Infrastructure as a Service - Ghana

Revenue in the Infrastructure as a Service market is projected to reach US$77.00m 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 21.32%, resulting in a market volume of US$202.40m 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 Ghana has seen moderate growth within the Public Cloud market, driven by factors like increasing digitalization, growing awareness of the benefits of cloud services, and the convenience they offer. This market is expected to continue its mild growth rate due to the country's developing digital infrastructure and increasing investment in cloud technology.

Customer preferences: As digital transformation continues to accelerate in Ghana, there has been a noticeable shift towards Infrastructure as a Service (IaaS) within the Public Cloud Market. This is driven by an increasing demand for flexible and scalable IT infrastructure, particularly among small and medium-sized enterprises. Additionally, the rise of remote work and virtual collaboration has further fueled the adoption of IaaS, as businesses seek cost-effective and secure solutions for their operations. This trend is expected to continue in the coming years, as the country's digital infrastructure continues to develop and mature.

Trends in the market: In Ghana, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a shift towards hybrid cloud solutions, with organizations utilizing a combination of public and private clouds. This trend is driven by the need for greater flexibility and control over data, as well as cost savings. Additionally, there is a growing demand for cloud-based disaster recovery solutions, as businesses prioritize data protection. These trends have significant implications for industry stakeholders, as they highlight the need for reliable and secure cloud services, as well as the importance of staying competitive in the market by offering a diverse range of cloud solutions.

Local special circumstances: In Ghana, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's lack of reliable electricity and internet connectivity. This has led to a slow adoption of cloud services and a focus on improving infrastructure to support the market. Additionally, cultural norms around data privacy and security play a significant role in consumer trust and adoption of public cloud services. Furthermore, government regulations and policies around data localization have also impacted the development of the public cloud market in Ghana.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Ghana is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the government's focus on promoting digital transformation and the increasing demand for cost-effective and scalable IT solutions in the public sector are driving the growth of the Infrastructure as a Service Market in Ghana. The rise of e-commerce and the increasing adoption of digital services by businesses are also contributing to the growth of the market. These factors, along with the country's stable economic growth and increasing investment in ICT infrastructure, are expected to drive the demand for Infrastructure as a Service solutions in Ghana.

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.