Infrastructure-as-a-Service (IaaS) Market to Surpass US$354 Billion by 2030, Driven by Hybrid Cloud and Digital Transformation

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TechMarket Experts, a unit of Industry Experts, Inc., has published its latest global technology market research report, "Infrastructure-as-a-Service (IaaS) - A Global Market Overview," projecting that the global IaaS market will surge from US$98 billion in 2024 to US$354.2 billion by 2030, expanding at a CAGR of 23.9% over the analysis period. According to this new report, the rising adoption of digital infrastructure across industries, coupled with the scalability and flexibility offered by pay-per-use cloud models, continues to accelerate IaaS growth worldwide.

IaaS is gaining ground across businesses of all sizes as organizations shift from legacy systems to agile, cloud-native architectures. Demand is being driven by hybrid work environments, the proliferation of data-heavy applications like AI and big data analytics, and increased focus on business continuity through scalable infrastructure. Leading sectors such as healthcare, finance, education, and government are actively leveraging IaaS for IT modernization. North America holds the largest market share at 36.8% in 2024, backed by strong cloud ecosystems and innovation from global providers including AWS, Azure, and Google Cloud. Asia-Pacific is forecast to grow at the fastest pace through 2030, registering a CAGR of 28.7%, fueled by rapid digitization across China, India, and Southeast Asia and continued investments in public cloud infrastructure.

Infrastructure-as-a-Service (IaaS) Market

The BFSI sector forms the largest end-use segment, with a projected 19.2% share in 2024, as institutions seek secure, scalable platforms for data processing, digital payments, and regulatory compliance. However, the healthcare sector is expected to grow the fastest, with a CAGR of 30.1% between 2024 and 2030, driven by telehealth, AI diagnostics, and secure cloud-based EHR systems. By component, compute services dominate the IaaS landscape, representing 40.9% of the 2024 market due to their critical role in powering applications, workloads, and digital transformation initiatives. Hybrid cloud is the leading deployment model, estimated to hold 48.6% of the global market, as organizations balance security and flexibility by integrating on-premise and public cloud resources.

The report segments the Infrastructure-as-a-Service market by component type (compute, storage, network, other components), deployment model (hybrid, public, private), company type (large enterprises and SMEs), and industry sector. Regional analysis covers five global regions with detailed coverage of 29 individual countries. The study profiles over 25 major providers including AWS, Microsoft, Google, Alibaba Cloud, Oracle, IBM, Dell Technologies, VMware, and DigitalOcean, highlighting developments in edge computing, containerization, and hybrid multi-cloud strategies.

For sample pages or purchase options, contact +1-320-497-3787 or visit Infrastructure-as-a-Service (IaaS) Market Report Page

About TechMarket Experts
TechMarket Experts, a unit of Industry Experts, Inc., is your trusted source for independent and unbiased market research reports focused exclusively on the Information Technology (IT) and IT-enabled services industries. We provide forward-looking insights and strategic data to empower corporate decision-makers, analysts, and innovators navigating the dynamic global tech landscape. For more information, visit https://techmarketexperts.com or contact us at +1-320-497-3787.

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