Three Reasons Why Infrastructure-as-a-Service is Taking Off

Infrastructure-as-a-Service (IaaS) is one of the fastest growing service models of cloud computing because it is an easy-to-handle, pay-as-you-grow business plan that focuses on the OpEx model and maximizes the ROI. It is very flexible and scalable and can suit the operational strategies of the organization.

In IaaS, an organization outsources the equipment used to support operations, storage, hardware, servers, and networking components. The service providers own the equipment and also take care of maintenance. Clients use the services on a pay-per-use basis. Provision processing, storage, networks, and other fundamental computing resources are provided where consumers are allowed to run discrete software. The consumer has control over the operating systems, applications, and networking components.

The convenience and affordability of IaaS solutions is a huge reason why TechNavio analysts are expecting the Global IaaS Market to grow at a CAGR of 42.91 percent from 2014-2019.

Below are another three reasons for this explosive growth in the market:

Increased Adoption of IaaS by SME Sector

Many SMEs worldwide have realized the value of IaaS and are increasingly investing in and adopting the solution. The low-cost and shared services IaaS model allows SMEs to gain access to infrastructure capability. Such companies have limited access to capital and cannot afford to invest in expensive IT infrastructure and in upgrades. The IaaS model also helps to reduce IT resource requirements for low-value activities such as software maintenance, software upgrades, patching and maintenance, and licensing renewals.

Need for Cost-effective Infrastructure

An IaaS solution is a cost-effective way of owning IT infrastructure. With the increased adoption of technology, annual IT infrastructure management costs have increased for many organizations. IaaS helps businesses reduce IT infrastructure procurement cost and management. It helps to reduce the cost involved in the implementation and maintenance of IT infrastructure, including the cost of hiring IT professionals for infrastructure management.

As a result, many end-users are heavily adopting the IaaS solution to manage organizational network resources at a low cost. In addition, with the pay-per-use model of cloud computing, end-users are required to pay each time they use the infrastructure model and resources.

Rise in Demand for On-Demand Self-Service Model

IaaS provides an on-demand self-service model that allows users to access computing elements such as server time and network storage independently. This helps them become more self-sufficient without any technical knowledge. In the traditional infrastructure model, users have to go through hierarchical channels to access the resources.

By using the on-demand IaaS model, organizations can gain a competitive advantage by reducing such barriers. IaaS solutions increase innovation speed and provide a self-service infrastructure model that is highly responsive to businesses.