Infrastructure as a Service - Central Asia

Revenue in the Infrastructure as a Service market is projected to reach US$378.80m 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 24.84%, resulting in a market volume of US$1.15bn 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 Infrastructure as a Service Market in Central Asia is seeing substantial growth, driven by factors such as increasing adoption of cloud technology, growing awareness of the benefits of public cloud services, and the convenience of online infrastructure solutions. This growth rate is being impacted by the region's rapidly expanding digital landscape and the increasing demand for cost-effective and scalable cloud solutions.

Customer preferences: As more businesses in Central Asia adopt cloud-based solutions, there is a growing demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This can be attributed to a shift in consumer preferences towards flexible and cost-effective IT infrastructure solutions. With the region's increasing tech-savvy population, businesses are also looking to leverage the benefits of IaaS for scalability and agility, while reducing their overall IT costs. Additionally, the emergence of a digital economy in Central Asia has further fueled the demand for IaaS, as companies seek to streamline their operations and improve efficiency.

Trends in the market: In Central Asia, the Infrastructure as a Service market within the Public Cloud market is experiencing a surge in demand for cloud-based services, driven by the region's growing focus on digital transformation. As a result, there is a rising trend of businesses adopting Infrastructure as a Service solutions to improve efficiency and reduce costs. This trend is expected to continue, with the market projected to grow significantly in the coming years. Industry stakeholders, including cloud service providers, must stay updated and adapt to these trends to remain competitive in this rapidly evolving market. Additionally, there is a potential for increased collaboration between Central Asian countries to develop a robust and interconnected cloud infrastructure, further driving the growth of the Infrastructure as a Service market in the region.

Local special circumstances: In Central Asia, the Infrastructure as a Service Market within the Public Cloud Market is driven by the region's growing technology and digital transformation initiatives. The lack of legacy infrastructure and increasing demand for cloud-based solutions have led to the adoption of IaaS among businesses. Additionally, the region's geographical and cultural diversity has resulted in unique data localization regulations, impacting the growth and operations of public cloud providers. Moreover, the government's focus on developing digital infrastructure, such as high-speed internet and data centers, has further spurred the growth of the IaaS market in Central Asia.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Central Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with strong government policies and investments in digital infrastructure are experiencing faster market growth compared to regions with limited resources and regulatory challenges. The increasing demand for digital solutions to improve business operations and reduce costs is also driving the growth of the Infrastructure as a Service Market in the region. Additionally, the growing adoption of cloud computing and the need for scalable and flexible IT infrastructure in the face of economic uncertainties are also contributing to the market’s expansion.

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.