Infrastructure as a Service - Peru

  • Peru
  • Revenue in the Infrastructure as a Service market is projected to reach US$305.50m 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 20.66%, resulting in a market volume of US$781.40m 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 Public Cloud market in Peru has seen considerable growth, bolstered by factors such as the increasing adoption of Infrastructure as a Service (IaaS) solutions, growing demand for digital technologies, and the convenience of online services. This rapid growth is largely attributed to the country's push towards digitalization and the government's efforts to improve access to technology.

Customer preferences:
As more businesses in Peru embrace digitalization and remote work, there is a growing demand for Infrastructure as a Service solutions within the Public Cloud Market. This trend is driven by a shift towards a more flexible and agile approach to IT infrastructure, as well as a need for cost-effective solutions. With a young and tech-savvy population, Peru has a strong potential for growth in this market. Additionally, the government's focus on improving digital infrastructure and promoting technology adoption is expected to further drive the demand for Infrastructure as a Service in the country.

Trends in the market:
In Peru, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based storage and computing solutions. This can be attributed to the government's efforts to modernize its IT infrastructure and promote digital transformation. Additionally, there is a growing trend of using cloud services for disaster recovery and business continuity. These trends are significant for industry stakeholders as they offer cost-effective and scalable solutions, while also promoting efficiency and innovation. However, there may be potential implications for traditional IT service providers as they may face competition from cloud providers.

Local special circumstances:
In Peru, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the government's prioritization of digital transformation and efforts to improve internet connectivity. The country's geography, with a large rural population and varying levels of infrastructure development, also plays a significant role. Additionally, cultural factors such as a preference for personalized service and concerns about data privacy and security may impact the adoption of cloud services. These unique local factors contribute to the evolving landscape of the public cloud market in Peru.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Peru is heavily influenced by macroeconomic factors such as the country's economic growth, investments in digital infrastructure, and government policies promoting technology adoption. With a growing economy and increasing investments in digital infrastructure, Peru is seeing a rise in demand for public cloud services, particularly in the Infrastructure as a Service segment. Additionally, the country's favorable regulatory environment and government initiatives to promote digital transformation in various industries further support the growth of the public cloud market. The increasing adoption of cloud services is also driven by the need for cost-efficient and scalable solutions in the face of economic uncertainty.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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