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.
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 due to factors such as increasing adoption of digital technologies, rising awareness of the benefits of online services, and the convenience offered by cloud-based solutions. The overall market is driven by the sub-markets of Infrastructure, Platform, Software, Business Process, Desktop, and Disaster Recovery as a Service.

Customer preferences: As the use of technology becomes more prevalent in Zimbabwe, the demand for public cloud services is on the rise. This is driven by the need for businesses to have a reliable and scalable infrastructure to support their digital operations. Additionally, with the growth of e-commerce and online services, consumers are becoming increasingly accustomed to using the internet and expect seamless and efficient online experiences. This has led to a shift towards cloud-based solutions for businesses and individuals alike, enabling them to access and store data and applications in a secure and cost-effective manner.

Trends in the market: In Zimbabwe, the Public Cloud Market is experiencing a surge in demand, driven by the increasing adoption of digital transformation strategies among businesses. This has led to a rise in the use of cloud-based services, such as Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS). Additionally, there is a growing trend of utilizing Public Cloud solutions for data storage and disaster recovery purposes. These trends indicate a shift towards a more agile and cost-effective approach to IT infrastructure management, with significant implications for industry stakeholders. They must adapt to this changing landscape by offering innovative solutions and services to meet the evolving needs of their customers. Failure to do so could result in losing market share to competitors that are more adept at leveraging the potential of Public Cloud solutions.

Local special circumstances: In Zimbabwe, the Public Cloud Market is still in its early stages due to limited internet infrastructure and a lack of awareness among businesses. However, with the government's efforts to improve connectivity and promote digitization, the market is expected to grow rapidly. The country's unique geographical and regulatory circumstances, such as its landlocked location and strict data privacy laws, may also impact market dynamics. These factors could lead to the emergence of locally-tailored solutions and partnerships with local service providers to meet the specific needs of the market.

Underlying macroeconomic factors: The Public Cloud Market in Zimbabwe is heavily impacted by macroeconomic factors such as the country's economic stability, government policies, and access to technology. With the recent economic challenges faced by Zimbabwe, the demand for cost-effective and efficient cloud solutions has increased. Additionally, the government's push towards digital transformation and investment in technology infrastructure has created a conducive environment for the growth of the public cloud market. Furthermore, as businesses in Zimbabwe continue to adopt digital technologies, the demand for public cloud services is expected to rise, further driving the market 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.