Turkey Cloud Computing Market to Grow at a CAGR of 23.65% During the Forecast Period 2024-2028
Rising
penetration of the Internet & mobile devices and increasing adoption of big
data analytics, artificial intelligence (AI) and the Internet of Things (IoT)
are likely to propel the market of cloud computing across the country.
According to the TechSci Research report, “Turkey Cloud Computing Market -
By Region, Competition Forecast & Opportunities, 2018-2028,” Turkey
Cloud Computing market is anticipated to project robust growth in the forecast
period with a CAGR of 23.65%, owing to the developing IT sector &
increasing awareness of the usefulness of data for corporate, favorable
government policies, increasing pace of big data & IoT, and rising adoption
of cloud services, among others.
Currently, the extensive use of cloud computing has risen across the world.
There are various market players operating in the country that recognize the
advantage of cloud computing, including scalability, flexibility,
cost-effectiveness, and improved performance. Further, more people are showing
an inclination towards cloud-based services, resulting in an ever-growing
requirement for data center infrastructure to sustain the usage of such
services. Also, there has been rising investment from the Turkey organization in
big data and the Internet of Things (IoT), owing to the rising demand for
technology-driven solutions, including smart devices, analytics, and cloud
computing. This rise in investment further helps in the development of wireless
networking technologies, as well as making these intelligent systems easily
accessible to large organizations and consumers.
The adoption of serverless cloud computing is gaining momentum as organizations
aim to optimize their cloud services for scalability, cost-effectiveness, and
enhanced agility. Serverless cloud computing is a model in which the cloud
provider handles and supplies infrastructure resources like servers and
storage, freeing customers from the responsibility of maintaining and managing
these resources. In essence, the growing adoption of serverless cloud computing
is primarily driven by the flexibility, cost-effectiveness, and agility it
offers to customers. Embracing cloud computing allows businesses to efficiently
scale applications while keeping costs low, enabling faster application
development, improving resource management capabilities, and achieving a
quicker go-to-market rate.
Browse over 27 market data Figures spread through 107 Pages and an in-depth TOC
on the "Turkey Cloud Computing Market."
The Turkey cloud computing market is segmented into service, deployment,
application type, end user, and region. Based on server, the market is divided
into infrastructure as a service, software as a service, and platform as a
service. Based on Deployment, the market is segmented into private, hybrid, and
public. Based on application type, the market is segmented into large
enterprises, small and medium sized enterprises, and government. Based on end
user, the market is segmented into BFSI, IT & TELECOM, retail and consumer
goods, healthcare, and others. The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among Marmara,
Central Anatolia, Aegean, Mediterranean, Southeastern, Anatolia, Black Sea, and
Eastern Anatolia.
Based on end user, the BFSI segment dominated in the Turkey cloud computing
market in terms of end user, accounting for a market share of 47.51%. in 2022.
The rapid growth in online banking activities, along with the implementation of
digital transformation across the country, has contributed to the BFSI sector's
dominance. Additionally, as the BFSI sector continues to evolve with
technology, cloud computing is likely to play an even more significant role.
With businesses worldwide increasing their reliance on cloud service providers,
Turkey is emerging as a key market. Companies operating in the cloud space
should focus on opportunities within the BFSI sector among their end users to
capture a larger share of the market.
Based on region, the Marmara Region dominated in the Turkey Cloud Computing
Market, with a market share of 32.38% in 2022, owing to the increasing digital
transformation of electronic devices used in cloud computing services across
the region. The Marmara Region, particularly the city of Istanbul, is an
economic hub and center of business activity within Turkey. As a result, it has
a high concentration of national and international businesses across industries
such as IT, finance, telecommunications, e-commerce, and media. These businesses
require reliable cloud services to ensure smooth operational running, as well
as secure storage and processing of their data in collaboration with other
companies and brands.
Key market players in the Turkey Cloud Computing market include:
- Turkcell
Iletisim Services Inc
- Microsoft
Turkey
- Alibaba
Cloud
- Global
IT Bilişim Hizmetleri
- Amazon
Web Services Turkiye
- ICT
BULUT BILISIM A.S.
- IBM
Turk Limited Company
- Equinix
Turkey Data Center
- Teknotel
Telecommunication Industry and Trade Inc
- TI
Sparkle Turkey Telecommunication Joint Stock Company
- KocSistem
Information and Communication Services Inc
- ITGLOBAL.COM
- VNGRS
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“Turkey Cloud Computing market is anticipated to project robust growth in the
forecast period with a CAGR of 23.65%, owing to the developing rising demand
for smart devices, analytics, cloud adoption, and the growth of wireless
networking technologies, government policies, emerging new technologies, rising
adoption of cloud services, among others, across the country. Also, the market
is anticipated to rise in the forecast period owing to the adoption of various
technologies including big data analytics, the Internet of Things (IoT),
artificial intelligence (AI) in emerging companies and end-use industries.
Furthermore, e-commerce, banking, financial institutions, among others are the
various sectors are investing In advanced technologies such as big data, the
Internet of Things (IoT), and Artificial Intelligence to automate processes and
drive innovation. Therefore, above mentioned factors are likely to propel the
market of turkey's cloud computing during the forecast period 2024-2028.” said
Mr Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Turkey Cloud Computing Market, By Service (Infrastructure as a Service,
Software as a Service, Platform as a Service), By Deployment (Private, Hybrid,
Public), By Application Type (Large Enterprises, Small and Medium Sized
Enterprises, Government), By End User (BFSI, IT and Telecom, Retail and
Consumer Goods, Healthcare, Others, By Region, Competition Forecast &
Opportunities, 2028F”,
has evaluated the future growth potential of a Turkey Cloud Computing market
and provides statistics and information on market structure, size, share, and
future growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the Turkey Cloud Computing market.
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