According to a new report, published by KBV research, The Global Infrastructure-as-a-Service (IaaS) Market size is expected to reach $564.5 billion by 2031, rising at a market growth of 21.0% CAGR during the forecast period.
The Large Enterprises segment is generating the maximum revenue in the Global Infrastructure-as-a-Service (IaaS) Market by Enterprise Size in 2023; thereby, achieving a market value of $342.2 billion by 2031. Large organizations often have diverse and high-demand workloads, including large-scale data processing, enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and business intelligence tools. IaaS offers these enterprises the ability to access on-demand computing, storage, and networking resources, allowing them to quickly scale up or down based on business needs without investing in physical hardware.
The Networking segment is experiencing a CAGR of 20.4% during (2024 - 2031). As businesses adopt IaaS solutions, they need reliable and secure networking capabilities to connect their cloud resources, ensure seamless data transmission, and support remote work. This includes virtual networks, load balancing, VPN services, and content delivery networks (CDNs) that enable businesses to ensure fast and secure access to their applications, regardless of user location.
The Public Cloud segment is leading the Global Infrastructure-as-a-Service (IaaS) Market by Deployment in 2023; thereby, achieving a market value of $302.1 billion by 2031. Public clouds allow businesses to avoid large upfront infrastructure costs by offering a pay-as-you-go model, where organizations only pay for the resources they use. This flexibility is particularly appealing to small and medium-sized businesses (SMBs) and startups, which may not have the capital to invest in private cloud infrastructure. The increasing demand for remote work capabilities, e-commerce platforms, and scalable computing resources in various industries further fuels the adoption of public cloud services.
The IT & Telecom segment exhibits a CAGR of 19.7% during (2024 - 2031). Telecom companies and IT service providers require large-scale, flexible, and reliable cloud infrastructure to support a wide range of services such as data storage, virtualized networking, and high-performance computing. With the growing demand for advanced technologies like 5G, edge computing, and the Internet of Things (IoT), telecom and IT companies rely on IaaS to deliver fast, scalable, and cost-effective solutions to their customers.
Full Report: https://www.kbvresearch.com/infrastructure-as-a-service-market/
The North America region dominated the Global Infrastructure-as-a-Service (IaaS) Market by Region in 2023; thereby, achieving a market value of $190.6 billion by 2031. The Europe region is expected to witness a CAGR of 20.6% during (2024 - 2031). Additionally, The Asia Pacific region would capture a CAGR of 21.6% during (2024 - 2031).
By Enterprise Size
By Component
By Deployment
By Industry Vertical
By Geography
Unique Offerings 
