Public Cloud

Slovenia

Highlights

Revenue in the Public Cloud market is projected to reach US$248.30m in 2024.
Software as a Service dominates the market with a projected market volume of US$92.83m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.96%, resulting in a market volume of US$591.60m 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 Slovenia has seen considerable growth in recent years, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience of online access to cloud-based solutions. This growth is expected to continue as sub-markets such as Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service gain traction in the country. These factors highlight the potential for further expansion and innovation in the Public Cloud market in Slovenia.

Customer preferences: The growing trend towards remote work and virtual collaboration has greatly impacted the Public Cloud Market in Slovenia. With the pandemic accelerating the adoption of digital technologies, businesses are increasingly relying on cloud-based solutions to enable remote work and ensure business continuity. This shift is also driven by the need for flexibility and scalability in a rapidly changing business landscape. As a result, there has been a significant increase in the demand for cloud-based communication and collaboration tools, as well as cloud storage and data management solutions. This trend is likely to continue as companies embrace the benefits of the cloud and adapt to the changing work environment.

Trends in the market: In Slovenia, the Public Cloud Market is experiencing a rise in the adoption of Software-as-a-Service (SaaS) solutions, with businesses shifting towards a more cost-effective and flexible approach to managing their IT infrastructure. This trend is expected to continue as companies look for ways to streamline operations and increase agility in response to market demands. Additionally, there is a growing interest in Platform-as-a-Service (PaaS) offerings, as businesses seek to leverage cloud-based development tools and environments to accelerate their digital transformation efforts. These trends hold significant implications for industry stakeholders, including increased competition among cloud service providers and the need for businesses to carefully evaluate their cloud strategy to ensure long-term success.

Local special circumstances: In Slovenia, the Public Cloud Market is thriving due to the country's strong investment in digital infrastructure and the government's support for digital transformation. The market is also boosted by the country's strategic location in Europe, making it an ideal location for data centers and cloud services. Additionally, Slovenia's highly skilled workforce and tech-savvy population contribute to the market's growth. Furthermore, the country's strict data protection laws and commitment to privacy make it a trusted location for storing and processing sensitive data, attracting businesses from other EU countries.

Underlying macroeconomic factors: The Public Cloud Market in Slovenia is significantly impacted by macroeconomic factors such as the country's economic health and fiscal policies. Slovenia has a stable and growing economy, with a high level of government investment in digital infrastructure. This has created a favorable environment for the adoption of public cloud services, with businesses looking to leverage the benefits of cost savings, scalability, and agility. Additionally, the increasing digitalization of industries and the demand for remote working solutions due to the COVID-19 pandemic have further fueled the growth of the public cloud market in Slovenia.

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.