- Infrastructure as a Service provides virtualized computing resources over the internet. It offers scalable and cost-effective solutions for computing power, storage, and networking without requiring physical hardware. Businesses use Infrastructure as a service for flexible resource management, reducing capital expenses, and enhancing operational efficiency. It supports diverse applications, from web hosting to complex data processing
- The rising demand for Infrastructure as a service is primarily driven by the need for flexible, cost-effective cloud solutions that support remote work, big data analytics, and application hosting, alongside increasing emphasis on business continuity, disaster recovery, and rapid scalability to meet fluctuating workloads
- North America dominated the infrastructure as a service market with a share 45% in 2024, due to widespread cloud adoption across enterprises, advanced IT infrastructure, and strong investments in digital transformation initiatives
- Asia-Pacific is expected to be the fastest growing region in the infrastructure as a service market during the forecast period due to rapid digitalization, urbanization, and expanding internet penetration in emerging economies such as China, India, Japan, and Australia
- Storage segment dominated the market with a market share of 38.5% in 2024, due to the exponential increase in data generation and the need for scalable, secure, and high-performance storage solutions. Organizations rely heavily on cloud storage for backup, disaster recovery, and seamless access to critical data, which has made storage the backbone of Infrastructure as a service offerings
