Public Cloud - Qatar

Qatar

Revenue in the Public Cloud market is projected to reach €349.10m in 2024.
Software as a Service dominates the market with a projected market volume of €125.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.34%, resulting in a market volume of €810.20m by 2029.
The average spend per employee in the Public Cloud market is projected to reach €166.70 in 2024.
In global comparison, most revenue will be generated in the United States (€360.20bn 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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Marché

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Monnaie

Analyst Opinion

The Public Cloud market in Qatar has witnessed significant growth in recent years, driven by the increasing adoption of cloud computing technologies across various industries.

Customer preferences: Qatari businesses are increasingly turning to the Public Cloud due to its numerous benefits, including cost savings, scalability, and flexibility. The ability to access computing resources on-demand without the need for significant upfront investment is particularly appealing to businesses in Qatar. Additionally, the Public Cloud allows for seamless collaboration and remote work, which has become increasingly important in the wake of the COVID-19 pandemic.

Trends in the market: One of the key trends in the Public Cloud market in Qatar is the growing demand for Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) solutions. These services provide businesses with the necessary infrastructure and platforms to develop, deploy, and manage their applications without the need for on-premises hardware. This trend is driven by the desire for cost-effective and efficient IT solutions, as well as the need for rapid application development and deployment. Another trend in the market is the increasing adoption of hybrid cloud solutions. Many Qatari businesses are opting for a combination of Public Cloud and private cloud infrastructure to meet their specific needs. This hybrid approach allows businesses to take advantage of the scalability and cost savings of the Public Cloud while maintaining control over sensitive data and applications.

Local special circumstances: Qatar's Vision 2030, which aims to transform the country into a knowledge-based economy, has been a driving force behind the growth of the Public Cloud market. The government has been actively promoting the adoption of cloud computing technologies as part of its efforts to diversify the economy and reduce reliance on the oil and gas sector. This has created a favorable environment for Public Cloud providers and has encouraged businesses in Qatar to embrace cloud-based solutions.

Underlying macroeconomic factors: The strong economic growth in Qatar, fueled by investments in infrastructure and diversification efforts, has contributed to the expansion of the Public Cloud market. As businesses in Qatar continue to grow and expand, there is a greater need for scalable and flexible IT solutions, which the Public Cloud provides. Additionally, the government's focus on digital transformation and innovation has further accelerated the adoption of cloud computing technologies in the country. In conclusion, the Public Cloud market in Qatar is experiencing significant growth due to the increasing adoption of cloud computing technologies by businesses in various industries. The customer preferences for cost savings, scalability, and flexibility, along with the local special circumstances of Qatar's Vision 2030 and the underlying macroeconomic factors, have created a favorable environment for the development of the Public Cloud market in the country.

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.