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Mon - Fri, 9am - 6pm (EST)
Key regions: United Kingdom, China, France, Netherlands, Germany
The Public Cloud Market in Bhutan is experiencing considerable growth, driven by the increasing adoption of Infrastructure as a Service. Factors such as the convenience of online services and rising awareness about digital technologies are fueling this growth rate.
Customer preferences: As Bhutan continues to invest in its digital infrastructure, the demand for Infrastructure as a Service (IaaS) within the Public Cloud Market is expected to rise. This trend is driven by a growing preference for flexible and scalable computing solutions among businesses and organizations in the country. Additionally, the emergence of remote work and the need for secure and accessible data storage have also contributed to the increased demand for IaaS in Bhutan.
Trends in the market: In Bhutan, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud storage and computing solutions. This trend is driven by the increasing adoption of digital transformation strategies by organizations and the government's push towards a digital economy. As a result, there is a growing need for secure and scalable infrastructure solutions, leading to the rise of specialized IaaS providers. This trend is expected to continue in the coming years, with potential implications for industry stakeholders such as increased competition, the need for robust security measures, and the emergence of innovative solutions for data management and analysis.
Local special circumstances: In Bhutan, the Infrastructure as a Service (IaaS) market within the Public Cloud Market is still in its nascent stage due to limited internet connectivity and technological infrastructure. However, the government's Digital Drukyul Initiative is promoting the use of cloud computing in various sectors, leading to the growth of the IaaS market. The country's strong focus on sustainability and environmental conservation also influences the adoption of cloud services, as it enables organizations to reduce their carbon footprint. Additionally, Bhutan's unique cultural values, such as the concept of Gross National Happiness, may shape the demand for cloud services and influence market dynamics.
Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Bhutan is influenced by various macroeconomic factors. Global economic trends, such as the increasing adoption of cloud computing and digital transformation, are contributing to the growth of the market. In addition, the national economic health of Bhutan, which has been steadily improving in recent years, is creating a favorable environment for the development of the public cloud market. Fiscal policies that support the growth of the IT industry and investments in digital infrastructure are also driving the demand for Infrastructure as a Service in Bhutan. These factors, combined with the increasing demand for digital solutions and services, are expected to boost the growth of the public cloud market in Bhutan.
Data coverage:
The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the relevant segment. 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)