLOGY, (U.S.)
- Microsoft (U.S.)
- VMware, Inc., (U.S.)
- Dell Inc., (U.S.)
- Redcentric plc (UK)
- Google LLC (U.S.)
- Cisco Systems, Inc. (U.S.)
- Red Hat, Inc. (U.S.)
- Getronics (Netherlands)
- Hewlett Packard Enterprise Development LP (U.S.)
- CenturyLink (U.S.)
- NEC Corporation (Japan)
- Joyent, Inc., (U.S.)
- AT&T Intellectual Property (U.S.)
- Citrix Systems, Inc. (U.S.)
- NTT DATA Corporation (Japan)
SKU-