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$13.23m 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.
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).

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Rwanda is experiencing mild growth, influenced by factors such as increasing adoption of digital technologies, rising awareness of cloud services, and the convenience of online platforms. This growth is seen across all sub-markets, including Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service. The market is expected to continue its growth trajectory due to the country's growing tech infrastructure and government support for digital innovation.

Customer preferences: As Rwanda continues to embrace digital transformation, there is a growing demand for public cloud services among businesses and individuals. This can be attributed to the increasing adoption of mobile and internet technologies, as well as the need for cost-effective solutions. Additionally, the rising popularity of remote work and virtual collaborations has also fueled the demand for public cloud services as a way to enhance productivity and collaboration. Moreover, the shift towards digitalization and remote work is also driven by the need for flexibility and scalability in business operations.

Trends in the market: In Rwanda, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital technologies and the need for remote work capabilities during the COVID-19 pandemic. This trend is expected to continue in the coming years, with a projected growth rate of 22.3% between 2021-2026. This growth is significant as it allows businesses to access cost-effective and scalable IT infrastructure, improve efficiency, and enhance data security. Additionally, the rise of cloud-based services presents opportunities for industry stakeholders, such as cloud providers, to expand their offerings and tap into the growing market. However, the lack of adequate infrastructure and skilled professionals in Rwanda could pose challenges for the market's growth, highlighting the need for investment in these areas.

Local special circumstances: In Rwanda, the Public Cloud Market is experiencing significant growth due to the government's efforts to promote digital transformation and the country's improving ICT infrastructure. Additionally, the strong entrepreneurial spirit and high internet penetration rate in Rwanda have led to a surge in demand for cloud services. Moreover, the country's unique cultural and regulatory environment, which prioritizes innovation and business-friendly policies, has created a conducive market for the adoption of public cloud solutions.

Underlying macroeconomic factors: The Public Cloud Market in Rwanda is heavily influenced by macroeconomic factors such as government initiatives to promote ICT growth, foreign investment in the country, and the overall economic stability of the nation. Rwanda's strong economic growth and stable political environment have attracted multinational companies to invest in the country's IT sector, leading to the rapid adoption of public cloud services. Additionally, the growing demand for digital transformation and the rise in internet penetration rates are further driving 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.