Platform as a Service - Africa | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$3.14bn in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.60%, resulting in a market volume of US$7.69bn by 2029.
In global comparison, most revenue will be generated United States (US$91.02bn in 2024).

Definition:

Platform as a Service (PaaS) refers to the type of public cloud service that provides a ready-to-use platform and environment for developers to build, deploy, and manage applications. PaaS offers tools, frameworks, and services that streamline the development process, thus eliminating the need to manage the underlying infrastructure. It allows developers to focus on the tasks of writing code and creating applications without worrying about server setup or maintenance. The PaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Google App Engine.

Additional Information:

The Platform as a Service (PaaS) 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 PaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (App Engine), and IBM (Cloud).

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Application development, such as Microsoft Azure App Service, Google App Engine, and AWS Elastic Beanstalk
Debugging processes, such as Microsoft Azure Monitor and AWS X-Ray
Testing, such as Google Cloud Flood, Distributed Load Testing on AWS, and Microsoft Azure Load Testing
Deployment tools, such as Microsoft Azure Deployment Environments and AWS CodeDeploy

Infrastructure-as-a-Service (IaaS), such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, Google Compute Engine (GCE), Alibaba Cloud ECS, and Oracle Cloud Infrastructure
Software-as-a-Service (SaaS), such as Microsoft 365, Salesforce, Google Workspace, and Zoom
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Platform as a Service market in the Public Cloud Market in Africa has shown substantial growth, driven by factors such as increasing demand for digital solutions, growing awareness of healthcare among consumers, and the convenience of online services. This growth is influenced by the rapidly expanding digital landscape in the region.

Customer preferences: As public cloud adoption continues to rise in Africa, there is a growing demand for Platform as a Service (PaaS) solutions. This trend can be attributed to a shift towards digital transformation in businesses and the need for efficient and cost-effective software development and deployment. Additionally, the rise of mobile and internet penetration in the region has led to an increase in demand for PaaS solutions that cater to the unique needs and preferences of African consumers. This includes features such as offline capabilities, localization, and low bandwidth usage.

Trends in the market: In Africa, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, driven by the increasing adoption of digital transformation strategies by businesses. This trend is significant because it enables organizations to scale their operations and reduce IT infrastructure costs. Additionally, there is a growing focus on AI and machine learning capabilities within PaaS offerings, providing businesses with advanced analytical capabilities. These trends have implications for industry stakeholders as they need to adapt to the changing market landscape and invest in innovative solutions to remain competitive.

Local special circumstances: In Africa, the Platform as a Service Market within the Public Cloud Market is influenced by factors such as limited internet connectivity and infrastructure, leading to slower adoption compared to other markets. In addition, cultural preferences for on-premises solutions and concerns over data privacy and security also shape the market. Government regulations and policies, such as data localization laws and restrictions on foreign ownership, also impact the growth and development of the market in different African countries.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited resources. Additionally, the increasing adoption of technology and digital transformation initiatives across industries is driving the demand for PaaS solutions to improve business efficiency and agility.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. 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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.