Infrastructure as a Service - Jordan

  • Jordan
  • Revenue in the 0 market in Jordan is projected to reach US$48.38m in 2024.
  • Infrastructure as a Service market is expected to dominate the market in Jordan with a projected market volume of 0 in 2024.
  • Revenue in Jordan is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 21.23%, which will result in a market volume of US$126.70m by 2029.
  • In global comparison, most revenue will be generated the United States, with a forecast of US$77,050.00m in 2024.
  • Jordan's Infrastructure as a Service market is increasingly attracting investment due to its strategic location and growing demand for digital transformation initiatives.

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

 
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Analyst Opinion

The Infrastructure as a Service market in the Public Cloud Market in Jordan is experiencing considerable growth, driven by factors such as increasing adoption of cloud technologies, rising demand for efficient and scalable IT infrastructure, and the convenience offered by cloud-based services. This growth rate is impacted by the government's initiatives to promote digital transformation and the growing number of small and medium enterprises utilizing cloud services for cost-effective solutions.

Customer preferences:
As more businesses and government agencies in Jordan turn to Infrastructure as a Service within the Public Cloud Market, there is a growing demand for secure and reliable cloud solutions. This trend is driven by the country's focus on digital transformation and its push towards a more technology-driven economy. Additionally, the increasing adoption of cloud-based services is also influenced by the growing Millennial and Gen Z population, who are more comfortable with digital platforms and prioritize convenience and flexibility in their daily lives.

Trends in the market:
In Jordan, there is a notable increase in government initiatives to promote the adoption of cloud computing, including Infrastructure as a Service, in the public sector. This is driven by the need to modernize and improve the efficiency of government services. Additionally, there is a growing trend of local businesses and organizations leveraging public cloud services, including Infrastructure as a Service, to support their operations and reduce costs. This trajectory is expected to continue, with the government's push for digital transformation and the increasing demand for cloud services in the private sector. This trend is significant as it highlights the country's growing digital landscape and presents opportunities for industry stakeholders, such as cloud service providers and local businesses, to tap into this market. However, there may also be potential implications for traditional IT service providers, as the shift towards public cloud services may lead to a decrease in demand for on-premises infrastructure and services.

Local special circumstances:
In Jordan, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's unique geographic location in the Middle East. This has led to a strong focus on security and data privacy, as well as the adoption of cloud services for government and military purposes. Additionally, the country's regulatory environment, which includes strict data sovereignty laws, has shaped the market's growth and adoption. Furthermore, the culture of innovation and entrepreneurship in Jordan has fostered the development of local cloud service providers, adding to the diversity of options for businesses and organizations looking to leverage the public cloud.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Jordan is greatly impacted by macroeconomic factors such as the country's economic health, government policies, and global economic trends. The growth of this market is closely tied to the overall economic stability of Jordan, as well as its fiscal policies and investment in infrastructure. Additionally, the country's increasing adoption of digital technologies and initiatives to promote digital transformation in various industries are also contributing to the growth of the Infrastructure as a Service Market within the Public Cloud Market. Furthermore, Jordan's strategic location and its efforts to become a regional hub for technology and innovation are attracting foreign investments and driving 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
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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