Infrastructure as a Service - Belgium

  • Belgium
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.77bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.51%, resulting in a market volume of US$1.80bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$142.20 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Infrastructure as a Service market in Belgium is experiencing steady growth due to customer preferences for flexible and scalable IT solutions, as well as the increasing adoption of cloud computing technologies.

Customer preferences:
Belgian businesses are increasingly favoring Infrastructure as a Service (IaaS) solutions over traditional on-premises infrastructure due to several factors. Firstly, IaaS offers flexibility and scalability, allowing businesses to easily adjust their IT resources based on their changing needs. This is particularly important in an era of digital transformation where businesses need to quickly adapt to market demands. Additionally, IaaS solutions eliminate the need for businesses to invest in and maintain their own physical infrastructure, reducing costs and freeing up resources for other strategic initiatives.

Trends in the market:
One of the key trends in the IaaS market in Belgium is the growing adoption of hybrid cloud solutions. Hybrid cloud combines the benefits of public and private clouds, allowing businesses to leverage the scalability and cost-effectiveness of public cloud services while maintaining control over sensitive data through private cloud infrastructure. This trend is driven by the need for businesses to balance the benefits of cloud computing with data security and compliance requirements. Another trend in the market is the increasing demand for managed IaaS services. As businesses focus on their core competencies, they are looking to outsource the management and maintenance of their IT infrastructure to specialized service providers. Managed IaaS services offer businesses the convenience of offloading infrastructure management tasks, such as monitoring, patching, and backup, to experts, allowing them to focus on their core business objectives.

Local special circumstances:
Belgium has a highly developed digital infrastructure and a strong focus on innovation, making it an attractive market for IaaS providers. The country's central location in Europe also positions it as a strategic hub for businesses looking to expand their operations across the continent. Additionally, Belgium has a high level of internet penetration and a tech-savvy population, creating a favorable environment for the adoption of cloud-based services.

Underlying macroeconomic factors:
The growth of the IaaS market in Belgium is supported by several macroeconomic factors. Belgium has a stable economy and a strong business environment, which encourages investment in IT infrastructure and innovation. The government has also been proactive in promoting digital transformation and supporting the development of the cloud computing industry through initiatives such as tax incentives and funding programs. Furthermore, the COVID-19 pandemic has accelerated the shift towards remote work and digitalization, driving the demand for cloud-based solutions, including IaaS. In conclusion, the Infrastructure as a Service market in Belgium is witnessing growth driven by customer preferences for flexible and scalable IT solutions, the adoption of hybrid cloud and managed services, as well as local special circumstances such as a developed digital infrastructure and a supportive business environment. These trends are further supported by underlying macroeconomic factors, including a stable economy and government initiatives.

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
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)