Infrastructure as a Service - Ivory Coast

  • Ivory Coast
  • Revenue in the Infrastructure as a Service market is projected to reach US$44.86m 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 24.22%, resulting in a market volume of US$132.70m 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 Ivory Coast is seeing substantial growth in the Public Cloud Market, driven by factors such as increasing digitalization, growing awareness of cloud technology, and the convenience of online services. This market growth is influenced by the country's efforts to modernize and improve its technological infrastructure, as well as the rising demand for efficient and cost-effective cloud solutions.

Customer preferences:
As the demand for flexible and scalable computing solutions rises, businesses in Ivory Coast are increasingly turning to Infrastructure as a Service (IaaS) options within the Public Cloud Market. This trend is driven by the need for cost-effective and efficient IT infrastructure, as well as the shift towards remote work and digital operations. Additionally, the rise of e-commerce and digital payments in the country has also contributed to the growth of the IaaS market.

Trends in the market:
In Ivory Coast, 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 organizations. This trend is expected to continue as more companies shift towards cloud-based solutions to enhance their operations and reduce costs. Additionally, the government's initiatives to improve internet infrastructure and promote digitalization are further driving the growth of the market. This presents significant opportunities for industry stakeholders, including cloud service providers and technology companies, to tap into the market potential and expand their offerings. However, challenges such as data privacy and security concerns and lack of skilled workforce may hinder the market's growth trajectory. Thus, it is crucial for industry players to address these issues and adapt to the evolving market trends to stay competitive.

Local special circumstances:
In Ivory Coast, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's limited physical infrastructure and low internet penetration rate. These factors have led to a slower adoption rate of cloud services compared to other markets. Additionally, the country's regulatory framework for data protection and privacy is still developing, which may affect the growth of the market. However, the government's efforts to improve the country's digital infrastructure and promote the use of technology in various sectors are expected to drive the growth of the Infrastructure as a Service Market in Ivory Coast.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Ivory Coast is impacted by various macroeconomic factors, including the country's economic stability, government policies, and global economic trends. With a stable political climate and a growing economy, Ivory Coast is witnessing a rise in demand for public cloud services, including Infrastructure as a Service. Moreover, the government's efforts to improve digital infrastructure and promote digitalization in the country are further driving the growth of the market. Additionally, the increasing adoption of cloud-based solutions by businesses and the growing trend of digital transformation are contributing to the market's growth, making Ivory Coast a favorable destination for Infrastructure as a Service providers.

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