Infrastructure as a Service - Iran

Iran

Revenue in the Infrastructure as a Service market is projected to reach US$1.13bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.55%, resulting in a market volume of US$2.76bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$37.70 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

Market

Region

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Currency

Analyst Opinion

The Infrastructure as a Service market in the Public Cloud Market of Iran is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies and rising demand for online health services. This growth rate is impacted by the country's growing economy and government initiatives to promote digitalization in the healthcare sector.

Customer preferences: As more businesses in Iran turn to cloud computing solutions, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is largely driven by the need for cost-effective and flexible IT infrastructure, as well as the growing adoption of digital transformation strategies. Additionally, the rise of remote work and the need for secure and reliable data storage have further fueled the demand for IaaS.

Trends in the market: In Iran, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based services, driven by the increasing adoption of digital transformation strategies by businesses and government agencies. This trend is expected to continue in the coming years, with a focus on cost savings, scalability, and flexibility. Additionally, the emergence of 5G technology is expected to further accelerate this trend, allowing for faster and more reliable cloud-based services. This presents significant opportunities for industry stakeholders, including cloud service providers, as well as potential implications for traditional IT infrastructure providers. As more organizations shift towards cloud-based solutions, there may be a decline in demand for on-premises infrastructure, leading to potential challenges for traditional infrastructure vendors. It is crucial for industry stakeholders to adapt to these changing trends and invest in innovative solutions to stay relevant in the evolving market.

Local special circumstances: In Iran, the Infrastructure as a Service Market within the Public Cloud Market is hindered by the country's strict regulations on internet usage and data privacy. This creates challenges for international cloud providers looking to enter the market, as they must navigate complex requirements and obtain local partnerships. Additionally, Iran's geographical location and limited access to international markets may also impact the availability and speed of cloud services, creating unique challenges for both providers and users.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Iran is heavily impacted by macroeconomic factors such as overall economic stability, government policies, and investment in technological infrastructure. Countries with strong economic performance and favorable policies for technology adoption are experiencing faster growth in the public cloud market, including the Infrastructure as a Service segment. Furthermore, the increasing demand for cost-effective and scalable IT solutions, coupled with the rise of digital transformation initiatives in both the public and private sectors, is driving the growth of the Infrastructure as a Service Market in Iran.

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.