Infrastructure as a Service - Costa Rica

Revenue in the Infrastructure as a Service market is projected to reach US$129.50m 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 21.16%, resulting in a market volume of US$338.10m 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

In Costa Rica, the Infrastructure as a Service market within the Public Cloud market is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies and the convenience of online services. This growth rate is impacted by the country's growing tech industry and government initiatives to promote digital transformation in various sectors.

Customer preferences: With the growing demand for cost-effective and scalable solutions, there has been a significant shift towards Infrastructure as a Service (IaaS) offerings within the Public Cloud Market in Costa Rica. This trend is further amplified by the country's increasing focus on digital transformation and modernization of its infrastructure. Additionally, the rise of remote work and the need for seamless and secure access to data has also contributed to the growth of IaaS in the market. As a result, businesses and organizations are increasingly opting for cloud-based infrastructure solutions to enhance their operational efficiency and competitiveness.

Trends in the market: In Costa Rica, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud computing technologies by businesses. This trend is expected to continue as companies seek cost-effective and scalable solutions for their IT infrastructure. Additionally, the government of Costa Rica has been investing in improving the country's telecommunications infrastructure, providing a conducive environment for the growth of the public cloud market. This presents opportunities for cloud service providers to expand their operations in the region and for businesses to leverage the benefits of the cloud for their operations.

Local special circumstances: In Costa Rica, the Infrastructure as a Service Market within the Public Cloud Market has been influenced by the country's strong investment in renewable energy sources, such as hydropower and geothermal energy. This has led to a competitive advantage for cloud service providers, as they can offer more eco-friendly solutions. Additionally, the country's stable political climate and government support for technology infrastructure have created a favorable environment for the growth of the public cloud market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Costa Rica is impacted by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's strong investment in ICT infrastructure and favorable business environment has resulted in a growing demand for public cloud services. Additionally, Costa Rica's stable economic growth, sound fiscal policies, and skilled workforce have attracted foreign investments, further driving the growth of the public cloud market. Moreover, the increasing adoption of digital transformation by businesses and the government's push towards digitalization are also contributing to the growth of the public cloud market in Costa Rica.

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.