The growing digitization and the introduction of emerging technologies is expected to drive the demand for Turkey Cloud Computing market in the forecast period.
According to TechSci Research report, “Turkey Cloud Computing Market By Service (Software as a Service, Platform as a Service, Infrastructure as a Service), By Deployment (Public, Private, Hybrid), By Application Type (Government, Small and Medium Sized Enterprises, Large Enterprises), By End User (IT and telecom, BFSI, Retail and consumer goods, Healthcare, Others), By Region, Competition Forecast & Opportunities, 2026”, the Turkey Cloud Computing market is expected to witness the growth of steady CAGR for the forecast period, 2022-2026. Cloud computing is the on-demand availability of computing services including storage, database, servers, networking, software, analytics over the internet. The adoption of cloud services helps in reducing the unwanted operational costs as the end-user pays only for the required service and helps running the infrastructure more efficiently. The use of cloud computing eliminates the need to buy hardware and software and reduce the capital expenses significantly and shift the industries to store data in data centers. Cloud computing services are flexible and can be adjusted according to the requirements in a shorter period.
However, the increase in the number of cyber-attacks and the rise in the concerns regarding data security may restrain the Turkey Cloud Computing market growth in the forecast period.
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Turkey Cloud Computing market is segmented into service, deployment, application type, end user, regional distribution, and company. Based on the end user, the market can be divided into IT and telecom, BFSI, retail and consumer goods, healthcare, and others. The BFSI segment is expected to hold a significant market share for the forecast period, 2022-2026. The generation of a huge amount of confidential data in financial institutions requires proper storage. The growing adoption of cloud services to provide an enhanced experience to consumers by efficiently storing and managing customer data is accelerating the market demand. Cloud computing offers several benefits to the BFSI industry including interoperability, secure storage space, and the constant accessibility to access anytime from anywhere. Based on the service, the market can be divided into software as a service, platform as a service, and infrastructure as a service. The software as a service segment is expected to dominate the Turkey cloud computing market for the forecast period. The growing demand for software as a service from small and medium-sized enterprises is driving the growth of the segment. Using software as a service has many advantages such as the elimination of huge capital costs and licensing fees which in turn is fueling the segment demand across the country. Based on deployment, the market can be divided into public, private, and hybrid. The hybrid segment is expected to witness the fastest incremental growth for the next five years. Public cloud infrastructure is made available to the large industry group and is owned by the organization selling cloud services while private cloud infrastructure is available only for the organization. Hybrid cloud infrastructure is a mix of two or more cloud model and these are bound together by standardized technology.
Sparkle Turkey, KocSistem, ITGLOBAL.COM, Ereteam, Infolitik, VNGRS, RDS Partner, TechForing Ltd., Microsoft Corporation, Alibaba Cloud are the leading players operating in Turkey Cloud Computing market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Cloud Computing service providers are coming up with their technologically advanced offerings.
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“The adoption of cloud computing technology is still at a nascent stage and the development of the ICT infrastructure in Turkey with the growing investments by the market players is expected to pave the way for the Turkey cloud computing market growth. The high rate of adoption of cloud computing technology at a large scale by small and medium-sized enterprises owing to its cost-effective and scalable nature is expected to boost the market growth. Limited need for hardware infrastructure, less dependence on in-house IT resources, low maintenance costs are advantages offered to increase the efficiency of an organization is expected to propel the Turkey Cloud Computing market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Turkey Cloud Computing Market By Service (Software as a Service, Platform as a Service, Infrastructure as a Service), By Deployment (Public, Private, Hybrid), By Application Type (Government, Small and Medium Sized Enterprises, Large Enterprises), By End User (IT and telecom, BFSI, Retail and consumer goods, Healthcare, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Turkey Cloud Computing market and provided statistics & information on market size, shares, structure and future market 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 of Turkey Cloud Computing market.
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