Infrastructure as a Service - Gambia

  • Gambia
  • Revenue in the Infrastructure as a Service market is projected to reach US$2.04m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.68%, resulting in a market volume of US$5.67m by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$1.99 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 the Public Cloud Market in Gambia is experiencing substantial growth, driven by factors like increasing adoption of digital technologies, growing awareness of health services, and the convenience of online options. This growth rate is impacted by the country's increasing reliance on technology and the need for efficient and cost-effective solutions in the healthcare sector.

Customer preferences:
As the public cloud market in Gambia continues to expand, there has been a noticeable increase in the adoption of Infrastructure as a Service (IaaS) solutions. This can be attributed to the growing demand for cost-effective and scalable computing resources among businesses in the country. Additionally, with the rise of remote work and virtual collaboration, there is a growing need for flexible and efficient cloud infrastructure, further driving the demand for IaaS in the public cloud market.

Trends in the market:
In Gambia, there is a growing demand for Infrastructure as a Service (IaaS) solutions within the Public Cloud Market. This is driven by the increasing adoption of cloud computing services by businesses and organizations. As a result, there is a trend towards the use of hybrid cloud solutions, where organizations combine public cloud services with their existing on-premises infrastructure. This trend is significant as it allows for greater flexibility and scalability, while also reducing costs. However, it also raises concerns about data security and compliance. As a result, there is a growing need for robust security measures and compliance frameworks within the IaaS market, which presents opportunities for industry stakeholders to provide innovative solutions.

Local special circumstances:
In Gambia, the Infrastructure as a Service Market within the Public Cloud Market is driven by the country's limited physical infrastructure and high demand for digital solutions. The government's efforts to improve internet connectivity and promote digital transformation have also contributed to the market's growth. Additionally, the cultural emphasis on communal living and sharing resources has led to the popularity of cost-effective cloud services among small and medium-sized enterprises. These unique factors differentiate the Gambian market from others and play a significant role in shaping its dynamics.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Gambia is heavily influenced by macroeconomic factors such as government investments in digital infrastructure, regulatory support for cloud computing, and overall economic stability. Countries with favorable regulatory environments and strong investments in digital infrastructure are experiencing faster market growth compared to regions with limited regulatory support and underdeveloped digital infrastructure. Additionally, the increasing demand for cost-effective and flexible IT solutions, coupled with the growing adoption of cloud-based services, is driving the demand for Infrastructure as a Service in Gambia and other emerging economies. This trend is expected to continue as global economic trends and national economic health continue to support the growth of the Public Cloud 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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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