Infrastructure as a Service - Saudi Arabia

  • Saudi Arabia
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.78bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.85%, resulting in a market volume of US$1.85bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$46.88 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 Saudi Arabia is experiencing significant growth and development. Customer preferences are shifting towards cloud-based solutions, driving the demand for Infrastructure as a Service. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the market's growth. Customer preferences in Saudi Arabia are increasingly favoring cloud-based solutions, including Infrastructure as a Service. This can be attributed to the numerous benefits that cloud computing offers, such as scalability, flexibility, and cost savings. As businesses in Saudi Arabia strive to enhance their operational efficiency and reduce IT costs, they are turning to Infrastructure as a Service as a viable solution. This trend is also in line with the global market, as cloud adoption continues to rise worldwide. Trends in the Infrastructure as a Service market in Saudi Arabia include the growing adoption of hybrid cloud solutions and the increasing demand for managed services. Hybrid cloud solutions, which combine public and private cloud infrastructure, allow businesses to leverage the benefits of both environments. This trend is driven by the need for greater flexibility and data security. Furthermore, the demand for managed services is on the rise, as businesses in Saudi Arabia seek to outsource their IT infrastructure management to specialized service providers. This allows them to focus on their core competencies while ensuring the efficient operation of their IT systems. Local special circumstances in Saudi Arabia also contribute to the development of the Infrastructure as a Service market. The government's Vision 2030 initiative, which aims to diversify the economy and reduce dependence on oil, has led to increased investment in the IT sector. This has created opportunities for cloud service providers and infrastructure vendors to expand their operations in the country. Additionally, the growing number of startups and small and medium-sized enterprises (SMEs) in Saudi Arabia are driving the demand for Infrastructure as a Service, as these businesses seek cost-effective and scalable IT solutions. Underlying macroeconomic factors further support the growth of the Infrastructure as a Service market in Saudi Arabia. The country's young and tech-savvy population, coupled with high internet penetration rates, create a conducive environment for cloud adoption. Furthermore, the government's efforts to improve digital infrastructure and promote digital transformation initiatives are driving the demand for cloud services. These factors, combined with a favorable regulatory environment and increasing investments in the IT sector, contribute to the development of the Infrastructure as a Service market in Saudi Arabia. In conclusion, the Infrastructure as a Service market in Saudi Arabia is experiencing significant growth and development. Customer preferences are shifting towards cloud-based solutions, driven by the benefits of scalability and cost savings. Trends in the market include the adoption of hybrid cloud solutions and the demand for managed services. Local special circumstances, such as government initiatives and the presence of startups and SMEs, contribute to the market's growth. Underlying macroeconomic factors, such as a young population and government investments, further support the development of the Infrastructure as a Service market in Saudi Arabia.

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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