Public Cloud - Lesotho

Lesotho

In Lesotho, revenue in the Public Cloud market is projected to reach US$6,839.00k in 2024.
Infrastructure as a Service is anticipated to dominate the market with a projected market volume of US$2,101.00k in 2024.
Revenue in Lesotho 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.
In global comparison, most revenue will be generated the United States, amounting to US$388.50bn in 2024.
Lesotho is increasingly adopting public cloud solutions to enhance digital transformation initiatives, driven by the need for improved data management and service delivery.

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).

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud Market in Lesotho is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of cloud services, and the convenience offered by online solutions. This growth can be attributed to the various sub-markets including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. The market's growth rate is impacted by the country's increasing reliance on digital solutions and the competitive pricing offered by cloud service providers.

Customer preferences: As more and more businesses in Lesotho adopt cloud computing, the demand for public cloud services has seen a significant uptick. This trend is driven by the need for cost-effective and scalable solutions, particularly among small and medium-sized enterprises. Furthermore, the rise of remote work arrangements due to the pandemic has accelerated the adoption of public cloud services, as companies seek secure and accessible tools to support their distributed workforce.

Trends in the market: In Lesotho, the Public Cloud Market is seeing a rise in adoption of cloud-based solutions by government agencies, businesses, and individuals. This trend is driven by the need for more efficient and cost-effective IT services, as well as the increasing availability of high-speed internet. As a result, there is a growing demand for cloud storage, infrastructure, and software services. This trajectory is significant as it enables organizations to streamline their operations and improve accessibility to data and services. It also presents opportunities for industry stakeholders, such as cloud service providers, to tap into a growing market and offer innovative solutions to meet evolving needs. However, there may also be challenges in terms of data security and regulatory compliance, which stakeholders must address to maintain trust and sustain growth in the market.

Local special circumstances: In Lesotho, the Public Cloud Market is still in its nascent stage due to limited internet connectivity and low digital literacy. However, the market is expected to grow as the government has implemented initiatives to improve internet infrastructure and promote digital literacy. Additionally, the country's unique geography, with its mountainous terrain, presents challenges for traditional infrastructure, making cloud solutions a more viable option for businesses. Furthermore, the cultural values of communal living and sharing resources may also contribute to the adoption of public cloud services among small and medium-sized enterprises.

Underlying macroeconomic factors: The Public Cloud Market in Lesotho is influenced by macroeconomic factors such as the country's economic stability, government policies, and investments in digital infrastructure. With a growing economy and favorable regulatory environment, Lesotho is experiencing an increase in demand for cloud services. Moreover, the rise in digitalization and adoption of new technologies by businesses is driving the growth of the public cloud market in the country. Additionally, the increasing need for cost-effective and efficient IT solutions is further fueling the demand for public cloud services 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.