Infrastructure as a Service - Southeast Asia

  • Southeast Asia
  • Revenue in the Infrastructure as a Service market is projected to reach US$5.46bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.94%, resulting in a market volume of US$14.72bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

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

 
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Analyst Opinion

The Infrastructure as a Service Market in Southeast Asia is witnessing considerable growth, fueled by factors like rising demand for online services, increasing awareness about health, and adoption of digital technologies. This growth is impacted by various factors such as government initiatives, rising investments in cloud infrastructure, and the need for efficient and cost-effective solutions.

Customer preferences:
As Southeast Asia continues to rapidly develop and modernize, there has been a significant increase in demand for Infrastructure as a Service within the Public Cloud Market. This can be attributed to the region's growing digital economy and the need for efficient and scalable IT solutions. Furthermore, with the rise of remote work and online education, there has been a shift towards cloud-based infrastructure to support these activities. This trend is expected to continue as more businesses and organizations embrace digital transformation.

Trends in the market:
In Southeast Asia, the Infrastructure as a Service market within the Public Cloud market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital transformation strategies by businesses. This trend is expected to continue as more organizations shift towards cloud-based infrastructure to improve agility, scalability, and cost-effectiveness. Additionally, with the emergence of 5G technology in the region, the demand for IaaS is expected to further accelerate as it enables faster and more efficient data processing and storage. This presents significant opportunities for industry stakeholders to tap into the growing market and provide innovative solutions to meet the evolving needs of businesses in Southeast Asia.

Local special circumstances:
In Southeast Asia, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the region's diverse and rapidly growing economies. With a large population and increasing internet penetration, there is a strong demand for cloud services in countries like Indonesia, Thailand, and Vietnam. Additionally, the varying regulations and cultural norms in each country play a significant role in shaping the market landscape. For instance, in Singapore, the government's support for digital transformation initiatives has led to a highly developed and competitive cloud market, while in Malaysia, data sovereignty laws have driven the adoption of local cloud providers.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Southeast Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with strong government policies and investments in cloud technologies are experiencing faster market growth compared to regions with limited government support and funding. Moreover, the increasing adoption of digital solutions and the rapid growth of the digital economy in Southeast Asia are driving the demand for cloud services, particularly in the Infrastructure as a Service segment. Additionally, the region's growing population and increasing digital literacy are also contributing to the expansion of the Public Cloud Market and driving the demand for Infrastructure as a Service solutions.

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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