Infrastructure as a Service - Western Asia

Western Asia

Revenue in the Infrastructure as a Service market is projected to reach US$3.46bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.75%, resulting in a market volume of US$8.52bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$41.66 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

Market

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Analyst Opinion

The Infrastructure as a Service market in Western Asia is experiencing considerable growth, fueled by factors such as the growing adoption of digital technologies, increasing awareness about the benefits of cloud services, and the convenience of accessing services online. The market's growth rate is being impacted by the increasing demand for scalable and cost-effective IT infrastructure solutions.

Customer preferences: As the adoption of public cloud services continues to grow in Western Asia, businesses are increasingly turning to Infrastructure as a Service (IaaS) solutions for their computing needs. This trend is driven by the region's growing tech-savvy population, as well as the increasing demand for remote work capabilities and data security. Moreover, the rise of e-commerce and online shopping in the region has also led to a greater need for reliable, scalable, and cost-effective cloud computing solutions.

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 hybrid cloud solutions. This trend is driven by the need for organizations to have greater control over their data and applications, while also taking advantage of the scalability and cost-efficiency of public cloud services. Additionally, there is a growing adoption of DevOps practices in the region, leading to a demand for cloud-based development and testing environments. These trends are significant as they indicate a shift towards a more agile and cost-effective approach to IT infrastructure management. Industry stakeholders should take note of these trends and consider investing in hybrid cloud solutions to stay competitive in the market.

Local special circumstances: In Saudi Arabia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing significant growth due to the country's Vision 2030 initiative, which aims to increase digitalization and promote the adoption of cloud-based technologies. Additionally, the country's strict data protection and privacy laws have created a secure environment for cloud services, attracting both local and international players. In Israel, the market is driven by the country's strong startup culture and advanced technological infrastructure, making it a hub for innovative cloud solutions.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Western Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for digital infrastructure. Additionally, the increasing digitization of businesses and the need for cost-effective and scalable solutions are driving the demand for Infrastructure as a Service in the region.

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.