Infrastructure as a Service - Russia

  • Russia
  • Revenue in the Infrastructure as a Service market is projected to reach €1.00bn 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 16.97%, resulting in a market volume of €2.19bn by 2029.
  • In global comparison, most revenue will be generated in the United States (€71,450.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Infrastructure as a Service market in the Russia nan region is experiencing steady growth in the Public Cloud market. This is due to the increasing adoption of digital technologies, growing awareness of the importance of digital infrastructure, and the convenience of online services. The average growth rate is driven by the rising demand for efficient and cost-effective IT solutions in the region.

Customer preferences:
As the use of cloud computing continues to grow in the public sector in Russia, there is a noticeable trend towards the adoption of Infrastructure as a Service (IaaS) solutions. This can be attributed to the increasing demand for cost-effective and flexible IT infrastructure by government agencies. Additionally, there has been a rise in the preference for cloud-native applications and services, as well as a growing need for data security and compliance in the public sector. This has led to a surge in the demand for IaaS solutions that can offer scalability, reliability, and advanced security measures to meet the specific needs of government organizations.

Trends in the market:
In Russia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud services by companies in various industries. This trend is driven by the need for cost-effective and scalable solutions, as well as the growing emphasis on digital transformation. Additionally, there is a rise in the use of hybrid cloud environments, where companies combine public cloud services with their own on-premise infrastructure. This trend is expected to continue, with industry experts predicting a steady growth in the Infrastructure as a Service Market within the Public Cloud Market in Russia. This presents opportunities for industry stakeholders to capitalize on the demand for cloud services and offer innovative solutions to meet the evolving needs of businesses in Russia.

Local special circumstances:
In Russia, the Infrastructure as a Service Market within the Public Cloud Market is influenced by the country's vast geographical size and diverse cultural landscape. The government's initiatives to modernize the country's infrastructure and promote digitalization have led to a high demand for cloud computing services. Additionally, strict data privacy regulations and concerns over cybersecurity have shaped the market, with a focus on local data centers and security measures. Furthermore, the country's growing tech talent pool and investments in advanced technologies like artificial intelligence have contributed to the market's growth.

Underlying macroeconomic factors:
The growth of the Infrastructure as a Service Market within the Public Cloud Market in Russia is heavily influenced by macroeconomic factors such as government policies and investments in digital infrastructure. With the Russian government's focus on modernizing the country's digital infrastructure, there has been a significant uptick in the adoption of cloud services, including Infrastructure as a Service. Additionally, the increasing number of businesses moving towards digital transformation and the rise of e-commerce in Russia are also driving the demand for cloud services. However, the availability of skilled IT professionals and data privacy concerns remain significant challenges for the market's growth.

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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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