Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United Kingdom, China, France, Netherlands, Germany
The Infrastructure as a Service market in Bosnia and Herzegovina is experiencing considerable growth within the Public Cloud market. This growth is driven by factors such as the increasing adoption of cloud technologies, growing awareness of the benefits of cloud services, and the convenience of accessing infrastructure online. These factors are contributing to the significant growth rate in the market.
Customer preferences: As businesses in Bosnia and Herzegovina continue to embrace the Public Cloud Market, there has been a noticeable shift towards Infrastructure as a Service solutions. This can be attributed to the rise of remote work and the need for scalable and flexible IT infrastructure. Additionally, the growing trend of digitalization in the country has fueled the demand for cloud-based services, with businesses opting for cost-effective and efficient solutions.
Trends in the market: In Bosnia and Herzegovina, the Infrastructure as a Service (IaaS) market within the Public Cloud market is experiencing a surge in demand for hybrid cloud solutions. This trend is driven by the need for flexibility and scalability in cloud infrastructure, as well as the desire to optimize costs. Additionally, there is a growing focus on security and data protection, leading to a shift towards multi-cloud strategies. This trajectory is significant as it allows organizations to leverage the benefits of both public and private clouds, while also mitigating potential risks. Industry stakeholders should pay attention to this trend and consider offering hybrid cloud solutions to meet the evolving demands of the market.
Local special circumstances: In Bosnia and Herzegovina, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's geographical location, which is situated at the crossroads of Eastern and Western Europe. This has led to a unique blend of cultural influences, with a mix of Slavic, Ottoman, and Austro-Hungarian traditions. Additionally, the country's regulatory environment is shaped by its complex political system, with a decentralized government and multiple layers of decision-making. These local factors contribute to a dynamic and evolving market landscape, with opportunities for both local and international players to provide innovative solutions to meet the specific needs of the market.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Bosnia and Herzegovina is influenced by macroeconomic factors such as overall economic growth, government policies, and investment in digital infrastructure. Countries with strong economic growth and government support for digital transformation are experiencing faster market growth compared to regions with limited resources and regulatory challenges. Additionally, the increasing demand for digital solutions and the adoption of cloud technology in various industries are driving the growth of the market in Bosnia and Herzegovina.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)