Infrastructure as a Service - Ghana

  • Ghana
  • Revenue in the Infrastructure as a Service market is projected to reach US$80.22m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.25%, resulting in a market volume of US$210.20m by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$5.31 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 Public Cloud market in Ghana has seen mild growth, influenced by factors such as the country's increasing adoption of digital technologies, growing awareness about the importance of digital health, and the convenience of online health services.

Customer preferences:
As the digitalization of businesses and organizations continues to accelerate in Ghana, there has been a growing demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is driven by the need for cost-effective and scalable IT solutions, as well as the increasing availability of reliable internet connectivity. Moreover, the country's young and tech-savvy population is also contributing to the adoption of IaaS, as they prioritize flexibility and efficiency in their work processes.

Trends in the market:
In Ghana, the Infrastructure as a Service market within the Public Cloud Market is experiencing a growing trend of digital transformation, with businesses and government agencies increasingly turning to cloud-based solutions for their IT infrastructure needs. This trend is driven by the need for cost-effective and scalable solutions, as well as the rise in demand for remote work capabilities. As a result, there is a significant increase in the adoption of cloud-based services, such as virtual desktops and storage, which allow for easier access to data and collaboration among team members. This trend is expected to continue in the coming years, with implications for industry stakeholders such as cloud service providers and IT infrastructure companies. They will need to adapt to this shift and provide innovative solutions to meet the evolving needs of businesses and government agencies in Ghana.

Local special circumstances:
In Ghana, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's unique regulatory environment. The government's push for digital transformation has led to the growth of cloud adoption, but strict data privacy laws and limited internet connectivity pose challenges for service providers. Additionally, Ghana's geography, with its rural areas and urban centers, presents different infrastructure needs and internet usage patterns, influencing the demand for IaaS solutions. These local factors create a dynamic market landscape, with opportunities for innovative solutions tailored to Ghana's specific needs.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Ghana is heavily influenced by macroeconomic factors such as government support for digital infrastructure, technological advancements, and overall economic stability. With the increasing adoption of cloud computing and the rise of digital transformation initiatives, the demand for Infrastructure as a Service is expected to grow in Ghana. Additionally, the country's rapid economic growth and increasing investments in information and communication technology are also contributing to the growth of the Public Cloud Market, making it a lucrative market for Infrastructure as a Service providers. Moreover, the government's efforts to improve the country's digital infrastructure and promote a favorable regulatory environment are further driving the market's growth. These factors, coupled with the rising demand for cost-effective and scalable cloud solutions, are expected to fuel the growth of the Infrastructure as a Service Market within the Public Cloud Market in Ghana.

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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