Infrastructure as a Service (IaaS) Market

Infrastructure as a Service (IaaS) Market Size by Deployment Type (Public, Private and Hybrid), Service (Computing, Networking, Storage and Others), Industry (BFSI, Healthcare, Manufacturing, Retail and E-Commerce, Education, IT and Telecom and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13916
  • Published Date: Dec, 2023
  • Pages: 239
  • Category: Information Technology & Semiconductors
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global infrastructure as a service (IaaS) market was valued at USD 80 billion in 2022 and grew at a CAGR of 26% from 2023 to 2032. The market is expected to reach USD 806.85 billion by 2032. The growing need to optimize businesses will drive the growth of the global infrastructure as a service (IaaS) market.

Market Introduction:

Infrastructure as a service (IaaS) means that a third party offers cloud services to businesses. ConsumersConsumers or businesses can eliminate the need to operate an on-site data centre if they employ IaaS. Infrastructure as a Service (IaaS) is a cloud computing service that provides necessary networking, storage, and processing capabilities as and when required by the consumers. It offers multiple benefits to businesses. IaaS is incredibly flexible and scalable without extensive upfront costs or major infrastructural needs for upgrades. IaaS is affordable, thereby enhancing the accessibility of cloud computing services for small and medium businesses. It automates operations, which improves productivity and efficiency. Remote accessibility, data security, and location independence are some other benefits offered by IaaS. IaaS offers backup, recovery, storage, Development and testing.

Infrastructure as a Service (IaaS) Market Size

Get an overview of this study by requesting a free sample

Recent Development
  • To help clients create flexible cloud operations that can grow and adapt to suit their needs at every stage, Vultr, the world's largest privately held cloud computing company, announced the launch of Vultr Cloud Alliance. This alliance includes a new marketplace of plug-and-play services from top Infrastructure-as-a-Service (IaaS) providers. The foundation of this new partner ecosystem is compostability, which makes it simple for enterprises to acquire and include a wide range of services. Customers are thus empowered to choose the best solutions for their unique needs and optimize their cloud strategies, which spurs efficiency and growth.

Market Dynamics:


The growing need to optimize business processes – the increasing competition has pushed businesses to analyze their businesses and revamp their operations. The automation and digitization in sectors have enabled companies to radically transform their operations by automating mundane tasks and repetitive activities to optimize their resources and increase revenues. IaaS services have been pivotal in bringing this change, given the digital world consumers and producers live in today. IaaS has offered flexibility, scalability, cost savings, quick downtime, fast upgrades, security and reliability. Therefore, the growing need to optimize business processes to survive market competition and improve customer satisfaction and retention will increase the adoption of IaaS and contribute to its growth globally.


Increased cyber-security risks and threats since IaaS offers services relating to computing, networking, and storage on the internet, which is accessed by thousands, the risk of cyberattacks also increases. The risk of data breaches, data thefts, and other forms of hacking can bring companies to a standstill. It also has other implications like loss of money, time, customer confidence, etc. Employing third-party IaaS providers may also bring a certain degree of risk at times. Therefore, data privacy and other security concerns will hamper the market's growth.


The integration of AI and big data the technological advancements in AI, IoT and big data have opened up new opportunities for market players. Integration of these technologies with IaaS will automate tasks, improve efficiency, reduce redundancy, save costs, and offer new insights previously impossible with older computing algorithms. These will open up new business avenues and opportunities for companies and drive the market's growth during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global infrastructure as a service (IaaS) market, with a 41% market revenue share in 2022.

Key market players offering IaaS are headquartered in the region, driving innovation in the field. The region also experiences a faster adoption rate of new technology, given the availability and accessibility to resources with a well-established IT and telecom sector that facilitates faster adoption.

North America Region Infrastructure as a Service (IaaS) Market Share in 2022 - 41%

Check the geographical analysis of this market by requesting a free sample

  • The Tintri division of DDN debuted a version of its VMstore offering limited to software and currently available through a managed infrastructure service architecture. Tintri's VMstore software is now referred to as the Tintri Cloud Engine (TCE), independent of the hardware, while the Tintri Cloud Platform (TCP) includes Tintri's VMstore as part of a managed infrastructure. Clients can now access VMstore in three ways: software running in the public cloud via TCE, as managed infrastructure via TCP, or as provisioned on hardware they have already purchased from Tintri. As an AWS virtual machine (VM) with EBS storage, TCE is containerized and operates on the public cloud of AWS. Its main goal is to enable recovery from disruptions and ransomware incursions by offering public cloud storage for Tintri workload-based snapshots taken on-premises.
Deployment type Segment Analysis

The deployment type segment is divided into public, private and hybrid. The hybrid segment dominated the market, with a market share of around 42% in 2022. Applications can be operated in a hybrid cloud. This mixed computing environment combines resources from public and private clouds, on-site data centres and "edge" locations for processing, storage, and other needs. Hybrid IaaS allows companies to use public cloud services to modernize apps and roll out new features without interfering with regular business operations. Hybrid deployment Improves management and scalability. It lowers expenses and offers better support for a remote workforce. Hybrid deployment also Enhances adaptability. However, the main advantage hybrid deployment offers is Business continuity in case of disaster or breaches, given its enhanced risk management and security. 

Service Segment Analysis

The service segment is divided into computing, storage, networking and others. The computing segment dominated, with a market share of around 37% in 2022. the use of computing machinery to achieve a specific task or complete a certain activity is called computing. Computing is the investigation and testing of algorithmic procedures. It facilitates the creation of hardware and software. The world is becoming highly reliant on computing technology, and IaaS facilitates accessibility to computing for everyone across sectors.

Industry Segment Analysis

The industry segment is divided into BFSI, healthcare, manufacturing, retail and e-commerce, education, IT and telecom and others. The IT and telecom segment dominated the market, with a market share of around 27% in 2022. Storage, web and application servers, networking resources, and other infrastructure are all provided by IaaS to support web apps in the IT and telecom sectors. IaaS offers customers on-demand access to computer, network, and storage resources. It lowers expenses, encourages flexibility and scalability, and enables recovery and business continuity. It also offers increased security and effectiveness. Reliable and Telecom companies can reduce latency and facilitate real-time decision-making by processing data closer to the source by integrating edge computing with IaaS.

Some of the Key Market Players:
  • Alibaba Group Holding Limited
  • Amazon Web Services, Inc.
  • Dell EMC
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Rackspace Hosting, Inc.
  • Redcentric Plc

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 80 Billion
Market size value in 2032 USD 806.85 Billion
CAGR (2023 to 2032) 26%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analyzed at the country level.
Segments Deployment Type, Service and Industry

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global infrastructure as a service (IaaS) market was valued at USD 80 billion in 2022 to USD 806.85 billion by 2032.

Global infrastructure as a service (IaaS) market is growing at a CAGR of 26% during the forecast period 2023-2032.

The market's growth will be influenced by the growing need to optimize business processes.

Increased cyber-security risks and threats could hamper the market growth.

Request Table of Content


This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global infrastructure as a service (IaaS) market based on below mentioned segments:

Global Infrastructure as a Service (IaaS) Market by Deployment Type:

  • Public
  • Private
  • Hybrid

Global Infrastructure as a Service (IaaS) Market by Service:

  • Computing
  • Networking
  • Storage
  • Others

Global Infrastructure as a Service (IaaS) Market by Industry:

  • BFSI
  • Healthcare
  • Manufacturing
  • Retail and E-Commerce
  • Education
  • IT and Telecom
  • Others

Global Infrastructure as a Service (IaaS) Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:


Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights


Free Customization


Fortune 500 Clients


Free Yearly Update On Purchase Of Multi/Corporate License


Companies Served Till Date