Infrastructure as a Service - Estonia

Revenue in the Infrastructure as a Service market is projected to reach US$31.72m 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 21.02%, resulting in a market volume of US$82.34m 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 Infrastructure as a Service market in Estonia has seen remarkable growth in recent years, attributed to factors such as the increasing adoption of cloud technologies, growing demand for cost-effective solutions, and the convenience of accessing services online. This considerable growth rate is being driven by the country's digital transformation initiatives and the increasing need for flexible and scalable IT infrastructure.

Customer preferences: Consumers in Estonia are increasingly gravitating towards Infrastructure as a Service (IaaS) solutions as they offer greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise IT infrastructure. This trend is driven by the growing demand for cloud-based services in various industries, such as e-commerce, finance, and healthcare. Additionally, the country's tech-savvy population and high internet penetration rate further contribute to the adoption of IaaS. As a result, there has been a significant increase in the number of businesses transitioning to the public cloud to leverage the benefits of IaaS.

Trends in the market: In Estonia, the Infrastructure as a Service Market within the Public Cloud Market is seeing an increase in demand for hybrid cloud solutions, as organizations look to combine the benefits of public and private clouds. This trend is driven by the need for flexibility and scalability, as well as cost savings. Additionally, there is a growing focus on data security and compliance, with more businesses turning to cloud providers with advanced security measures in place. These trends are significant as they shape the future of cloud computing in Estonia, with potential implications for industry stakeholders such as cloud service providers and businesses looking to migrate to the cloud.

Local special circumstances: In Estonia, the Infrastructure as a Service Market within the Public Cloud Market market is thriving due to the country's advanced digital infrastructure and tech-savvy population. Its location as a gateway between East and West also makes it an ideal hub for international companies to access the European market. Additionally, the Estonian government's favorable policies and support for innovative technologies have attracted major cloud providers to establish a presence in the country. This unique combination of factors has created a highly competitive and dynamic market for Infrastructure as a Service within the Public Cloud Market in Estonia.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Estonia is greatly influenced by macroeconomic factors such as the country's economic stability, technological advancements, and government policies supporting digital transformation. Countries with a strong economy and favorable policies are experiencing faster growth in the market compared to those facing economic challenges. Additionally, the increasing adoption of cloud-based solutions and the digitalization of various industries are driving the demand for Infrastructure as a Service, as companies seek more cost-effective and efficient ways to manage their IT infrastructure.

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.