Infrastructure as a Service - Turkey

  • Turkey
  • Revenue in the Infrastructure as a Service market is projected to reach US$0.65bn 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 20.04%, resulting in a market volume of US$1.62bn 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 Turkey is experiencing elevated growth within the Public Cloud market. Factors such as increasing adoption of digital technologies, rising awareness of online services, and the convenience they offer are driving this growth rate.

Customer preferences:
As more businesses and organizations in Turkey embrace the use of cloud computing, there has been a noticeable increase in demand for Infrastructure as a Service solutions. This can be attributed to a growing preference for cost-effective and scalable IT solutions, as well as a desire for more efficient data management. Additionally, with the rise of remote work and the need for secure virtual environments, there is a growing trend towards utilizing Infrastructure as a Service within the Public Cloud Market. This shift is also driven by an increasing reliance on digital infrastructure and the need for reliable and flexible IT services.

Trends in the market:
In Turkey, the Infrastructure as a Service (IaaS) market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud computing by businesses. This trend is expected to continue as the government and large enterprises invest in digital transformation initiatives. Furthermore, the rise of remote work and the need for scalable and cost-effective infrastructure solutions have also contributed to the growth of the IaaS market. This presents opportunities for industry stakeholders to offer innovative and competitive services, while also facing challenges in ensuring data security and compliance with regulations. Overall, the trajectory of this trend highlights the potential for a robust and dynamic IaaS market in Turkey, with implications for the digital economy and the country's competitiveness in the global market.

Local special circumstances:
In Turkey, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's unique geographical and cultural factors. With a growing economy and increasing internet penetration, the demand for cloud-based services is on the rise. However, the strict data privacy laws and regulations in Turkey pose challenges for cloud service providers, requiring them to comply with local regulations. Additionally, the country's strategic location between Europe and Asia makes it a prime location for data centers, providing a competitive advantage for the Infrastructure as a Service Market.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Turkey is influenced by macroeconomic factors such as government initiatives to promote digital transformation, investment in ICT infrastructure, and a growing demand for cost-effective and scalable cloud solutions. The country's favorable business environment, strong ICT infrastructure, and increasing adoption of cloud computing are driving market growth. Furthermore, global trends towards digitalization and the rise of remote work due to the COVID-19 pandemic are also contributing to the demand for cloud-based services in Turkey. Additionally, the country's young and tech-savvy population and its strategic location as a regional hub for IT services make it an attractive market for cloud providers.

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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