Market Forecast By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Organization Size Large enterprises ( Small , Medium Enterprises SMEs), By Verticals (BFSI, Telecommunication, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utility, Media & Entertainment) And Competitive Landscape
Product Code: ETC4427679 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Turkey Public Cloud Market |
Forecast period | 2025-2031 |
CAGR | 12% |
Growing Sector | BFSI (Banking, Financial Services and Insurance) |
This report on the Turkey Public Cloud Market thoroughly covers the market by Service Model, by Organization Size , and by Verticals . The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Turkey Public Cloud Market is expected to witness substantial growth due to the increasing adoption of cloud computing services across various sectors. The market is being propelled by trends such as technological advancements in cloud infrastructure, increasing digitalization of businesses, and the growing need for cost-effective computing solutions. Furthermore, government initiatives promoting the use of cloud technologies and the rise of big data analytics are expected to steer the market forward.
According to 6Wresearch, the Turkey Public Cloud Market is projected to grow at a significant CAGR Of 12% during the forecast period of 2025-2031. The Public Cloud Market in Turkey is observing robust growth, spurred by the innovative application of cloud solutions across industries like BFSI, Retail & Consumer Goods, and Government & Public Sector. High-end public cloud services play an essential role in various industries and are increasingly being adopted owing to their numerous benefits, creating mounting demand. With the evolution of technology and a heightened focus on data management, the demand for public cloud services in Turkey is expected to escalate further. Additionally, the increasing digitalization of businesses and the upward trend in remote working are also expected to contribute to market growth.
Despite the promising growth prospects for the Turkey Public Cloud Market, certain challenges may curb its progress. One of the significant challenges is data security concerns related to cloud services, which can impact industry regulations and usage. This can lead to slower adoption rates in certain sectors. However, with the continued research and advancements in technology, these challenges are expected to be mitigated in the upcoming years.
The leading players in Turkey's public cloud industry include global giants like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, which dominate the market with their extensive infrastructure and service offerings. Additionally, local and regional providers such as Turkcell, Vodafone Turkey, and KoçSistem are also significant contributors, leveraging their strong local presence and customer relationships. These companies cater to various sectors, including finance, retail, and government, providing tailored cloud solutions that address specific regional needs and compliance requirements.
The public cloud market in Turkey is shaped by several government regulations aimed at ensuring data security, privacy, and compliance with national standards. Key regulations include the Law on the Protection of Personal Data (KVKK), which aligns with the European Union's GDPR, mandating strict data protection and privacy measures for personal data. Additionally, the Information and Communication Technologies Authority (BTK) enforces regulations that require data localization for certain types of sensitive information, ensuring that data is stored within the country. These regulations are designed to enhance trust in cloud services, protect citizens' data, and support the digital transformation initiatives within Turkey.
The future of Turkey's public cloud market looks promising, driven by increasing digital transformation across various sectors, including finance, healthcare, and government. With a growing emphasis on data security, compliance, and digital infrastructure, both global and local cloud providers are expected to expand their investments in the country. The Turkish government's push for smart cities, e-government services, and the adoption of emerging technologies such as AI, IoT, and big data analytics will further propel cloud adoption. Additionally, the market is likely to see enhanced competition, innovation, and more tailored solutions to meet the specific needs of Turkish enterprises and public sector organizations.
According to Ravi Bhandari, Research Head, 6Wresearch, Software as a Service (SaaS) is expected to witness the highest growth in the Turkey Public Cloud market. This can be attributed to its cost-effectiveness and ease of use for businesses, as it allows them to access software solutions through the cloud on a subscription basis.
The Small and Medium Enterprises (SMEs) segment is expected to witness the highest growth in the Turkey Public Cloud market. This can be attributed to the increasing adoption of cloud-based solutions by smaller businesses, driven by their need for cost-effective IT solutions and the ease of scalability offered by public cloud services.
The BFSI (Banking, Financial Services and Insurance) sector is expected to witness the highest growth in the Turkey Public Cloud market. This can be attributed to the sector's growing reliance on technology and data-driven solutions, as well as increasing regulatory requirements for data security and privacy.
The report offers a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Turkey Public Cloud Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Public Cloud Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Public Cloud Market - Industry Life Cycle |
3.4 Turkey Public Cloud Market - Porter's Five Forces |
3.5 Turkey Public Cloud Market Revenues & Volume Share, By Service Model, 2021 & 2031F |
3.6 Turkey Public Cloud Market Revenues & Volume Share, By Organization Size Large enterprises, 2021 & 2031F |
3.7 Turkey Public Cloud Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
4 Turkey Public Cloud Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Public Cloud Market Trends |
6 Turkey Public Cloud Market, By Types |
6.1 Turkey Public Cloud Market, By Service Model |
6.1.1 Overview and Analysis |
6.1.2 Turkey Public Cloud Market Revenues & Volume, By Service Model, 2021 - 2031F |
6.1.3 Turkey Public Cloud Market Revenues & Volume, By Infrastructure as a Service, 2021 - 2031F |
6.1.4 Turkey Public Cloud Market Revenues & Volume, By Platform as a Service, 2021 - 2031F |
6.1.5 Turkey Public Cloud Market Revenues & Volume, By Software as a Service, 2021 - 2031F |
6.2 Turkey Public Cloud Market, By Organization Size Large enterprises |
6.2.1 Overview and Analysis |
6.2.2 Turkey Public Cloud Market Revenues & Volume, By Small , 2021 - 2031F |
6.2.3 Turkey Public Cloud Market Revenues & Volume, By Medium Enterprises SMEs, 2021 - 2031F |
6.3 Turkey Public Cloud Market, By Verticals |
6.3.1 Overview and Analysis |
6.3.2 Turkey Public Cloud Market Revenues & Volume, By BFSI, 2021 - 2031F |
6.3.3 Turkey Public Cloud Market Revenues & Volume, By Telecommunication, 2021 - 2031F |
6.3.4 Turkey Public Cloud Market Revenues & Volume, By IT & ITeS, 2021 - 2031F |
6.3.5 Turkey Public Cloud Market Revenues & Volume, By Government & Public Sector, 2021 - 2031F |
6.3.6 Turkey Public Cloud Market Revenues & Volume, By Retail & Consumer Goods, 2021 - 2031F |
6.3.7 Turkey Public Cloud Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.8 Turkey Public Cloud Market Revenues & Volume, By Media & Entertainment, 2021 - 2031F |
6.3.9 Turkey Public Cloud Market Revenues & Volume, By Media & Entertainment, 2021 - 2031F |
7 Turkey Public Cloud Market Import-Export Trade Statistics |
7.1 Turkey Public Cloud Market Export to Major Countries |
7.2 Turkey Public Cloud Market Imports from Major Countries |
8 Turkey Public Cloud Market Key Performance Indicators |
9 Turkey Public Cloud Market - Opportunity Assessment |
9.1 Turkey Public Cloud Market Opportunity Assessment, By Service Model, 2021 & 2031F |
9.2 Turkey Public Cloud Market Opportunity Assessment, By Organization Size Large enterprises, 2021 & 2031F |
9.3 Turkey Public Cloud Market Opportunity Assessment, By Verticals, 2021 & 2031F |
10 Turkey Public Cloud Market - Competitive Landscape |
10.1 Turkey Public Cloud Market Revenue Share, By Companies, 2024 |
10.2 Turkey Public Cloud Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |