Infrastructure as a Service - Kuwait

Revenue in the Infrastructure as a Service market is projected to reach US$50.42m in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.36%, resulting in a market volume of US$117.10m by 2029.
In global comparison, most revenue will be generated United States (US$77.05bn in 2024).

Definition:

Infrastructure as a Service (IaaS) refers to the type of public cloud service that provides virtualized computing resources. IaaS offers on-demand access to virtual machines, storage, and networking components, thus allowing users to build, deploy, and manage IT infrastructure without the need to invest in physical hardware. IaaS offers scalability, flexibility, and cost-efficiency by requiring users to pay only for the resources they consume. The IaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Amazon Web Services (AWS). AWS provides a wide range of virtual machines, storage, and networking resources that users can access on demand to build and manage their IT infrastructures.

Additional Information:

The Infrastructure as a Service (IaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the IaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Server capabilities, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Computing resources, such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, and Google Compute Engine (GCE)
Storage resources, such as Amazon Elastic Block Store (EBS), Azure Blob Storage, and Google Cloud
Network capabilities, such as Google Cloud Interconnect and Alibaba Cloud Express Connect

Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite
Desktop-as-a-Service (DaaS), such as Amazon WorkSpaces, Microsoft Windows Virtual Desktop, VMware Horizon Cloud, and Citrix Virtual Apps and Desktops
Platform-as-a-Service (PaaS), such as Heroku, AWS Elastic Beanstalk, Google App Engine, Microsoft Azure App Service, and IBM Cloud Foundry
Software-as-a-Service (SaaS), such as Google Workspace, Microsoft 365, Salesforce, Zoom, and Slack
System infrastructure software, such as Microsoft Windows Server, Linux distributions, VMware for virtualization, and Cisco’s networking software
Private cloud services, such as IBM Cloud Private, Microsoft Azure Stack HCI, and VMware vCloud Suite

The Infrastructure as a Service Market in Kuwait is rapidly growing due to the country's increasing adoption of digital technologies and rising awareness about the benefits of online services. This market is experiencing an average growth rate, impacted by factors such as government initiatives and the growing demand for efficient and cost-effective cloud services.

Customer preferences: With the increasing adoption of cloud computing in Kuwait, there has been a notable shift towards Infrastructure as a Service (IaaS) within the Public Cloud Market. This is driven by the growing demand for scalable and cost-effective solutions, particularly among small and medium-sized enterprises. Additionally, there has been a cultural shift towards embracing technology and automation, leading to the rise of various cloud-based services. This trend is expected to continue as businesses and consumers alike prioritize flexibility and convenience in their digital operations.

Trends in the market: In Kuwait, the Infrastructure as a Service market within the Public Cloud Market is experiencing a shift towards hybrid cloud solutions, with companies adopting a combination of public and private cloud services. This trend is driven by the need for greater flexibility and scalability, as well as cost savings. Additionally, there is a growing focus on data security and compliance, leading to the adoption of advanced cloud security solutions. These trends are significant for industry stakeholders as they offer opportunities for growth and innovation, but also pose challenges in terms of data management and integration. There is also potential for increased competition among cloud service providers in Kuwait to meet the evolving needs of businesses and organizations.

Local special circumstances: In Kuwait, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's strong investment in digital infrastructure and the government's initiatives to promote digital transformation. Additionally, the country's small size and high internet penetration rate make it an ideal market for cloud services. The local culture also plays a role, as Kuwaitis value convenience and efficiency, making cloud-based solutions attractive. Furthermore, the government's regulatory framework is favorable for foreign investment, making it easier for international cloud providers to enter the market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Kuwait is greatly affected by macroeconomic factors such as the country's economic growth, government policies, and investments in infrastructure. The rapid growth of the digital economy in Kuwait has led to a high demand for cloud services, including Infrastructure as a Service. Additionally, the government's initiatives to promote digital transformation and attract foreign investments have created a conducive environment for the growth of the public cloud market. Moreover, the country's strong fiscal policies, stable economic health, and a young population with high digital literacy are further driving the demand for Infrastructure as a Service in the public cloud market.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.