Infrastructure as a Service - Eastern Asia

  • Eastern Asia
  • Revenue in the Infrastructure as a Service market is projected to reach US$39.14bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.54%, resulting in a market volume of US$103.80bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Eastern Asian market for Infrastructure as a Service (IaaS) in the Public Cloud is experiencing considerable growth, driven by factors such as increasing demand for digital technologies, growing awareness about health, and the convenience of online health services. These factors have contributed to the rapid growth rate of this market in the region.

Customer preferences:
As more businesses in Eastern Asia adopt cloud-based infrastructure, there is a growing demand for Infrastructure as a Service (IaaS) solutions in the Public Cloud Market. This trend is driven by the need for increased scalability and cost-effectiveness, as well as a shift towards remote work arrangements. Additionally, cultural values such as efficiency and innovation play a significant role in the adoption of IaaS solutions. With the rapid growth of the digital economy in this region, the demand for IaaS is expected to continue to rise.

Trends in the market:
In Eastern Asia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand as organizations shift towards remote work and digital transformation. This trend is expected to continue as businesses prioritize agility and cost-efficiency. Additionally, there is a growing emphasis on data security and privacy, leading to the adoption of cloud-based solutions. These trends have significant implications for industry stakeholders, as they must adapt to the changing landscape and offer innovative solutions to meet the evolving needs of their clients. For instance, cloud service providers may need to invest in robust security measures and expand their service offerings to include advanced analytics and AI capabilities to stay competitive in the market.

Local special circumstances:
In China, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's strict data privacy laws. These regulations require foreign cloud providers to partner with local companies to store and manage data, leading to a rise in domestic cloud providers. Additionally, cultural factors such as the preference for local brands and government support for domestic companies also contribute to the dominance of local players in the market.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Eastern Asia is greatly impacted by macroeconomic factors such as economic growth, government policies, and investment in digital infrastructure. Countries with strong economic growth and favorable government policies are likely to experience faster market growth compared to those with economic challenges and regulatory constraints. Additionally, the increasing digitalization of business processes and the growing demand for cloud-based solutions are driving the growth of the Infrastructure as a Service Market in the region. Furthermore, the rising adoption of advanced technologies, such as artificial intelligence and internet of things, is also contributing to the growth of the market in Eastern Asia. These factors are expected to continue to drive the growth of the Infrastructure as a Service Market within the Public Cloud Market in the region.

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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