The latest report published by Report Ocean, titled “Infrastructure as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
Overview:
Infrastructure as a Service (IaaS) is a form of cloud computing that offers virtualized computing resources such as software’ storage’ servers’ and other infrastructure components over the internet.
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Organizations are widely implementing IaaS solutions to handle huge volume of financial data’ and critical information related to the various verticals and thereby reduce IT administration cost. Moreover’ IaaS enables to quickly scale-up resources to accommodate spikes in demand and helps organizations to focus on their core business.
Market Analysis:
The Global Infrastructure as a Service (IaaS) Market is estimated to witness a CAGR of 18.6% during the forecast period 2017-2023. The Infrastructure as a Service (IaaS) Market is analyzed by deployment model’ solutions’ verticals’ and regions. Many organizations are heavily investing in IaaS solutions to expand their market’ improve user experience’ and increase revenue. Further’ the increasing penetration of hybrid cloud’ rising demand from small and medium-sized enterprises (SMEs) and governments’ economic growth’ and scalable resources are the prime factors driving the IaaS market growth.
Segmentation Overview
The study offers in-depth analyses of the market’s major segments and sub-segments. The report examines the value of and revenue growth projections for these segments. In order to gather estimates based on variables such as the demand-supply chain, consumer attitude, brand acceptance, and socioeconomic issues, research analysts perform a SWOT analysis.
Geographical Insights
The market is assessed based on several geographic locations, taking into account performance indicators that change based on scenarios for economic growth, governmental support, and investment. When determining the market value, other variables like the ease of doing business index and other growth factors that encourage market expansion are also taken into account. In order to support its conclusions, the paper cites data and statistics from respectable government agencies.
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Regional Analysis:
The Infrastructure as a Service (IaaS) Market has been segmented and analyzed by North America’ Europe’ Asia Pacific’ Latin America’ and the Middle East and Africa. North America is the leading region followed by Europe for Disaster Recovery as a Service (DRaaS) adoption. Asia Pacific is an emerging market for IaaS. More than 60% of the companies are planning to adopt both on-premises and cloud-based models in this region. More than 40% of the IT leaders will be moving their applications to the cloud by the end of 2017. Latin America is the fourth fastest growing region across the world.
Brazil is the fastest growing country in Latin America and more than 40% of the IT spending is from Brazil. Moreover’ MEA is an emerging market for IaaS adoption due to the transition from traditional on-premises deployment to the cloud-based deployment of various solutions across myriad industries.
Vertical Analysis:
The major verticals covered in the report include IT & Telecom’ Banking’ Financial Services’ and Insurance (BFSI)’ Healthcare’ Retail’ Manufacturing’ Government’ Utility Sector’ and Others. Globally’ the leading cloud players in the market are showing increased interest toward IaaS adoption. The IT & Telecom and BFSI sectors are the leading contributors in the Infrastructure as a Service (IaaS) Market after the government and healthcare sector. The market for retail is estimated to reach $6.59 billion by 2023. Rising prominence of mobile commerce’ digital business’ and online marketing are expected to support the growth of IaaS applications in the retail segment. In the Asia Pacific region’ more than 30% of the retailers are projected to adopt cloud technologies.
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Key Players:
Oracle Corp.’ IBM Corp.’ Microsoft Corp.’ Google Inc.’ Amazon.com’ Inc.’ Cisco Systems Inc.’ VMware Inc.’ Computer Science Corp. (CSC)’ Citrix Systems’ Inc.’ ProfitBricks’ Giant Swarm’ and Unitas Altas are the major players in the market.
Competitive Analysis:
IaaS is becoming a pervasive technology in the cloud environment. There exist huge untapped business opportunities in this market. Many SMEs are entering into the market and collaborating with large players to provide various solutions and services. New start-ups are coming with new applications and services in the market and they are expecting to see double-digit growth in the next 5-6 years. In this space’ collaboration and M&A are expected to continue.
Region/Country Cover in the Report
Regions – North America’ Europe’ Asia Pacific’ Latin America’ and the Middle East and Africa.
Key Players Covered in the Report
Oracle Corp.’ IBM Corp.’ Microsoft Corp.’ Google Inc.’ Amazon.com’ Inc.’ Cisco Systems Inc.’ VMware Inc.’ Computer Science Corp. (CSC)’ Citrix Systems’ Inc.’ ProfitBricks’ Giant Swarm’ and Unitas Altas
Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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