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Infrastructure-as-a-Service Market to Be Worth $512.4 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., July 3, 2024 /PRNewswire/ — According to a new market research report titled, ‘Infrastructure-as-a-Service Market by Offering (Compute, Storage, Others), Deployment (Public, Private, Hybrid), Organization Size, Application (Hosting, Others), Sector (IT & Telecommunications, BFSI, Others), and Geography – Global Forecast to 2031,’ the infrastructure-as-a-service market is projected to reach $512.4 billion by 2031, at a CAGR of 23.1% from 2024–2031.

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In cloud computing, there are three main categories of services, namely, Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). Infrastructure as a service (IaaS) is a form of cloud computing that provides access to cloud infrastructure resources from cloud service providers (CSPs), including servers, virtual machines, networking resources, and storage. Organizations use the IaaS to migrate IT infrastructure to the cloud. It helps to reduce the maintenance of on-premises data centers, save money on hardware costs, and gain real-time business insights. It also helps to provision new applications and adopt advanced technologies such as AI, ML, and big data.

Enterprises are adopting the IaaS model to eliminate the complexity and costs associated with building and maintaining physical infrastructure in an on-premises data center. The CSPs are responsible for managing and maintaining the infrastructure. The IaaS model is a pay-as-you-go basis that only allows for a particular resource that the consumer uses. IaaS gives flexibility to easily increase or decrease resources, allowing consumers to pay less when needed or instantly provision and scale out resources to meet new demands.

The infrastructure-as-a-service market is segmented by offering (compute, network, storage, other offerings), deployment mode (public cloud, private cloud, hybrid cloud), organization size (large enterprises, small & medium-sized enterprises), application (testing and development, hosting, storage, backup, and recovery, high performance computing, other applications), sector (IT & telecommunications, BFSI, healthcare, retail & e-commerce, government & defense, manufacturing, transportation & logistics, other sectors). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Based on offering, the infrastructure-as-a-service market is segmented into compute, network, storage, and other offerings. In 2024, the compute segment is expected to account for the largest share of above 42% of the infrastructure-as-a-service market. The large market share of this segment is attributed to the increasing use of virtualized computing resources by SMEs due to limited IT budgets and increasing digital transformation by various sectors to transfer their workload to the cloud.

Based on deployment mode, the infrastructure-as-a-service market is segmented into public cloud, private cloud, and hybrid cloud. In 2024, the public cloud segment is expected to account for the largest share of above 50% of the infrastructure-as-a-service market. The large market share of this segment is attributed to the increasing use of the public cloud by small and medium-sized enterprises due lower cost of subscription-based or pay-per-usage pricing models in the public cloud.

Based on organization size, the infrastructure-as-a-service market is segmented into large enterprises and small & medium-sized enterprises. In 2024, the large enterprises segment is expected to account for the larger share of the infrastructure-as-a-service market. The large market share of this segment is attributed to the growing adoption of advanced technologies such as cloud computing, AI, and blockchain, and the rapid migration of IT infrastructure in the cloud.

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Based on application, the infrastructure-as-a-service market is segmented into testing and development, hosting, storage, backup and recovery, high performance computing, and other applications. In 2024, the storage, backup, and recovery segment is expected to account for the largest share of around 38% of the infrastructure-as-a-service market. The large market share of this segment is attributed to the increasing use of cloud storage applications in large enterprises due to the increasing volume of data and growing demand across SMEs to avoid the complexity of storage management, the lack of skilled professionals, and reduce cost.

Based on sector, the infrastructure-as-a-service market is segmented into IT & telecommunications, BFSI, healthcare, retail & e-commerce, government & defense, manufacturing, transportation & logistics, and other sectors. In 2024, the IT & telecommunications segment is expected to account for the largest share of around 32% of the infrastructure-as-a-service market. The large market share of this segment is attributed to the increasing adoption of advanced technologies, including cloud computing, and the increasing use of the IaaS model to reduce data centers and increase storage capacity. Telecommunications operators are migrating to cloud infrastructure to decrease operational costs and increase deployment times. For instance, Deutsche Telekom AG (Germany) is using Amazon Web Services, Inc. (U.S.) and Microsoft Corporation (U.S.) cloud infrastructure to reduce its data centers from 89 to 13 across the globe and increase computing and storage capacity by around 25%.

Based on geography, the infrastructure-as-a-service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of around 46% of the infrastructure-as-a-service market. The market growth in North America is driven by the increasing government initiatives for the implementation of cloud computing technologies, the presence of major technology companies in the region, the high acceptance & extensive adoption of cutting-edge technologies in the region, and growing cloud adoption to manage security, infrastructure, network, business continuity, mobility, and regulatory standards within the cloud infrastructure. Companies are increasingly adopting cloud infrastructure to improve business productivity and decision-making capabilities by migrating their on-premise workload to the cloud. For instance, in April 2022, Amazon Web Services, Inc. (U.S.) extended its partnership with Boeing (U.S.), the leading manufacturer of airplanes, rotorcraft, rockets, satellites, and telecommunications equipment, to migrate Boeing’s applications from on-premises data centers to AWS cloud to strengthen their engineering and manufacturing processes.

The key players operating in the infrastructure-as-a-service market are Amazon Web Services, Inc. (U.S.), Microsoft Corporation (U.S.), Alibaba Cloud (China), Google LLC (U.S.), Huawei Technologies Co., Ltd. (China), Oracle Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), SAP SE (Germany), VMware, Inc. (U.S.), Rackspace Technology, Inc. (U.S.), DigitalOcean LLC (U.S.), Hewlett Packard Enterprise Company (U.S.), Tencent Cloud (China), Linode LLC (U.S.), NTT Communications Corporation (Japan), Utho (India), and Vultr (U.S.).

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Scope of the Report:

Infrastructure-as-a-Service Market Assessment—by Offering

StorageComputeNetworkOther Offerings

Infrastructure-as-a-Service Market Assessment—by Deployment Mode

Public CloudPrivate CloudHybrid Cloud

Infrastructure-as-a-Service Market Assessment—by Organization Size

Large EnterprisesSmall & Medium-sized Enterprises

Infrastructure-as-a-Service Market Assessment—by Application

Storage, Backup, and RecoveryHigh Performance ComputingHostingTesting and DevelopmentOther Applications

Infrastructure-as-a-Service Market Assessment—by Sector

IT & TelecommunicationsRetail & E-commerceBFSIManufacturingHealthcareTransportation & LogisticsGovernment & DefenseOther Sectors

 Infrastructure-as-a-Service Market Assessment—by Geography 

North AmericaU.S.CanadaAsia-PacificChinaJapanIndiaSouth KoreaRest of Asia-PacificEuropeU.K.GermanyItalySpainFranceRest of EuropeLatin AmericaMiddle East & Africa

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Related Reports:

Platform-as-a-Service Market by Type (Application PaaS, Integration PaaS, Database PaaS, Other PaaS), Deployment Mode (Private PaaS, Public PaaS, Hybrid PaaS), Organization Size (SMEs and Large Enterprises), Sector (IT & Telecom, Retail & E-commerce, Healthcare, BFSI, Manufacturing, Government & Defense, Energy & Utility) – Global Forecast to 2030

Cybersecurity-as-a-Service Market by Application (Network Security, Cloud Security, Endpoint Security, Application Security), Organization Size, Sector (BFSI, IT & Telecommunications, Retail, Healthcare), and Geography – Global Forecast to 2030

Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), Deployment Mode, Organization Size, End User (BFSI, Retail, and Healthcare), and Geography – Global Forecast to 2030

Cloud Managed Services Market by Type, Deployment Mode, Organization Size, Sector (IT & Telecommunications, BFSI, Retail & Consumer Goods and Healthcare & Life Sciences)—Global Forecast to 2030

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
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California, 96001, U.S.
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Email- sales@meticulousresearch.com
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Technology

Act Now: ez1095 Software Simplifies ACA Corrections with Built-In XML Import Feature

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ez1095 ACA software includes a powerful XML data import feature included in the e-file version to streamline correction and replacement form filing.

REDMOND, Wash., Apr. 6, 2026 /PRNewswire/ — With ACA compliance deadlines approaching and penalties on the line, Halfpricesoft.com is urging employers and tax professionals to act quickly with the latest 2025 ez1095 software, now equipped with a built-in XML data import feature designed to simplify ACA correction and replacement form processing.

Don’t risk ACA penalties or last-minute filing stress. Get ahead of correction and replacement filing with ez1095. Download the software, leverage the built-in XML import feature, and ensure accurate, compliant ACA submissions, click here to get started now.

Developers at Halfpricesoft.com have enhanced ez1095 ACA (Affordable Care Act) software to include XML import functionality at no additional cost, allowing users to efficiently process corrections with greater speed and accuracy.

“ez1095 2025 software includes an XML data import feature to process correction and replacement forms more quickly and securely,” said Dr. Ge, Founder of Halfpricesoft.com.

This feature significantly reduces manual data entry and helps organizations manage ACA corrections with confidence. Businesses handling only a few corrections can choose to print paper forms with the “Corrected” box checked and submit by mail, while those needing to efile can follow step-by-step guidance here.

ez1095 supports all required ACA forms, including 1095-C, 1094-C, 1095-B, and 1094-B, and is IRS-approved to generate electronic filing documents for both current and prior tax years. By managing ACA filings in-house, organizations gain greater control, improved data security, and reduced processing costs.

The software also eliminates the need for pre-printed forms by allowing users to print both IRS and recipient copies on plain white paper. With robust import capabilities, including spreadsheets, XML files, and prior-year data, ez1095 ensures faster setup and streamlined processing.

Flexible Pricing Options:

$295 – Print & Mail Version

$495 – Federal Efile Version

$695 – State & Federal Efile Version

Each version supports unlimited companies, recipients, and ACA forms at no additional cost. Learn more

Key Features Include:

Built-in XML import for fast ACA correction processing

IRS-approved efile document generation

Support for original, correction, replacement, and test submissions

Print ACA forms (1095/1094 B & C) on plain white paper

Unlimited form processing for multiple companies

PDF generation for recipient distribution

No internet required to run the software

Easy step-by-step interface with built-in help resources

Efile direct, add-on feature available for those with no time or TCC code

Compatibility with Windows 11, 10, and 8

Don’t hesitate! Correct ACA forms today by visiting Halfpricesoft.com. Test drive the ez1095 for up to 30 days at no cost or obligation. Please note: Trial will appear on forms and efile feature is not enabled for test drive.

Halfpricesoft.com is a leading provider of small business software, including payroll, accounting, time tracking, and check printing solutions. Its product lineup includes W2, 1099, and 1095 form software, as well as ezACH direct deposit tools. Trusted by businesses for over two decades, Halfpricesoft.com helps streamline operations and simplify payroll and tax reporting.

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SOURCE Halfpricesoft.com

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Code & Co. Opens New York Office

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Kirby Montgomery Appointed to Lead Local Team

BERLIN, LONDON and NEW YORK, April 21, 2026 /PRNewswire/ — Code & Co., the global AI & Technology Due Diligence firm, today announces the opening of its New York City office and the appointment of Kirby Montgomery as Head of North America.

The US has long been a core market for the firm, accounting for a significant share of its 800+ engagements to date. Kirby will lead the local expert team, backed by Code & Co.’s practice and proprietary AI and software platform.

An operator-first appointment with a decade of PE-adjacent experience

Kirby brings twenty years of experience scaling software products across fintech, payments, and healthtech. Most recently, he was Head of Product and GM at SAP Taulia, leading the 0-to-1 build of a new payments line. Earlier, as VP of Product Management at C2FO, he helped replatform a supply chain finance product generating over $130M in gross revenue and launched the C2FO API platform. As Director of International Product at TreviPay (then MSTS), he helped scale annual transactions to $5B and expand from 4 to 30 countries, ahead of its acquisition by Corsair Capital in 2020. He also co-founded TheraWe, acquired by Rethink First (a K1 Capital platform).

Code & Co. first met Kirby in 2020 during its Tech DD on MSTS for the Corsair transaction. Over the next six years, he worked alongside the firm in a senior advisory capacity, making a full-time move the obvious next step.

From Our Leadership Team

“We have been serving US clients for years, but having a strong team on the ground, in their timezone, changes what we can deliver. Faster access and the speed to insight that modern deal-making demands, backed by our global team with 800+ deals behind them.”
– Dan Bender, Founding Partner

“Most investors are asking harder questions about AI than ever before and need answers they can act on. That is what drew me to Code & Co. The team has spent a decade building the tools, methodology, and track record to give investors real conviction and real-world action plans. I am here to scale that further, on both the buy-side and sell-side, and everything in between.”
– Kirby Montgomery, Head of North America

What We Do

Code & Co. offers an end-to-end suite of AI & Technology DD services, purpose-built for the pace and demands of modern deal-making.

AI & Tech DD: Fast, actionable, data-driven buy-side assessments covering every major market, strategy, and sector, supporting funds from first look through the entire value creation lifecycle.Sell-side & Vendor DD: Helping sellers get ahead of buyer scrutiny with rigorous exit readiness assessments and vendor DD materials that hold up to sophisticated acquirers.Lightning DD: Rapid pre-qualification delivering a sharp first point of view, driven by document analysis, deep research, and web signal intelligence, before significant time or capital is committed to a process.Cyber & IT DD: Full-spectrum infrastructure, security posture, and IT operational risk review, relevant across virtually every deal type.Embedded Software & Hardware: In-house expertise across embedded systems, hardware-adjacent software, and Industry 4.0 and IIoT environments.AI Future Readiness: Cutting through AI hype to assess whether a company’s strategy, architecture, governance, team, and roadmap are genuinely defensible and built to scale.Portfolio Monitoring & Continuous Diligence: Ongoing technology and AI maturity tracking across portfolio companies, powered by Code & Co.’s proprietary software stack.

About Code & Co.

Code & Co. is a leading AI & Technology DD firm serving private equity and growth investors globally. Founded in 2016, the firm has completed 800+ engagements for 200+ funds across buy-side, sell-side, and vendor mandates. Every team member is an operator with hands-on experience in technology, product, and AI. www.codeandco.com

Full press release: https://www.codeandco.com/media/code-co-opens-new-york-office

For inquiries: hello@codeandco.com

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Fastmarkets and Expana form strategic partnership to strengthen forest products market intelligence

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LONDON, April 21, 2026 /PRNewswire/ — Fastmarkets and Expana, global leaders in commodity price reporting and market intelligence, today announced a strategic partnership to deliver deeper, more actionable forest products intelligence to customers.

Under the partnership, Fastmarkets’ trusted forest products price benchmarks will be integrated directly into the Expana platform, giving customers streamlined access to essential upstream pricing alongside downstream market insights. The collaboration is designed to support faster, more confident decision‑making across increasingly complex and volatile forest products markets.

By combining Fastmarkets’ authoritative, IOSCO‑compliant price assessments with Expana’s downstream intelligence and analytics, customers can access critical pricing for key forest product categories – including pallets, wood, recovered paper and packaging – within a single workflow.

“As forest products markets become more volatile and margin pressure increases, customers need trusted price benchmarks embedded alongside downstream intelligence,” said Raju Daswani, CEO at Fastmarkets. “Partnering with Expana allows us to deliver that combination in a way that is practical, decision‑ready and directly aligned with how Expana’s agri-food customers operate.”

Fastmarkets delivers some of the most widely relied-upon forest products price assessments globally, spanning pulp, recovered paper, timber, biomass, wood products, pallets, tissue, nonwovens and graphic paper. These benchmarks provide transparency and confidence to buyers, sellers and traders navigating dynamic market conditions.

“At Expana, we are committed to providing our users with comprehensive, reliable data to support smarter decision-making,” said Julie Harris, CEO at Expana “Fastmarkets’ authoritative forest products price benchmarks are a natural fit for our customers, and this partnership represents a meaningful step forward in expanding the insights available on our platform,” she added.

Expana delivers comprehensive market intelligence and analytics across food, beverage and FMCG supply chains, with deep expertise in packaging materials, industrial inputs and cost modeling. The platform’s advanced analytics and forecasting tools help customers understand cross-commodity relationships and supply chain impacts, enabling more strategic procurement decisions across volatile markets.

The partnership reflects a shared commitment by Fastmarkets and Expana to improving market transparency and equipping customers across the value chain with high‑quality, decision‑critical intelligence.

For more information, contact media@fastmarkets.com or visit www.fastmarkets.com.

ABOUT FASTMARKETS

Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals, carbon and energy transition markets. Its benchmark prices, analytics, forecasts, and insights are critical to customers seeking to trade, manage risk, and understand complex global markets.

Fastmarkets was founded in 1913, with a heritage dating back to 1865 through several of its acquired brands. Fastmarkets employs more than 700 people worldwide, with offices across Europe, the Americas, and Asia. The company is privately held and backed by Astorg, a leading European private equity firm.

ABOUT EXPANA

Expana is the world’s leading agrifood-focused Price Reporting Agency and global information provider. In markets defined by volatility, opacity and risk, Expana equips businesses with the foresight when to buy or sell, how much, where to source, what to reformulate and how to price. By uniting frequently updated pricing data, predictive forecasts, cost modeling and expert analysis, Expana transforms market data into negotiation power and boardroom-ready intelligence. The result: reduced risk, millions saved in COGS, stronger supply resilience, and faster, more confident growth.

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