Infrastructure as a Service - Morocco

Morocco

Revenue in the Infrastructure as a Service market is projected to reach US$179.80m in 2024.
0 dominates the market with a projected market volume of 0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.22%, resulting in a market volume of US$470.70m by 2029.
In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

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

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Analyst Opinion

The Infrastructure as a Service market in Morocco is seeing considerable growth, driven by factors such as the country's increasing adoption of digital technologies and the convenience of online services. This has led to a significant boost in the Public Cloud market, with a considerable growth rate being impacted by these factors.

Customer preferences: As the public cloud market continues to grow in Morocco, there is a noticeable trend towards increased adoption of Infrastructure as a Service (IaaS) solutions. This can be attributed to a shift in consumer preferences towards cost-effective and scalable computing solutions. Additionally, with the rise of remote work and digital transformation efforts, businesses are increasingly turning to IaaS to support their operations and enable agility in a rapidly changing market. This is especially evident among small and medium-sized enterprises, who are looking for affordable and efficient ways to manage their IT infrastructure.

Trends in the market: In Morocco, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the country's increasing digitalization efforts. This trend is expected to continue as businesses and government agencies shift towards cloud-based infrastructures to improve efficiency and reduce costs. Additionally, there is a growing trend towards using artificial intelligence and machine learning technologies in the cloud, providing more advanced capabilities and insights for businesses. These trends have significant implications for industry stakeholders, as they will need to adapt to the changing market landscape and invest in innovative solutions to stay competitive.

Local special circumstances: In Morocco, the Infrastructure as a Service Market within the Public Cloud Market is shaped by the country's strategic location as a gateway between Europe and Africa, as well as its strong government support for digital transformation. Additionally, the country's growing tech-savvy population and favorable business environment have attracted major cloud service providers to establish local data centers and services. This has led to a competitive market with a range of cloud solutions tailored to the unique needs and preferences of Moroccan businesses.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Morocco is greatly impacted by macroeconomic factors such as government investments in digital infrastructure and regulatory support for cloud technologies. Countries with a strong focus on developing their digital infrastructure and favorable policies for cloud adoption are experiencing higher market growth compared to others. Additionally, the global economic climate and national economic health also play a crucial role in determining the demand for cloud services. With the increasing digitization of businesses and the growing need for cost-effective IT solutions, the demand for Infrastructure as a Service is expected to continue its upward trend in Morocco.

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.