Infrastructure as a Service - Eastern Europe

Eastern Europe

Revenue in the Infrastructure as a Service market is projected to reach US$1.72bn 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 18.27%, resulting in a market volume of US$3.98bn 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

Market

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Region comparison

Currency

Analyst Opinion

The Infrastructure as a Service market in Eastern Europe has been steadily growing, driven by factors such as the increasing adoption of cloud computing, rising demand for cost-effective IT solutions, and the convenience of on-demand infrastructure. This market is expected to continue its average growth rate, with the main impact being the region's focus on digital transformation and modernization.

Customer preferences: With the rapid growth of remote work and online education, there has been a significant increase in demand for cloud-based infrastructure services in Eastern Europe. This trend is driven by the need for reliable and scalable solutions to support virtual collaboration and learning. Additionally, the growing tech-savvy population and rise of e-commerce have also contributed to the surge in demand for Infrastructure as a Service in the Public Cloud market. Companies are now more willing to adopt cloud-based infrastructure to optimize costs and improve the efficiency of their operations.

Trends in the market: In Eastern Europe, the Infrastructure as a Service market within the Public Cloud Market is experiencing a surge in demand due to the growing adoption of cloud computing and digital transformation initiatives. This trend is expected to continue as businesses seek cost-effective and scalable solutions for their IT infrastructure. Additionally, there is a shift towards hybrid and multi-cloud strategies, with companies leveraging a mix of public and private cloud services. This presents opportunities for cloud service providers to offer tailored solutions and drive market growth. However, data security concerns and regulatory challenges may hinder the market's growth potential.

Local special circumstances: In Eastern Europe, the Infrastructure as a Service Market within the Public Cloud Market is experiencing growth due to the region's increasing adoption of digital transformation initiatives. Factors such as lower labor costs and a skilled workforce have made the region an attractive destination for companies looking to outsource their IT infrastructure. Additionally, the region's proximity to Western Europe and its growing technology ecosystem have also contributed to the market's growth. However, regulatory challenges and data privacy concerns continue to pose a challenge for companies operating in this market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Eastern Europe is greatly impacted by macroeconomic factors such as economic stability, government policies, and investments in digital infrastructure. Countries with strong economic growth and supportive policies for digital transformation are experiencing a higher demand for IaaS solutions. On the other hand, countries with weaker economies and limited investments in digital infrastructure are facing challenges in adoption and growth of the IaaS market. Additionally, the increasing adoption of cloud-based solutions in various industries and the need for cost-effective and scalable IT infrastructure are also driving the growth of the IaaS market in Eastern Europe.

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.