Infrastructure as a Service - Albania

Revenue in the Infrastructure as a Service market is projected to reach US$9.49m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.31%, resulting in a market volume of US$24.94m by 2029.
In global comparison, most revenue will be generated United States (US$77.05bn in 2024).

Definition:

Infrastructure as a Service (IaaS) refers to the type of public cloud service that provides virtualized computing resources. IaaS offers on-demand access to virtual machines, storage, and networking components, thus allowing users to build, deploy, and manage IT infrastructure without the need to invest in physical hardware. IaaS offers scalability, flexibility, and cost-efficiency by requiring users to pay only for the resources they consume. The IaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Amazon Web Services (AWS). AWS provides a wide range of virtual machines, storage, and networking resources that users can access on demand to build and manage their IT infrastructures.

Additional Information:

The Infrastructure as a Service (IaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the IaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Server capabilities, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Computing resources, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Storage resources, such as Amazon Elastic Block Store (EBS), Azure Blob Storage, and Google Cloud
Network capabilities, such as Google Cloud Interconnect and Alibaba Cloud Express Connect

Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite
Desktop-as-a-Service (DaaS), such as Amazon WorkSpaces, Microsoft Windows Virtual Desktop, VMware Horizon Cloud, and Citrix Virtual Apps and Desktops
Platform-as-a-Service (PaaS), such as Heroku, AWS Elastic Beanstalk, Google App Engine, Microsoft Azure App Service, and IBM Cloud Foundry
Software-as-a-Service (SaaS), such as Google Workspace, Microsoft 365, Salesforce, Zoom, and Slack
System infrastructure software, such as Microsoft Windows Server, Linux distributions, VMware for virtualization, and Cisco’s networking software
Private cloud services, such as IBM Cloud Private, Microsoft Azure Stack HCI, and VMware vCloud Suite

The Public Cloud Market in Albania is experiencing considerable growth due to the increasing adoption of Infrastructure as a Service, rising awareness about digital technologies, and the convenience of online services. This growth is driven by factors such as the need for scalable and cost-effective solutions in the healthcare sector, as well as the government's push for digital transformation in the country.

Customer preferences: With the increasing accessibility and affordability of public cloud services, there has been a significant shift towards remote work and virtual collaboration in Albania. This trend is driven by the need for flexible and cost-effective solutions, as well as the growing preference for remote work among the country's younger population. As a result, there is a growing demand for infrastructure as a service, providing businesses with the necessary tools and resources to support a remote workforce. Additionally, the rise of e-commerce and online shopping has also led to a growing demand for public cloud services, as businesses seek to expand their digital presence and cater to the changing shopping habits of consumers.

Trends in the market: In Albania, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud storage and data management solutions. This is driven by the increasing adoption of digital transformation initiatives by both government and private sector organizations. Additionally, there is a growing trend of hybrid cloud solutions, where organizations are utilizing a combination of public and private clouds for their infrastructure needs. This trend is expected to continue in the foreseeable future, presenting opportunities for industry stakeholders to provide flexible and cost-effective solutions to meet the evolving needs of the market.

Local special circumstances: In Albania, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's geographical location and its small market size. Being a small country, the demand for cloud services is relatively low compared to larger markets. Additionally, the lack of reliable internet infrastructure and concerns over data privacy and security have also hindered the growth of this market. However, with the government's efforts to improve the country's digital infrastructure and the increasing adoption of cloud technology by businesses, the market is expected to see steady growth in the coming years.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Albania is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and investment in digital infrastructure. Albania's consistent economic growth and efforts to modernize its IT infrastructure have created a favorable environment for the growth of the Public Cloud Market. Additionally, the country's strategic location and low labor costs make it an attractive destination for foreign investment in the public cloud sector. Moreover, the increasing demand for cost-effective and scalable IT solutions from both the public and private sector is further driving the growth of the Infrastructure as a Service Market in Albania.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.