Technology Magazine September 2024 | Page 139

CLOUD n an era where digital transformation is no longer optional , businesses are increasingly turning to cloud computing to drive innovation , enhance scalability and optimise costs .
Among the various cloud models , Infrastructure as a Service ( IaaS ) has gained prominence in recent years , offering unparalleled flexibility and scalability . The IaaS market is witnessing explosive growth – with revenue projected to hit US $ 183.50bn this year and grow to US $ 461.90bn by 2029 – driven by trends such as artificial intelligence ( AI ) integration , edge computing and the rise of multi-cloud strategies .
As businesses seek to optimise costs , enhance agility and drive innovation , IaaS presents a compelling solution . This shift is reshaping not just IT departments , but entire business models , enabling companies to respond swiftly to market changes and customer demands .
IaaS and the cloud computing landscape At its core , IaaS is a cloud computing model that provides virtualised computing resources over the internet . Nick Drouet , CTO at Kyndryl UK & I , boils it down : “ Infrastructure as a Service ( IaaS ) is a cloud computing model providing virtualised resources like virtual machines , storage and networking on a pay-as-you-go basis .”
To grasp the concept of IaaS , it ’ s essential to understand how it differs from other cloud computing models , namely
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