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).
For more information on the data displayed, use the info button right next to the boxes.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
The Platform as a Service Market in the Public Cloud Market in APAC is experiencing substantial growth, driven by factors such as increasing demand for digital solutions, growing awareness of health issues, and the convenience of online services. This growth is mainly influenced by the rising adoption of technology and the growing emphasis on improving healthcare access and efficiency in the region.
Customer preferences: As more businesses in APAC turn to the Public Cloud Market for their infrastructure needs, there is a growing preference for Platform as a Service solutions. This trend is driven by the region's emphasis on cost efficiency and scalability, as well as the increasing demand for digital transformation. Additionally, the cultural emphasis on speed and convenience has led to a rise in demand for PaaS offerings that enable faster deployment of applications and services. This has resulted in a shift towards more flexible and customizable cloud solutions, catering to the diverse needs of APAC consumers.
Trends in the market: In APAC, the Platform as a Service market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, as companies seek to balance cost-effectiveness and flexibility. This trend is driven by the increasing adoption of AI and IoT technologies, which require scalable and agile cloud infrastructure. This presents significant opportunities for industry stakeholders, but also poses challenges in terms of ensuring data security and compliance. As such, there is a growing focus on developing secure and compliant PaaS solutions, as well as providing comprehensive support and training for businesses transitioning to hybrid cloud environments.
Local special circumstances: In China, the Platform as a Service Market within the Public Cloud Market is thriving due to the government's push for digital transformation and the country's large population of tech-savvy consumers. The market is also heavily influenced by China's unique regulatory environment, with strict data privacy laws and restrictions on foreign cloud providers. Additionally, the country's rapidly expanding e-commerce sector has created a strong demand for PaaS solutions among businesses looking to optimize their online operations.
Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in APAC is largely influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with strong government support and investments in digital technologies are experiencing faster market growth, while those with regulatory challenges and limited funding may face obstacles. Moreover, the increasing adoption of cloud technologies and the rise of digital transformation initiatives in various industries are contributing to the demand for PaaS solutions in the region. Additionally, the fast-growing digital economy in APAC, driven by a large population and increasing internet penetration, is also fueling the growth of the PaaS market in the public cloud sector.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.