Public Cloud - Mauritius

Mauritius

Revenue in the Public Cloud market is projected to reach US$65.15m in 2024.
Software as a Service dominates the market with a projected market volume of US$30.95m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.23%, resulting in a market volume of US$157.00m 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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Analyst Opinion

The Public Cloud market in Mauritius is experiencing considerable growth, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience offered by online solutions. This growth is also influenced by the availability of various sub-markets, each catering to different needs of businesses and individuals, leading to an overall rapid expansion of the market.

Customer preferences: In Mauritius, there is a growing demand for Public Cloud services as more and more businesses and organizations shift towards digital transformation. This trend is driven by the need for efficient and cost-effective solutions to manage and store large amounts of data. Additionally, the rise of remote work and virtual collaboration has also led to an increased adoption of Public Cloud services, as it offers a convenient and secure platform for teams to work together from anywhere. This shift towards a digital-first approach is also influenced by the country's tech-savvy population and its growing economy, which is driving the demand for advanced technological solutions.

Trends in the market: In Mauritius, the Public Cloud Market is experiencing a surge in demand as businesses seek to modernize their operations and reduce IT costs. This trend is expected to continue as the country's digital infrastructure continues to develop. Additionally, there is a growing focus on data privacy and security, leading to a rise in the adoption of cloud-based solutions. These trends have significant implications for industry stakeholders, including increased competition and the need for advanced security measures. This trajectory is expected to shape the market in the coming years, with a potential shift towards hybrid cloud solutions and the emergence of local cloud providers in Mauritius.

Local special circumstances: In Mauritius, the Public Cloud Market is seeing growth due to its strategic location as a business hub in the region and its favorable regulatory environment for foreign investments. The island's strong ICT infrastructure and digitally literate population are driving the adoption of cloud services, especially in the government and banking sectors. Additionally, with a growing emphasis on data privacy and security, the demand for cloud solutions that comply with international standards is increasing.

Underlying macroeconomic factors: The Public Cloud Market in Mauritius is heavily influenced by macroeconomic factors such as economic growth, government policies, and technological advancements. The country's stable economic growth and supportive government policies have created a favorable environment for the adoption of public cloud services. Additionally, the increasing focus on digital transformation and the government's initiatives to promote a digital economy have also contributed to the growth of the public cloud market in Mauritius. Furthermore, the country's strategic location and strong ICT infrastructure make it an attractive destination for companies looking to expand their cloud services. Overall, these factors are expected to drive the growth of the public cloud market in Mauritius in the coming years.

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.