Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Infrastructure as Code (IaC) Market size is expected to reach $2.8 billion by 2028, rising at a market growth of 21.9% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 24.3% during (2022 - 2028). The rising growth of the segment is majorly attributed to the inclining number of key market players focusing on the enhancement of their services in order to maximize customer satisfaction. IaC services refer to the delivery and management of infrastructure using code as opposed to manual procedures.
The Declarative segment acquired maximum revenue share in the Global Infrastructure as Code (IaC) Market by Type in 2021 thereby, achieving a market value of $1.8 billion by 2028. The rapid surge in the growth of this segment is a result of the low learning curve of this type. Declarative tools are likely the most common format for IaC automation and have been growing in popularity for a while.
The Immutable segment has shown the growth rate of 23.5% during (2022 - 2028). Infrastructure as code is advanced logically by immutable infrastructure, which effectively hardens it to further ensure the advantages it provides. It stops configuration drift that makes it even simpler to keep the test and installation of environments consistent. Additionally, it makes it simpler to maintain, track, and securely roll back to any version of the infrastructure as needed.
The On-premise segment is generating maximum revenue share in the Global Infrastructure as Code (IaC) Market by Deployment Mode in 2021 thereby, achieving a market value of $1.8 billion by 2028. The growth of the segment is fueled by the factor that the on-premise deployment of IaC is secure in contrast to other deployment modes. Tools are integrated directly into a dedicated server in on-premise mode, owing to which, the demand for this type of deployment mode is increasing.
The Small & Medium Enterprises (SMEs) segment is exhibiting a CAGR of 23.9% during (2022 - 2028). The spike in the growth of the segment is due to the increasing demand and efforts of small and medium organizations to accelerate their growth. Due to this, the amount of data they generate is rising at a very rapid rate. Therefore, this factor is bolstering the growth of this segment of the market.
The BFSI segment is leading the Global Infrastructure as Code (IaC) Market by Vertical in 2021, thereby, achieving a market value of $720.5 million by 2028. The rapid increase in the growth of the segment is owing to the rising disposable income of people all over the world. Due to this, the workload on banks and other financial services vending institutions is surging at a very rapid pace. In order to address this issue, the adoption of this automated approach is increasing.
The North America market dominated the Global Infrastructure as Code (IaC) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.0 billion by 2028. The Europe market is exhibiting a CAGR of 21.2% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 23% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc., Oracle Corporation, Google LLC, Dell Technologies, Inc., Hewlett Packard Enterprise Company, Broadcom, Inc., ServiceNow, Inc., and Alibaba Group Holding Limited.
By Infrastructure Type
By Deployment Mode
By Organization Size
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