Public Cloud - Madagascar

Madagascar

Revenue in the Public Cloud market is projected to reach US$34.62m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$11.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.32%, resulting in a market volume of US$94.81m by 2029.
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 Madagascar is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies, rising awareness about cloud services, and the convenience offered by online platforms. The market's growth rate is influenced by the various sub-markets, with Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as key players.

Customer preferences: As more businesses in Madagascar have begun to shift towards digital transformation, the demand for public cloud services has increased significantly. This trend is largely driven by the desire for remote access and collaboration, as well as the need for cost-effective and scalable solutions. Additionally, the rise of e-commerce and online services has led to a greater reliance on public cloud infrastructure for secure and efficient data storage and management.

Trends in the market: In Madagascar, the Public Cloud Market is experiencing an increase in demand for cloud-based storage and computing solutions, as more businesses and organizations look to streamline their operations and reduce costs. This trend is expected to continue as technology advancements and digital transformation initiatives drive the adoption of cloud services. This has significant implications for industry stakeholders, including cloud service providers and businesses looking to leverage the benefits of the cloud. As the market continues to grow, there will be opportunities for new players to enter the market and for existing players to expand their offerings to meet the evolving needs of customers. Additionally, the shift towards cloud-based solutions will also create a need for upskilling and reskilling of professionals in the IT sector in Madagascar, providing employment opportunities and contributing to the growth of the overall economy.

Local special circumstances: In Madagascar, the Public Cloud market is experiencing growth due to the country's increasing adoption of digital technologies and the government's initiatives to promote digitalization. The unique geographical landscape and limited access to traditional IT infrastructure have also driven the demand for cloud services. Additionally, the cultural emphasis on community and collaboration has influenced the preference for shared cloud solutions, leading to the rise of local cloud providers catering to these needs. Regulatory support for data privacy and security is also a key factor in driving the growth of the Public Cloud market in Madagascar.

Underlying macroeconomic factors: The Public Cloud Market in Madagascar is heavily influenced by macroeconomic factors such as global economic trends, the country's national economic health, fiscal policies, and other relevant financial indicators. As the global demand for cloud computing continues to rise, Madagascar's economy can benefit from this trend by attracting foreign investment and driving local market growth. Furthermore, the government's policies and investments in technology infrastructure can also have a significant impact on the development of the Public Cloud Market. With the increasing adoption of cloud-based solutions by businesses and organizations, Madagascar has the potential to become a regional leader in the public cloud market. However, challenges such as limited internet connectivity and a lack of skilled workforce may hinder the market's growth in the country.

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.