Public Cloud - Cambodia

Cambodia

Revenue in the Public Cloud market is projected to reach US$83.64m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$29.17m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.28%, resulting in a market volume of US$228.70m 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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Market

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Analyst Opinion

The Public Cloud market in Cambodia is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of cloud services, and the convenience offered by online platforms. The considerable growth rate can be attributed to the increasing demand for various sub-markets such as Infrastructure, Platform, and Software as a Service. Factors such as cost-effectiveness, scalability, and flexibility are also impacting the market's growth.

Customer preferences: With the rising popularity of e-commerce and online shopping, Cambodian consumers are increasingly turning to public cloud services for secure and convenient transactions. This trend is driven by the country's growing digital infrastructure and the desire for contactless payments. Additionally, as more businesses move online, the demand for cloud-based solutions for storage, collaboration, and communication is also on the rise. This shift towards digitalization and reliance on cloud technology is expected to continue as Cambodia's economy further embraces the digital age.

Trends in the market: In Cambodia, the Public Cloud Market is seeing a surge in demand for cloud-based services, driven by the country's increasing digitalization and adoption of technology. This trend is expected to continue on an upward trajectory, with more businesses and organizations shifting towards cloud solutions for their operations and data management. This shift signifies the growing significance of the cloud market in Cambodia and presents opportunities for industry stakeholders such as cloud service providers and IT companies. It also highlights the need for infrastructure development and improved internet connectivity to support the growth of the public cloud market in the country.

Local special circumstances: In Cambodia, the Public Cloud Market is growing due to the country's improving internet infrastructure and increasing adoption of technology. The market is also heavily influenced by the government's push for digital transformation and the rise of startups and SMEs in the country. Additionally, the cultural mindset of embracing new technology and the relatively affordable cost of cloud services have contributed to the market's growth. The market also faces unique challenges such as limited access to reliable electricity and data privacy regulations.

Underlying macroeconomic factors: The Public Cloud Market in Cambodia is heavily influenced by macroeconomic factors such as government initiatives and technological advancements. The country's fast-growing economy and increasing investment in digital infrastructure have created a favorable environment for the adoption of cloud services. Moreover, Cambodia's young and tech-savvy population is also driving the demand for public cloud solutions, as they seek more efficient and cost-effective ways to access and store data. Additionally, the government's push towards digitalization and the rising popularity of e-commerce in the country are expected to further fuel the growth of the public cloud market in Cambodia.

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.