Public Cloud - Myanmar

Myanmar

Revenue in the Public Cloud market is projected to reach US$193.40m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$72.39m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.28%, resulting in a market volume of US$466.90m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$7.76 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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Analyst Opinion

The Public Cloud market in Myanmar is experiencing remarkable growth, driven by factors such as increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience offered by various sub-markets. This considerable growth rate can be attributed to the country's increasing demand for efficient and cost-effective cloud solutions for business processes, infrastructure, software, and desktop services.

Customer preferences: As technology adoption continues to grow in Myanmar, there has been a noticeable push towards digitalization in various sectors, including healthcare. Consumers are now seeking online healthcare solutions, such as telemedicine and virtual consultations, for increased convenience and accessibility. This trend is also driven by the increasing number of chronic health conditions and the need for remote monitoring and management. Additionally, the younger demographic's preference for digital solutions is also contributing to the growing demand for public cloud services in the country.

Trends in the market: In Myanmar, the Public Cloud Market is experiencing a surge in demand for cloud-based services, driven by the rapid adoption of digital technologies. This trend is expected to continue, with businesses and organizations seeking cost-effective and scalable solutions for their data storage and management needs. The shift towards a digital economy in Myanmar is also driving the growth of the Public Cloud Market, as more companies embrace remote work and online operations. This presents opportunities for cloud service providers to expand their offerings and cater to the evolving needs of their clients. Additionally, the rise of e-commerce and online payment systems in Myanmar is expected to further drive the demand for public cloud services, as businesses look for secure and reliable ways to store and process customer data. This trend is significant as it not only highlights the growing importance of cloud technology in Myanmar, but also presents potential implications for industry stakeholders, such as increased competition and the need for continuous innovation to meet the evolving demands of the market.

Local special circumstances: In Myanmar, the Public Cloud Market is still in its early stages of development due to the limited internet penetration and infrastructure. However, with the government's push for digital transformation and increasing mobile phone usage, the market is expected to grow rapidly in the coming years. Moreover, the country's unique cultural landscape, with a strong emphasis on community and social connections, may influence the adoption of cloud services and impact the market dynamics. Additionally, regulatory challenges and limited access to reliable electricity may also play a role in shaping the growth of the Public Cloud Market in Myanmar.

Underlying macroeconomic factors: The growth of the Public Cloud market in Myanmar is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for digital infrastructure. Additionally, the increasing adoption of cloud-based solutions by businesses and the growing digitalization of industries are driving the demand for public cloud services in Myanmar.

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.