Infrastructure as a Service - Romania

Romania

Revenue in the Infrastructure as a Service market is projected to reach US$216.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.76%, resulting in a market volume of US$579.20m by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$26.34 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 Infrastructure as a Service market in Romania is witnessing significant growth and development in recent years.

Customer preferences: Customers in Romania are increasingly adopting Infrastructure as a Service (IaaS) solutions due to the numerous benefits they offer. One key preference is the cost-effectiveness of IaaS, as it allows businesses to avoid the upfront costs associated with building and maintaining their own IT infrastructure. Additionally, IaaS provides scalability and flexibility, allowing businesses to easily adjust their computing resources based on their needs. This is particularly important for small and medium-sized enterprises (SMEs) in Romania, as they often have limited resources and need to optimize their IT investments.

Trends in the market: One major trend in the IaaS market in Romania is the increasing adoption of cloud computing solutions. This trend is driven by the growing awareness of the benefits of cloud computing, such as improved efficiency, reduced IT costs, and increased agility. As a result, more businesses in Romania are migrating their IT infrastructure to the cloud, leading to a higher demand for IaaS services. Another trend in the market is the rise of hybrid cloud solutions. Hybrid cloud combines public and private cloud infrastructures, allowing businesses to leverage the benefits of both. In Romania, businesses are adopting hybrid cloud solutions to address their specific needs and requirements. For example, they can use the public cloud for non-sensitive data and applications, while keeping sensitive data and critical applications in a private cloud. This trend is driven by the need for flexibility and security in managing IT infrastructure.

Local special circumstances: Romania has a rapidly growing IT industry, with a large pool of skilled IT professionals. This has created a favorable environment for the development of the IaaS market. The country has a strong focus on technology and innovation, with numerous startups and tech companies emerging in recent years. This entrepreneurial spirit has contributed to the demand for IaaS solutions, as businesses seek to leverage the latest technologies to stay competitive.

Underlying macroeconomic factors: The growth of the IaaS market in Romania is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to increased investments in IT infrastructure. Additionally, Romania has a favorable business environment, with a low cost of living and a competitive tax system. These factors attract foreign investments and encourage the expansion of businesses, driving the demand for IaaS services. In conclusion, the Infrastructure as a Service market in Romania is experiencing significant growth and development. Customer preferences for cost-effectiveness, scalability, and flexibility are driving the adoption of IaaS solutions. The market is also influenced by trends such as the adoption of cloud computing and hybrid cloud solutions. Furthermore, Romania's strong IT industry and favorable macroeconomic factors contribute to the growth of the IaaS market in the country.

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.