Public Cloud - Guinea

Guinea

In Guinea, revenue in the Public Cloud market is projected to reach US$41.32m in 2024.
Infrastructure as a Service is expected to dominate the market in Guinea with a projected market volume of US$12.44m in 2024.
Revenue in the Public Cloud market sector in Guinea is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 21.21%, which would result in a market volume of US$108.10m by 2029.
In a global context, the majority of revenue will be generated the United States, amounting to US$388.50bn in 2024.
As Guinea's digital infrastructure develops, the public cloud market is increasingly seen as a vital enabler for local businesses seeking innovation and efficiency.

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 Guinea is experiencing significant growth, driven by the increasing adoption of digital technologies, rising awareness of the benefits of online services, and the convenience they offer. With considerable growth and various sub-markets, factors such as accessibility, cost-effectiveness, and ease of use are impacting this growth rate.

Customer preferences: As technology becomes more integrated into daily life in Guinea, there has been a notable increase in demand for digital solutions in the Public Cloud Market. This includes a growing preference for online collaboration and communication tools, as well as a shift towards remote work. Additionally, the need for secure and efficient data storage and management has led to a rise in the adoption of cloud services among businesses and organizations. This trend is driven by the desire for flexibility and scalability, as well as the need for cost-effective solutions.

Trends in the market: In Guinea, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing need for remote work and digital transformation. This trend is expected to continue as businesses prioritize agility and scalability in the wake of the pandemic. Additionally, there is a growing focus on data security and compliance, with organizations adopting hybrid and multi-cloud strategies. These developments have significant implications for industry stakeholders, who must adapt to the evolving cloud landscape and provide innovative solutions to meet the changing needs of their clients.

Local special circumstances: In Guinea, the Public Cloud Market is still in its nascent stage due to limited internet connectivity and infrastructure. However, the government's efforts to promote digitalization and attract foreign investments are likely to drive market growth. The country's unique geographical and cultural diversity, as well as its evolving regulatory environment, could present challenges for market players. The success of the Public Cloud Market in Guinea will depend on its ability to adapt to these local factors and provide solutions that cater to the needs of the population.

Underlying macroeconomic factors: The Public Cloud Market in Guinea is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Countries with supportive regulatory environments and robust investments in digital technologies are experiencing rapid market growth, while regions with regulatory challenges and limited funding are struggling to keep pace. Furthermore, the rising prevalence of chronic diseases and aging populations globally are fueling the demand for public cloud solutions to improve access and outcomes in the healthcare sector.

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.