Infrastructure as a Service - Turkmenistan

  • Turkmenistan
  • Revenue in the Infrastructure as a Service market is projected to reach US$21.29m 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 26.03%, resulting in a market volume of US$67.69m 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 the Public Cloud market of Turkmenistan is experiencing substantial growth, driven by factors such as increasing demand for digital services, growing awareness of cloud technology, and the convenience of online infrastructure management. This growth rate is influenced by the country's efforts to modernize and digitize its infrastructure, as well as the increasing adoption of cloud computing among businesses in the region.

Customer preferences:
As the public cloud market continues to expand in Turkmenistan, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) solutions. This can be attributed to the country's growing digital landscape and the need for businesses to have flexible and scalable IT infrastructure. Additionally, the rise of remote work and the need for efficient data management has further fueled the adoption of IaaS. This trend highlights the country's push towards digitalization and the increasing reliance on cloud-based solutions for business operations.

Trends in the market:
In Turkmenistan, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a significant increase in demand due to the government's efforts to modernize the country's technological infrastructure. This is driving a trend towards the adoption of cloud-based solutions, with a focus on cost-efficiency and scalability. As a result, there is a growing number of partnerships between international cloud service providers and local businesses. This trend is expected to continue, with potential implications for industry stakeholders, such as increased competition and the need for specialized skills to implement and manage cloud-based solutions.

Local special circumstances:
In Turkmenistan, the Infrastructure as a Service (IaaS) market within the Public Cloud Market is influenced by the government's control over internet and technology infrastructure. This has led to limited access and adoption of cloud services by local businesses. Additionally, the country's geography, with vast, sparsely populated areas, poses a challenge for cloud service providers to establish data centers and ensure reliable connectivity. These factors contribute to slower growth of the IaaS market in Turkmenistan compared to other countries.

Underlying macroeconomic factors:
The growth of the Infrastructure as a Service Market within the Public Cloud Market in Turkmenistan is heavily influenced by macroeconomic factors such as government initiatives to promote digital transformation, investment in ICT infrastructure, and the country's overall economic stability. Turkmenistan's strong economic growth and increasing investment in technology have created a conducive environment for the growth of the public cloud market. Furthermore, the government's focus on modernizing its IT infrastructure and promoting digitalization in various sectors is driving the demand for Infrastructure as a Service solutions. Additionally, the growing adoption of digital technologies by businesses and organizations in Turkmenistan is fueling the demand for public cloud services, including Infrastructure as a Service.

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
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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