As data, applications, and workloads continue to move to the cloud, demand for IaaS networking is surging. The market for cloud-based IaaS networking will reach $19.4 billion in total global revenues this year, according to IDC, with a compound annual growth rate of 28% projected through 2026.
Increasing cloud-native application architectures, distributed workloads, and their respective integration needs are the biggest drivers of IaaS cloud networking adoption, says IDC analyst Taranvir Singh.
