/ Financial / Infrastructure as Code (IaC) Market Size to Surpass US$ 1.9 Bn by 2030

Infrastructure as Code (IaC) Market Size to Surpass US$ 1.9 Bn by 2030

Parul Dubey on April 7, 2023 - in Financial, News

As per the report by Global Market Insights, Inc. “Worldwide Infrastructure as Code (IaC) market was valued USD 450 million in 2021 and will surpass a revenue collection of USD 3.5 billion by 2030 with an annual growth rate of 25 % over 2022 to 2030.”

The infrastructure configuration is stored in electronic files, and software is responsible for setting up infrastructure changes, reducing the possibility of human error. Tech players and software developers globally have been undertaking several R&D projects focused on developing composable infrastructure. The development of composable infrastructure aids in the streamlining of operations, scaling of resources, and increasing built-in data protection and recovery. The modular infrastructure provides a cloud-like experience for the provisioning of on-demand hardware and software resources.

The Infrastructure as Code (IaC) industry is classified based on approach, organization size, deployment model, infrastructure, end-use, and region.

Regarding the approach, the declarative segment is anticipated to account for a significant market share by 2030. Declarative languages offer greater agility, extensibility, and productivity than imperative languages, bolstering their adoption across the globe. This approach enables developers to illustrate convoluted programs in a compressed form and outline solution models more quickly due to its high level of extraction, increasing the segment share between 2022 and 2030.

The SMEs segment is expected to hold a significant revenue share by 2030. The massive growth in enterprise data led by the ongoing digital transformation and the increasing focus on improving the overall customer experience will back the segment growth over the forthcoming years. The escalating requirement across organizations to increase scalability, agility, and resilience to boost the existing technological landscape and enable businesses to operate more efficiently will drive the demand for IaC services across SMEs.

The cloud deployment model is anticipated to gain considerable popularity over the next 8 years. This can be attributed to the increasing number of enterprises transitioning toward digitizing their workloads and the rising investments in IT infrastructure. The expanding remote workforce and the accelerating demand to introduce more secure, reliable, and scalable software solutions will augment the demand for cloud-based IaC solutions in the forthcoming years.

The BFSI segment is set to amass substantial valuation by the end of 2030 depicting a considerable growth rate in the 8 years. The rapid surge in digital payments globally has escalated the requirement for a more robust and secured IT infrastructure and efficient fraud detection mechanism to help protect customer credentials. The integration of IaC software across banking and financial organizations enhances overall security while diminishing the prospects of potential cyberattacks, thereby increasing their adoption through 2030.

Regionally, the Europe Infrastructure as Code market held over 27% market share in 2021 and is likely to record a sizeable valuation by 2030. The regional growth is credited to the robust economic outlook and proliferation of advanced technologies pushing the need for a better technological landscape. The increasing penetration of internet services and the evolving workplace requirements will drive IaC industry trends across Europe.

The Infrastructure as Code (IaC) market consists of Amazon.com, Inc., Microsoft Corporation, Google LLC, IBM Corporation, HashiCorp, Inc., Oracle Corporation, Puppet, Progress Software Corporation, Pulumi, and others

Source: https://www.gminsights.com/industry-analysis/infrastructure-as-code-market  

 

 

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