The North America Infrastructure-as-a-Service (IaaS) Market would witness market growth of 20.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $136,831 million by 2031. The Canada market is experiencing a CAGR of 22.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.9% during (2024 - 2031).
Infrastructure as a Service, or IaaS, is a cloud computing model and is one of the three primary categories of cloud services, alongside Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). In the IaaS model, cloud service providers deliver fundamental computing resources such as virtual machines (VMs), storage, networking, and computing power on a pay-as-you-go or subscription basis. Unlike traditional IT infrastructure, where businesses own and maintain physical servers and hardware, IaaS enables organizations to rent infrastructure from a cloud provider, eliminating the need for physical hardware management. The infrastructure-as-a-service (IaaS) market has undergone remarkable growth in recent years, becoming one of the most pivotal segments in the rapidly evolving world of cloud computing.
The way businesses grow and maintain their IT infrastructure has been completely transformed by the rise of cloud computing. Before cloud services, companies had to invest in substantial capital expenditures to acquire servers, storage, and networking equipment to support their operations. Maintaining these systems required ongoing costs for hardware upgrades, data center management, and in-house IT staff. However, companies may now transfer the responsibility of managing and owning physical infrastructure because of the development of IaaS. Instead, they can lease these resources from a cloud service provider, paying only for what they use. This shift from capital expenditure (CapEx) to operational expenditure (OpEx) has allowed organizations of all sizes—from startups to enterprises—to scale more efficiently, innovate faster, and focus more on core business operations rather than worrying about the technical complexities of managing hardware.
In Canada, the growth of IaaS is fuelled by government-led digital transformation initiatives and the increasing adoption of big data analytics. Programs like the Digital Charter emphasize the importance of data-driven innovation and secure cloud adoption, encouraging businesses to migrate to scalable IaaS solutions. The healthcare and education sectors are significant contributors to IaaS growth, with institutions using cloud infrastructure for research, data storage, and online services. For example, Shopify, a leading e-commerce platform headquartered in Canada, uses AWS to handle large-scale traffic and streamline its operations, reflecting the nation’s focus on cloud-driven business models. Thus, the regional market is expected to grow rapidly owing to all these factors.
Free Valuable Insights: The Infrastructure-as-a-Service (IaaS) Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Enterprise Size
By Component
By Deployment
By Industry Vertical
By Country
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