Market Revenue Infrastructure as a Service Market Size Structure | Page 2

CSPs. Organizations have shown increased adoption because of growing volume of sensitive data
which includes several financial transactions, customer details, order requests, invoices to mention a
few. In order to manage these huge volume of data organizations have shown increased dependency
on next generation technologies such as infrastructure as a service.
By usage of IaaS critical information can be transferred in a matter of seconds across various industry
verticals through bring your own devices (BYOD) methods. This improved technology helps the
business to focus more on their core operations. Technological advancements have mobility and
BYOD usage to increase other than digitalization in numerous sectors. In the forecasted period of
2015 to 2022 it is expected that increased penetration of hybrid cloud technology will drive the
infrastructure as service market. This is because once the implementation of hybrid cloud application
is phased out; the company can avoid storing the huge volume of data at one place. The storage
system is distributed across the framework.
This helps to protect the company from any form of data loss, breach of privacy and effective disaster
management. It also reduces any form of threats such as cyber-attacks or any adverse situation in
comparison to public cloud usage. Deploying private cloud is the safest form of data privacy though
it very expensive. So application of hybrid cloud implementation is advantageous to the organizations
because it comes with low operational costs and strong security measures, data integrity, data
confidentiality, business continuity, planning. Adoption of hybrid cloud platform will help reduce
organization expenses of storing data based on either on premises or any sort of other deployment
modes. Other benefits accounted are faster recovery of data along with protection of physical and
virtual operating systems and applications.
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IT and telecom sector is expected to project robust growth in the infrastructure as a service market
because these two sectors generates huge volume of data every day. 360-degree customer oriented
sectors such as BFSI have shown the highest usage of infrastructure as a service platform to store
financial and business data with tight security. So high usage of different managed services such as
hosting, StaaS, DRaaS help business with flexible strorage capacities and cost effective operations.
However, several restraining factors have also been identified for this market, which includes high
initial investment costs, privacy and data protection concerns and other operational challenges.