Platform as a Service - Bosnia and Herzegovina

Bosnia and Herzegovina

Revenue in the Platform as a Service market is projected to reach US$25.94m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.79%, resulting in a market volume of US$61.35m by 2029.
The average spend per employee in the Platform as a Service market is projected to reach US$18.89 in 2024.
In global comparison, most revenue will be generated in the United States (US$91,020.00m in 2024).

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 of Bosnia and Herzegovina is experiencing rapid growth, driven by factors such as increasing demand for digital solutions, growing awareness of public health, and the convenience of online services. This elevated growth rate is influenced by the country's efforts to modernize its healthcare system and adopt advanced technologies.

Customer preferences: As the use of cloud technology continues to expand in Bosnia and Herzegovina, there has been a noticeable shift towards the adoption of Platform as a Service (PaaS) within the Public Cloud Market. This trend is fueled by the growing demand for cost-effective and scalable solutions that can support the development and deployment of new applications. Additionally, the increasing reliance on digital transformation and the need for businesses to stay competitive has also contributed to the rise in PaaS adoption. This shift towards PaaS has also led to a greater emphasis on collaboration and integration between various cloud services, highlighting the importance of seamless connectivity and interoperability in the market.

Trends in the market: In Bosnia and Herzegovina, the Platform as a Service Market within the Public Cloud Market is experiencing a shift towards more affordable and user-friendly solutions. This trend is driven by the increasing demand for digital transformation among businesses and government agencies. As a result, there is a growing adoption of PaaS solutions, such as Microsoft Azure and Amazon Web Services, which offer a range of services for application development and deployment. This trajectory is significant as it allows for greater scalability and efficiency in managing IT infrastructure. For industry stakeholders, this trend presents opportunities for growth and innovation, while also highlighting the need for continuous adaptation to remain competitive in the market. Additionally, with the rise of PaaS, there is also a potential for increased collaboration and partnerships between cloud service providers and local businesses in Bosnia and Herzegovina, further driving the growth of the market.

Local special circumstances: In Bosnia and Herzegovina, the Platform as a Service Market within the Public Cloud Market is seeing significant growth due to the country's increasing digitalization efforts and favorable regulatory environment. The market is also influenced by the country's geographical location, which provides a strategic advantage for data centers and cloud providers. Additionally, the cultural shift towards technology adoption and the growing demand for cost-effective solutions are driving the market's expansion. These factors contribute to the unique dynamics of the market in Bosnia and Herzegovina, setting it apart from other markets in the region.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Bosnia and Herzegovina is influenced by macroeconomic factors such as the country's economic stability, government policies promoting digital transformation, and investments in ICT infrastructure. The global trend towards cloud computing and the increasing adoption of digital technologies in various industries are also contributing to the growth of the market in the country. Furthermore, the government's efforts to improve the business environment and attract foreign investments are creating opportunities for the development of the public cloud market, including the Platform as a Service segment.

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.