Public Cloud

Qatar

Highlights

Revenue in the Public Cloud market is projected to reach US$376.40m in 2024.
Software as a Service dominates the market with a projected market volume of US$111.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.09%, resulting in a market volume of US$864.60m 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 Qatar is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience offered by cloud solutions. The average growth rate is impacted by the growing demand for all sub-markets, including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. This trend is expected to continue as more businesses and individuals in Qatar recognize the value of cloud computing.

Customer preferences: One notable shift in consumer preferences in Qatar is the growing demand for cloud-based services in the public sector. With the government's push for digital transformation and the country's high internet penetration rate, there has been a significant increase in the adoption of public cloud solutions. This trend is driven by the need for cost-effective and scalable IT infrastructure, as well as the desire for more efficient and streamlined processes in government services. Additionally, the shift towards cloud-based solutions is also influenced by the increasing use of mobile devices and the need for remote access to data and applications.

Trends in the market: In Qatar, the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of digital transformation by businesses and government entities. This trend is expected to continue on an upward trajectory, as organizations recognize the cost-effectiveness, scalability, and flexibility of public cloud solutions. This shift towards cloud computing is significant as it allows companies to streamline their operations, improve their agility, and stay competitive in the market. However, it also poses challenges for industry stakeholders, such as data security concerns and the need for upskilling and reskilling of employees to manage these new technologies effectively. Despite these challenges, the potential benefits of the public cloud market in Qatar are immense and are expected to drive its growth in the coming years.

Local special circumstances: In Qatar, the Public Cloud Market is seeing significant growth due to the country's high internet penetration rate and strong government support for digital transformation. The market is also driven by the country's large expat population, as cloud services offer a convenient and cost-effective solution for businesses to operate remotely. Additionally, Qatar's strict data privacy regulations, influenced by conservative cultural norms, have made it a trusted location for data storage and processing, further boosting the demand for public cloud services.

Underlying macroeconomic factors: The Public Cloud Market in Qatar is heavily influenced by macroeconomic factors such as government initiatives to promote digital transformation, the country's strong economic growth, and increasing investments in information technology. Qatar's Vision 2030 plan, which aims to diversify the economy and invest in sectors such as technology, has created a favorable environment for the growth of the Public Cloud Market. Additionally, the country's stable political climate and growing demand for digital services from both businesses and consumers are also contributing to the market's growth. These factors, along with Qatar's robust financial stability, are expected to continue driving the expansion of the Public Cloud Market in the country.

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.