The IAAS market is expanding rapidly as digital conversion accelerates. The opportunity lies in hybrid cloud deployments, scalable storage solutions, and services for small and medium-sized businesses looking for cost-effectiveness.
Infrastructure As-a-Service (IAAS) Market
Dublin, August 21, 2025 (Globe Newswire) – “Infrastructure-as-a-Service (IAAS) Market – Global Market Overview” has been added to the Providence of Researchandmarkets.com.
The Global Infrastructure Asiasias (IAAS) market is poised for significant growth as it embraces digital transformation. With a valuation projected at US$98 billion in 2024, the market is expected to surge to US$35.42 billion by 2030, marking a robust CAGR of 23.9%. IAAS appeals to a variety of business sizes to provide economic efficiency and rapid service deployment with its scalable on-demand infrastructure model.
Key drivers include the shift towards hybrid work environments and the rise in data-centric applications such as AI/ML and IoT. Industry such as BFSI, healthcare and retail use IAA to modernize systems and improve operational continuity. The hybrid cloud model, which balances performance and cost, is becoming dominant, especially with public cloud services booming, especially among small and medium-sized businesses pursuing affordability.
Regionally, North America leads with a market share of 36.8% in 2024 thanks to mature IT systems and cloud-first strategy. Meanwhile, the Asia-Pacific region is projected to experience the fastest growth driven by digitalization, supportive cloud policies and increased demand for small and medium-sized businesses. As cloud-native applications become an industry standard, IAAS remains important to develop flexible and resilient IT ecosystems.
Regional Market Insights
North America controls the IAAS market, supported by advanced data center networks and leading cloud providers such as AWS and Azure. The BFSI, healthcare and IT sectors have significant investments in scalable cloud solutions. Conversely, the Asia-Pacific region is set at the fastest growth rate at a CAGR of 28.7% from 2024 to 2030, supported by digital transformation initiatives in countries such as China and India.
IAAS Market by Component Type
Component calculations, which account for 40.9% in 2024, lead the market with a key role in supporting data-heavy applications. Meanwhile, cloud storage demand is rising sharply, with a CAGR of 28% forecast from 2024-2030, driven by an increase in data from IoT and digital conversion efforts. Disaster recovery needs are also amplifying the demand for robust cloud storage solutions.
Development trends
In 2024, hybrid cloud deployments led by a 48.6% share. The ability to integrate private and public clouds allows organizations to optimize workloads based on specific requirements. Public Cloud is poised to grow fastest at a CAGR of 26.8% until 2030, offering unparalleled scalability and cost-effectiveness for a variety of business needs.
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