Public Cloud - Rwanda

Rwanda

Revenue in the Public Cloud market is projected to reach US$38.34m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$13.81m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.16%, resulting in a market volume of US$100.10m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$7.99 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 Rwanda is experiencing mild growth, driven by factors such as the increasing adoption of digital technologies, a growing awareness of the benefits of cloud services, and the convenience offered by online solutions. This growth can be attributed to the rising demand for Infrastructure as a Service, Platform as a Service, Software as a Service, Business Process as a Service, and Desktop as a Service in the country. However, challenges such as limited internet connectivity and lack of awareness among businesses may impact the market's growth rate.

Customer preferences: Rwanda's growing tech-savvy population is driving the demand for public cloud services, with a particular focus on e-commerce platforms and digital payment solutions. This is due to the rise of online shopping and the need for secure and efficient payment methods. Additionally, the increasing adoption of mobile devices and internet connectivity has led to a shift towards mobile-first strategies, making cloud-based solutions essential for businesses to stay competitive in the market.

Trends in the market: In Rwanda, the Public Cloud Market is experiencing a surge in demand for cloud services, driven by the government's push for digital transformation and the increasing adoption of mobile and internet technologies. This trend is expected to continue, with a projected CAGR of 21.5% from 2021 to 2026. As a result, there is a growing trend of local businesses and organizations leveraging public cloud solutions for data storage, collaboration, and disaster recovery. This presents significant opportunities for industry stakeholders, such as cloud service providers, to expand their presence in the Rwandan market and tap into the country's growing digital economy. Additionally, this trend has the potential to transform the way businesses operate, making them more agile, efficient, and cost-effective. However, it also highlights the need for strong cybersecurity measures and data protection regulations to safeguard sensitive information stored in the cloud.

Local special circumstances: In Rwanda, the Public Cloud Market is experiencing significant growth due to the country's rapid economic development and increasing internet penetration. The government's efforts to promote ICT infrastructure and digital innovation have also played a crucial role in driving the market. Additionally, the country's unique geography, with its mountainous terrain, has created a demand for cloud-based solutions that can overcome infrastructure challenges. The cultural shift towards technology adoption and the regulatory support for foreign investment have further contributed to the growth of the Public Cloud Market in Rwanda.

Underlying macroeconomic factors: The Public Cloud Market in Rwanda is heavily influenced by macroeconomic factors such as government initiatives, technological advancements, and foreign investment. The country's stable economic growth and favorable business environment have attracted major players in the cloud computing industry, leading to increased market competition and innovation. Additionally, the government's focus on promoting digital transformation and expanding internet access has created a conducive environment for the adoption of public cloud services. Furthermore, the rising demand for cost-effective and scalable IT solutions in the country's rapidly growing business sector is expected to drive the growth of the Public Cloud Market in Rwanda.

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.