Infrastructure as a Service - Peru

Revenue in the Infrastructure as a Service market is projected to reach US$305.50m 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 20.66%, resulting in a market volume of US$781.40m 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 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.

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.