Public Cloud - Burkina Faso

Burkina Faso

Revenue in the Public Cloud market is projected to reach US$43.29m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$13.35m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.50%, resulting in a market volume of US$114.60m by 2029.
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 Burkina Faso is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience offered by online platforms. This is reflected in the substantial growth rate of the market. Factors such as the availability of various sub-markets and the need for efficient and cost-effective services are impacting this growth.

Customer preferences: As more businesses and organizations in Burkina Faso adopt cloud-based solutions, there is a growing demand for public cloud services that offer flexible and cost-effective options. This trend is driven by the country's increasing digitalization and a desire for scalability and efficiency. Additionally, there is a rising preference for remote work and collaboration tools, leading to a surge in demand for cloud-based productivity and communication platforms. These shifts highlight the importance of reliable and secure public cloud services in supporting the evolving needs of businesses and individuals in Burkina Faso.

Trends in the market: In Burkina Faso, there is a growing trend of businesses and organizations leveraging the public cloud for their IT infrastructure needs. This trend is driven by the increasing demand for cost-effective and scalable solutions, particularly in the wake of the COVID-19 pandemic. As more businesses shift to remote work and online operations, the public cloud offers a reliable and secure platform for data storage and collaboration. This trend is expected to continue in the coming years, as more organizations recognize the benefits of the public cloud and invest in cloud-based solutions. For industry stakeholders, this trend presents opportunities for growth and partnerships with cloud service providers. However, it also poses challenges in terms of data privacy and security, which must be addressed to maintain consumer trust.

Local special circumstances: In Burkina Faso, the Public Cloud Market is still in its early stages due to limited internet penetration and infrastructure challenges. However, the market is expected to grow due to the government's efforts to promote digitalization and the rising demand for cost-effective solutions among small and medium enterprises. Additionally, the country's unique cultural and geographical landscape, with a large rural population and limited access to traditional IT infrastructure, presents opportunities for cloud service providers to tailor their offerings to meet the specific needs of the local market.

Underlying macroeconomic factors: The Public Cloud Market in Burkina Faso is impacted by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. Strong economic growth and stable fiscal policies can attract investment and drive market growth, while economic downturns and restrictive policies may hinder market development. Other financial indicators, such as currency exchange rates and inflation rates, can also affect market performance. Furthermore, the country's level of technological advancement and digital infrastructure can influence the adoption and demand for public cloud services. Regions with more advanced technology and robust digital infrastructure may experience faster market growth compared to those with limited technological capabilities.

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.