Disruptive Technologies Powering the Growth of the Global Cloud Infrastructure-as-a-Service (IaaS) Industry
Competition moves up the stack as IaaS adoption accelerates
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The global infrastructure-as-a-service (IaaS) market registered strong revenue growth in 2019 (28.8%). This results from key market participants expanding their market presence, growing and intensifying partnerships, broadening client portfolio, and launching new features, products, and services. The IaaS market performance remains strong in 2020, with the top five key providers recording an average revenue growth rate of 42% in Q1 and Q2 2020 combined.
This report reviews key findings from the 2020 Global Cloud User Survey related to cloud IaaS. Conducted via web in August 2020, the survey garnered responses from 1,621 IT decision-makers responsible for purchasing IT infrastructure, software, or services for their firms. Regions include North America, Europe, Asia, and Latin America.
Frost & Sullivan has defined IaaS services in the market sizing as comprising multi-tenant and single-tenant cloud services.
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