Public Cloud - Lesotho

Lesotho

Revenue in the Public Cloud market is projected to reach US$6,839.00k in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$2,203.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.50%, resulting in a market volume of US$15,320.00k by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$6.75 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

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Analyst Opinion

The Public Cloud market in Lesotho has seen rapid growth due to factors such as increasing demand for digital solutions, rising awareness of the benefits of cloud services, and the convenience of online platforms. The market's considerable growth rate is driven by the availability of Infrastructure, Platform, Software, Business Process, and Desktop as a Service options, providing a wide range of solutions for businesses and individuals.

Customer preferences: As technology adoption and internet connectivity continue to increase, consumers in Lesotho are increasingly relying on public cloud services for data storage and access. This trend is driven by the growing demand for remote work and collaboration tools, as well as the need for cost-effective and scalable solutions for businesses. The shift towards cloud-based systems also reflects a shift in cultural attitudes towards technology, with more individuals and organizations embracing the convenience and flexibility of digital solutions.

Trends in the market: In Lesotho, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, as businesses and organizations seek to modernize their IT infrastructure and operations. This trend is expected to continue as more companies recognize the benefits of increased flexibility, scalability, and cost savings offered by the public cloud. Additionally, the government's push for digital transformation and the rise of e-commerce in the country are further driving the adoption of public cloud services. These trends have significant implications for industry stakeholders, as they will need to adapt to the growing demand and invest in cloud-based solutions to remain competitive in the market. Furthermore, as the public cloud becomes more prevalent in Lesotho, it may also open up opportunities for local cloud service providers to establish themselves in the market.

Local special circumstances: In Lesotho, the Public Cloud Market is experiencing significant growth due to the country's increasing adoption of digital technologies. The government's efforts to improve internet access and digital literacy have created a favorable environment for cloud services. Additionally, the country's unique geographical location, being completely surrounded by South Africa, has led to a strong collaboration between the two countries' cloud markets. This partnership has facilitated the development of innovative solutions tailored to the needs of the local market and has opened up opportunities for international expansion.

Underlying macroeconomic factors: The Public Cloud market in Lesotho is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. With the country's small and open economy, Lesotho's Public Cloud market is vulnerable to fluctuations in global economic conditions. Additionally, the government's fiscal policies and investment in information and communication technology (ICT) infrastructure play a crucial role in driving the growth of the Public Cloud market. Furthermore, the country's increasing digitalization and adoption of cloud computing technologies are also contributing to the growth of the market. These factors, coupled with the government's focus on promoting digital transformation and entrepreneurship, are expected to drive the growth of the Public Cloud market in Lesotho.

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.