Infrastructure as a Service - Peru

  • Peru
  • Revenue in the Infrastructure as a Service market is projected to reach US$317.60m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.56%, resulting in a market volume of US$809.00m by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$17.35 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

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

 
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Analyst Opinion

The IaaS market in Peru, within the public cloud market, is experiencing considerable growth due to factors such as increasing adoption of digital technologies, rising awareness of cloud services, and the convenience of online infrastructure management. These factors are driving the market's growth rate and are expected to continue to impact it positively in the future.

Customer preferences:
As more businesses and organizations in Peru adopt cloud computing, there has been a noticeable increase in the demand for Infrastructure as a Service (IaaS) solutions. This trend is largely driven by the country's growing digital economy and the need for efficient and scalable IT infrastructure. Additionally, the shift towards remote work and virtual collaboration has further accelerated the adoption of IaaS among businesses of all sizes, highlighting the importance of reliable and secure cloud-based infrastructure for seamless operations.

Trends in the market:
The Infrastructure as a Service Market within the Public Cloud Market in Peru is experiencing a surge in demand due to the increasing adoption of cloud-based solutions by businesses. This has been driven by the growing need for scalable and cost-effective IT infrastructure. Additionally, there is a trend towards multi-cloud strategies, where companies are using multiple cloud providers to meet their specific needs. This trend is significant as it allows businesses to customize their cloud infrastructure and avoid vendor lock-in. However, it also presents challenges in terms of managing and integrating multiple platforms. This trend is expected to continue, with potential implications for industry stakeholders such as cloud service providers, IT professionals, and businesses looking to adopt cloud solutions.

Local special circumstances:
In Peru, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's unique geographical and cultural factors. The mountainous terrain and remote rural areas make cloud computing a more cost-effective and efficient option for businesses. Additionally, the government's initiatives to promote digital transformation and increase internet access have further accelerated the growth of the market. This, coupled with the country's entrepreneurial spirit and emerging startup ecosystem, creates a favorable environment for the adoption of cloud services.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Peru is influenced by various macroeconomic factors. These include the country's economic stability, government policies promoting digital transformation, and investments in technological infrastructure. Peru's strong economic growth and stable political environment have created a favorable market for the public cloud and related services. Additionally, the increasing adoption of digital technologies in various industries, such as banking, retail, and healthcare, is driving the demand for Infrastructure as a Service solutions in the country. Furthermore, the government's initiatives to improve digital infrastructure and promote digital transformation in all sectors are expected to further boost the growth of the Infrastructure as a Service Market in Peru.

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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