Platform as a Service - China | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$4.80bn 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 19.26%, resulting in a market volume of US$11.59bn 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 China nan is experiencing substantial growth, driven by the increasing adoption of cloud technologies, growing awareness of the benefits of PaaS, and the convenience of online services. This growth is further boosted by the high demand for PaaS solutions in various industries and the government's initiatives to promote digital transformation.

Customer preferences: The Platform as a Service Market within the Public Cloud Market in China has seen a rise in demand for cloud-based digital transformation solutions, driven by the increasing adoption of advanced technologies such as artificial intelligence and big data analytics. This trend is fueled by the country's push towards digitalization and automation, as well as the growing need for businesses to stay competitive in a rapidly evolving market. Additionally, with the rise of e-commerce and online services, there is a growing demand for PaaS solutions that can support and enhance these digital platforms.

Trends in the market: In China, the Platform as a Service (PaaS) market within the Public Cloud market is experiencing a significant increase in demand. This can be attributed to the country's rapid digital transformation and the adoption of cloud-based solutions by enterprises. Additionally, there is a growing trend of using PaaS for application development and deployment, as well as for data analytics and storage. This trend is expected to continue in the coming years, as more Chinese companies embrace the benefits of PaaS in terms of cost-efficiency, scalability, and agility. This presents a significant opportunity for industry stakeholders, including cloud service providers and software vendors, to capitalize on this trend and offer tailored solutions to meet the evolving needs of Chinese businesses. However, with the rise of PaaS in China, competition in the market is also expected to intensify, which may lead to pricing pressures and consolidation among players. It is crucial for industry stakeholders to closely monitor these trends and adapt their strategies to stay ahead in this fast-growing market.

Local special circumstances: In China, the Platform as a Service Market within the Public Cloud Market is heavily influenced by government policies and regulations. The country's strict data privacy laws and restrictions on foreign cloud service providers have created a unique market environment. Additionally, the large population and tech-savvy consumer base have led to a high demand for cloud services. Chinese companies also face competition from local players like Alibaba and Tencent, which have dominant market shares. This has resulted in a highly competitive and rapidly evolving market for Platform as a Service within the Public Cloud Market in China.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in China is influenced by various macroeconomic factors. The country's rapid economic growth and strong investment in digital infrastructure have created a conducive environment for the adoption of cloud computing services. Additionally, favorable government policies and increasing digitalization in various industries are driving the demand for Platform as a Service solutions. Furthermore, the growing number of startups and SMEs in China are increasingly leveraging Platform as a Service to reduce infrastructure costs and improve operational efficiency, further fueling the 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.