Infrastructure as a Service - Uzbekistan

  • Uzbekistan
  • Revenue in the Infrastructure as a Service market is projected to reach US$155.80m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 29.33%, resulting in a market volume of US$563.70m by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$10.76 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

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

 
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Analyst Opinion

The Infrastructure as a Service market in Uzbekistan is experiencing substantial growth within the Public Cloud Market, driven by factors such as increasing demand for digital solutions, growing awareness of the benefits of cloud computing, and the convenience of online services. This rapid growth can be attributed to the country's efforts to modernize its infrastructure and promote digital transformation in various industries.

Customer preferences:
The Infrastructure as a Service Market within the Public Cloud Market is experiencing a rise in demand for customizable and scalable cloud solutions, as businesses in Uzbekistan seek to modernize their IT infrastructure. This trend is driven by the country's growing digital economy and the need for secure and cost-effective cloud services. Additionally, there is a shift towards hybrid cloud models, where companies combine both public and private cloud solutions, to cater to their specific business needs and comply with local regulations.

Trends in the market:
In Uzbekistan, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the country's increasing focus on digital transformation. This trend is expected to continue as the government invests in infrastructure development and encourages the adoption of cloud services. Additionally, there is a growing trend of organizations migrating from on-premise infrastructure to the cloud, driving the growth of the IaaS market. These trends have significant implications for industry stakeholders, including increased competition and the need for robust security measures to protect sensitive data in the cloud. Furthermore, with the rise of remote work, the IaaS market is expected to witness further growth, as businesses look for scalable and cost-effective solutions to support their operations.

Local special circumstances:
In Uzbekistan, the Infrastructure as a Service Market within the Public Cloud Market market is still in its early stages due to limited internet penetration and a lack of awareness about cloud services. However, the government's efforts to modernize infrastructure and promote digitalization are expected to drive market growth. Additionally, the country's location along the Silk Road and its strategic partnerships with neighboring countries make it an ideal location for companies looking to expand their cloud services in Central Asia. Furthermore, the country's relatively low labor costs and favorable regulations make it an attractive destination for data centers and cloud service providers.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Uzbekistan is affected by various macroeconomic factors. Global economic trends, such as the increasing adoption of cloud computing and digital transformation initiatives, are driving the demand for infrastructure as a service solutions. Additionally, the country's national economic health and fiscal policies play a significant role in shaping the market. For instance, favorable government policies and investments in ICT infrastructure are expected to drive market growth, while economic instability and limited ICT infrastructure development may hinder market expansion. Furthermore, the demand for infrastructure as a service is also influenced by other financial indicators, such as the availability of skilled IT professionals and access to funding for digital transformation projects.

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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