Infrastructure as Code market booming, projected to reach $5869.3 million by 2032
From GlobeNewswire: 2024-12-16 09:00:00
The Infrastructure as Code market is booming, with a projected growth from USD 917.3 million in 2023 to USD 5869.3 million by 2032, driven by the demand for efficient cloud infrastructure management. Companies are turning to IaC to automate IT provisioning, reduce manual work, and save up to 30% in infrastructure costs.
The rise in cloud computing adoption is fueling the Infrastructure as Code market, with 94% of enterprises already using some form of cloud infrastructure. IaC integration with DevOps and CI/CD pipelines allows organizations to accelerate development cycles and maintain reliable infrastructure, making it essential for managing complex cloud environments efficiently.
The growing complexity of handling hybrid and multi-cloud environments has led to the adoption of Infrastructure as Code, enabling consistent configuration across disparate platforms. Automation in IT infrastructure management is crucial, with IaC offering a scalable and cost-effective solution to eliminate time-consuming resources and optimize operations.
In 2023, the declarative approach dominated the IaC market, offering simplicity and consistency in defining infrastructure states. The imperative segment is projected to witness the fastest growth from 2024 to 2032, providing granular control for complex configurations. This demand for precise infrastructure management tools is expected to drive the imperative IaC market.
North America led the Infrastructure as Code market in 2023, with over 32.6% revenue share, driven by rapid cloud computing adoption and DevOps penetration. Meanwhile, the Asia Pacific region is experiencing the fastest CAGR, fueled by increasing cloud services adoption and digital transformation in emerging economies like China and India. Investments in IT infrastructure are promoting the demand for IaC solutions in the region. Microsoft Azure enhances its cloud services with new IaC capabilities for hybrid cloud environments. HashiCorp releases updated Terraform tools for multi-cloud deployments and efficient management of hybrid infrastructures. Market analysis report details the Infrastructure as Code (IaC) market, offering consulting services for market assessment and competitive benchmarking. SNS Insider provides evidence-based strategies for client growth, offering global market research and consulting services for informed decision-making.
Read more at GlobeNewswire: Infrastructure as Code Market to Reach USD 5869.3 Million