Infrastructure as a Service - Western Asia

Western Asia

Revenue in the Infrastructure as a Service market is projected to reach US$3.31bn 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 19.78%, resulting in a market volume of US$8.16bn 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 in Western Asia is experiencing average growth, driven by factors such as increasing demand for digital services, rising awareness of the benefits of cloud computing, and the convenience of online infrastructure solutions. These factors are contributing to the average growth rate in the region.

Customer preferences: The Infrastructure as a Service Market within the Public Cloud Market in Western Asia is witnessing a rise in demand for cloud-based collaboration and communication tools as remote work becomes the new norm. This trend is driven by the increasing adoption of digital solutions and services, as well as the need for seamless connectivity and productivity among remote teams. Additionally, the growing focus on sustainability and reducing carbon footprint is pushing organizations to shift towards cloud-based infrastructure, resulting in a surge in the demand for Infrastructure as a Service.

Trends in the market: In Western Asia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud migration and hybrid cloud solutions. This trend is driven by the need for organizations to modernize their IT infrastructure and improve operational efficiency. Additionally, there is a growing awareness of the benefits of cloud-based services, such as scalability and cost savings. As a result, there is a shift towards hybrid cloud environments, with organizations leveraging both public and private clouds to meet their specific needs. This trend is expected to continue in the coming years, with potential implications for industry stakeholders, including increased competition and the need for specialized services and solutions to meet the diverse needs of clients in the region.

Local special circumstances: In the Middle East, the Infrastructure as a Service market within the Public Cloud Market is seeing significant growth due to the region's rapid adoption of digital transformation. Countries like the United Arab Emirates and Saudi Arabia have invested heavily in building advanced IT infrastructure, creating a favorable environment for the growth of cloud services. Moreover, the region's high demand for data storage and security, coupled with the increasing focus on e-government initiatives, is driving the demand for Infrastructure as a Service solutions. Additionally, the region's strict data privacy laws and regulations are shaping the market, with vendors offering customized solutions to comply with local data protection laws.

Underlying macroeconomic factors: The growth of the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong technological capabilities and supportive government policies are witnessing a faster adoption of public cloud services, while countries with limited technological capabilities and regulatory challenges are experiencing slower growth. Additionally, the rise in global data traffic and the increasing demand for cost-effective and scalable cloud solutions are driving the growth of the Infrastructure as a Service Market within the Public Cloud Market.

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.