Public Cloud

Uzbekistan

Highlights

Revenue in the Public Cloud market is projected to reach US$477.90m in 2024.
Infrastructure as a Service dominates the market with a projected market volume of US$151.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 27.12%, resulting in a market volume of US$1.59bn 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 Uzbekistan is experiencing substantial growth, driven by factors such as increasing adoption of digital technologies, growing awareness of online services, and the convenience they offer. This growth is likely influenced by the various sub-markets within Public Cloud, such as Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery.

Customer preferences: The growing use of remote work and online education in Uzbekistan has led to a rise in demand for efficient and reliable public cloud services. As more individuals and businesses rely on virtual communication and collaboration, there has been a shift towards cloud-based solutions for data storage and access. This trend is further reinforced by the country's increasing digitalization and the desire for flexible and cost-effective IT solutions. Additionally, the government's initiatives to promote digital transformation in the country are also contributing to the growth of the public cloud market.

Trends in the market: In Uzbekistan, the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital technologies in various industries. This trend is expected to continue, with the government actively promoting digitalization and the use of cloud services. This shift towards the cloud is significant for industry stakeholders, as it offers scalability, cost-effectiveness, and improved data security. Moreover, it opens up new opportunities for businesses to innovate and expand their offerings. However, this trend also presents challenges for traditional IT infrastructure providers, who may face a decline in demand for their services. As a result, they may need to adapt their business models to stay competitive in the evolving market. Overall, the trajectory of this trend towards cloud adoption in Uzbekistan is expected to have a transformative impact on the business landscape, providing both opportunities and challenges for industry stakeholders.

Local special circumstances: In Uzbekistan, the Public Cloud market is gaining traction due to the government's efforts to modernize and digitize the country's economy. The country's strategic location at the crossroads of Asia and Europe also makes it a favorable location for data centers, driving the growth of Public Cloud services. Additionally, the country's cultural shift towards digitalization and the increasing adoption of e-commerce and online banking are further fueling the demand for Public Cloud solutions. However, the market is also impacted by regulatory challenges, such as data privacy laws and restrictions on foreign companies, which can hinder the growth of the market.

Underlying macroeconomic factors: The Public Cloud Market in Uzbekistan is influenced by various macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's growing economy and efforts to modernize its ICT sector have led to a conducive environment for the adoption of public cloud services. Furthermore, the government's initiatives to promote digitalization and attract foreign investment have also played a significant role in driving the growth of the market. Additionally, the increasing demand for cost-effective and flexible solutions, coupled with the growing number of small and medium-sized enterprises in the country, are expected to further fuel the growth of the public cloud market in Uzbekistan.

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.