Public Cloud - Romania

  • Romania
  • Revenue in the Public Cloud market is projected to reach US$758.50m in 2024.
  • Platform as a Service dominates the market with a projected market volume of US$229.60m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.84%, resulting in a market volume of US$1,875.00m 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

 
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Analyst Opinion

The Public Cloud Market in Romania is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience of online access. With considerable growth rates, factors impacting this include the wide range of sub-markets available, such as Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service.

Customer preferences:
As Romania continues to embrace the benefits of public cloud computing, there is a growing demand for virtual collaboration and communication tools. This trend can be attributed to the country's expanding gig economy and the need for efficient remote work solutions. Additionally, there is a growing preference for cloud-based project management and productivity tools, as companies strive to streamline their operations and increase efficiency. These shifts reflect a larger trend towards a digital-first mindset in both personal and professional spheres.

Trends in the market:
In Romania, the Public Cloud market is experiencing a surge in demand for Software as a Service (SaaS) solutions, with businesses looking to streamline operations and reduce IT costs. This trend is expected to continue as more organizations embrace remote work and seek digital transformation. Additionally, there is a growing focus on data security and privacy in the country, leading to a rise in the adoption of cloud-based security services. These trends signify a shift towards a more technology-driven business landscape in Romania and present opportunities for cloud service providers to expand their offerings. However, industry stakeholders must also be mindful of the potential implications of increased reliance on the public cloud, such as potential data breaches and the need for robust disaster recovery plans. Overall, the trajectory of these trends highlights the importance of a strong and secure public cloud infrastructure in Romania.

Local special circumstances:
In Romania, the Public Cloud Market is experiencing significant growth due to the country's increasing digitalization and government support for technology development. The market is also influenced by the country's geographical location, with its strategic position in Eastern Europe making it an ideal location for data centers and cloud services. Additionally, Romania's growing tech-savvy population and favorable regulatory environment have contributed to the market's growth and attracted global cloud providers to invest in the country.

Underlying macroeconomic factors:
The Public Cloud Market in Romania is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. As Romania continues to experience steady economic growth and increasing foreign investments, there is a growing demand for cloud services from businesses looking to streamline their operations and reduce costs. Additionally, the government's initiatives to promote digital transformation and adoption of cloud technologies are further fueling the growth of the public cloud market in Romania. However, challenges such as limited IT infrastructure and digital skills gap may hinder the market's growth in the country.

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