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.
The average spend per employee in the Public Cloud market is projected to reach US$10.28 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 Nepal is experiencing rapid growth, driven by factors such as increasing demand for Infrastructure, Platform, Software, Business Process, and Desktop as a Service. Factors such as the country's substantial growth rate, rising awareness of digital technologies, and the convenience of online services are fueling this growth.

Customer preferences: The public cloud market in Nepal has witnessed a rise in demand for digital solutions, driven by consumers' inclination towards convenience and efficiency. This has led to a surge in the adoption of cloud-based collaboration tools, remote work solutions, and online learning platforms. Additionally, the shift towards digital transformation and remote operations has also resulted in increased demand for cloud-based security and data protection services. This trend is likely to continue as businesses and individuals embrace the benefits of the cloud for their daily operations.

Trends in the market: In Nepal, the Public Cloud Market is experiencing a surge in demand for cloud-based services, driven by the increasing adoption of digital technologies and the need for cost-effective solutions. This trend is expected to continue as businesses and government agencies shift towards cloud-based infrastructure and applications. Additionally, there is a growing emphasis on data security and privacy, leading to the adoption of advanced cloud security solutions. This trend has significant implications for industry stakeholders, as it presents opportunities for growth and innovation in the market. However, there may also be challenges in terms of regulatory compliance and data management. Industry players will need to stay updated on these trends and adapt their strategies to stay competitive in this rapidly evolving market.

Local special circumstances: In Nepal, the Public Cloud market is still in its nascent stage due to limited internet penetration and technological infrastructure. However, the country has seen a recent surge in demand for cloud services, driven by the government's efforts to promote digitalization and the growing need for remote work solutions during the pandemic. Moreover, Nepal's unique geography and cultural diversity present challenges for cloud service providers, as they must cater to diverse needs and preferences in different regions. Additionally, the country's regulatory framework for data privacy and security poses a significant factor in shaping the Public Cloud market and its growth.

Underlying macroeconomic factors: The Public Cloud Market in Nepal is heavily influenced by macroeconomic factors, such as the country's economic health, fiscal policies, and global economic trends. With Nepal's growing economy and increasing investment in technology, there is a significant demand for public cloud services. Additionally, the government's initiatives to promote digitalization and improve internet connectivity have also contributed to the growth of the Public Cloud Market. However, challenges such as limited infrastructure and regulatory barriers have hindered the market's full potential. As Nepal continues to develop and modernize, the Public Cloud Market is expected to grow in tandem, driven by the increasing adoption of digital technologies and the need for efficient and cost-effective solutions.

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.