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The infrastructure as a service market size was valued at $38.94 billion in 2019, and is projected to reach $201.83 billion by 2027, growing at a CAGR of 23.2% from 2020 to 2027. Infrastructure as a Service(IaaS) is a cloud computing service where enterprises lease servers for compute and storage in the cloud. These online services offer high-level APIs used to dereference different low-level details of underlying network infrastructure such as physical computing resources, data partitioning, scaling, location, security, and backup. With IaaS, users can run any operating system or application on the leased servers without operating & maintenance costs of these servers.

 
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