Infrastructure as a Service - Kenya

Kenya

Revenue in the Infrastructure as a Service market is projected to reach US$279.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.27%, resulting in a market volume of US$762.80m by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$10.51 in 2024.
In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

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

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Analyst Opinion

The Public Cloud Market in Kenya is experiencing steady growth, fueled by factors like the adoption of digital technologies, rising awareness about health, and the convenience of online health services. The market's average growth is impacted by various factors.

Customer preferences: As technology continues to advance, consumers in Kenya are increasingly turning to Infrastructure as a Service within the Public Cloud Market for their business needs. This trend is driven by the desire for cost-effective and scalable solutions, as well as the need for remote work capabilities. Additionally, the rise of e-commerce and digital transactions in the country has led to a greater demand for secure and reliable cloud infrastructure.

Trends in the market: In Kenya, there is a growing trend towards the adoption of Infrastructure as a Service (IaaS) solutions within the Public Cloud Market. This is driven by the increasing demand for scalable and cost-effective computing resources by businesses and government agencies. As a result, there is a rise in the number of local and international cloud service providers entering the Kenyan market. This trend is expected to continue, with the potential to improve the overall IT infrastructure and drive digital transformation in the country. However, it also presents challenges for industry stakeholders, such as competition and data security concerns. To address these, there is a need for collaboration between government, service providers, and businesses to develop policies and regulations that promote a secure and competitive cloud market. Additionally, there is a need for investments in local infrastructure and skills development to support the growth of the IaaS market in Kenya.

Local special circumstances: In Kenya, the Infrastructure as a Service Market is driven by the country's growing ICT sector and increasing adoption of cloud-based solutions. With a strong focus on digital transformation and government initiatives to modernize the country's infrastructure, there is a high demand for scalable and cost-effective cloud services. Additionally, Kenya's strategic location as an economic hub in East Africa and its favorable regulatory environment make it an attractive market for international cloud providers looking to expand their presence in the region.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Kenya is influenced by various macroeconomic factors. These include the country's economic stability, government policies and regulations, and investment in technology infrastructure. Kenya's favorable regulatory environment and increasing investment in digital technologies have contributed to the growth of the Public Cloud Market. Additionally, the country's growing population and increasing adoption of technology in various industries are driving the demand for Infrastructure as a Service solutions. This trend is expected to continue as Kenya's economy grows and its digital infrastructure advances.

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.