Infrastructure as a Service - Austria

  • Austria
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.70bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.14%, resulting in a market volume of US$1.68bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Infrastructure as a Service market in the Public Cloud Market in Austria is witnessing considerable growth, driven by factors such as increasing demand for digital solutions, growing awareness about the benefits of cloud computing, and the ease of access to online infrastructure services. The market's rapid growth rate can be attributed to the increasing adoption of digital technology and the convenience offered by cloud-based solutions.

Customer preferences:
As digitalization continues to expand in Austria, there has been a growing demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is driven by the increasing need for flexible and scalable IT infrastructure solutions, particularly among small and medium-sized enterprises. Additionally, the shift towards remote work arrangements has accelerated the adoption of IaaS, as companies seek cloud-based solutions to support their employees' remote work needs. This has led to a significant increase in the adoption of IaaS in Austria, as businesses prioritize agility, cost efficiency, and accessibility in their IT infrastructure.

Trends in the market:
In Austria, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as companies seek to optimize their IT infrastructure and leverage the benefits of both public and private clouds. Additionally, there is a growing trend towards containerization and serverless computing, allowing for greater scalability and cost-efficiency. These trends signal a shift towards more flexible and agile cloud solutions, with potential implications for industry stakeholders such as increased competition and the need for specialized expertise in managing hybrid environments.

Local special circumstances:
In Austria, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's strong focus on sustainability and data privacy laws. The demand for eco-friendly cloud solutions and strict regulations on data protection drive the market. Additionally, Austria's central location and advanced internet infrastructure make it an attractive location for data centers, further contributing to the growth of the market.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Austria is heavily impacted by macroeconomic factors such as the country's strong economic health, its favorable regulatory environment, and significant investments in digital infrastructure. These factors have facilitated the rapid growth of the market, with Austria being one of the leading countries in Europe for cloud adoption. The government's support for digital transformation and its focus on creating a robust digital infrastructure have also played a crucial role in driving the market's growth. Additionally, the increasing demand for cost-effective and scalable cloud solutions, coupled with the rising trend of remote work, has further boosted the demand for Infrastructure as a Service offerings in Austria.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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