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Key regions: United States, Germany, China, Japan, United Kingdom
The Public Cloud Market in Canada is experiencing steady growth, driven by factors such as increasing adoption of digital technologies, growing awareness about the benefits of cloud services, and the convenience offered by online solutions. This average growth rate is impacted by the various sub-markets within the industry, which are all seeing growth in demand for Infrastructure, Platform, Software, Business Process, and Desktop as a Service.
Customer preferences: As technology becomes increasingly integrated into daily life, consumers in Canada are gravitating towards cloud-based solutions for their personal and professional needs. This trend is driven by a desire for flexibility, convenience, and cost-effectiveness. Additionally, the rise of remote work and virtual collaboration has accelerated the adoption of public cloud services, allowing for seamless communication and data sharing across different locations and devices. This shift towards cloud-based solutions is expected to continue as businesses and individuals prioritize efficiency and connectivity in a rapidly evolving digital landscape.
Trends in the market: In Canada, the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as more businesses seek to optimize their IT infrastructure and reduce costs. This trend is expected to continue, with a projected growth rate of 20% by 2025. This shift towards hybrid cloud is significant, as it allows organizations to have greater flexibility and control over their data and applications. It also has implications for industry stakeholders, as cloud providers will need to adapt and offer more customizable and scalable solutions to meet the evolving needs of businesses. Additionally, the rise of hybrid cloud is also driving the adoption of multi-cloud strategies, where organizations utilize multiple cloud providers for different workloads. This trend is expected to continue, as it allows businesses to avoid vendor lock-in and leverage the strengths of different cloud providers. With hybrid and multi-cloud becoming the norm, the Public Cloud Market in Canada is poised for steady growth in the coming years.
Local special circumstances: In Canada, the Public Cloud Market is experiencing a surge in demand due to the country's large and diverse economy, high internet penetration, and strong digital infrastructure. Additionally, the government's support for digital transformation and data privacy regulations have contributed to the market's growth. In contrast to other markets, Canada's unique geographical landscape and cultural values also play a significant role in shaping the market, with a focus on sustainability and security. This has led to the emergence of niche cloud services catering to specific industries, such as healthcare and finance, in addition to the mainstream cloud offerings.
Underlying macroeconomic factors: The Public Cloud Market in Canada is primarily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Canada's strong economy and stable political environment have created a favorable market for cloud services. Additionally, the country's focus on digital transformation and its growing tech industry have further accelerated the adoption of public cloud solutions. Moreover, the increasing demand for data storage and management, driven by the growth of e-commerce and digitalization, is also contributing to the growth of the Canadian public cloud market.
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.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)