Public Cloud - Turkmenistan

Turkmenistan

Revenue in the Public Cloud market is projected to reach US$90.58m in 2024.
Platform as a Service dominates the market with a projected market volume of US$25.61m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 23.74%, resulting in a market volume of US$262.80m 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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Market

Region

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Currency

Analyst Opinion

The Public Cloud market in Turkmenistan is witnessing significant growth, driven by factors such as increasing adoption of digital technologies, rising awareness about the benefits of online services, and the convenience offered by various sub-markets. This substantial growth is primarily influenced by the country's efforts to modernize its IT infrastructure and the growing demand for cost-effective and flexible cloud solutions.

Customer preferences: The increasing adoption of remote work and virtual communication in Turkmenistan has led to a growing demand for cloud-based collaboration tools and platforms. This trend is driven by the need for seamless collaboration and communication among teams and individuals, regardless of their physical location. Additionally, the shift towards remote work has also highlighted the importance of data security and privacy, prompting organizations to invest in secure and reliable public cloud solutions.

Trends in the market: In Turkmenistan, the Public Cloud market is experiencing a surge in demand as companies and organizations are increasingly adopting cloud-based solutions to modernize their operations. This trend is expected to continue in the coming years, with a growing number of businesses recognizing the importance of cloud computing for cost savings and scalability. Moreover, the government's efforts to improve the country's digital infrastructure and promote digitalization are also driving the growth of the Public Cloud market. This trend is significant as it not only presents opportunities for cloud service providers but also enables businesses to improve their efficiency and competitiveness. However, it also poses challenges for traditional IT companies, as they need to adapt to the changing landscape and offer innovative solutions to stay relevant in the market.

Local special circumstances: In Turkmenistan, the Public Cloud Market is still in its infancy due to limited internet connectivity and government restrictions on online activities. However, with the recent launch of the country's first satellite and the government's push for digitalization, the market is expected to grow rapidly. The unique geographical location of Turkmenistan, bordering Iran and Afghanistan, also presents a potential opportunity for the country to become a regional hub for cloud services. Additionally, cultural attitudes towards data privacy and security may influence the adoption of public cloud services in Turkmenistan.

Underlying macroeconomic factors: The Public Cloud Market in Turkmenistan is influenced by macroeconomic factors such as government support for digital transformation, investment in IT infrastructure, and technological advancements. The country's growing economy and stable political environment have attracted foreign investments, leading to increased adoption of public cloud services. Additionally, the rising demand for digital solutions in various industries, such as finance, healthcare, and retail, is driving the growth of the public cloud market in Turkmenistan. The government's initiatives to promote digitalization and the country's young population are also contributing to the market's growth.

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.