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Key regions: United States, Germany, China, Japan, United Kingdom
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
in trillion USD (US$)
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Public Cloud market in Iran is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of cloud services among businesses, and the convenience of online platforms for accessing cloud services. The market's considerable growth rate can be attributed to the country's push for digital transformation and the high demand for diverse cloud services, including IaaS, PaaS, SaaS, BPaaS, DaaS, and DRaaS.
Customer preferences: As technology becomes more integrated into everyday life, consumers in Iran are increasingly turning to public cloud solutions for their storage and computing needs. This trend is driven by the desire for convenience, security, and cost-effectiveness. Additionally, the younger generation, which makes up a significant portion of the population, is more comfortable with digital technologies and is driving the adoption of public cloud services. This shift towards the public cloud is also being influenced by the growing demand for remote work and collaboration tools in the wake of the COVID-19 pandemic.
Trends in the market: In Iran, the Public Cloud Market is experiencing a surge in demand as more businesses and organizations adopt cloud-based solutions for their data storage and computing needs. This trend is expected to continue, with a projected growth of over 22% in the next five years. This shift towards the cloud is significant as it allows for easier access to data and services, increased efficiency, and cost savings. However, it also poses challenges for traditional IT providers and raises concerns about data security and privacy. To stay competitive, industry stakeholders will need to adapt to this trend and offer innovative solutions that address these concerns.
Local special circumstances: In Iran, the Public Cloud Market is still in its early stages of development due to the country's strict government regulations and limited internet infrastructure. However, with the recent lifting of economic sanctions, there is a growing demand for cloud-based services in various industries, particularly in the finance and healthcare sectors. Additionally, the cultural emphasis on privacy and security has led to a preference for local cloud providers over international ones. These factors contribute to a unique market landscape, with local providers facing fewer competitors and greater government support.
Underlying macroeconomic factors: The Public Cloud Market in Iran is greatly affected by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. In recent years, the Iranian government has implemented policies to promote the adoption of digital technologies, including the use of cloud services. This has attracted foreign investment and boosted the growth of the Public Cloud Market in the country. However, economic sanctions imposed on Iran have also had an impact on the market's growth, as it limits the availability of advanced technologies and restricts international collaborations. Moreover, the country's economic downturn and inflation have led to a decrease in the overall IT spending, which can also impact the demand for public cloud services.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights , Financial Statements of Key Players , National statistical offices
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
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