The Europe Infrastructure-as-a-Service (IaaS) Market would witness market growth of 20.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Infrastructure-as-a-Service (IaaS) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $37,870.4 million by 2031. The UK market is exhibiting a CAGR of 19.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 21.6% during (2024 - 2031).
Traditional IT infrastructure often requires hefty upfront investments in physical hardware, as well as ongoing operational expenses for maintenance and support. With IaaS, businesses only pay for the resources they consume, eliminating the need for significant capital investments. This pay-per-use model has been especially beneficial for small and medium-sized enterprises (SMEs), which previously lacked the budget to invest in large-scale IT infrastructure. By adopting IaaS, SMEs can access enterprise-grade computing resources without the financial burden of owning and maintaining physical infrastructure. Moreover, the cloud service provider handles the maintenance, updates, and security of the infrastructure, further reducing operational overhead for businesses.
Additionally, with IaaS, organizations can back up their data in the cloud, eliminating the need for costly physical infrastructure and ensuring rapid recovery in the event of system failures or disasters. For example, Amazon Web Services (AWS) offers disaster recovery tools that help businesses replicate their infrastructure across multiple regions, providing geographical redundancy. Netflix uses AWS to ensure its streaming platform remains operational even during localized disruptions. Similarly, HSBC leverages Google Cloud for backup and disaster recovery, safeguarding financial data and ensuring minimal downtime.
Italy's demand for IaaS is driven by its growing small and medium-sized enterprise (SME) sector and the country's focus on digital transformation. Programs like Piano Nazionale Impresa 4.0 (National Industry 4.0 Plan) promote the adoption of advanced technologies, including cloud computing, to enhance productivity and competitiveness among SMEs. Italian businesses are leveraging IaaS to modernize IT infrastructure, scale operations, and enable remote work solutions. The support from entities like the Italian Digital Agency (AgID) further facilitates cloud adoption, particularly in the public sector. Hence, these factors are creating a robust and dynamic market landscape for IaaS solutions in the region.
Free Valuable Insights: The Global Infrastructure-as-a-Service (IaaS) Market will Hit USD 564.5 Billion by 2031, at a CAGR of 21.0%
Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Component, the market is segmented into Computing, Networking, Storage, and Other Component. Based on Deployment, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Manufacturing, Education, and Other Industry Vertical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Enterprise Size
By Component
By Deployment
By Industry Vertical
By Country
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