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Key regions: United Kingdom, China, France, Netherlands, Germany
In Romania, the Infrastructure as a Service market in the Public Cloud sector is experiencing substantial growth, driven by factors such as increasing adoption of digital technologies, growing health awareness among consumers, and the convenience of online health services. This significant growth is being influenced by the growing demand for cloud-based infrastructure solutions and the increasing need for efficient and cost-effective IT services in the country.
Customer preferences: The Infrastructure as a Service Market within the Public Cloud Market in Romania is witnessing a growing demand for remote working solutions, as organizations embrace a hybrid work model. This trend is further accelerated by the increasing adoption of digital technologies and the need for flexible and cost-effective solutions. Additionally, the rise of e-commerce in the country is driving the need for efficient cloud infrastructure to support online transactions and data storage.
Trends in the market: In Romania, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a notable trend of increased adoption by small and medium-sized enterprises. This is driven by the need for cost-effective and scalable solutions, as well as the growing awareness of the benefits of cloud computing. Additionally, there is a rising trend of using cloud-based disaster recovery services to ensure business continuity. These trends are significant as they indicate a shift towards a more digital and agile business landscape. For industry stakeholders, this means the potential for increased market share and revenue growth in the coming years. However, it also poses challenges in terms of competition and the need to continually innovate and improve services to meet the evolving demands of the market.
Local special circumstances: In Romania, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's geographic location as a gateway between Eastern and Western Europe. This has led to a unique mix of cultural influences and business opportunities, attracting multinational companies to invest in the market. Additionally, the government's push for digital transformation and investment in IT infrastructure has created a favorable environment for the growth of the market. The country's competitive labor costs and skilled workforce have also contributed to its attractiveness as an outsourcing destination for cloud services.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Romania is profoundly affected by macroeconomic factors such as overall economic stability, government policies, and technological advancements. As Romania continues to experience steady economic growth and stability, businesses and organizations are increasingly investing in cloud services such as Infrastructure as a Service. Moreover, the government's efforts to modernize and improve the country's IT infrastructure are also driving the demand for cloud services. Additionally, the growing adoption of digital transformation strategies by Romanian businesses is fueling the demand for Infrastructure as a Service, as organizations seek to optimize their operations and reduce costs.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)