The global infrastructure as code (IaC) service market is anticipated to grow at a CAGR of 24.9% during the forecast period (2024-2031). The market growth is driven by the advent of modern cloud architecture. Additionally, the inception of composable infrastructure also presents a considerable opportunity for market growth. The market is segmented by type (into declarative and imperative), application (into SMEs and large enterprises), and region (into North America, Europe, Asia-Pacific, and the Rest of the World).
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Market Highlights and Recent Developments
- The large enterprise sub-segment is expected to hold a considerable market share attributing to the rising demand for automation and fast working processes with timely problem-solving, and investments by major businesses of the software industry. For instance, In April 2022, Microsoft introduced a software-as-a-service (SaaS) chip creation solution on the Microsoft Azure cloud computing platform. This solution was developed in collaboration with Synopsys, a leading provider of chip design and verification tools.
- Asia Pacific is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of market solution users and the increase in cloud solutions and services users in the region especially in countries such as India and China.
- Additionally, North American regions are anticipated to grow at a considerable rate attributed to the high concentration of the market solution vendors including IBM Corp., Google Inc., Microsoft Corp., and others. Also, economic development, technological enhancement, and government initiatives are contributing to market growth.
- In March 2022, Google announced the launch of the Last Mile Fleet Solution and the Cloud Fleet Routing API, which would assist fleet operators in enhancing delivery success and maximizing fleet performance. Parallelized request batching allows it to handle even the most taxing workloads.
- In June 2022, AWS announced the general availability of Mainframe Modernization, which enables customers to upgrade mainframe-based workloads more quickly and easily by shifting them to the cloud to take advantage of AWS's superior agility, elasticity, and cost benefits.
- The industry growth is restrained by the lack of skilled workforce. Additionally, it is challenged by the potential duplication of error due to the manual processing at various stages of the process.
The major players in the global infrastructure as code (IaC) service market include AWS Corp., Google LLC, IBM Corp., Microsoft Corp., Oracle, and others. The market players are contributing considerably to the market growth by the adoption of various business strategies. For instance, in December 2021, Oracle announced the general availability of continuous integration features from the OCI DevOps service. It offers a full end-to-end CI/CD platform in OCI commercial regions. DevOps code repositories allow developers to commit their source code, generate and test software artifacts, deliver artifacts to OCI repositories, and deploy those products to OCI platforms.
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