target audience: TECH SUPPLIER Publication date: Dec 2023 - Document type: Market Forecast - Doc Document number: # US51414623
Worldwide IaaS Networking Forecast, 2023–2027
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Abstract
This IDC study provides a forecast of IaaS networking for 2023–2027.
"The IaaS networking market continues its growth journey, delivering over 36% annual growth," said Taranvir Singh, research manager, Cloud Networking Services at IDC. "IaaS networking has now reached a pivotal juncture, with enterprises increasingly recognizing the significance of transitioning from traditional to cloud-centric networking. Therefore, we expect the market to maintain a healthy growth rate over the five-year forecast period, achieving a CAGR of 24.8%."