Infrastructure as a Service - Colombia

  • Colombia
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.54bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.64%, resulting in a market volume of US$1.38bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$20.67 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

 
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Analyst Opinion

The Infrastructure as a Service market in Colombia is experiencing average growth due to the increasing adoption of digital technologies and rising health awareness among consumers. Online health services are also contributing to this growth.

Customer preferences:
As businesses in Colombia continue to embrace cloud computing, there is a growing trend towards Infrastructure as a Service (IaaS) solutions. This is driven by the need for scalable and cost-effective IT infrastructure, as well as the desire for improved data security and access to advanced technologies. Additionally, the rise of remote work and virtual collaboration has accelerated the adoption of IaaS, with businesses looking for reliable and flexible cloud-based solutions to support their operations.

Trends in the market:
In Colombia, the Public Cloud market is seeing a surge in demand for Infrastructure as a Service (IaaS) solutions, driven by the increasing need for flexible and scalable IT infrastructure. This trend is expected to continue as more businesses in the country adopt cloud technology to optimize their operations and reduce costs. Additionally, there is a growing emphasis on data security and compliance, leading to a rise in the use of IaaS for secure storage and management of sensitive information. These trends have significant implications for industry stakeholders, as they will need to adapt to the evolving market landscape and invest in innovative IaaS solutions to stay competitive.

Local special circumstances:
In Colombia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing growth due to the country's fast-growing digital economy and increasing adoption of cloud technology. This is driven by favorable government policies and initiatives to promote digital transformation and modernize the country's IT infrastructure. Additionally, the country's strategic geographic location and its proximity to major markets like the US and Brazil make it an attractive destination for cloud service providers. However, limited internet connectivity and concerns over data privacy and security remain challenges for market growth.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Colombia is strongly influenced by macroeconomic factors such as government investments in digital infrastructure, favorable regulatory policies, and the overall economic health of the country. With a growing demand for cloud computing services, Colombia's government has prioritized investments in digital infrastructure, including data centers and high-speed internet connectivity, to support the growth of the public cloud market. Additionally, the country's stable economic growth and favorable fiscal policies have created a conducive environment for companies to adopt cloud-based solutions, leading to the expansion of the Infrastructure as a Service Market within the Public Cloud Market in Colombia. These factors, coupled with the government's efforts to promote digital transformation in various industries, are expected to drive the growth of the market in the coming years.

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
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