Public Cloud - Iraq

Iraq

Revenue in the Public Cloud market is projected to reach US$655.80m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$212.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.89%, resulting in a market volume of US$1,431.00m by 2029.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud Market in Iraq is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of cloud services, and the convenience of online solutions. This growth can be attributed to the various sub-markets within the overall market, which offer a range of services including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. However, challenges such as limited internet infrastructure and security concerns may impact the market's growth rate in the region.

Customer preferences: The increasing adoption of cloud computing in Iraq has driven the demand for public cloud services. This trend is largely influenced by the country's young population and growing tech-savvy culture. As more individuals and businesses prioritize digital transformation, there is a rising demand for cloud-based solutions that offer scalability, flexibility, and cost-efficiency. This shift towards cloud-based services is also driven by the need for remote collaboration and data accessibility in the post-pandemic era.

Trends in the market: In Iraq, the Public Cloud Market is seeing a surge in demand for cloud-based services, as businesses and organizations increasingly rely on remote work and digital transformation. This trend is expected to continue as the country focuses on modernizing its infrastructure and promoting economic growth. In the global market, there is a growing shift towards hybrid and multi-cloud solutions, with companies looking for greater flexibility and cost-effectiveness. This trend also highlights the importance of data security and compliance, as more sensitive information is stored and accessed on the cloud. For industry stakeholders, it is crucial to stay updated on these trends and adapt to the evolving market landscape to remain competitive. Failure to do so could result in missed opportunities and potential loss of market share.

Local special circumstances: In Iraq, the Public Cloud Market has been slower to develop compared to other regions due to factors such as limited internet infrastructure and political instability. However, recent efforts by the government to improve digital connectivity and promote technology adoption have led to a growing demand for cloud services. Additionally, cultural norms and preferences for local data storage may impact the market dynamics in Iraq. As a result, cloud providers may need to tailor their offerings and pricing strategies to cater to the unique needs and preferences of the Iraqi market.

Underlying macroeconomic factors: The Public Cloud Market in Iraq is heavily impacted by macroeconomic factors such as political stability, infrastructure development, and government policies. Iraq's ongoing reconstruction efforts and its push towards modernization have led to increased investments in public cloud services. Moreover, the country's young and growing population, coupled with increasing internet penetration, is driving the demand for cloud-based solutions. Additionally, the government's initiatives to promote digital transformation and the presence of multinational companies in the country are further fueling the growth of the public cloud market in Iraq.

Methodology

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.