Public Cloud - Ivory Coast

Ivory Coast

Revenue in the Public Cloud market is projected to reach US$160.50m in 2024.
Platform as a Service dominates the market with a projected market volume of US$50.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.07%, resulting in a market volume of US$435.00m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$13.71 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

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Currency

Analyst Opinion

The Public Cloud market in Ivory Coast is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of online services, and the convenience offered by cloud solutions. This growth rate is substantial and is influenced by the various sub-markets within the industry.

Customer preferences: The demand for public cloud services in Ivory Coast is being driven by a growing preference for digital solutions in various industries. Businesses are increasingly adopting cloud-based tools for data management, collaboration, and customer engagement. This trend is also reflected in the rise of online education and e-commerce platforms, as well as the increasing use of digital payment methods. The convenience and scalability of public cloud services are appealing to both businesses and consumers, leading to a significant shift towards cloud-based solutions across various sectors.

Trends in the market: In Ivory Coast, the Public Cloud Market is experiencing a surge in demand for Software as a Service (SaaS) solutions, as more businesses and organizations are embracing digital transformation. This trend is expected to continue on an upward trajectory, with the potential to significantly impact the way businesses operate and access technology. With the increasing adoption of SaaS, there is a shift towards a subscription-based model, providing a more cost-effective and scalable solution for companies. This trend also opens up opportunities for cloud service providers and vendors to expand their offerings and cater to the growing demand for cloud-based solutions in the region. Additionally, the rise of SaaS is leading to a more competitive market, driving innovation and improvements in service offerings, ultimately benefiting the end-users.

Local special circumstances: In Ivory Coast, the Public Cloud market is still in its nascent stage, but it is expected to witness significant growth in the coming years. This is due to the government's efforts to promote digital transformation and increase access to technology. The country's large youth population and rising internet penetration rates are also driving the demand for cloud services. Additionally, the unique regulatory environment, with the government's focus on data privacy and security, is shaping the market landscape and influencing the adoption of public cloud solutions.

Underlying macroeconomic factors: The Public Cloud Market in Ivory Coast is impacted by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Countries with stable economies and supportive government policies are experiencing faster market growth compared to those with economic challenges and limited government support. Additionally, the increasing demand for digital transformation and the adoption of cloud-based technologies by businesses in Ivory Coast are driving the growth of the Public Cloud Market. This is further supported by the country's efforts to improve its digital infrastructure and promote the use of technology in various sectors.

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.