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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Public Cloud Market in Malawi has seen a negligible decline, impacted by factors such as lack of infrastructure and limited internet access. Despite this, the market is still experiencing growth, driven by increasing demand for Infrastructure as a Service and the convenience it offers for businesses.
Customer preferences: With the increasing adoption of cloud services in Malawi, there has been a notable shift towards Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is driven by the growing demand for cost-effective and scalable computing solutions, especially among small and medium-sized businesses. Additionally, the rise of digitalization and remote work due to the COVID-19 pandemic has further accelerated the demand for IaaS, as organizations seek flexible and secure infrastructure to support their operations. As a result, there has been a significant increase in the availability and use of IaaS solutions in the market, providing businesses with the necessary tools to meet their evolving needs.
Trends in the market: In Malawi, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand, driven by the government's efforts to modernize and digitize its public services. With a rise in digital transformation initiatives, there is a growing trend towards cloud-based solutions for data storage, networking, and computing. This trend is expected to continue in the coming years, with potential implications for industry stakeholders such as cloud service providers, government agencies, and businesses. It also highlights the importance of investing in robust and reliable cloud infrastructure to support the country's growth and development.
Local special circumstances: In Malawi, the Infrastructure as a Service Market within the Public Cloud Market is still in its nascent stage, with low adoption rates due to limited internet connectivity and low digital literacy. The country's geographical and economic challenges, such as poor infrastructure and limited financial resources, pose barriers to cloud adoption. Additionally, regulatory restrictions on data privacy and security further hinder the growth of the market. These factors contribute to a slower pace of development and adoption of cloud services in Malawi compared to other markets.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Malawi is heavily influenced by macroeconomic factors such as government investments in technological infrastructure and fiscal policies that promote digital transformation. With the global trend towards digitalization, countries with strong economic health and supportive regulatory environments are experiencing faster market growth compared to regions with limited resources and regulatory challenges. Additionally, the increasing demand for cost-effective and scalable IT solutions, driven by the growing population and expanding businesses, is also contributing to the growth of the market in Malawi.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights