Infrastructure as a Service - Bangladesh

Revenue in the Infrastructure as a Service market is projected to reach US$280.70m 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 28.73%, resulting in a market volume of US$992.40m 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 Bangladesh is witnessing considerable growth due to the increasing demand for Infrastructure as a Service. The average growth rate is impacted by factors such as the adoption of digital technologies and the convenience of online services in the country.

Customer preferences: As more businesses in Bangladesh turn to Infrastructure as a Service within the Public Cloud Market, there is a growing demand for cloud-based solutions that cater to local cultural and demographic preferences. This includes a shift towards locally hosted cloud services and a preference for cloud providers that offer flexible payment plans to accommodate the country's largely cash-based economy. Additionally, there is a trend towards using cloud-based solutions to improve efficiency and reduce costs, as well as to enable remote work and collaboration in light of the ongoing COVID-19 pandemic.

Trends in the market: In Bangladesh, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud computing by businesses of all sizes. This trend is expected to continue as more companies recognize the benefits of cost savings, scalability, and flexibility offered by the public cloud. Additionally, the government's push for digitalization and modernization of infrastructure is driving the growth of the market. These trends are significant for industry stakeholders as they present opportunities for revenue growth and expansion. However, it also brings challenges such as data security and privacy concerns, which must be addressed to maintain customer trust and confidence in the public cloud.

Local special circumstances: In Bangladesh, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's geographical and cultural factors. The tropical climate and frequent natural disasters pose challenges for data centers, leading to a higher demand for cloud-based solutions. Additionally, the country's strong focus on digital transformation and government initiatives for cloud adoption have contributed to the growth of the public cloud market. The local preference for cost-effective and scalable solutions has also fueled the adoption of Infrastructure as a Service.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Bangladesh is influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. With a rapidly growing economy and increasing digitalization efforts, Bangladesh is experiencing a surge in demand for cloud services, including Infrastructure as a Service. The government's initiatives to improve digital infrastructure, such as the "Digital Bangladesh" vision, are expected to further drive the growth of the market. Additionally, the country's young and tech-savvy population, coupled with rising investments in the ICT sector, create a favorable environment for the adoption of cloud services. However, challenges such as limited internet penetration and infrastructure may hinder market growth.

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.