Public Cloud - Laos

Laos

Revenue in the Public Cloud market is projected to reach US$31.56m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$9.97m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.21%, resulting in a market volume of US$79.21m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$9.94 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 Laos is experiencing significant growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In line with global trends, customers in Laos are increasingly adopting Public Cloud services due to the numerous benefits they offer. Public Cloud services provide scalability, flexibility, and cost-effectiveness, allowing businesses to easily adjust their computing resources based on their needs. Additionally, Public Cloud services offer enhanced security measures and data protection, which are crucial considerations for businesses in today's digital landscape. As a result, more and more customers in Laos are opting for Public Cloud solutions to meet their IT infrastructure and application needs.

Trends in the market: One of the key trends in the Public Cloud market in Laos is the growing demand for Software-as-a-Service (SaaS) solutions. SaaS allows businesses to access and use software applications over the internet, eliminating the need for on-premises infrastructure and reducing upfront costs. This trend is driven by the increasing number of businesses in Laos that are looking for cost-effective and efficient ways to manage their operations and improve productivity. Furthermore, the rise of remote work and the need for collaboration tools have also contributed to the growing popularity of SaaS solutions in the country. Another trend in the Public Cloud market in Laos is the adoption of Infrastructure-as-a-Service (IaaS) solutions. IaaS provides businesses with virtualized computing resources, such as virtual machines and storage, enabling them to build and manage their IT infrastructure without the need for physical hardware. This trend is fueled by the need for businesses to scale their operations quickly and efficiently, without incurring significant capital expenditures. Additionally, IaaS solutions offer high levels of reliability and uptime, ensuring that businesses can operate smoothly and effectively.

Local special circumstances: Laos is a developing country with a growing digital economy. The government of Laos has recognized the importance of digital transformation and has been actively promoting the adoption of technology in various sectors. This has created a favorable environment for the growth of the Public Cloud market, with increased investments in digital infrastructure and initiatives to improve internet connectivity across the country. Furthermore, the government's focus on attracting foreign investments and promoting entrepreneurship has also contributed to the development of the Public Cloud market in Laos.

Underlying macroeconomic factors: The Public Cloud market in Laos is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in business activities and the need for efficient IT solutions. Additionally, the rising internet penetration rate and the growing smartphone adoption in Laos have expanded the potential customer base for Public Cloud services. These factors, combined with the increasing digital literacy among businesses and individuals, have created a conducive environment for the growth of the Public Cloud market in Laos. In conclusion, the Public Cloud market in Laos is witnessing significant growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The adoption of Public Cloud services, particularly SaaS and IaaS solutions, is on the rise as businesses in Laos seek cost-effective and efficient ways to manage their operations. The government's focus on digital transformation and the country's favorable macroeconomic conditions further contribute to the growth of the Public Cloud market in Laos.

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.