Year 2020 is drawing towards a close. This year has been a very happening one for the technology sector in particular. Leading technologies such as Cloud Computing have occupied center stage as enterprises devise new ways of doing business.
Rounding off the year 2020, a study on the global Cloud Infrastructure as a Service (IaaS) market was released by “AlltheResearch”. The company closely watches developments in the tech sector with particular focus on the Cloud industry.
Related: Outlook for the DaaS and VDI Market from Year 2020 to 2024
Outlook for the Cloud Industry
Cloud powered technologies are proving of immense value for enterprises that are proactively pursuing digital transformation. While such initiatives were already in the contemplation phase in most cases, the pandemic acted as a catalyst.
The impact of Covid-19 on Business Continuity (BC) and Disaster Recovery (DR) has been so profound that enterprises are completely revisiting their digital infrastructures. This pandemic has exposed many weak links in traditional DR practices as well.
Related: dinCloud Hosted Workspaces – A Reliable and Secure Remote Work Platform
Shift from On Premise to the Cloud
The research particularly takes note of a shifting trend whereby organizations are rapidly adopting Cloud services such as Hosted Virtual Desktops (HVD). Interestingly, this adoption is being made as a substitute for on premise data centers and support infrastructures.
Cloud based technologies have demonstrated unrivaled flexibility and versatility amidst these challenging times. In the pursuit of a technology platform that is highly scalable and suitable for remote work, the Cloud has proved a top pick by most enterprises.
Related: Cloud Roundup 2020 and Why it Was “The Year of DaaS”
IaaS Market Set to Grow at 20%
Although the research report gives a detailed overview of the cloud industry, its particular focus is on the Cloud Infrastructure as a Service (IaaS) sub-segment. The report has forecast a strong and consistent growth rate for the IaaS market over the coming years.
The report has forecast that the global IaaS market is expected to grow at a Compound Annual Growth Rate (CAGR) of over 20% from the period 2021 to 2026. Not only is the projected growth rate exceptional, it is also spread over a fairly large period.
Related: 2021 Cloud Forecast and Why Choose dinCloud’s DaaS
Top IaaS Providers
In addition to the growth projections, the report also incorporates a roundup of the world’s top IaaS providers. Being a leading provider of IaaS solutions, dinCloud also grabbed the attention of many industry observers this year.
dinCloud has a wide array of Cloud based IaaS offerings that include Cloud Hosted Virtual Desktops, Virtual Servers and Virtual Databases. One factor that was unique to dinCloud’s offerings is a transparent and flat rate subscription model for pricing.
This model has grabbed the attention of several industry observers as many enterprises are financially constrained under the present circumstances. They not only want to move away from on premise infrastructures, but also want to cut down on IT related costs.
Related: Cloud Computing to Witness Massive Adoption and Investment in 2021
DRaaS – An Emerging Trend in IaaS
The report also pointed out towards another industry trend gaining a lot of momentum, and that’s Disaster Recovery as a Service or DRaaS. This is in fact an extension of the Cloud based IaaS model. DR is yet another area where the Cloud has a lot to offer.
The projected growth for Cloud IaaS is quite substantial on its own. What makes this even more significant is the uncertain business environment in which all this strong growth is still progressing in full swing.
Contact dinCloud for secure, reliable and scalable IaaS solutions that can prove a great fit for your existing as well as future needs.