Infrastructure as a Service - Eastern Africa

Eastern Africa

Revenue in the Infrastructure as a Service market is projected to reach US$0.64bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 24.05%, resulting in a market volume of US$1.88bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$2.84 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 Eastern Africa is experiencing considerable growth within the Public Cloud Market. This growth is driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience it offers for businesses in the region.

Customer preferences: As technology infrastructure continues to develop in Eastern Africa, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud market. This trend can be attributed to the growing number of businesses and organizations in the region that are looking to enhance their digital capabilities and efficiency. Additionally, with the rise in remote work and virtual collaboration, there has been a greater need for scalable and flexible cloud-based solutions, making IaaS a popular choice. This shift towards cloud-based infrastructure is also driven by the region's increasing focus on digital transformation and the adoption of modern technologies.

Trends in the market: In Eastern Africa, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions. This is driven by the rapid adoption of digital technologies and the need for cost-effective and scalable IT infrastructure. Additionally, there is a growing trend of utilizing cloud services for disaster recovery and business continuity purposes. This trend is expected to continue in the coming years, with a projected growth rate of over 15%. For industry stakeholders, this presents a significant opportunity to tap into a burgeoning market, but also highlights the need for robust infrastructure and security measures to support the increasing demand for cloud services.

Local special circumstances: In Eastern Africa, the Infrastructure as a Service Market within the Public Cloud Market is experiencing rapid growth due to the region's increasing internet penetration and the government's push for digital transformation. With a growing population and a strong focus on technology, the demand for cloud services is on the rise. Additionally, the unique geographical and regulatory landscape of Eastern Africa presents challenges and opportunities for market players, such as the need for localized data centers and compliance with data privacy laws.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Eastern Africa is influenced by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. Countries with strong government support and investment in digital infrastructure are experiencing faster market growth compared to regions with limited infrastructure development. Additionally, the growing demand for digital services in various industries, such as finance, healthcare, and education, is driving the growth of the Public Cloud Market in Eastern Africa. The region's economic stability and increasing foreign investment also contribute to the growth of the market.

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.