Infrastructure as a Service - Malaysia

Malaysia

In Malaysia, revenue in the 0 market is projected to reach US$0.61bn in 2024.
The Infrastructure as a Service market dominates the market within the country, with a projected market volume of 0 in 2024.
Revenue in Malaysia is expected to show an annual growth rate (CAGR 2024-2029) of 22.46%, leading to a market volume of US$1.68bn by 2029.
In a global context, most revenue will be generated the United States, totaling US$77,050.00m in 2024.
Malaysia's Infrastructure as a Service in the Public Cloud market is witnessing significant growth, driven by increased digital transformation initiatives across various sectors.

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 Malaysia is experiencing considerable growth, driven by factors such as increasing demand for digital solutions, growing awareness of the benefits of cloud services, and the convenience of online infrastructure solutions. This growth rate is being impacted by the country's rapidly developing digital landscape and the increasing adoption of cloud-based technologies by businesses and government agencies.

Customer preferences: As the demand for flexible and scalable cloud solutions continues to rise, businesses in Malaysia are increasingly turning to Infrastructure as a Service (IaaS) offerings within the Public Cloud Market. This trend is driven by the need for cost-effective and efficient IT infrastructure, as well as the desire to leverage advanced technologies such as AI and IoT. Additionally, the rise of remote work and the need for remote collaboration and data sharing has also contributed to the growth of the IaaS market in Malaysia.

Trends in the market: In Malaysia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as more businesses are adopting a multi-cloud approach to maximize cost efficiency and flexibility. Additionally, there is a growing trend of using artificial intelligence and machine learning in cloud computing to enhance data analysis and decision-making processes. These trends indicate a shift towards a more integrated and intelligent cloud ecosystem, with potential implications for industry stakeholders such as increased competition and the need for upskilling in emerging technologies.

Local special circumstances: In Malaysia, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's push towards becoming a digital economy. The government's initiatives such as the National Fiberisation and Connectivity Plan (NFCP) and the Digital Free Trade Zone (DFTZ) have led to a rapid growth in cloud adoption. Additionally, the country's diverse cultural landscape and its strategic location in Southeast Asia make it an ideal hub for cloud service providers to cater to the regional market.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Malaysia is significantly influenced by macroeconomic factors such as economic stability, government policies, and technological advancements. The country's strong economic growth and stable political environment have created a conducive market for cloud services, driving the demand for Infrastructure as a Service. Additionally, the government's initiatives to promote digital transformation and increase investment in information and communication technology (ICT) infrastructure have also contributed to the growth of the Public Cloud Market. Furthermore, the increasing adoption of cloud-based solutions by businesses to improve efficiency and reduce costs is expected to further drive market growth in Malaysia.

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.