IaaS Market Set for Remarkable Growth, Especially in BFSI Sector

The Infrastructure-as-a-Service (IaaS) market is projected to reach a valuation of $411.9 billion by 2030, with a robust compounded annual growth rate of 22.6% during the years spanning 2023 to 2030. The report highlights the surge in IaaS adoption across varied sectors, with an emphasis on innovation and security. The compute and storage segments are at the forefront of market expansion, with the latter expected to witness the highest growth rate across the forecast horizon. Enterprises, particularly small and medium-sized businesses, are showing marked interest in IaaS, leveraging benefits such as cost efficiency, fortified security measures, and efficient computing processes to reinvent their operational architectures.