Platform as a Service - Cameroon | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$28.82m 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$70.51m 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 of Cameroon is experiencing a surge in growth, driven by factors such as the increasing adoption of digital technologies and the convenience of online services. This market is expected to see elevated growth rates due to the rising demand for efficient and cost-effective solutions in the country.

Customer preferences: The demand for Platform as a Service (PaaS) solutions in Cameroon is being driven by the growing preference for cloud-based services among businesses and individuals. This trend is being fueled by the increasing adoption of digital technologies, such as e-commerce, online banking, and social media. Additionally, the rise of mobile devices and internet connectivity has resulted in a shift towards on-the-go access to data and applications, making PaaS an attractive option for businesses and consumers. This trend is expected to continue as more organizations and individuals embrace the benefits of cloud-based solutions for their digital needs.

Trends in the market: In Cameroon, the Platform as a Service Market within the Public Cloud Market is experiencing a shift towards hybrid cloud solutions, with businesses seeking to combine the benefits of both public and private cloud environments. This trend is significant as it offers increased flexibility and scalability for organizations, allowing them to optimize their operations and improve cost-efficiency. Additionally, the growing adoption of cloud-native technologies and the rise of DevOps practices are driving the demand for PaaS solutions. Industry stakeholders should pay attention to these trends and consider investing in cloud-native technologies and DevOps practices to stay competitive in the evolving market.

Local special circumstances: In Cameroon, the Platform as a Service Market within the Public Cloud Market is experiencing slow growth due to limited internet infrastructure and low adoption rates of digital services. However, with the government's efforts to improve connectivity and promote digitalization, there is potential for growth in the market. Additionally, the country's diverse cultural and linguistic landscape poses a challenge for service providers to cater to the needs of different communities. Regulatory barriers and lack of trust in online transactions also hinder market growth.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Cameroon is 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 digital transformation initiatives and the growing demand for cost-effective and scalable cloud solutions are driving the demand for Platform as a Service in the public sector.

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.