Platform as a Service - Argentina

Argentina

In Argentina, revenue in the 0 market is projected to reach US$233.60m in 2024.
The Platform as a Service market is expected to dominate the market in Argentina with a projected market volume of 0 in 2024.
Revenue in this sector is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 16.90%, leading to a market volume of US$509.90m by 2029.
In a global context, the highest revenue generation is expected to occur the United States, which is projected to reach US$91,020.00m in 2024.
Argentina's Platform as a Service market is witnessing a surge in adoption, driven by increasing demand for scalable cloud solutions among local enterprises.

Key regions: United States, Italy, Australia, Netherlands, Japan

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Analyst Opinion

The Platform as a Service Market in the Public Cloud Market in Argentina has seen considerable growth, driven by factors like the increasing adoption of digital technologies, rising health awareness among consumers, and the convenience of online health services. This growth rate is being impacted by the country's focus on modernizing its healthcare system and promoting digital transformation.

Customer preferences: As more businesses in Argentina adopt cloud-based solutions, there has been a noticeable increase in the demand for Platform as a Service (PaaS) within the Public Cloud Market. This can be attributed to a growing preference for cost-effective and scalable IT infrastructure. Additionally, there has been a shift towards remote work and virtual collaboration, leading to an increased need for PaaS solutions to support these new ways of working. This trend is expected to continue as businesses prioritize flexibility and agility, particularly in light of the COVID-19 pandemic.

Trends in the market: In Argentina, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in adoption as businesses seek to streamline their IT operations and reduce costs. This trend is expected to continue in the coming years, with a focus on cloud-native development and deployment. Additionally, there is a growing interest in hybrid and multi-cloud strategies as companies look to optimize their cloud usage. These trends have significant implications for industry stakeholders, including increased competition among cloud providers and a greater emphasis on data security and compliance. As the market continues to mature, we can anticipate further advancements in cloud-based technologies and services in Argentina.

Local special circumstances: In Argentina, the Platform as a Service Market within the Public Cloud Market is driven by the country's efforts to modernize its IT infrastructure and promote digital transformation. The government's National Digital Agenda and National Plan for Digital Inclusion have spurred the adoption of cloud computing services, including PaaS. Additionally, the country's favorable business environment and growing startup ecosystem have created a demand for cost-effective and scalable cloud solutions, further fueling the growth of the PaaS market. However, challenges such as limited internet infrastructure and data privacy regulations may hinder market expansion.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Argentina is influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's strong focus on digital transformation and its efforts to attract foreign investment have resulted in a favorable regulatory environment for cloud computing. Additionally, the increasing demand for digital services in various industries, such as banking and healthcare, is driving the adoption of Platform as a Service solutions. However, Argentina's economic instability and high inflation rates may pose challenges for market growth in the short term.

Methodology

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.