A comprehensive research study on Infrastructure as a Service Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
By end use, the Infrastructure as a Service Market can be segmented into small, medium and large enterprises. Furthermore, the segments can be classified into various industries such as banking financial and insurance sector (BFSI), IT, Telecom, Hospitality, Healthcare, Manufacturing. IT &Telecom and BFSI industry are anticipated to dominate the industry in a view to the rising demand for virtualization of data center and efficient data management. SMBs owing to its cost efficiency and operationally efficient services.
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High price of the software and the network complexity concerns needs to be addressed. Moreover, lack of awareness about the technology may curb the Infrastructure as a Service Market growth. Factors such as dependency on a single network of servers may prove to be risky in crucial times. Moreover, to protect confidential information of business entities against any misdemeanors, strong encryption techniques must be implemented.
Based on deployment, the global Infrastructure as a Service Market can be segmented into public, private and hybrid cloud services. Growing popularity of public cloud services from small and medium businesses owing to the high operational efficiency offered by these services followed by low set-up cost is expected to propel the industry demand over the forecast timeline. For instance, IBM Blue Cloud, based on open standards and open source software enable data centers to operate as internet allowing computing across accessible and distributed resources worldwide.
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Hybrid Cloud market is anticipated to grow at a significant rate in the Infrastructure as a Service Market owing to its widescale applications and providing integrated services utilizing both private and public cloud computing services in the same organization. Having access to hybrid cloud, enterprises will have the capability to perform fast data exchange, with increased security features. Moreover, the technology can perform quick data processing securely, sharing of huge amount of data over the cloud network which will augment the Infrastructure as a Service Market growth. Moreover, it also helps organizations in lowering the overhead costs. Architectural flexibility of hybrid cloud technology helps enterprises in organizing the workload in an efficient manner. Moreover, quick recovery of data is one of the attractive features contributing to the growing industry size.
Based on services, the Infrastructure as a Service Market can be segmented into Disaster recovery as a Service(DraaS), Communication as a Service(CaaS), Database as a Service(DbaaS). DraaS is anticipated to witness high growth owing to its capability to replicate virtual servers by a third party to recover data in an event of natural data failure and any security breach.
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Infrastructure as a Service industry is very competitive owing to the presence of many industry participants. Industry players include Amazon, IBM, Google, CSC Corp., Microsoft and Rackspace. Amazon Elastic Compute Cloud (EC2) finds its use in accessing servers, software’s, storage devices. Moreover, elastic load balancing is one of the attractive features owing to distributing traffic in multiple instances. Other notable players in the IaaS market are.