Infrastructure as a Service - Israel

  • Israel
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.60bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.21%, resulting in a market volume of US$1.57bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Infrastructure as a Service market in Israel is witnessing steady growth in the Public Cloud market, driven by factors such as increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience offered. This growth is expected to continue at an average rate, influenced by factors like government initiatives, technological advancements, and the need for cost-effective solutions.

Customer preferences:
There has been a noticeable increase in the demand for Infrastructure as a Service (IaaS) solutions in the public cloud market in Israel. This trend is driven by the growing preference for cost-effective and scalable IT infrastructure solutions. Additionally, the rise in remote working and the need for secure and reliable data storage and management has further boosted the demand for IaaS solutions among businesses and organizations. This shift towards cloud-based infrastructure is also influenced by the country's tech-savvy population and its strong culture of innovation and adoption of new technologies.

Trends in the market:
In Israel, there is a growing trend towards using Infrastructure as a Service (IaaS) in the Public Cloud Market, with more businesses opting for cloud infrastructure over traditional on-premise solutions. This trend is fueled by the increasing demand for scalability, cost-effectiveness, and agility in the rapidly evolving business landscape. As a result, IaaS providers are experiencing a surge in demand for their services, leading to a highly competitive market. This trend is expected to continue, with industry experts predicting a significant growth in the adoption of IaaS in the coming years. This has significant implications for industry stakeholders, as it means that businesses will need to adapt and invest in cloud infrastructure to remain competitive in the market. Additionally, it also presents opportunities for IaaS providers to differentiate themselves and offer innovative solutions to meet the evolving needs of businesses.

Local special circumstances:
In Israel, the Infrastructure as a Service Market within the Public Cloud Market is thriving due to the country's highly advanced technology sector and well-developed IT infrastructure. Additionally, Israel's strong focus on innovation and entrepreneurship has led to a high demand for cloud services, particularly among startups and small businesses. The country's strict data privacy regulations, coupled with its strategic location between Europe and Asia, make it an attractive market for international cloud providers.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Israel is also influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Israel's strong economy and government initiatives to promote digital transformation have created a favorable environment for the growth of the public cloud market. Additionally, the country's high-tech sector and skilled workforce have attracted significant investments from international players, driving the demand for public cloud services. Moreover, the increasing adoption of cloud-based solutions by Israeli businesses to enhance efficiency and reduce costs is further fueling market growth.

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
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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