Infrastructure as a Service - Peru

Peru

Revenue in the Infrastructure as a Service market is projected to reach US$317.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.56%, resulting in a market volume of US$809.00m by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$17.35 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

Market

Region

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Currency

Analyst Opinion

The Infrastructure as a Service market in Peru is experiencing significant growth and development.

Customer preferences: Peruvian businesses are increasingly turning to Infrastructure as a Service (IaaS) solutions to meet their IT infrastructure needs. This is driven by a number of factors, including the flexibility and scalability that IaaS offers. With IaaS, businesses can easily scale their infrastructure up or down based on their needs, allowing them to respond quickly to changing market conditions. Additionally, IaaS solutions often provide a wide range of services and tools, allowing businesses to choose the specific services that best meet their needs. This flexibility and choice is highly attractive to Peruvian businesses.

Trends in the market: One of the key trends in the IaaS market in Peru is the adoption of cloud-based solutions. Cloud computing is becoming increasingly popular in Peru, as businesses recognize the benefits of moving their IT infrastructure to the cloud. Cloud-based IaaS solutions offer businesses the ability to access their infrastructure from anywhere, at any time, making it easier for employees to work remotely and collaborate with colleagues. This trend is expected to continue as businesses in Peru increasingly embrace digital transformation. Another trend in the IaaS market in Peru is the growing demand for managed services. Many businesses in Peru do not have the in-house expertise or resources to manage their IT infrastructure effectively. As a result, they are turning to managed service providers who can take care of their infrastructure for them. This includes tasks such as monitoring, maintenance, and security. By outsourcing these tasks to a managed service provider, businesses can focus on their core competencies and leave the management of their IT infrastructure to the experts.

Local special circumstances: Peru is a rapidly developing country with a growing economy. As the economy grows, businesses are looking for ways to improve their efficiency and reduce costs. IaaS solutions offer businesses the ability to do this by providing them with the infrastructure they need, without the need to invest in expensive hardware and infrastructure. This is particularly attractive to small and medium-sized businesses in Peru, who may not have the financial resources to invest in their own infrastructure.

Underlying macroeconomic factors: The growth of the IaaS market in Peru is also being driven by a number of underlying macroeconomic factors. The Peruvian government has recognized the importance of digital transformation and has implemented policies to promote the adoption of cloud computing and other digital technologies. This includes initiatives to improve the country's digital infrastructure and increase access to high-speed internet. These initiatives are creating an environment that is conducive to the growth of the IaaS market in Peru. In conclusion, the Infrastructure as a Service market in Peru is experiencing significant growth and development. This is driven by customer preferences for flexible and scalable IT infrastructure solutions, as well as the adoption of cloud-based and managed services. The local special circumstances of Peru's growing economy and the government's support for digital transformation are also contributing to the growth of the market. Overall, the future looks bright for the IaaS market in Peru.

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.