Infrastructure as a Service - Russia

  • Russia
  • Revenue in the Infrastructure as a Service market is projected to reach €1.08bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.82%, resulting in a market volume of €2.35bn by 2029.
  • The average spend per employee in the Infrastructure as a Service market is projected to reach €14.74 in 2024.
  • In global comparison, most revenue will be generated in the United States (€72,590.00m in 2024).

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

 
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Analyst Opinion

The Infrastructure as a Service market in Russia has been experiencing steady growth in recent years, driven by customer preferences for flexible and scalable IT solutions, as well as the increasing adoption of cloud computing technologies.

Customer preferences:
Russian customers are increasingly seeking flexible and scalable IT solutions that can adapt to their evolving business needs. Infrastructure as a Service (IaaS) offers the flexibility to scale up or down resources as required, allowing businesses to optimize their IT infrastructure and reduce costs. Additionally, the ability to access IT resources on-demand without the need for upfront investment appeals to many Russian businesses, especially small and medium-sized enterprises (SMEs) with limited budgets.

Trends in the market:
The IaaS market in Russia is witnessing several key trends. Firstly, there is a growing demand for hybrid cloud solutions, which combine the benefits of public and private clouds. This allows businesses to leverage the scalability and cost-effectiveness of public cloud services while maintaining control over sensitive data through private cloud infrastructure. The hybrid cloud model is particularly appealing to industries with strict data security and compliance requirements, such as finance and healthcare. Another trend in the Russian IaaS market is the increasing adoption of containerization technology. Containers enable the efficient deployment and management of applications across different computing environments, making it easier for businesses to migrate their workloads to the cloud. This trend is driven by the need for greater agility and faster time-to-market, as businesses strive to stay competitive in a rapidly evolving digital landscape.

Local special circumstances:
Russia has its own unique set of circumstances that influence the development of the IaaS market. One of the key factors is the government's push for digital transformation and the development of a digital economy. The Russian government has implemented various initiatives to promote cloud adoption, including the creation of data localization laws that require personal data of Russian citizens to be stored within the country. This has led to the establishment of data centers in Russia, which in turn has facilitated the growth of the IaaS market.

Underlying macroeconomic factors:
The growth of the IaaS market in Russia is also influenced by underlying macroeconomic factors. The country's GDP growth, although modest, has been positive in recent years, indicating a stable economic environment. This stability encourages businesses to invest in IT infrastructure and explore cost-effective solutions such as IaaS. Additionally, the increasing internet penetration rate in Russia and the growing number of internet users create a favorable environment for the adoption of cloud services. In conclusion, the Infrastructure as a Service market in Russia is developing due to customer preferences for flexible and scalable IT solutions, the adoption of cloud computing technologies, and the unique circumstances and macroeconomic factors in the country. The growing demand for hybrid cloud solutions and containerization technology, coupled with the government's push for digital transformation, are driving the growth of the IaaS 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.

Visión general

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