Infrastructure as a Service - Southern Asia

Revenue in the Infrastructure as a Service market is projected to reach US$4.36bn 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 25.55%, resulting in a market volume of US$13.61bn 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 Southern Asia is witnessing considerable growth, driven by factors like increasing demand for Infrastructure as a Service, rising awareness about digital technologies, and the convenience of online services. This growth rate is impacted by factors like government initiatives, technological advancements, and the growing need for cost-effective solutions.

Customer preferences: As technology and internet usage continue to grow in Southern Asia, consumers are increasingly turning to Infrastructure as a Service in the Public Cloud Market to meet their computing needs. This trend is driven by the convenience and cost-effectiveness of using cloud-based services, as well as the need for reliable and scalable solutions. Additionally, the rise of e-commerce and online businesses in the region has further accelerated the demand for Infrastructure as a Service, as companies seek to streamline their operations and enhance their online presence.

Trends in the market: In Southern Asia, the Infrastructure as a Service (IaaS) market within the Public Cloud market is experiencing a surge in demand for cloud-based solutions. This is driven by the region's growing digital transformation efforts and the need for scalable and cost-effective IT infrastructure. Furthermore, there is a trend towards the adoption of hybrid cloud models, combining the benefits of both public and private clouds. This trajectory highlights the increasing reliance on cloud computing and its potential to revolutionize business operations in the region. For industry stakeholders, staying ahead of these trends is crucial to remain competitive and capitalize on the growing market opportunities in Southern Asia.

Local special circumstances: In India, the Infrastructure as a Service Market within the Public Cloud Market is experiencing rapid growth due to the country's increasing digitalization efforts and rising demand for cost-efficient IT solutions. The government's Digital India initiative and the country's large pool of IT professionals are contributing to the market's expansion. In contrast, in Sri Lanka, the market is hindered by limited internet connectivity and a lack of skilled IT workforce. However, the country's digital transformation efforts and the growing trend of outsourcing IT services are expected to drive market growth in the coming years.

Underlying macroeconomic factors: The growth of the Infrastructure as a Service Market within the Public Cloud Market in Southern Asia is heavily influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in digital infrastructure. Countries with strong technological capabilities and supportive government policies are experiencing higher demand for public cloud services, while those with limited resources and regulatory challenges are facing slower market growth. Furthermore, the increasing adoption of digital transformation and the need for cost-efficient IT solutions are driving the demand for Infrastructure as a Service in the region.

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.