Infrastructure as a Service - Armenia

Revenue in the Infrastructure as a Service market is projected to reach US$26.57m 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 23.14%, resulting in a market volume of US$75.24m 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 infrastructure as a service market within the public cloud market in Armenia is experiencing substantial growth, driven by factors such as the increasing adoption of cloud technology, growing demand for online services, and the convenience it offers. This growth rate is impacted by the country's efforts to modernize its infrastructure and promote digitalization in various sectors.

Customer preferences: As technology continues to advance, consumers in Armenia are increasingly turning to Infrastructure as a Service solutions within the public cloud market for their business needs. This is driven by the desire for cost-effective and scalable cloud services, as well as the need for remote access and management. Furthermore, with the rise of digital innovation and the growing reliance on virtual work, there is a shift towards online collaboration tools and remote work platforms, highlighting the importance of reliable and efficient cloud infrastructure in the market.

Trends in the market: In Armenia, there is a noticeable shift towards Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is driven by the increasing adoption of digital transformation initiatives and the need for agile and scalable infrastructure. As a result, IaaS providers are expanding their offerings and investing in data centers to meet the growing demand. This trend is significant as it allows businesses to reduce IT costs and improve efficiency. However, it also presents challenges for industry stakeholders, such as ensuring data security and managing complex cloud environments. These trends are expected to continue, making it crucial for businesses to carefully evaluate their cloud strategies and choose the right IaaS provider to stay competitive in the market.

Local special circumstances: In Armenia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing growth due to favorable government policies and investments in technology infrastructure. The country's strategic location between Europe and Asia also makes it an ideal location for data centers and cloud services. Additionally, the cultural emphasis on education and tech-savviness has led to a highly skilled workforce, further driving the market's growth. Moreover, the government's efforts to promote innovation and entrepreneurship through initiatives like the "Armenia Startup Academy" have created a conducive environment for the development of cloud services in the country.

Underlying macroeconomic factors: The growth of the Infrastructure as a Service Market within the Public Cloud Market in Armenia is heavily influenced by macroeconomic factors such as government policies, technological advancements, and overall economic stability. Countries with favorable regulatory environments and strong investment in cloud infrastructure are experiencing faster market growth compared to regions with limited government support and funding for technology. Additionally, the increasing demand for digital transformation across industries and sectors is driving the adoption of Infrastructure as a Service solutions to enhance operational efficiency and reduce costs.

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.