Europe Infrastructure-as-a-Service (IaaS) Market Size To Worth USD 105.12 Billion By 2033 | CAGR of 12.53%
Category: Information & TechnologyEurope Infrastructure-as-a-Service (IaaS) Market Size To Worth USD 105.12 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Europe Infrastructure-as-a-Service (IaaS) Market Size is to Grow from USD 32.29 Billion in 2023 to USD 105.12 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 12.53% during the projected period.
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Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Europe Infrastructure-as-a-Service (IaaS) Market Size, Share, and COVID-19 Impact Analysis, By Solution (Managed Hosting, Disaster Recovery as a Service (DRaaS), Communication as a Service (CaaS), Database as a Service (DBaaS), Storage as a Service (SaaS), Colocation, Network Management, Content Delivery, and Others), By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Small & Medium Enterprises (SMEs), Large Enterprises), By End-Use Industry (IT & Telecom, Banking, Financial Services, and Insurance (BFSI), Healthcare, Retail and E-commerce, Government & Defense, Energy & Utilities, Manufacturing, and Others), and Europe Infrastructure-as-a-Service (IaaS) Market Insights Forecasts 2023 - 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/europe-infrastructure-as-a-service-iaas-market
Infrastructure as a service, also known as IaaS, refers to cloud computing that delivers a virtualized computing resource over the Internet. IaaS is one of the most fundamental approaches to cloud computing services compared to the two other major types: software as a service (SaaS) and platform as a service (PaaS). In the IaaS model, the cloud provider manages IT infrastructures like storage, servers, and networking resources delivered to subscriber businesses via virtual computers accessible over the Internet. IaaS may also offer several advantages to organizations, including having workloads become faster, easier, more flexible, and cost-efficient. Furthermore, the European infrastructure-as-a-service market is set to continue its sustained growth due to the high demand for cost-effective solutions and enhanced awareness about the commercial value of infrastructure-as-a-service among prominent players in the industry. Increasing awareness regarding the diverse types of cloud computing services is also driving the Europe infrastructure-as-a-service market. However, most of the sectors from BFSI, government, healthcare, and retail have regarded security concerns, which makes them worry about keeping information about their stakeholders secret and private.
The disaster recovery as a service (DRaaS) segment is anticipated to grow at the fastest pace in the Europe infrastructure-as-a-service (IaaS) market during the projected timeframe.
Based on the solution, the European infrastructure-as-a-service (IaaS) market is divided into managed hosting, disaster recovery as a service (DRaaS), communication as a service (CaaS), database as a service (DBaaS), storage as a service (SaaS), colocation, network management, content delivery, and others. Among these, the disaster recovery-as-a-service (DRaaS) segment is anticipated to grow at the fastest pace in the Europe infrastructure-as-a-service (IaaS) market during the projected timeframe. This is attributed to the Europe, disasters resulting in the loss of about 50 million lives besides causing annual economic damages of about USD 12.87 Billion. Cloud-based disaster recovery as a service is designed to ensure business continuity in cases of disaster or data loss.
The public cloud segment is predicted to grow at the highest pace in the infrastructure-as-a-service (IaaS) market during the estimated period.
Based on the deployment type, the European infrastructure-as-a-service (IaaS) market is divided into public cloud, private cloud, and hybrid cloud. Among these, the public cloud segment is predicted to grow at the highest pace in the infrastructure-as-a-service (IaaS) market during the estimated period. This is attributed to the small and medium-sized enterprises increasingly prefer public cloud services due to operational efficiency and low setup costs; thus, the demand for the industry is expected in the upcoming years.
The large enterprises segment is anticipated to hold the greatest share of the Europe infrastructure-as-a-service (IaaS) market during the projected timeframe.
Based on the organization size, the Europe infrastructure-as-a-service (IaaS) market is divided into small & medium enterprises (SMEs) and large enterprises. Among these, the large enterprises segment is anticipated to hold the greatest share of the Europe infrastructure-as-a-service (IaaS) market during the projected timeframe. This is attributed to the needs and issues of large enterprises make them have specific demands for cloud services. There are various advantages cloud computing can offer big organizations, including IaaS, PaaS, and SaaS. It provides the ability to scale dynamic resources in support of their massive loads.
The IT & telecom segment is predicted to grow at the highest pace in the infrastructure-as-a-service (IaaS) market during the estimated period.
Based on the end-use industry, the European infrastructure-as-a-service (IaaS) market is divided into IT & telecom, banking, financial services, and insurance (BFSI), healthcare, retail and e-commerce, government & defense, energy & utilities, manufacturing, and others. Among these, the IT & telecom segment is predicted to grow at the highest pace in the infrastructure-as-a-service (IaaS) market during the estimated period. This is attributed to IT & telecom organizations; IaaS is gradually gaining in adoption pace with the less hectic manpower and maintenance of physical infrastructural costs. Big data and the expanded usage of mobile broadband have accelerated the growth of IaaS in the IT & telecom sectors.
Major vendors in the Europe infrastructure-as-a-service (IaaS) Market include Amazon Web Services Inc., Google Inc., Microsoft Corporation, Oracle, IBM Corporation, Rackspace Hosting Inc., EMC Corporation, VMWare Inc., RedHat Inc., RedCentric PLC, and Others.
Recent Developments
- In November 2023, Leaseweb Global, a Dutch cloud services and Infrastructure as a Service provider, released its newest UK-based program for its channel partners, which targets managed service providers (MSPs). The program assures MSPs of a long-term sales partnership that allows them to give their customers strategic advice and high-end cloud services.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe infrastructure-as-a-service (IaaS) Market based on the below-mentioned segments:
Europe Infrastructure-as-a-Service (IaaS) Market, By Solution
- Managed Hosting
- Disaster Recovery as a Service (DRaaS)
- Communication as a Service (CaaS)
- Database as a Service (DBaaS)
- Storage as a Service (SaaS)
- Colocation
- Network Management
- Content Delivery
- Others
Europe Infrastructure-as-a-Service (IaaS) Market, By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
Europe Infrastructure-as-a-Service (IaaS) Market, By Organization Size
- Small & Medium Enterprises (SMEs)
- Large Enterprises
Europe Infrastructure-as-a-Service (IaaS) Market, By End-Use Industry
- IT & Telecom
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Retail and E-commerce
- Government & Defense
- Energy & Utilities
- Manufacturing
- Others
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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