Infrastructure as a Service - Croatia

Revenue in the Infrastructure as a Service market is projected to reach US$62.92m 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 20.97%, resulting in a market volume of US$163.00m 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 within the Public Cloud Market in Croatia is experiencing considerable growth, driven by factors such as increasing demand for digital solutions, growing awareness of the benefits of online services, and the convenience of using cloud-based infrastructure. This market growth is mainly impacted by the country's push towards digitization and the need for efficient and cost-effective IT solutions.

Customer preferences: As more businesses in Croatia embrace the Infrastructure as a Service model, consumer preferences are shifting towards cost-effective and scalable solutions. This is driven by the need for flexibility and agility in a rapidly evolving market. Additionally, the rise of remote work and the need for secure data storage and management has led to an increased demand for cloud-based services. Cultural values of efficiency and adaptability are also contributing to the growth of the Public Cloud Market in Croatia.

Trends in the market: In Croatia, the Infrastructure as a Service market within the Public Cloud Market is seeing a notable increase in demand for hybrid cloud solutions, as organizations seek to balance cost-effectiveness with data control. This trend is expected to continue, as hybrid cloud adoption is predicted to grow at a CAGR of 17.5% between 2021 and 2026. As a result, industry stakeholders must prioritize offering hybrid cloud solutions and invest in technologies that enable seamless integration between public and private clouds. Failure to do so may result in losing market share to competitors and hindering business growth in the long run.

Local special circumstances: In Croatia, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's geographical location and its status as a member of the European Union. As a result, there is a strong focus on data privacy and security, with strict regulations in place to protect personal information. Additionally, the country's small size and relatively low population density create a unique market dynamic, with a strong emphasis on cost-effective and efficient solutions. This has led to a growing demand for Infrastructure as a Service offerings, as businesses seek to leverage the benefits of the public cloud while complying with local regulations.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Croatia is influenced by various macroeconomic factors such as economic stability, government policies, and technological advancements. With the country's stable economic growth and favorable business environment, the market for IaaS is expected to witness significant growth. Additionally, increased investments in digital infrastructure and government initiatives to promote cloud adoption are further propelling the market. The rising demand for cost-effective and scalable solutions, along with the growing reliance on digital technologies, is also driving the demand for IaaS in the country.

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.