Platform as a Service - Bahrain | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$27.62m 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 17.61%, resulting in a market volume of US$62.13m 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 Bahrain has witnessed substantial growth within the Public Cloud Market, driven by factors like increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. These factors have significantly impacted the market's growth rate.

Customer preferences: The increasing adoption of cloud-based technologies in Bahrain has led to a growing demand for Platform as a Service solutions, as businesses seek more flexible and cost-effective ways to manage their operations. This trend is also driven by the country's young and tech-savvy population, who are increasingly comfortable with using digital tools and services. Moreover, the rise of remote work and virtual collaboration due to the COVID-19 pandemic has further accelerated the adoption of Platform as a Service offerings, as organizations look for efficient ways to manage their operations and enable their employees to work from anywhere.

Trends in the market: In Bahrain, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, with more businesses opting for the flexibility and scalability offered by PaaS. This trend is expected to continue as companies prioritize digital transformation and seek out cost-effective IT solutions. Additionally, there is a growing focus on data security and compliance, driving the adoption of PaaS solutions that offer robust security features. These developments have significant implications for industry stakeholders, as PaaS providers will need to constantly innovate and enhance their offerings to stay competitive in the market. Moreover, businesses will need to carefully evaluate their PaaS options and ensure they align with their long-term goals and requirements.

Local special circumstances: In Bahrain, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's small size and focus on innovation. With a population of just 1.7 million, Bahrain has a strong startup culture and is home to a number of tech incubators. This unique environment fosters a strong demand for PaaS solutions, as businesses and entrepreneurs look for cost-effective and scalable technology solutions. Additionally, Bahrain's government has implemented supportive policies and initiatives to encourage the growth of the digital economy, further driving the adoption of PaaS in the market.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Bahrain is greatly influenced by macroeconomic factors such as the country's overall economic health and global economic trends. The government's fiscal policies, including tax incentives and investments in digital infrastructure, are also key drivers of market growth. Additionally, the growing demand for digital transformation and the increasing adoption of cloud services by businesses in Bahrain are expected to boost the demand for Platform as a Service. Moreover, the country's strategic location and favorable regulatory environment make it an attractive market for international cloud service providers, further fueling market growth.

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.