Public Cloud - Niger

  • Niger
  • Revenue in the Public Cloud market is projected to reach US$26.19m in 2024.
  • Software as a Service dominates the market with a projected market volume of US$10.78m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 22.61%, resulting in a market volume of US$72.56m by 2029.
  • The average spend per employee in the Public Cloud market is projected to reach US$2.42 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

 
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Analyst Opinion

The Public Cloud market in Niger is experiencing substantial growth, driven by factors such as increasing adoption of digital technologies and rising demand for online services. This growth can be attributed to the convenience and cost-effectiveness of cloud-based solutions, offering various services such as Infrastructure, Platform, and Software as a Service. Additionally, the growing awareness of the benefits of cloud computing and the government's initiatives to promote digital transformation are also contributing to the market's growth rate in Niger.

Customer preferences:
As Niger's economy continues to grow, there is a notable increase in demand for cloud-based solutions among businesses and organizations. This trend is driven by the need for efficient and cost-effective data storage and management. Additionally, the rise of remote work and virtual collaboration has led to a surge in the adoption of public cloud services, allowing for seamless communication and collaboration across geographies. Furthermore, the shift towards digital transformation and automation has also played a significant role in the increasing demand for public cloud services in Niger.

Trends in the market:
In Niger, there is a growing trend of businesses and organizations shifting towards public cloud solutions for their IT infrastructure needs. This is driven by the increasing availability of affordable internet services and a push towards digital transformation. Public cloud providers are also investing in the region, with the establishment of data centers and partnerships with local service providers. This trend is significant as it allows businesses to access advanced technologies without heavy upfront investments. It also has the potential to boost economic growth and competitiveness. However, there are concerns around data privacy and security, as well as the need for skilled IT professionals to manage these cloud solutions.

Local special circumstances:
In Niger, the Public Cloud market is still in its early stages due to limited internet penetration and a lack of infrastructure. However, the government's efforts to improve connectivity and promote digital transformation are driving the market forward. Additionally, the country's unique cultural and regulatory landscape, with a focus on privacy and data protection, presents challenges and opportunities for Public Cloud providers. This, combined with the growing demand for cost-effective and scalable solutions, is expected to fuel the market's growth in the coming years.

Underlying macroeconomic factors:
The Public Cloud Market market in Niger is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable policies and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing adoption of digital transformation and the growing need for efficient and cost-effective solutions are driving the demand for public cloud services in the country. Additionally, the stable economic growth and increasing internet penetration in Niger are creating a conducive environment for the growth of the Public Cloud Market market.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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