Security News > 2022 > March > IaaS market to grow steadily by 2031

The infrastructure-as-a-service market to expand at a CAGR of 28.5% during the forecast period from 2021 to 2031, according to Transparency Market Research.

Rising practice of enterprises to rent or lease cloud servers for computing and data storage fuels the growth of the IaaS market.

Increasing adoption of hybrid cloud systems from an array of industries such as healthcare, e-commerce, and manufacturing due to limitations of data security of public and private cloud models creates ample opportunities in IaaS market.

Vast rise in the number of data centers to support the exploding volume of business data of IT and telecom companies boosts the IaaS market.

Large corporations in the IaaS market are leveraging the potential of digital transformation to expand their service networks, thus amplify their infrastructure services.

IaaS market: Growth drivers Rapid adoption of hybrid cloud systems by organizations due to limitations of data security of private and public cloud models boosts the infrastructure-as-a-service market.

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https://www.helpnetsecurity.com/2022/03/17/iaas-market-2031/