The (IaaS) market increased to $90.9 billion in 2021, up from $64.3 billion in 2020, according to Gartner, Inc. Furthermore the global infrastructure as a service (iaas) market is projected to reach $481.8 billion by 2030, growing at a CAGR of 25.3% from 2021 to 2030 due to the elasticity and scalability of the solution, which is ideally suited for IT-enabled services, the public cloud segment will significantly increase its share of the infrastructure as a service (IaaS) market throughout the projection period.
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