Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, Germany, China, Japan, United Kingdom
The Public Cloud market in Bosnia and Herzegovina is experiencing steady growth, driven by factors such as the increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience they offer. The average growth rate of the market is influenced by factors such as the availability of reliable infrastructure and the demand for various sub-markets, including Infrastructure as a Service, Platform as a Service, and Software as a Service.
Customer preferences: An emerging trend in the Public Cloud Market market in Bosnia and Herzegovina is the increasing adoption of cloud-based solutions for business operations. With a growing number of businesses embracing digital transformation, there is a rising demand for cloud services to improve efficiency and reduce costs. This trend is driven by the need for remote access and collaboration, especially in light of the recent shift to remote work due to the COVID-19 pandemic. Additionally, the ease of scalability and flexibility offered by public cloud solutions is attracting more businesses to make the switch.
Trends in the market: In Bosnia and Herzegovina, the Public Cloud Market is experiencing a significant growth in the demand for cloud-based services. This trend is driven by the increasing adoption of digital transformation strategies by businesses and organizations across various industries. As a result, there is a growing need for secure and scalable cloud solutions to support the storage and management of large amounts of data. This trend is expected to continue in the coming years, with the potential to transform the traditional IT landscape in the country. Industry stakeholders must adapt to these changes and invest in innovative cloud offerings to stay competitive and meet the evolving needs of their customers.
Local special circumstances: In Bosnia and Herzegovina, the Public Cloud Market is influenced by the country's unique geographical and cultural factors. The market is still in its early stages of development, with limited internet and mobile penetration. However, the government's efforts to modernize the country's infrastructure and increase digital literacy are driving the growth of the Public Cloud Market. Additionally, the country's strict data protection laws and regulations are also shaping the market, as businesses are required to comply with stringent privacy policies.
Underlying macroeconomic factors: The Public Cloud Market in Bosnia and Herzegovina is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the growing demand for efficient and cost-effective data storage solutions is driving the adoption of public cloud services in the country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)