Infrastructure as a Service industry analysis research and trends report for 2017-2024: Global Market Insights Inc.
Infrastructure as a Service industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. IAAS Market size is anticipated to witness growth over the forecast timeline, owing to the high demand for safety and storage of business data across BFSI, IT and Telecom sectors. Integration of technologically advanced solutions coupled with growing demand in enterprises may significantly propel growth of the IaaS market. Growing need for high speed interaction between various networks, fast access to data, running real time queries may cater to the growth of IaaS market. Moreover, the growing volume of business and financial data is creating the demand for wide adoption of IaaS by organizations.
High price of the software and the network complexity concerns needs to be addressed. Moreover, lack of awareness about the technology may curb the IaaS market growth. Factors such as dependency on a single network of servers may prove to be risky in crucial times. Moreover, to protect confidential information of business entities against any misdemeanors, strong encryption techniques must be implemented. Stringent regulatory compliances might hinder the IaaS market growth. For instance, the EU Data protection act seeks to keep personal information with the European union. Furthermore, multi tenancy and de-provisioning might pose challenges such as violation of protocol, compromising data with other business entities along with growing complexity in the password authentication methods. Based on deployment, the global IaaS market can be segmented into public, private and hybrid cloud services. Growing popularity of public cloud services from small and medium businesses owing to the high operational efficiency offered by these services followed by low set-up cost is expected to propel the industry demand over the forecast timeline. For instance, IBM Blue Cloud, based on open standards and open source software enable data centers to operate as internet allowing computing across accessible and distributed resources worldwide. Private cloud services are developed by enterprises for their internal use for the purpose of storage and regulation of sensitive data. In addition, private cloud services have a high growth rate owing to its flexibility and scalability and resource sharing 1|Page