Public Cloud - Seychelles

Seychelles

Revenue in the Public Cloud market is projected to reach US$3,711.00k in 2024.
Platform as a Service dominates the market with a projected market volume of US$1,201.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.59%, resulting in a market volume of US$9,464.00k 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).

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Analyst Opinion

The Public Cloud Market in Seychelles is experiencing significant growth, driven by factors such as increasing adoption of digital technologies, growing reliance on online services, and the convenience offered by cloud solutions. The market's average growth rate is impacted by factors such as the availability of reliable infrastructure and the government's support for digital transformation.

Customer preferences: As digital adoption and e-commerce continue to rise in Seychelles, there is a growing demand for public cloud solutions to support the online activities of businesses and individuals. This trend is fueled by the need for secure and convenient data storage, as well as the increasing reliance on remote work and virtual collaboration. Additionally, the cultural value placed on sustainability and efficiency is driving organizations to adopt cloud-based solutions for their environmental and cost-saving benefits.

Trends in the market: In Seychelles, the Public Cloud market is experiencing a shift towards hybrid cloud solutions, with organizations adopting a combination of public and private cloud services to meet their specific needs. This trend is expected to continue as it offers the benefits of both cloud models, such as cost efficiency and flexibility. Additionally, the rise of edge computing is also impacting the Public Cloud market, with the need for faster data processing and lower latency driving the demand for edge services. This presents opportunities for cloud providers to expand their offerings and cater to a wider range of industries. However, this trend also raises concerns about data security and compliance, requiring stakeholders to carefully navigate these challenges.

Local special circumstances: In Seychelles, the Public Cloud market is influenced by the country's unique geographic location and its small population size. With limited physical infrastructure, businesses and individuals turn to cloud solutions for their computing needs. Additionally, the country's strong tourism industry has led to a demand for secure and efficient cloud services for hotels and resorts. As a small island nation, Seychelles also has strict data protection laws, making cloud providers with high security standards more attractive to businesses.

Underlying macroeconomic factors: The growth of the Public Cloud Market is heavily impacted by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Countries with strong support for digital transformation and robust investments in cloud technologies are experiencing higher growth in the market. On the other hand, countries with economic challenges and limited investments in digital infrastructure are facing slower growth in the Public Cloud Market. Moreover, the increasing adoption of cloud-based solutions by businesses of all sizes and the growing demand for data storage and management are driving the growth of the 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.