Public Cloud - Bahrain

Bahrain

Revenue in the Public Cloud market is projected to reach US$119.60m in 2024.
Software as a Service dominates the market with a projected market volume of US$47.04m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.23%, resulting in a market volume of US$276.30m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$134.90 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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Analyst Opinion

The Public Cloud Market in Bahrain is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of online services, and the convenience they offer. The market's average growth rate is influenced by factors such as the availability of different sub-markets and the demand for services such as Infrastructure, Platform, Software, Business Process, and Desktop as a Service. These sub-markets play a significant role in shaping the overall growth of the market.

Customer preferences: One emerging trend in the Public Cloud Market in Bahrain is the growing demand for remote work and virtual collaboration tools. The shift towards these digital solutions is driven by the need for businesses to adapt to the changing work landscape and mitigate the impact of the COVID-19 pandemic. Additionally, the rise of remote work has led to an increase in demand for cloud-based communication and project management tools, as well as online training and e-learning platforms to support remote teams. This trend is likely to continue as companies recognize the benefits of remote work and prioritize digital solutions for their operations.

Trends in the market: In Bahrain, there is a growing trend towards digital transformation, with more businesses turning to public cloud solutions to improve efficiency and reduce costs. This trend is expected to continue in the coming years, with the government also promoting the adoption of cloud technologies. This has significant implications for industry stakeholders, as it opens up new opportunities for cloud service providers and creates a more competitive market. Additionally, with the increasing use of public cloud, data security and privacy will become crucial concerns for businesses and consumers alike, leading to the development of more robust cloud security solutions.

Local special circumstances: In Bahrain, the Public Cloud Market has been gaining traction due to the country's strategic location as a business hub in the Middle East, with easy access to both regional and global markets. Additionally, the government's efforts to diversify the economy and promote digital transformation have created a favorable environment for the growth of the Public Cloud Market. The country's small size and tight-knit business community also allow for quick adoption and implementation of cloud technologies, making it an attractive market for cloud service providers.

Underlying macroeconomic factors: The Public Cloud Market in Bahrain is heavily impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With Bahrain's strong economic growth and supportive regulatory environment, the market is expected to experience significant growth. Furthermore, the increasing adoption of cloud technology by businesses and the growing demand for cost-effective and efficient IT solutions are also contributing to the market's expansion. Additionally, the government's focus on digital transformation and investment in ICT infrastructure is creating a conducive environment for the growth of the Public Cloud Market in Bahrain.

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.