Public Cloud - Angola

Angola

Revenue in the Public Cloud market is projected to reach US$155.40m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$58.31m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.58%, resulting in a market volume of US$364.40m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$9.77 in 2024.
In global comparison, most revenue will be generated in the United States (US$388.50bn in 2024).

Key regions: United States, Germany, China, Japan, United Kingdom

Definition:

A public cloud is defined as the digital infrastructure and computing resources that are managed by a service provider. Examples of public cloud computing resources include virtual machines, storage, and services, all of which are available for purchase with flexible (e.g., pay as you go and subscription) business models. Such payment options make it possible for customers to access, scale, and utilize resources as needed. Public cloud solutions make it possible for users to save on IT costs, increase their efficiency, and take advantage of advanced technologies without having to invest in long-term IT solutions. Public cloud service providers own and maintain the physical infrastructure, hardware, and software. Users only need to pay for the computing resources that they require. The Public Cloud market refers to the companies that provide these cloud computing resources and services to individuals, businesses, and organizations.

Structure:

The Public Cloud market is structured into five markets based on the type of service models provided by the companies.

The Infrastructure as a Service (IaaS) market covers the resources and services related to the data center infrastructure.
The Platform as a Service (PaaS) market covers the resources and services related to the virtual environments used for software development.
The Software as a Service market (SaaS) market covers the resources and services related to software applications that can be accessed via a web browser.
The Business Process as a Service (BPaaS) market covers the resources and services related to the various business processes such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud.
The Desktop as a Service (DaaS) market covers the resources and services related to virtual desktop environments, which are accessible from any device with an internet connection.

Additional Information:

The public cloud market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the public cloud market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (Cloud), and IBM (Cloud).

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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Angola is seeing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of online services, and the convenience offered by cloud solutions. This mild growth rate may be impacted by factors such as limited infrastructure and technology adoption in certain regions, as well as the cost of implementing and maintaining cloud services.

Customer preferences: As Angola's digital landscape continues to evolve, there has been a notable increase in consumer demand for public cloud services. This can be attributed to the growing adoption of digital transformation strategies by businesses, as well as the rise of remote and hybrid work models. With the shift towards cloud-based solutions, there is a growing emphasis on data security and privacy, leading to a surge in demand for advanced cloud security services. This trend is also fueled by the increasing importance of data protection regulations and compliance requirements.

Trends in the market: In Angola, the Public Cloud Market is experiencing a surge in demand for cloud-based services, with more businesses and government agencies adopting cloud solutions for data storage and processing. This trend is expected to continue as the country's economy grows and digitalization becomes more prevalent. As a result, we can expect to see an increase in cloud service providers entering the market and offering a wider range of services. This will also have implications for industry stakeholders, as they will need to adapt to the changing landscape and compete with new players in the market. Additionally, there may be a shift towards more specialized and tailored cloud solutions to meet the specific needs of businesses in Angola.

Local special circumstances: In Angola, the Public Cloud Market is experiencing rapid growth due to the country's increasing digitalization efforts and investment in ICT infrastructure. The lack of reliable traditional IT infrastructure has made cloud computing an attractive option for businesses looking to improve efficiency and reduce costs. Additionally, the government's efforts to diversify the economy away from oil dependence have led to increased demand for innovative technology solutions, further driving the growth of the Public Cloud Market in Angola.

Underlying macroeconomic factors: The Public Cloud Market in Angola is influenced by macroeconomic factors such as the country's overall economic health and government policies related to technology and innovation. As the country continues to grow and develop, there is a growing demand for cloud-based services to support businesses and government operations. Additionally, the rise of digital transformation and the need for cost-effective solutions are driving the adoption of public cloud services in the country. Furthermore, the government's efforts to improve digital infrastructure and promote a favorable business environment for technology companies are also contributing to the growth of the public cloud market in Angola.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of telecommunications infrastructure. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. 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.