Public Cloud - Nepal

Nepal

Revenue in the Public Cloud market is projected to reach US$95.82m in 2024.
Platform as a Service dominates the market with a projected market volume of US$29.18m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.77%, resulting in a market volume of US$267.30m 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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Analyst Opinion

The Public Cloud market in Nepal is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of cloud services, and the convenience of online solutions. This substantial growth is impacted by factors such as the availability of various sub-markets, including Infrastructure as a Service, Platform as a Service, and Software as a Service, which offer a range of options for businesses and individuals. Additionally, the demand for Business Process as a Service, Desktop as a Service, and Disaster Recovery as a Service is also contributing to the market's growth rate.

Customer preferences: With the increasing adoption of technology and internet connectivity in Nepal, there has been a rapid growth in the demand for public cloud services. This can be attributed to the changing consumer preferences, where individuals are now seeking more efficient and flexible solutions for their business and personal needs. This trend is also driven by the growing number of small and medium enterprises in Nepal, who are looking for cost-effective and scalable cloud solutions to support their operations. Additionally, the rise in remote work and virtual collaboration has further fueled the demand for public cloud services, as it offers a secure and reliable platform for data storage and communication. As a result, the public cloud market in Nepal is expected to witness significant growth in the coming years.

Trends in the market: In Nepal, the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud-based solutions by businesses and government organizations. This trend is expected to continue as more companies shift towards digital transformation and remote work arrangements. Additionally, the growing use of mobile devices and internet connectivity is driving the need for cloud services in the country. This trend is significant as it offers cost-effective and efficient solutions for data storage, accessibility, and collaboration. As a result, there is a potential for increased competition among cloud service providers, leading to further innovation and improvements in the market. However, there may also be concerns around data privacy and security, which stakeholders need to address to maintain customer trust and confidence.

Local special circumstances: In Nepal, the Public Cloud Market is still in its early stages due to limited internet access and technological infrastructure. However, with the government's efforts to improve digital infrastructure and promote entrepreneurship, the market is expected to grow rapidly. Additionally, the country's diverse cultural landscape and remote geography pose unique challenges for cloud service providers, requiring them to adapt their offerings to suit local needs and preferences. This presents opportunities for innovative solutions tailored to the Nepali market.

Underlying macroeconomic factors: The Public Cloud Market in Nepal is greatly impacted by macroeconomic factors such as government policies, technological advancements, and investment in IT infrastructure. With the government's increasing focus on digitization and modernization, the demand for public cloud services is expected to rise. Moreover, the country's economic growth and stable political environment have attracted foreign investments, leading to the development of a robust IT industry. This, coupled with the increasing adoption of cloud-based solutions by businesses, is expected to drive the growth of the Public Cloud Market in Nepal.

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.