An Exhaustive Study on Global Cloud Infrastructure as a Service (IaaS) Market
The Cloud Infrastructure as a Service (IaaS) market was valued at US$75.517 billion in 2017 and is projected to expand at a CAGR of 9.70% over the forecast period to reach US$131.620 billion by 2023. Cloud infrastructure as a Service (IaaS) is a form of cloud computing that provides virtualized computing resources over the internet. It is gaining traction owing to the rising adoption of IaaS among enterprises of various sizes as it provides an easy, faster and cost-efficient solution to operating a workload without any need to buy, manage and support the underlying infrastructure. It is an effective model as it allows IaaS customers to pay on a per-user basis, typically by the hour, week or month. The pay-as-you-go model eliminates the capital expense of deploying in-house hardware and software, thus driving the demand for IaaS. Rising Adoption of Cloud solution by SME Small and Medium scale enterprises (SME) are increasingly adopting c