Public Cloud - Zimbabwe

Zimbabwe

Revenue in the Public Cloud market is projected to reach US$134.30m in 2024.
Platform as a Service dominates the market with a projected market volume of US$62.97m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.10%, resulting in a market volume of US$271.30m by 2029.
The average spend per employee in the Public Cloud market is projected to reach US$20.04 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 Zimbabwe is experiencing extraordinary growth, driven by factors such as increasing adoption of digital technologies, rising awareness of the benefits of cloud services, and the convenience of online solutions. This growth is seen across sub-markets such as Infrastructure, Platform, Software, Business Process, and Desktop as a Service, indicating a widespread demand for cloud solutions in the country. Factors such as improved internet infrastructure and government initiatives supporting digitalization are further boosting the market's growth rate.

Customer preferences: As more businesses and organizations in Zimbabwe turn to the public cloud, there has been a noticeable shift towards remote work and virtual collaboration tools. This trend is driven by the need for flexibility and cost-efficiency, as well as the rising popularity of remote work among the country's younger population. Additionally, the increasing reliance on digital solutions has also led to a growth in demand for cybersecurity services to protect sensitive data stored in the public cloud.

Trends in the market: In Zimbabwe, the Public Cloud Market is experiencing a surge in demand for cloud-based services, driven by the country's rapid digital transformation and increasing reliance on technology. This trend is expected to continue, with more businesses and organizations adopting cloud solutions to improve efficiency and reduce costs. Additionally, there is a growing trend of local cloud service providers partnering with international providers to offer a wider range of services and expand their market reach. This has significant implications for industry stakeholders, as it presents opportunities for growth and competition in the market. However, it also highlights the need for strong partnerships and collaborations to meet the evolving needs of customers in the region.

Local special circumstances: In Zimbabwe, the Public Cloud Market is influenced by the country's economic challenges and limited access to traditional IT infrastructure. This has led to a growing demand for cost-effective and scalable cloud solutions, particularly among small and medium-sized businesses. Additionally, the government's push for digital transformation and the increasing adoption of mobile technology in the country have further fueled the growth of the Public Cloud Market. However, challenges such as unreliable internet connectivity and a lack of data privacy regulations have also impacted market dynamics in Zimbabwe.

Underlying macroeconomic factors: The Public Cloud market in Zimbabwe is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic growth and stability have a direct impact on the demand for cloud services, as a strong economy typically leads to increased business activity and investment in technology. Additionally, government policies and regulations that promote digitalization and technology adoption can further stimulate the growth of the Public Cloud market in Zimbabwe. On the other hand, economic challenges and instability can hinder market growth and adoption of cloud services.

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.