Infrastructure as a Service - Ukraine

  • Ukraine
  • In Ukraine, revenue in the 0 market is projected to reach US$181.20m in 2024.
  • Infrastructure as a Service market dominates the market in Ukraine with a projected market volume of 0 in 2024.
  • Revenue in this market is expected to show an annual growth rate (CAGR 2024-2029) of 20.55%, resulting in a market volume of US$461.30m by 2029.
  • In a global context, most revenue will be generated the United States, with US$77,050.00m expected in 2024.
  • Ukraine's Infrastructure as a Service market is experiencing rapid growth as businesses increasingly seek scalable cloud solutions to support digital transformation initiatives.

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 Ukraine is experiencing considerable growth, propelled by factors like the increasing use of digital technologies, growing awareness about health, and the convenience of online health services. This growth rate is impacted by the country's efforts to modernize its healthcare infrastructure and promote digitalization in the healthcare sector.

Customer preferences:
As the adoption of cloud technologies continues to grow, businesses in Ukraine are increasingly turning to Infrastructure as a Service (IaaS) solutions to streamline their operations and reduce costs. This shift is driven by cultural preferences for efficiency and cost-effectiveness, as well as a growing demand for flexible and scalable IT infrastructure. With the rise of remote work and digital transformation, IaaS is becoming an essential tool for businesses in Ukraine to stay competitive and adapt to evolving market trends.

Trends in the market:
In Ukraine, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, with businesses seeking to leverage the benefits of both public and private clouds. This trend is expected to continue as companies look to optimize their IT infrastructure and cut costs. Additionally, there is a growing focus on data security and compliance, leading to the adoption of cloud-based security solutions. These trends highlight the increasing importance of cloud services in the Ukrainian market and present opportunities for industry stakeholders to provide innovative solutions to meet the evolving needs of businesses.

Local special circumstances:
In Ukraine, the Infrastructure as a Service Market within the Public Cloud Market is being driven by the country's rapidly developing IT industry and government initiatives to improve digital infrastructure. With a highly skilled workforce and a strategic location between Europe and Asia, Ukraine offers a unique advantage for companies looking to outsource their IT services. Additionally, the country's favorable regulatory environment and lower costs compared to other European countries make it an attractive market for cloud service providers.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Ukraine is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and investments in digital infrastructure. The growth of this market is closely tied to Ukraine's overall economic health, as a stable and growing economy provides businesses with the resources and confidence to invest in cloud-based services. Additionally, favorable government policies and investments in digital infrastructure can create a conducive environment for the growth of the public cloud market, leading to increased adoption of Infrastructure as a Service solutions. Furthermore, the ongoing digital transformation efforts in Ukraine and the increasing demand for cost-effective and scalable IT solutions are also driving the growth of the Infrastructure as a Service Market within the Public Cloud Market in the country.

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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