Infrastructure as a Service - Dominican Republic

Revenue in the Infrastructure as a Service market is projected to reach US$106.70m 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 23.27%, resulting in a market volume of US$303.60m 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 Public Cloud Market in Dominican Republic is experiencing considerable growth, fueled by factors such as increased adoption of Infrastructure as a Service, growing tech awareness, and the convenience of online services. This trend is driven by the country's efforts to modernize its healthcare infrastructure and improve access to digital health resources for its citizens.

Customer preferences: According to recent trends, businesses in Dominican Republic are increasingly adopting Infrastructure as a Service (IaaS) solutions within the Public Cloud market to improve operational efficiency and reduce costs. This shift is driven by the country's growing digital transformation and the need for scalable and flexible infrastructure. Additionally, the rise of remote work and the need for seamless collaboration has accelerated the adoption of IaaS solutions, allowing businesses to access and manage their resources from anywhere.

Trends in the market: In the Dominican Republic, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a shift towards hybrid cloud solutions, with a combination of public and private cloud services. This trend is driven by the need for flexible and scalable infrastructure, as well as the increasing adoption of digital transformation initiatives. This trajectory is significant as it allows organizations to optimize costs and improve performance, while also addressing data privacy and security concerns. Industry stakeholders, including cloud service providers and enterprises, must adapt to this trend to remain competitive and meet the evolving demands of the market.

Local special circumstances: In Dominican Republic, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's geographical location in the Caribbean region. Due to its proximity to the United States, the market benefits from reliable and high-speed internet connectivity, making it an ideal location for data center operations. Additionally, the country's cultural emphasis on entrepreneurship and innovation has fostered a growing startup scene, leading to an increase in demand for cloud-based services. Moreover, the government's efforts to attract foreign investment and promote digital transformation have created a favorable environment for the growth of the public cloud market, including Infrastructure as a Service offerings.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in the Dominican Republic is heavily influenced by macroeconomic factors. The country's economic health and fiscal policies play a significant role in shaping the market's performance. Additionally, global economic trends, such as the growing adoption of cloud computing and digital transformation, also impact the demand for public cloud services, including Infrastructure as a Service. Furthermore, the government's investment in infrastructure development, particularly in the ICT sector, is a crucial factor in driving the growth of the Public Cloud Market in the Dominican Republic. The country's favorable regulatory environment for foreign investment and its strategic location for data centers also contribute to the market's growth.

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.