At the Core
27 February 15

Reaching New Heights: Global Market for IaaS Shows Massive Growth Potential

In recent years, business leaders around the world have come to realize that "the cloud" is much more than a buzzword – it's an entirely new lease on life. Companies can use cloud backup solutions to revolutionize the way they run their operations. They've discovered that putting data in the cloud can make it more manageable, accessible and usable in workers' daily routines.

"When it comes to the state of your business' cloud data, you can never be too cautious."

There are many subcategories within cloud computing that have steadily gained in popularity, and foremost among them is Infrastructure as a Service (IaaS). In short, IaaS entails replacing the hardware needed to run a business with an entirely virtualized environment – instead of managing a bulky array of physical assets including server space, network connections, bandwidth and IP addresses, companies can simply turn to the cloud for all of the above.

Corporate leaders are beginning to realize that IaaS can help them run their businesses more reliably and cost-effectively. On a global scale, the effects are showing – IaaS is taking the world by storm, and the market for such solutions is rapidly growing.

Discovering the many benefits
The rise of the IaaS industry is the direct result of increased awareness about the solution's many benefits. According to StateTech Magazine, businesses are especially keen on the new levels of scalability and flexibility available with IaaS.

Companies that adopt IaaS solutions have the freedom to purchase as much or as little support as they need, depending on the size and scope of their operations. This helps them ensure that all of their needs are covered and not a single dollar in the tech budget ends up wasted.

Other key benefits of IaaS include low cost, ease of business growth and support for such needs as disaster recovery. For all of the above reasons, the market is growing quickly.

Staggering annual market growth
Just how much is it growing? We now have hard statistical evidence of the rapid rise of IaaS. Recent survey data revealed by ReportsnReports.com shows that between 2015 and 2019, exponential change in the market's size is expected. The global market for IaaS, according to the news source, will post a compound annual growth rate of 42.91 percent during that four-year window. By 2019, the sector will be worth a total of approximately $34 billion.

ReportsnReports also elaborated that disaster preparedness is one of the key drivers behind the growth of IaaS. Many companies in 2015 are looking for solution-based tools for disaster recovery using remote machines, and they're showing a clear willingness to invest in these tools.

You never know when disaster might be coming.You never know when disaster might be coming.

Exploring disaster recovery as a service
When it comes to the state of your business' cloud data, you can never be too cautious. You might think operations are going strong today, but a major catastrophe like a hurricane or earthquake might be right around the corner, threatening to harm your most vital files.

That's the primary reason that businesses everywhere are investing in IaaS-based solutions for disaster recovery. Data security is an absolute must in our modern era, and the whole world is taking notice.

One example of a business that's already capitalized on this trend is Cable and Wireless Communications (CWC), a leader of full-service telecommunications solutions in Latin America. CWC recently announced it would continue its partnership with Virtacore to receive infrastructural and cloud-related services through Virtacore's IaaS offerings – meanwhile, many more businesses around the world have the opportunity to do the same.

YOUR Cloud. OUR Infrastructure.