Public Cloud - Cameroon

Cameroon

Revenue in the Public Cloud market is projected to reach US$118.40m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$43.14m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.96%, resulting in a market volume of US$294.10m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$9.49 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 Cameroon is experiencing rapid growth due to the increasing adoption of digital technologies, growing awareness of the benefits of online services, and the convenience offered by various sub-markets. This considerable growth rate can be attributed to the country's growing economy and the government's efforts to promote digital transformation in the healthcare sector.

Customer preferences: Cameroonian consumers are increasingly turning to public cloud services for their business needs, driven by the need for cost-effective and scalable solutions. This trend is further fueled by the growing number of small and medium-sized enterprises in the country, who are looking for efficient ways to manage their data and operations. Additionally, the rise of e-commerce and online business in Cameroon is also contributing to the demand for public cloud services, as businesses seek to streamline their online presence and operations.

Trends in the market: In Cameroon, the Public Cloud Market is experiencing a surge in demand from small and medium-sized enterprises (SMEs) as they seek to modernize their IT infrastructure and reduce operational costs. This trend is expected to continue, with SMEs increasingly adopting cloud-based solutions for storage, data management, and software applications. This shift towards the public cloud is significant as it allows SMEs to access advanced technology at a lower cost, enabling them to compete with larger companies. However, this trend also presents challenges for industry stakeholders, such as ensuring data security and addressing potential regulatory issues. As more businesses in Cameroon turn to the public cloud, there is a growing need for service providers to offer reliable and secure solutions to meet the evolving demands of their clients.

Local special circumstances: In Cameroon, the Public Cloud Market is still in its nascent stage, but is expected to witness significant growth in the coming years. The country's limited IT infrastructure and access to high-speed internet pose challenges for the adoption of cloud services. Additionally, cultural preferences for on-premise solutions and concerns over data security hinder the market's growth. However, the government's efforts to promote digitalization and the increasing demand for cost-effective IT solutions among small and medium enterprises are expected to drive the Public Cloud Market in Cameroon.

Underlying macroeconomic factors: The growth of the Public Cloud market in Cameroon is heavily influenced by macroeconomic factors such as government initiatives to promote digitalization, the country's overall economic stability, and investments in ICT infrastructure. As Cameroon continues to experience economic growth and a growing demand for digital services, the Public Cloud market is expected to witness significant growth. Additionally, the increasing adoption of cloud-based solutions by businesses, government agencies, and individuals is further driving the growth of the Public Cloud market in Cameroon.

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.