Key regions: United Kingdom, China, France, Netherlands, Germany
The Infrastructure as a Service market in Eastern Europe is experiencing steady growth due to increasing customer preferences for cloud-based solutions, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Eastern Europe are shifting towards cloud-based solutions, including Infrastructure as a Service (IaaS). This is driven by the need for scalability, cost-effectiveness, and flexibility in IT infrastructure. Many businesses in the region are looking to migrate their on-premises infrastructure to the cloud to reduce costs and improve operational efficiency. Additionally, the growing demand for data storage and processing capabilities is also driving the adoption of IaaS in Eastern Europe. Trends in the market indicate a strong growth trajectory for the IaaS market in Eastern Europe. The region is witnessing an increase in the number of cloud service providers offering IaaS solutions, leading to intense competition in the market. This competition is driving innovation and the development of new features and services, further fueling the growth of the IaaS market. Additionally, there is a growing trend of hybrid cloud adoption in Eastern Europe, where businesses are combining their on-premises infrastructure with cloud-based services to create a more flexible and scalable IT environment. Local special circumstances also contribute to the development of the IaaS market in Eastern Europe. The region has a large pool of skilled IT professionals who are well-versed in cloud technologies, making it easier for businesses to adopt and integrate IaaS solutions. Furthermore, Eastern European countries have been investing in improving their digital infrastructure, including broadband connectivity and data centers, which has created a conducive environment for the growth of the IaaS market. Underlying macroeconomic factors also play a role in the development of the IaaS market in Eastern Europe. The region has been experiencing economic growth and increased foreign direct investment, which has led to the expansion of businesses and the need for scalable IT infrastructure. Additionally, the region's proximity to Western European markets and its lower labor costs make it an attractive destination for businesses looking to outsource their IT infrastructure needs. In conclusion, the Infrastructure as a Service market in Eastern Europe is developing due to customer preferences for cloud-based solutions, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As businesses in the region seek scalability, cost-effectiveness, and flexibility in their IT infrastructure, the demand for IaaS solutions is expected to continue growing in Eastern Europe.
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.
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