Public Cloud - Kyrgyzstan

Kyrgyzstan

In Kyrgyzstan, revenue in the Public Cloud market is projected to reach US$32.56m in 2024.
Platform as a Service is expected to dominate this market with a projected market volume of US$9.50m in 2024.
Additionally, revenue in Kyrgyzstan's Public Cloud market sector is anticipated to show an annual growth rate (CAGR 2024-2029) of 19.99%, resulting in a market volume of US$80.98m by 2029.
In a global context, it is noteworthy that the majority of revenue will be generated the United States, with figures reaching US$388.50bn in 2024.
Kyrgyzstan is increasingly embracing public cloud solutions to enhance digital transformation initiatives, driven by a growing demand for efficient data management and accessibility.

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 Kyrgyzstan is witnessing significant growth, driven by the rising adoption of digital technologies, increasing health consciousness among consumers, and the convenience of online health services. Factors such as Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service are also contributing to the considerable growth rate of the market.

Customer preferences: As technology continues to advance and internet accessibility increases, consumers in Kyrgyzstan are showing a growing preference for digital solutions in various aspects of their lives. This includes a rise in demand for public cloud services, as individuals and businesses seek convenient and cost-effective ways to store and access their data. Additionally, the shift towards remote work and online learning has also contributed to the popularity of public cloud services, as they provide a secure and efficient platform for collaboration and information sharing.

Trends in the market: In Kyrgyzstan, the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud-based services by businesses and government organizations. This trend is expected to continue as the country's digital transformation efforts accelerate and more organizations prioritize cost efficiency and scalability. This development presents significant opportunities for industry stakeholders, such as cloud service providers, to expand their market presence and offerings. However, it also poses challenges, such as the need for robust cybersecurity measures to protect sensitive data in the cloud. Overall, the current trajectory of the Public Cloud Market in Kyrgyzstan points towards a more digitally-driven economy, with implications for the country's economic growth and competitiveness in the global market.

Local special circumstances: In Kyrgyzstan, the Public Cloud Market is rapidly growing due to the country's geographical location, positioned between China and Russia, making it a strategic hub for data centers. Additionally, the country's strong IT sector and government support for digital transformation have further boosted the market. Furthermore, the country's diverse cultural influences and recent regulatory changes promoting data privacy and security have shaped the market's competitive landscape and adoption rates. This unique combination of factors has positioned Kyrgyzstan as a promising market for public cloud services, with a projected growth rate of 23.5% until 2026.

Underlying macroeconomic factors: The Public Cloud Market in Kyrgyzstan is influenced by macroeconomic factors such as the country's economic growth, government policies, and investment in ICT infrastructure. Rapid economic growth, favorable government regulations, and increasing investment in digital technologies have created a conducive environment for the growth of the Public Cloud Market. Additionally, the rise in demand for cost-effective and flexible IT solutions, coupled with the increasing adoption of cloud computing by businesses, is driving the growth of the market in Kyrgyzstan.

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.