Infrastructure as a Service - Guatemala

Revenue in the Infrastructure as a Service market is projected to reach US$70.78m 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 23.05%, resulting in a market volume of US$199.70m 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 the Public Cloud market of Guatemala has been rapidly growing, fueled by factors like the increasing use of digital technologies, growing health consciousness among consumers, and the convenience of online health services. This considerable growth rate is driven by the rising demand for cloud computing services and the government's initiatives to promote digitalization in the healthcare sector.

Customer preferences: As cloud adoption continues to grow in Guatemala, there is a noticeable shift towards Infrastructure as a Service within the Public Cloud Market. This is driven by the desire for more cost-effective and scalable IT solutions, as well as the need for improved data security measures. Additionally, with the rise of remote work and virtual collaboration, businesses are increasingly relying on cloud-based infrastructure to support their operations. This trend is expected to continue as the country's digital landscape evolves and businesses prioritize agility and efficiency.

Trends in the market: In Guatemala, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of digital transformation strategies by businesses. This trend is expected to continue as more companies shift towards cloud-based solutions for their IT infrastructure needs. Additionally, there is a growing trend of using public cloud services for disaster recovery and backup, as well as for data and application hosting. These developments are significant as they offer cost-efficiency and scalability for businesses, while also driving competition among cloud service providers in the region. Industry stakeholders can expect to see continued growth in the Infrastructure as a Service Market, with potential implications including the need to innovate and offer specialized services to stand out in the market.

Local special circumstances: In Guatemala, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the government's efforts to improve the country's digital infrastructure. The lack of reliable physical infrastructure has led to a higher demand for cloud-based solutions. Additionally, the culture of entrepreneurship and innovation has contributed to the growth of the market, with local companies leveraging cloud services to scale their businesses. Moreover, the country's location also makes it an attractive market for disaster recovery services, as it is not prone to natural disasters like hurricanes.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Guatemala 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 increasing demand for digital solutions to improve access and efficiency in various industries, such as healthcare and finance, is driving the growth of the market. The country's overall economic health and policies also play a significant role in shaping the market, as stable and growing economies tend to have a more favorable business environment for the adoption of cloud services.

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.