Infrastructure as a Service - Cambodia

  • Cambodia
  • Revenue in the Infrastructure as a Service market is projected to reach US$29.17m 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 24.34%, resulting in a market volume of US$86.70m 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 Public Cloud Market in Cambodia is experiencing considerable growth, driven by factors such as increasing adoption of Infrastructure as a Service, rising awareness of digital technologies, and the convenience of online services. This growth is impacted by the country's growing economy and government initiatives to promote digitalization in various industries.

Customer preferences:
There is a growing demand for Infrastructure as a Service (IaaS) solutions in Cambodia, as businesses and organizations look towards the public cloud to improve their IT infrastructure and operations. This trend is driven by the country's growing tech-savvy population and the increasing digitalization of businesses. Additionally, the need for cost-effective and scalable solutions is also pushing companies towards IaaS. With the rise of e-commerce and online services, the demand for a robust and reliable public cloud infrastructure is only expected to grow.

Trends in the market:
In Cambodia, there is a growing trend towards the adoption of Infrastructure as a Service within the Public Cloud Market. This can be attributed to the increasing demand for cost-effective and scalable solutions for businesses, as well as the government's initiatives to promote digital transformation. Furthermore, there has been a rise in the use of cloud-based solutions in the public sector, such as in education and healthcare, to improve efficiency and accessibility. These trends are expected to continue in the coming years, with more businesses and organizations turning to Infrastructure as a Service for their IT needs. This has significant implications for stakeholders in the industry, as it presents opportunities for growth and innovation, but also poses challenges in terms of data security and regulatory compliance. Therefore, it is crucial for industry players to stay abreast of these evolving trends and adapt their strategies accordingly.

Local special circumstances:
In Cambodia, the Infrastructure as a Service Market within the Public Cloud Market is emerging due to the country's rapid economic growth and increasing digital transformation. The government's efforts to promote e-governance and digitization of public services are driving the demand for cloud-based solutions. Additionally, the country's favorable business environment and low labor costs make it an attractive destination for foreign investments in the cloud industry. However, limited internet infrastructure and low digital literacy levels pose challenges for market growth.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Cambodia is heavily impacted by macroeconomic factors such as national economic health, global economic trends, fiscal policies, and other relevant financial indicators. As the country continues to experience steady economic growth, with a focus on modernizing its infrastructure, there is a growing need for advanced cloud solutions to support this development. Additionally, favorable government policies and investments in digital infrastructure are spurring the adoption of public cloud services, creating opportunities for the growth of the Infrastructure as a Service Market within the Public Cloud Market in Cambodia. However, challenges such as limited internet penetration and high data costs may hinder market growth in the short term.

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