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Global IaaS Market Rises as Enterprises Opt for Hybrid and Multi-Cloud Deployment Models - Changes in the way businesses manage their infrastructure are driving growth opportunities, finds Frost & Sullivan - Frost.com
Global IaaS Market Rises as Enterprises Opt for Hybrid and Multi-Cloud Deployment Models

 

PRZOOM - /newswire/ - Santa Clara, CA, United States, 2019/05/13 - Changes in the way businesses manage their infrastructure are driving growth opportunities, finds Frost & Sullivan - Frost.com.

   
 
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The strong market demand for cloud Infrastructure-as-a-Service (IaaS) is expected to drive the $45.6 billion market toward $150.7 billion by 2023, at a compound annual growth rate of 27%. Enterprises are using the cloud for strategic benefits such as supporting digital transformation rather than for tactical ones, such as reducing IT infrastructure costs and hardware/software maintenance burden. This has changed the way enterprises choose and manage their infrastructure, and led them to deploy applications across multiple infrastructures, from on-premises to cloud (multi- and single-tenant), resulting in higher demand for IaaS.

“As the mix of deployment models and best-of-breed cloud IaaS vendors becomes increasingly diverse, single-tenant IaaS will gain revenue share over multi-tenant services,” said Maiara Munhoz, Cloud Computing Senior Industry Analyst. “Meanwhile, the emergence of cloud brokerage and cloud management platforms is boosting the trend of hybrid and multi-cloud, making managed cloud services providers key in supporting enterprises. Managed service providers (MSPs) will support companies with workload assessment and placement, workload migration, and hybrid cloud integration.”

Frost & Sullivan’s recent analysis, Global Cloud Infrastructure as a Service Market Outlook, Forecast to 2023, analyzes the current global IaaS market and forecasts revenue growth from 2019 to 2023. The analysis is segmented by multi-tenant and single-tenant cloud services, geographic regions (North America, Europe and the Middle East, Asia-Pacific, and Latin America) and by global market share.

“The competitive landscape of the global cloud IaaS market is concentrated between the top two providers, AWS and Microsoft, which now control 74% of the global market share,” noted Munhoz. “North America continues to be the strongest IaaS market globally, followed by EMEA, but they are expected to gradually make room for APAC and LATAM. Some countries in APAC, like Japan and Australia, are more mature, while India, China, Singapore, South Korea, and Hong Kong are fast-growing markets.”

Going forward, it will be essential for cloud IaaS vendors to invest in integrated services, on-premises and in the cloud. For further growth opportunities, vendors need to:

Offer more advanced services in the cloud such as containers and serverless architecture and tools for enterprises to manage, analyze, and act on their data.
Support hybrid deployment models, as enterprises realize that a single cloud or deployment model will not address all their application requirements.
Partner with MSPs and deliver training, programs and features to support them.
Invest in educating clients on the technology, as enterprises still need guidance on how to use the cloud to meet goals for innovation and digital transformation.

Global Cloud Infrastructure as a Service Market Outlook, Forecast to 2023 is part of Frost & Sullivan’s global Information Technology Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Cloud Infrastructure as a Service Market Outlook, Forecast to 2023 / 99E4-64

 
 
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