Infrastructure as a Service - Zimbabwe

Zimbabwe

Revenue in the Infrastructure as a Service market is projected to reach US$33.85m 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 19.60%, resulting in a market volume of US$82.83m 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

Market

Region

Region comparison

Currency

Analyst Opinion

The Infrastructure as a Service market in Zimbabwe has seen extraordinary growth within the Public Cloud market, driven by factors such as increasing adoption of digital technologies and the convenience offered by online services. This rapid growth can be attributed to the country's increasing focus on modernizing its IT infrastructure to keep up with global trends.

Customer preferences: As more businesses and organizations in Zimbabwe adopt cloud-based solutions, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This trend is driven by the need for cost-effective and scalable IT infrastructure, particularly among small and medium-sized enterprises (SMEs). Additionally, the rise of remote work and virtual collaboration has further accelerated the adoption of IaaS, as it allows for easy access to critical data and applications from any location.

Trends in the market: In Zimbabwe, the Infrastructure as a Service market within the Public Cloud market is seeing a significant increase in demand for virtualized data centers. This trend is driven by the country's growing need for efficient and cost-effective IT solutions, as well as the rise of remote work due to the COVID-19 pandemic. As a result, there is also a rising demand for cloud-based networking and storage solutions. This shift towards cloud-based infrastructure indicates a potential shift towards a more digital economy in Zimbabwe, with implications for industry stakeholders such as increased competition and the need for skilled IT professionals.

Local special circumstances: In Zimbabwe, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's unique regulatory and political environment. The government's efforts to promote digital transformation and improve access to technology have led to a growing demand for public cloud services. Additionally, the country's high internet penetration rate and increasing adoption of mobile devices have created a favorable market for Infrastructure as a Service providers. However, challenges such as limited infrastructure and unstable power supply continue to pose barriers to market growth.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Zimbabwe is greatly influenced by macroeconomic factors such as the country's economic stability, government policies, and investment in digital infrastructure. With a growing economy and favorable regulatory environment, Zimbabwe is experiencing a surge in demand for public cloud services. Moreover, the increasing adoption of digital technologies in various industries and the government's efforts to improve digital infrastructure are also driving the growth of the public cloud market in the country. Additionally, the rise in remote work due to the COVID-19 pandemic has further accelerated the demand for public cloud services in Zimbabwe.

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.