Market Forecast By Service Model (Infrastructure as a Service, Platform as a Service, Software as a Service), By Organization Size Large enterprises ( Small , Medium Enterprises SMEs), By Verticals (BFSI, Telecommunication, IT & ITeS, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Energy & Utility, Media & Entertainment) And Competitive Landscape
Product Code: ETC4427689 | Publication Date: Jul 2023 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
The South Africa Public Cloud Market report thoroughly covers the market by service model, organization size, and verticals. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Africa public cloud market is experiencing rapid growth, propelled by the country's robust telecommunications and IT sector, the increasing adoption of cloud-based solutions by large enterprises and SMEs, and growing digitalization across several verticals. However, the market faces challenges such as data security concerns, regulatory issues, and the need for high-speed internet connectivity. Factors such as advancements in cloud technologies and supportive government policies are expected to further fuel the market growth.
According to 6Wresearch, South Africa Public Cloud Market size is expected to grow at a significant CAGR Of 16% during the forecast period 2024-2030. The market is driven by factors such as rising demand for cost-effective IT solutions, increasing internet penetration, and the growing trend of remote working. The South Africa government's digital transformation initiatives are also expected to positively impact the public cloud market. Moreover, the adoption of cloud-based solutions by small and medium-sized enterprises (SMEs) is expected to further drive market growth.
Despite the positive growth forecast for South Africa's public cloud market, some challenges may hinder its progress. These include concerns about data security and protection, regulatory limitations, and the requirement for high-speed internet connectivity. In addition, with the rise of cyber threats and data breaches, businesses are becoming increasingly cautious about storing their sensitive information on cloud servers. This poses a challenge for cloud service providers to ensure stringent security measures are in place to protect their clients' data. Despite the positive growth forecast for South Africa's public cloud market, some challenges may hinder its progress.
Leading players in the South Africa public cloud industry include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, and IBM Cloud. These companies are known for their wide range of cloud services, robust infrastructure, and strong market presence. They are constantly innovating and expanding their service offerings to cater to the diverse needs of businesses across different verticals.
The South Africa public cloud market is subject to several regulations related to data privacy and security, such as the Protection of Personal Information Act (POPIA). These regulations aim to protect the rights of individuals and businesses and ensure the responsible collection, processing, storage, and sharing of personal information by entities that provide public cloud services.
The future of South Africa's public cloud market looks promising due to the increasing trend of digitalization, the growing need for scalable IT solutions, and the rising adoption of cloud services in sectors such as BFSI, Telecommunications, Government, and Retail. The integration of advanced technologies like AI and machine learning is also expected to further stimulate market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the Infrastructure as a Service (IaaS) segment is expected to witness the highest growth in the South Africa public cloud market, driven by the increasing demand for scalable computing resources and storage solutions.
In terms of organization size, the SME segment is projected to witness significant growth, driven by the increasing need for cost-effective and scalable IT solutions.
The IT & ITeS segment is expected to witness the highest growth in the South Africa public cloud market. This can be attributed to the increasing digitalization and adoption of cloud-based solutions in the industry.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Public Cloud Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Public Cloud Market Revenues & Volume, 2020 & 2030F |
3.3 South Africa Public Cloud Market - Industry Life Cycle |
3.4 South Africa Public Cloud Market - Porter's Five Forces |
3.5 South Africa Public Cloud Market Revenues & Volume Share, By Service Model, 2020 & 2030F |
3.6 South Africa Public Cloud Market Revenues & Volume Share, By Organization Size Large enterprises, 2020 & 2030F |
3.7 South Africa Public Cloud Market Revenues & Volume Share, By Verticals, 2020 & 2030F |
4 South Africa Public Cloud Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Public Cloud Market Trends |
6 South Africa Public Cloud Market, By Types |
6.1 South Africa Public Cloud Market, By Service Model |
6.1.1 Overview and Analysis |
6.1.2 South Africa Public Cloud Market Revenues & Volume, By Service Model, 2020 - 2030F |
6.1.3 South Africa Public Cloud Market Revenues & Volume, By Infrastructure as a Service, 2020 - 2030F |
6.1.4 South Africa Public Cloud Market Revenues & Volume, By Platform as a Service, 2020 - 2030F |
6.1.5 South Africa Public Cloud Market Revenues & Volume, By Software as a Service, 2020 - 2030F |
6.2 South Africa Public Cloud Market, By Organization Size Large enterprises |
6.2.1 Overview and Analysis |
6.2.2 South Africa Public Cloud Market Revenues & Volume, By Small , 2020 - 2030F |
6.2.3 South Africa Public Cloud Market Revenues & Volume, By Medium Enterprises SMEs, 2020 - 2030F |
6.3 South Africa Public Cloud Market, By Verticals |
6.3.1 Overview and Analysis |
6.3.2 South Africa Public Cloud Market Revenues & Volume, By BFSI, 2020 - 2030F |
6.3.3 South Africa Public Cloud Market Revenues & Volume, By Telecommunication, 2020 - 2030F |
6.3.4 South Africa Public Cloud Market Revenues & Volume, By IT & ITeS, 2020 - 2030F |
6.3.5 South Africa Public Cloud Market Revenues & Volume, By Government & Public Sector, 2020 - 2030F |
6.3.6 South Africa Public Cloud Market Revenues & Volume, By Retail & Consumer Goods, 2020 - 2030F |
6.3.7 South Africa Public Cloud Market Revenues & Volume, By Manufacturing, 2020 - 2030F |
6.3.8 South Africa Public Cloud Market Revenues & Volume, By Media & Entertainment, 2020 - 2030F |
6.3.9 South Africa Public Cloud Market Revenues & Volume, By Media & Entertainment, 2020 - 2030F |
7 South Africa Public Cloud Market Import-Export Trade Statistics |
7.1 South Africa Public Cloud Market Export to Major Countries |
7.2 South Africa Public Cloud Market Imports from Major Countries |
8 South Africa Public Cloud Market Key Performance Indicators |
9 South Africa Public Cloud Market - Opportunity Assessment |
9.1 South Africa Public Cloud Market Opportunity Assessment, By Service Model, 2020 & 2030F |
9.2 South Africa Public Cloud Market Opportunity Assessment, By Organization Size Large enterprises, 2020 & 2030F |
9.3 South Africa Public Cloud Market Opportunity Assessment, By Verticals, 2020 & 2030F |
10 South Africa Public Cloud Market - Competitive Landscape |
10.1 South Africa Public Cloud Market Revenue Share, By Companies, 2023 |
10.2 South Africa Public Cloud Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |