Infrastructure as a Service - Greece

Revenue in the Infrastructure as a Service market is projected to reach US$230.00m 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 18.50%, resulting in a market volume of US$537.40m 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

In Greece, the Public Cloud Market's Infrastructure as a Service sector is experiencing considerable growth, propelled by factors such as the country's increasing reliance on digital technologies, growing awareness of the importance of cloud services, and the convenience and flexibility offered by online infrastructure solutions. This growth is driven by the demand for more efficient and cost-effective IT solutions, as well as the government's push towards digitalization in various industries. As a result, the Infrastructure as a Service Market in Greece is expected to continue its upward trajectory in the coming years.

Customer preferences: As the Greek government continues to prioritize investments in digital infrastructure, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This can be attributed to a growing trend of businesses and organizations seeking cost-effective and flexible IT solutions. Additionally, the rise of remote work and virtual collaboration has further fueled the demand for IaaS, as it enables businesses to operate seamlessly and securely in a remote setting.

Trends in the market: In Greece, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for flexible and scalable cloud solutions. This trend is being driven by the increasing adoption of digital transformation strategies by businesses and the government's push towards a digital economy. Furthermore, the COVID-19 pandemic has accelerated the shift towards cloud-based infrastructure, as organizations seek to enable remote work and digitize their operations. This presents significant opportunities for industry stakeholders, including cloud service providers and technology vendors. However, it also poses challenges in terms of data security and compliance, highlighting the need for robust security measures and regulatory frameworks. As the adoption of cloud infrastructure continues to grow, it is crucial for stakeholders to stay updated on the latest trends and adapt their strategies accordingly to remain competitive in the market.

Local special circumstances: In Greece, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's geographic location, with its proximity to both Europe and the Middle East making it a strategic location for data centers. Additionally, the country's strong focus on promoting digital transformation and cloud adoption, combined with its favorable regulatory environment, has led to a thriving market for Infrastructure as a Service. Furthermore, the country's growing tech-savvy population and increasing investments in the ICT sector have contributed to the development of a robust cloud infrastructure, making Greece a key player in the global Public Cloud Market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Greece is heavily influenced by macroeconomic factors such as the country's economic stability, fiscal policies, and global economic trends. The growth of this market is closely tied to the overall health of the economy and government policies that support investment in technology and infrastructure. Countries with strong economic growth and favorable regulatory environments are experiencing higher adoption of public cloud services, while regions with economic challenges and limited government funding may see slower market growth. Additionally, the increasing demand for digital transformation and the need for cost-effective IT solutions are driving the growth of the Infrastructure as a Service Market within the Public Cloud Market in Greece.

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.