Infrastructure as a Service - Russia

  • Russia
  • Revenue in the Infrastructure as a Service market is projected to reach US$1.17bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.49%, resulting in a market volume of US$2.51bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach US$15.90 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

 
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Analyst Opinion

The Public Cloud Market in Russia is experiencing steady growth, driven by the rising demand for Infrastructure as a Service. Factors such as the increasing adoption of digital technologies and the convenience of online services are contributing to the market's average growth rate. Additionally, the growing awareness of the importance of digital health is also impacting the market's growth.

Customer preferences:
As more businesses in Russia adopt cloud solutions, there has been a growing demand for Infrastructure as a Service (IaaS) offerings within the Public Cloud Market. This trend is largely driven by the country's increasing focus on digital transformation and the need for scalable and cost-effective infrastructure solutions. Additionally, with the rise of remote work and the shift towards virtual collaboration tools, there has been a greater emphasis on IaaS solutions that offer reliable and secure connectivity.

Trends in the market:
In Russia, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand as businesses are increasingly adopting cloud-based solutions to streamline operations and reduce costs. This trend is expected to continue as the Russian government invests in digital infrastructure and initiatives to promote the adoption of cloud services. Additionally, the market is witnessing a shift towards hybrid cloud models, with organizations leveraging a combination of public and private cloud services for greater flexibility and control. This presents opportunities for cloud service providers to offer customized solutions and for businesses to optimize their IT infrastructure. However, concerns around data security and compliance may hinder the growth of the market, making it crucial for industry players to prioritize these issues in their offerings.

Local special circumstances:
In Russia, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's regulatory environment. The Russian government has implemented strict data localization laws, requiring all data to be stored within the country's borders. This has led to the development of local data centers and cloud services, catering to the specific needs of Russian businesses. Additionally, Russia's vast geography and harsh climate have also led to the creation of specialized cloud solutions, such as disaster recovery and backup services, to address the unique challenges faced by businesses operating in the region.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in Russia is heavily influenced by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. As the country continues to recover from its recent economic downturn and invests in modernizing its infrastructure, the demand for public cloud services, including Infrastructure as a Service, is expected to grow. Additionally, the government's efforts to promote digital transformation and increase internet penetration rates are creating a favorable environment for the adoption of public cloud solutions. Furthermore, the increasing demand for cost-effective and scalable IT infrastructure is also driving the growth of the Infrastructure as a Service Market within the Public Cloud Market in Russia.

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.

Overview

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