Public Cloud - Dominican Republic

Dominican Republic

Revenue in the Public Cloud market is projected to reach US$355.40m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$112.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.17%, resulting in a market volume of US$928.30m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$63.80 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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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Dominican Republic is experiencing significant growth due to customer preferences for flexible and scalable IT solutions, as well as the increasing adoption of cloud-based services by businesses in the country.

Customer preferences: In Dominican Republic, businesses are increasingly looking for IT solutions that offer flexibility and scalability to meet their changing needs. The Public Cloud market provides these benefits by allowing companies to easily scale their resources up or down as required, without the need for significant upfront investment in hardware or infrastructure. Additionally, businesses in the country are also attracted to the cost savings associated with using cloud-based services, as they eliminate the need for on-premises data centers and reduce IT maintenance and management costs.

Trends in the market: One of the key trends in the Public Cloud market in Dominican Republic is the growing adoption of Software-as-a-Service (SaaS) solutions. SaaS allows businesses to access software applications over the internet, eliminating the need for on-premises installation and maintenance. This trend is driven by the increasing availability of cloud-based software solutions that cater to various business needs, such as customer relationship management, human resources management, and accounting. The convenience and cost-effectiveness of SaaS solutions make them highly attractive to businesses in the country. Another trend in the market is the rising demand for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions. IaaS provides businesses with virtualized computing resources, such as virtual machines and storage, while PaaS offers a platform for developing, testing, and deploying applications. These solutions enable businesses to quickly and easily set up their IT infrastructure and develop and deploy applications without the need for extensive hardware and software investments. The increasing availability of IaaS and PaaS providers in Dominican Republic is driving the adoption of these services among businesses.

Local special circumstances: The Public Cloud market in Dominican Republic is also influenced by local circumstances. One such circumstance is the country's growing entrepreneurial ecosystem. As more startups and small businesses emerge in the country, there is a growing need for affordable and flexible IT solutions. Public Cloud services provide these businesses with the opportunity to access enterprise-grade IT infrastructure and software at a fraction of the cost, enabling them to compete with larger players in the market.

Underlying macroeconomic factors: The growth of the Public Cloud market in Dominican Republic is also supported by underlying macroeconomic factors. The country's stable economic growth and increasing investment in digital infrastructure create a favorable environment for the adoption of cloud-based services. Additionally, the government's focus on digital transformation and initiatives to promote the use of technology in various sectors further contribute to the development of the Public Cloud market. In conclusion, the Public Cloud market in Dominican Republic is experiencing growth due to customer preferences for flexible and scalable IT solutions, the increasing adoption of cloud-based services by businesses, and the favorable macroeconomic factors in the country. The trends in the market include the growing adoption of SaaS, IaaS, and PaaS solutions, driven by the availability of cloud-based software and the need for cost-effective IT infrastructure. The local circumstances, such as the growing entrepreneurial ecosystem, also contribute to the development of the market.

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.