Public Cloud - Ukraine

Ukraine

Revenue in the Public Cloud market is projected to reach US$746.90m in 2024.
Software as a Service dominates the market with a projected market volume of US$316.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.86%, resulting in a market volume of US$1,772.00m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$38.38 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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Market

Region

Region comparison

Currency

Analyst Opinion

The Public Cloud market in Ukraine has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Ukrainian market have played a crucial role in the development of the Public Cloud market. Businesses in Ukraine are increasingly adopting cloud computing solutions due to the numerous benefits they offer. The ability to scale resources on-demand, reduce infrastructure costs, and enhance collaboration and productivity are some of the key factors driving customer preferences for Public Cloud services. Additionally, the increasing need for data storage and security, as well as the growing popularity of Software-as-a-Service (SaaS) applications, have further fueled the demand for Public Cloud solutions in Ukraine. Trends in the market have also contributed to the growth of the Public Cloud market in Ukraine. One notable trend is the increasing adoption of hybrid cloud solutions. Many businesses in Ukraine are leveraging a combination of on-premises infrastructure and Public Cloud services to optimize their IT operations. This hybrid approach allows organizations to maintain control over sensitive data while taking advantage of the scalability and flexibility offered by the Public Cloud. Furthermore, the rise of edge computing and the Internet of Things (IoT) has created new opportunities for Public Cloud providers in Ukraine, as businesses seek to process and analyze data closer to the source. Local special circumstances have also played a role in shaping the Public Cloud market in Ukraine. The country has a rapidly growing startup ecosystem, with many innovative companies emerging across various industries. These startups often have limited resources and prefer the cost-effective and scalable nature of Public Cloud services. Additionally, the ongoing digital transformation efforts by the Ukrainian government have created a favorable environment for the adoption of cloud computing solutions. Initiatives such as e-governance, digitalization of public services, and the development of smart cities have increased the demand for Public Cloud services in Ukraine. Underlying macroeconomic factors have also influenced the development of the Public Cloud market in Ukraine. The country's economic stability and steady GDP growth have attracted foreign investments, including investments in the IT sector. This has resulted in the establishment of data centers and Public Cloud infrastructure by international providers, expanding the availability and accessibility of cloud services in Ukraine. Furthermore, the increasing internet penetration rate and the growing number of internet users in Ukraine have created a larger customer base for Public Cloud providers. In conclusion, the Public Cloud market in Ukraine is experiencing significant growth due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The adoption of cloud computing solutions by businesses, the increasing demand for hybrid cloud solutions, the growth of the startup ecosystem, and the government's digital transformation initiatives are all contributing to the expansion of the Public Cloud market in Ukraine. Additionally, the country's economic stability and growing internet penetration rate have attracted foreign investments, further driving the development 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.