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Key regions: United Kingdom, China, France, Netherlands, Germany
The Infrastructure as a Service market in the Public Cloud Market in GCC nan is experiencing average growth due to factors such as increasing demand for digital services, growing awareness about health, and ease of access to online health services.
Customer preferences: As the GCC region continues to prioritize digital transformation, there has been a significant shift towards Infrastructure as a Service (IaaS) within the Public Cloud Market. This can be attributed to the growing demand for cost-effective and scalable IT solutions, as well as the need for enhanced data security and disaster recovery capabilities. Furthermore, with the rise of remote work and virtual collaboration, there has been an increased demand for IaaS solutions that offer seamless integration and efficient remote access to data and applications.
Trends in the market: In the GCC region, there is a growing trend towards the adoption of Infrastructure as a Service (IaaS) within the Public Cloud Market. This is driven by the increasing need for scalable and cost-effective IT solutions, as well as the rise of digital transformation initiatives across industries. Additionally, there is a strong push towards cloud adoption from governments as part of their digitalization efforts. This trend is expected to continue on an upward trajectory, with significant implications for industry stakeholders such as cloud service providers, enterprises, and government bodies. It presents opportunities for providers to expand their offerings and for enterprises to leverage the benefits of IaaS for their operations. However, it also poses challenges in terms of data security, compliance, and vendor lock-in, which must be addressed to ensure sustainable growth in the market.
Local special circumstances: In the GCC region, the Infrastructure as a Service Market within the Public Cloud Market is influenced by several unique local factors. These include the region's high demand for digital transformation, as well as its growing startup ecosystem and government initiatives aimed at promoting digitalization. The region's strict data privacy laws and regulations also play a significant role in shaping the market, as companies must adhere to these laws when using cloud services. Additionally, the GCC's cultural and geographical diversity drives the demand for flexible and scalable cloud solutions that can cater to the region's diverse business needs.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in GCC is heavily impacted by macroeconomic factors such as government investments in digital transformation, technological advancements, and regulatory support for cloud adoption. Countries with strong economic growth and favorable business environments, such as the UAE and Saudi Arabia, are witnessing increased demand for cloud services. Furthermore, the adoption of fiscal policies that promote digitalization, such as tax incentives and subsidies, is driving the growth of the public cloud market in the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)