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.

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