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Infrastructure as a Service to Leverage Enterprises in Delivering IT Capabilities for Business Expansion

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International-Industry -News
Infrastructure as a Service to Leverage Enterprises in Delivering IT Capabilities for Business Expansion

Infrastructure as a Service Market

Flexibility, scalability, reliability are the three critical terms that come up in almost every discussion of cloud computing in business. But what does it mean within the perspective of Infrastructure as a Service (IaaS) offerings, as well as how can the benefits help enterprises meet specific business goals?

Essentially, the cloud consents IT to get engage in low-risk development. IaaS can be regarded as “rented hardware” that businesses can access instantaneously by providing the computing, storage, and networking functions for existing services or new projects.

Infrastructure as a service (IaaS)—A Brief Note

Infrastructure as a service (IaaS) is generally a form of cloud computing that is based on automation and orchestration technologies towards the on-demand provision and manage virtualized infrastructure resources such as storage, server, and network over an extensive area network (WAN) to the consumer. The consumer does not achieve or control the underlying cloud infrastructure but also has control over its resources where the consumer is able to use and run IaaS software, which can include operating systems and applications.

Similarly, in the IaaS model, third-party service providers generally host hardware equipment, operating systems, and other software, storage systems, servers, and various other IT components for customers in an extremely automated delivery model. While, in some cases, IaaS providers also handle tasks such as ongoing systems maintenance, data backup, and business continuity. All these things are making the infrastructure as a service more durable, trusted, functional, and beneficial for the businesses dealing with cloud computing.

Segmental Analysis

The global IT infrastructure services market has been segmented on the basis type, service type, organization size, vertical and region

Based on the type, the IT infrastructure services market has been segmented into network management service, enterprise system management, IT security management, virtualization solutions, data center consolidation services, and others. The network management service segment accounted for the largest share in 2018. However, the IT management security service segment is expected to register the highest CAGR. The network management services include vulnerability assessment, traffic, and bandwidth management, among others. Enterprises of all sizes are looking for efficient network management services, thereby increasing the demand for such services. The IT security services segment is expected to grow at highest CAGR due to amendments in security regulation (e.g. GDPR and the upcoming CCPA) is expected to be the key reason driving the demand for IT security services.

Based on service type, the market has been segmented into consulting, planning integration & implementation, maintenance and managed services. The planning integration and implementation services segment held the highest share in 2018. It is driven by growing demand for such services from enterprises of all sizes. Managed services are expected to have fastest CAGR during the forecast period. Enterprises across manufacturing, healthcare, automotive are shifting towards managed services, thereby driving the demand for such services.

Based on organization size, the IT Infrastructure Services market has been divided into small- & medium-sized enterprises and large enterprises. Large enterprises, specifically in industry verticals like healthcare and manufacturing are significantly switching to various IT infrastructure services to manage their IT requirements.

Based on vertical, the IT infrastructure services market has been segmented into automotive, chemicals, retail & consumer goods, it & telecommunication, healthcare, government, BFSI, manufacturing, and others. The healthcare vertical is expected to register the highest CAGR during the forecast period (2019–2025).

Competitive Analysis

The prominent players operating in the IT infrastructure services market are Clover Infotech Private Limited, YASH Technologies, PC Solutions, IBM, Fingent Corporation, Tata Communications, Netmagic Solutions, Rave Technologies Pvt. Ltd., Fujitsu, Amnet Technology Pte Ltd, Synoptek, LLC, Vaysinfotech, Cognizant, Neusoft Corporation, and telent Technology Services Limited.

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