Infrastructure as a Service - MENA

Revenue in the Infrastructure as a Service market is projected to reach US$4.70bn 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 20.26%, resulting in a market volume of US$11.81bn 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 within the Public Cloud Market in MENA has witnessed substantial growth, fueled by factors like increasing demand for digital services, growing awareness about health, and the convenience offered by online platforms. This growth rate is influenced by advancements in technology, government initiatives, and a surge in investments in the region.

Customer preferences: As digital transformation continues to accelerate in the MENA region, businesses are increasingly turning to Infrastructure as a Service (IaaS) solutions within the Public Cloud Market. This shift is driven by the need for cost-effective and scalable IT infrastructure, as well as the increasing demand for remote work and collaboration tools. Additionally, cultural shifts towards a more tech-savvy population and growing preferences for remote and flexible work arrangements are contributing to the rise of IaaS adoption in the region.

Trends in the market: In MENA, there is a growing trend towards adopting Infrastructure as a Service within the Public Cloud Market, driven by the increasing demand for cost-effective and scalable IT solutions. This trend is expected to continue as more organizations in the region shift towards digital transformation and remote work. The significance of this trend lies in its ability to provide organizations with greater flexibility and agility, enabling them to adapt to changing market conditions and customer demands. This will have a significant impact on industry stakeholders, including cloud service providers, as they will need to continuously innovate and enhance their offerings to meet the evolving needs of their customers. Additionally, this trend is likely to open up new opportunities for smaller players in the market, as they can leverage the infrastructure provided by larger cloud service providers to offer specialized services to niche industries.

Local special circumstances: In the MENA region, the Infrastructure as a Service Market within the Public Cloud Market is driven by the increasing demand for cost-effective and flexible IT solutions. This is primarily due to the region's high concentration of small and medium-sized enterprises (SMEs) and startups. Additionally, the region's limited IT infrastructure and skilled workforce also create opportunities for public cloud adoption. However, varying levels of data privacy and regulations across MENA countries can pose challenges for businesses operating in multiple markets.

Underlying macroeconomic factors: The growth of the Infrastructure as a Service Market within the Public Cloud Market in MENA is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable economic conditions and strong investment in technology are experiencing faster market growth compared to regions with limited resources and weak technological infrastructure. Moreover, the increasing adoption of cloud-based solutions by businesses and governments to improve efficiency and reduce costs is driving the demand for Infrastructure as a Service in the region.

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.