Public Cloud

Myanmar

Highlights

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$69.49m 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.
In global comparison, most revenue will be generated United States (US$388.50bn in 2024).

Key regions:

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 definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Public Cloud Market in Myanmar 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 of online solutions. This growth can also be attributed to the various sub-markets within the Public Cloud Market, such as Infrastructure as a Service, Platform as a Service, and Software as a Service. Additionally, the country's rapid economic development and government initiatives to promote digital transformation are also contributing to the market's growth rate.

Customer preferences: With the rapid growth of e-commerce and online shopping in Myanmar, consumers are increasingly looking for secure and efficient payment solutions. This has led to a rise in demand for digital payment platforms and mobile wallets, as well as the adoption of QR code and contactless payments. This trend is driven by the convenience and safety offered by cashless transactions, as well as the increasing availability of smartphones and internet access in the country.

Trends in the market: In Myanmar, the Public Cloud Market is experiencing a surge in demand for cloud-based services, with more businesses and organizations embracing digital transformation. This trend is expected to continue as the country's economy and infrastructure develop, making cloud technology an essential tool for growth and efficiency. With the government's initiatives to improve internet connectivity and increase digital literacy, there is significant potential for the public cloud market in Myanmar to expand and drive innovation in various industries. This presents opportunities for cloud service providers to establish a foothold in the market and cater to the evolving needs of businesses and consumers. As the market grows, it is also likely to attract investments and partnerships, further accelerating its growth and contributing to the country's overall digitalization efforts.

Local special circumstances: In Myanmar, the Public Cloud Market is still in its nascent stage, with limited infrastructure and internet connectivity. However, the country's recent political and economic reforms have led to a surge in demand for cloud services, particularly among small and medium enterprises. Additionally, the unique cultural landscape of Myanmar, with a high preference for mobile technology and social media, presents opportunities for cloud providers to tap into the market's potential. Moreover, the government's efforts to improve internet infrastructure and regulations promoting digital transformation are expected to further drive the growth of the Public Cloud Market in Myanmar.

Underlying macroeconomic factors: The growth of the Public Cloud Market is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong government support for cloud computing and robust investment in digital infrastructure are experiencing faster market growth compared to regions with limited government initiatives and weaker infrastructure. Additionally, the increasing adoption of digitalization and the emergence of new technologies are driving the demand for public cloud solutions to enhance business operations and efficiency.

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.