Infrastructure as a Service - Italy

Italy

In Italy, revenue in the 0 market is projected to reach US$2.93bn in 2024.
The Infrastructure as a Service market dominates the market in Italy with a projected market volume of 0 in 2024.
Revenue in this sector is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 18.41%, leading to a market volume of US$6.82bn by 2029.
In a global context, the majority of revenue will be generated the United States, which is anticipated to reach US$77,050.00m in 2024.
Italy's Infrastructure as a Service market is increasingly driven by government initiatives promoting digital transformation and cloud adoption among businesses and public institutions.

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

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Analyst Opinion

The Infrastructure as a Service (IaaS) market in Italy is experiencing steady growth in the Public Cloud market, driven by factors such as increasing demand for digital technologies, growing awareness of health, and the convenience of online services. This average growth rate is impacted by the country's strong digital infrastructure and the increasing adoption of cloud computing solutions by businesses and organizations.

Customer preferences: As more businesses in Italy turn to Infrastructure as a Service solutions within the Public Cloud Market, there is a growing demand for secure and reliable cloud infrastructure. This trend is influenced by the country's emphasis on data privacy and security, as well as the increasing adoption of digital solutions in the wake of the COVID-19 pandemic. Additionally, there is a shift towards utilizing cloud-based services for remote work and collaboration, reflecting a changing work culture and lifestyle.

Trends in the market: In Italy, the Infrastructure as a Service market within the Public Cloud market is experiencing a trend towards increased adoption of hybrid cloud solutions. This allows organizations to combine the benefits of both public and private cloud environments, providing greater flexibility and cost-effectiveness. Additionally, there is a growing focus on data security and privacy, leading to a rise in demand for cloud-based security solutions. These trends are significant as they offer organizations the opportunity to optimize their IT infrastructure while also addressing concerns around data protection. Industry stakeholders must adapt to these trends to stay competitive and meet the evolving needs of their customers.

Local special circumstances: In Italy, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's strong focus on data privacy and security. This is due to strict regulatory laws, such as the General Data Protection Regulation (GDPR), which has led to a higher demand for secure cloud solutions. Additionally, Italy's geographical location and historical influence in the European market make it a strategic location for data centers, further boosting the growth of the Infrastructure as a Service Market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Italy is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. As Italy is a major player in the European economy, its market performance is closely tied to the overall economic health of the region. Government initiatives aimed at promoting digital transformation and improving IT infrastructure have created a favorable environment for the growth of the public cloud market in Italy. Furthermore, the growing demand for cost-effective and scalable IT solutions from various industries in the country is driving the adoption of Infrastructure as a Service, leading to 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.