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Infrastructure As A Service (IaaS) Market size is set to grow by USD 1.25 billion from 2024-2028, Shift from capex model to OPEX model boost the market, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global infrastructure as a service (IaaS) market size is estimated to grow by USD 1.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 55.16%  during the forecast period. Shift from capex model to opex model is driving market growth, with a trend towards increasing demand for cloud-based applications. However, increasing incidences of data breaches  poses a challenge. Key market players include 11 11 Systems Inc., Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datacom Group Ltd., Dell Technologies Inc., DigitalOcean Holdings Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Rackspace Technology Inc., Redcentric plc, and VMware Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Infrastructure As A Service (Iaas) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 55.16%

Market growth 2024-2028

USD 1254.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

38.62

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

11 11 Systems Inc., Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datacom Group Ltd., Dell Technologies Inc., DigitalOcean Holdings Inc., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Rackspace Technology Inc., Redcentric plc, and VMware Inc.

Market Driver

The global Infrastructure as a Service (IaaS) market is experiencing significant growth due to the increasing adoption of cloud computing by organizations of all sizes. Cloud-based solutions offer numerous benefits, including quick implementation, improved customer experience, data accessibility, and reduced cost. Small businesses and startups can leverage the scalability of hardware and resources offered by cloud providers, while large organizations can scale their workload as needed without the need for expensive data center setup. The retail, healthcare, manufacturing, telecommunication and IT, media and entertainment, and BFSI industries are among the major adopters of cloud services due to their advantages in reliability, enhanced uptime, and flexibility. Government agencies are also turning to IaaS to address challenges in managing diverse data types and sizes, optimizing services, and ensuring security and compliance. Vendors like Microsoft Azure Government and Datacom Group Ltd. Offer IaaS solutions tailored to government agencies’ specific needs. Despite security concerns, the market is expected to grow due to the benefits of cloud services, including cost savings, increased efficiency, and scalability. 

Infrastructure as a Service (IaaS) is a popular cloud computing solution that provides businesses with on-demand access to computing resources, including servers, storage, and networking hardware. IaaS is a key trend in the IT & telecom industry, with many businesses, even Small and Medium-sized Enterprises (SMBs), adopting this model for its flexibility and cost savings. IaaS enables businesses to build a customized IT infrastructure, using hypervisors for virtualization and service-oriented architecture for efficient computing. Data centers provide the necessary physical infrastructure, while cloud services offer plug-and-play services for easy deployment. Sectors like retail & e-commerce, energy & utilities, and healthcare are embracing IaaS for its processing capabilities and evidence-based care, with electronic health records and AI being key applications. However, with the increased use of IaaS comes cybersecurity risks, including cyberattacks and data breaches. Infrastructure-as-a-Service providers offer automation, digitization, and compostability to mitigate these risks and ensure business continuity through disaster recovery. IaaS also supports mobility, enabling businesses to access their applications and data from anywhere, at any time. Overall, IaaS is a game-changer for businesses, offering scalability, flexibility, and cost savings, while minimizing the need for skilled resources and hardware investments. 

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Market Challenges

The global Infrastructure as a Service (IaaS) market is experiencing significant growth due to the increasing adoption of cloud-based application software. However, this market faces a major challenge in the form of data security breaches. XSS, XSRF, and SQL injection attacks are common security threats that put customer data at risk. In a multi-tenant cloud environment, a vulnerable application can compromise the security of other applications sharing the same database infrastructure. This growing concern over data security is leading customers to demand stronger security measures from IaaS providers. Failure to address these security challenges could negatively impact the growth of the IaaS market.Infrastructure as a Service (IaaS) market is witnessing significant growth due to the increasing adoption of cloud computing services. Tintri’s Cloud Engine and Cloud Platform offerings are popular choices for businesses looking to deploy workloads in public, private, or hybrid cloud environments. The Computing and Networking segments are key areas of focus, with industries such as Healthcare, Manufacturing, Retail and e-commerce, IT and Telecom, and Edge Computing leading the charge. Challenges in IaaS include rapid deployment and scalability, hardware requirements, and data security concerns. Data access, location, and privacy are critical issues, especially for sensitive industries. Security threats like data leaks, permanent data loss, application vulnerabilities, and cloud service exploitation are major concerns. Multitenancy, de-provisioning, and hybrid models add complexity to IaaS adoption. Companies must carefully consider their cloud supplier, data protection, and de-provisioning policies to mitigate risks. On-premises data centers and virtualized IT components continue to coexist with cloud solutions. The use of flash drives and external hard drives for data storage adds to the infrastructure complexity. The mobile workforce and distributed cloud computing further complicate network management. Ultimately, businesses must balance the benefits of cloud services with the risks and choose the right infrastructure model for their needs.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This infrastructure as a service (iaas) market report extensively covers market segmentation by  

Deployment 1.1 Public cloud1.2 Private cloud1.3 Hybrid cloudEnd-user 2.1 Large enterprises2.2 SMEsGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Public cloud-  The Infrastructure as a Service (IaaS) market refers to the delivery of virtualized computing resources over the internet. IaaS providers offer businesses on-demand access to computing power, storage, and networking resources. Companies can rent these resources, pay only for what they use, and easily scale up or down as needed. Major players in the IaaS market include Amazon Web Services, Microsoft Azure, and Google Cloud Platform. These providers offer reliable, secure, and flexible solutions, enabling businesses to focus on their core competencies rather than managing IT infrastructure.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global cloud computing market is driven by the increasing demand for scalable IT solutions and cost efficiency. Key players include Amazon Web Services, Microsoft Azure, and Google Cloud. Simultaneously, the global cloud storage services market is expected to fueled by the rising need for data backup and disaster recovery solutions. Major companies in this space are Amazon, Microsoft, and IBM, offering advanced storage solutions and enhanced security features.

Research Analysis

Infrastructure as a Service (IaaS) is a type of cloud computing service that provides businesses with on-demand access to computing resources, such as servers, storage, and networking, without the need for physical infrastructure. IaaS enables rapid deployment of IT resources for running applications and handling day-to-day operations. It offers plug-and-play services, making it easier for businesses, especially Small and Medium-sized Enterprises (SMBs), to digitize their operations. IaaS also supports distributed cloud computing, allowing businesses to access resources from multiple locations. With automation and virtualization, IaaS offers high processing capabilities and scalability, making it an ideal solution for businesses in the IT & telecom industry, retail & e-commerce industry, and other sectors requiring high-performance computing. IaaS also supports disaster recovery, ensuring business continuity in case of unforeseen events. Hardware components like flash drives and external hard drives can be attached to IaaS instances for additional storage needs.

Market Research Overview

Infrastructure as a Service (IaaS) is a cloud computing model that provides virtualized computing resources over the internet. These resources include processing capabilities, storage, and networking, delivered as plug-and-play services. IaaS allows businesses to rapidly deploy and scale their IT infrastructure, making it an attractive option for organizations in various industries such as healthcare, manufacturing, retail and e-commerce, IT and telecom, and more. IaaS providers offer public, private, and hybrid cloud solutions, catering to different business needs. The computing segment includes servers, virtual main memory, and virtualized IT components, while the networking segment focuses on networking hardware and networking services. The benefits of IaaS include automation, digitization, and rapid deployment. However, it also comes with cybersecurity risks, such as cyberattacks, data breaches, and permanent data loss. To mitigate these risks, IaaS providers offer security features like AI, Big Data, and Tintri Cloud Engine and Platform. IaaS enables businesses to access their application workloads and data from anywhere, making it ideal for mobile workforces. It also supports industry-specific requirements, such as evidence-based care in healthcare and service-oriented architecture in IT and telecom. Despite the advantages, IaaS adoption requires careful consideration of factors like data access, data center location, and data security. Businesses must also ensure they have skilled resources to manage their cloud infrastructure and mitigate potential security threats. In conclusion, IaaS is a powerful cloud computing service that offers businesses the flexibility and scalability they need to grow and compete in today’s digital economy. However, it also comes with its challenges, and businesses must carefully evaluate their needs and risks before making the transition.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentPublic CloudPrivate CloudHybrid CloudEnd-userLarge EnterprisesSMEsGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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44 minutes ago

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January 10, 2025

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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January 10, 2025

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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44 minutes ago

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January 10, 2025

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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