Pune, India -- (SBWIRE) -- 03/12/2019 -- Solutions (managed hosting, storage as a service, storage as a service, storage as a service, network as a service, network as a service, content delivery, high performance computing as a service) Is expected to grow at an average annual rate of +30% from US $ 16 billion in 2019 to US $ 57 billion in 2026.

Due to the cost-effectiveness of cloud-based services and the volume of data generated by day-to-day business operations, adoption of Storage as a Service (SaaS) and DRaaS and backup services is increasing within organizations. These services enable businesses to securely store their data while maintaining business continuity. This reliance is driving the adoption of IaaS globally.

The Asia Pacific region is expected to record the highest CAGR in the near future. Industry participants recognized the importance of tightening their entire cloud infrastructure to ensure easy access to virtual computing from low-cost networking, servers, virtual data centers, storage solutions and all devices and locations. The Asia Pacific region with countries such as China, Singapore, Japan and Australia is a new area for vendors in the IaaS market. In addition, LAMEA is leading the market with increased mobility demand for businesses.

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Significant conversion to the main distribution model, Hybrid Cloud
Some of the major players for cloud infrastructure as a service market include Amazon Web Services, Bluelock, CA Technologies, Cloud Scaling, Datapipe Inc., Rackspace, Hewlett Packard, Logicworks, GoGrid, Layeredtech, Verizon, Savvis, OpSource and NaviSite among others. Amazon Web Services is the market leader in this market followed by Rackspace and Verizon.

The lower cost of switching between private and public cloud infrastructures is expected to increase demand for hybrid cloud models for multiple user types and increase the growth of the IaaS market within the next few years. Lack of infrastructure in less developed countries Countries in Asia Pacific, Latin America, the Middle East and Africa are still transforming into technologically advanced hubs that are rich in IT infrastructure and digital content, which is expected to hamper growth in the IaaS market.

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Outsource operational support equipment, including storage, networking components and servers. The service provider owns the equipment and is responsible for running, maintaining and managing it. Cloud-based IT models are driving adoption of cloud computing as businesses shift to cloud-based IT models to reduce capital expenditures. The characteristics and various components of IaaS are:

Billing model and utility computing services
Computerized management

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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
Finally, researchers throw light on manufacturers responsible for increasing the sales in the global Infrastructure as a Service market. These manufacturers have been inspected in terms of the manufacturing base, contact details, and competitors. The report describes the definitions, specification, and classification of the global Infrastructure as a Service market.