Infrastructure as a Service - Kenya

  • Kenya
  • Revenue in the Infrastructure as a Service market is projected to reach US$274.70m 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 22.29%, resulting in a market volume of US$751.20m 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 Kenya's Public Cloud market is showing steady growth, driven by the country's increasing adoption of digital technologies and rising awareness of the benefits of online services. The market's average growth rate is impacted by factors such as the country's improving digital infrastructure and the growing demand for cost-effective cloud solutions.

Customer preferences:
The demand for Infrastructure as a Service (IaaS) in the Public Cloud Market in Kenya is being driven by the country's rapid digital transformation and the need for more efficient and cost-effective IT solutions. As consumers become more tech-savvy and businesses adapt to remote working, there is a growing preference for cloud-based infrastructure over traditional on-premise systems. This trend is also fueled by the government's efforts to improve internet connectivity and promote digital inclusion, making IaaS an attractive option for both individuals and businesses.

Trends in the market:
In Kenya, the Infrastructure as a Service market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, particularly in the government sector. This trend is driven by the Kenyan government's efforts to digitize and modernize public services, resulting in increased adoption of cloud-based services for data storage and management. Additionally, there is a growing trend of using cloud-based solutions in the private sector, with businesses leveraging the scalability, cost-effectiveness, and flexibility of Infrastructure as a Service offerings. This trajectory is significant for industry stakeholders as it presents new opportunities for market growth and expansion. However, it also poses challenges in terms of security, data privacy, and regulatory compliance. As such, industry players must prioritize addressing these concerns to fully capitalize on the potential of the Infrastructure as a Service market within the Public Cloud Market in Kenya.

Local special circumstances:
In Kenya, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's growing tech-savvy population and increasing internet penetration rates. Additionally, Kenya's strategic location as a gateway to East Africa makes it a hub for international businesses, further driving the demand for cloud services. However, the market is also impacted by the country's complex regulatory environment, which poses challenges for foreign cloud service providers.

Underlying macroeconomic factors:
The growth of the Infrastructure as a Service Market within the Public Cloud Market in Kenya is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for digital solutions to improve business efficiency and reduce costs is driving the adoption of Infrastructure as a Service in the public cloud market.

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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