The global infrastructure-as-a-service (IaaS) market will post a compound annual growth rate (CAGR) of 43% from 2015 to 2019, according to a new report from research firm TechNavio. A growing number of small and medium-sized businesses in both developing and developed countries are expected to adopt cloud services, the report says.
The study emphasizes the increasing demand for recovery-as-a service as a major growth contributor in the wider IaaS market. These types of services provide backup and recovery of systems, with data being stored on a cloud-based platform.
“Cloud-based recovery of IT infrastructure helps ensure that the recovery platform synchronizes with enterprise systems so that there is immediate recovery from disasters in minimal time and at a low cost,” Faisal Ghaus, vice president of TechNavio, said in a statement.
In addition, “cross-cloud” activities are enabling companies to build environments that connect the cloud capabilities of various vendors in the market. The resulting solutions will help organizations create secure, efficient and scalable management of cloud resources and support infrastructural requirements, TechNavio says.
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