IaaS
and PaaS Market: Current Status, In-depth Analysis and Forecast Outlook 2031

The
global IaaS and PaaS market is expected to grow at a significant CAGR during
the forecast period (2024-2031).  The infrastructure as a service (IaaS)
business is rapidly expanding and offers numerous options, which makes it a
valuable sector. The adoption of IaaS is significantly driven by the growing
demand for enterprises to decrease their IT burden and cut expenses of
establishing data centers and hiring qualified employees to operate their IT
infrastructures. The increasing demand from a growing number of small and
medium enterprises, the necessity to deploy enterprise-level computing
capabilities to compete in the market, and the expanding digitalization of
enterprises and economies are all important areas of opportunity for
IaaS. 

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In
addition, the Platform as a Service (PaaS) market is expected to grow
significantly during the forecast period (2024-2031). This is due to PaaS
systems' ability to provide faster time to market for emerging applications,
minimize development complexity, and automate application management.
Similarly, the growing requirement for communication, especially among
geographically dispersed teams, would accelerate the move of software
development operations to the PaaS environment. Platform as a Service (PaaS)
market expansion is characterized by significant growth of cloud infrastructure
and the rising popularity of cloud migration. Furthermore, SMEs' quick adoption
of IoT and other innovative technologies will contribute to the Platform as a
Service framework's appeal in the near future.

These
companies' main endeavors to strengthen their presence in the global market
include strategic product launches and mergers and acquisitions. IBM, for
example, announced the general release of IBM Cloud for Financial Services in
April 2021, which includes support for cloud-native services such as Red Hat
OpenShift. The IBM cloud, which includes over 200 API-driven, cloud-native
PaaS, was used to create this financial services-ready cloud platform.
Microsoft announced Azure Stack (hyper-converged infrastructure) HCI, a new
hybrid cloud solution, in February 2021. This software stack combines PaaS and
IaaS to provide up-to-date security, feature, and performance updates.

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Market
Coverage

• Segment Covered- 

o             By End-User 

• Competitive Landscape:
  Amazon Web Services, Inc. (AWS), Bluelock, CA Technologies, Cloud Scaling,
  Datapipe Inc., Rackspace among others.      

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
IaaS and PaaS Market - Segmentation

By
End-User 

•                
IT & Telecom

•                
BFSI

•                
Healthcare

•                
Retail and E-commerce

•                
Government & Defense

•                
Energy & Utilities

•                
Manufacturing

•                
Others  

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