IAAS (Infrastructure As A Service)

IAAS (Infrastructure As A Service): Refers to an on-demand business model for IT capacities. Instead of owning an IT infrastructure or server space you rent it and pay for it on a per-use basis. Those capacities are usually owned, maintained and provided by a cloud service. These are specific services that are essential for any IoT implementation to work properly. Such services provide support for essential features of the IoT.