Platform as a Service - CIS | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$1.56bn 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 16.77%, resulting in a market volume of US$3.38bn 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 CIS region is seeing substantial growth in the Public Cloud market, driven by factors such as increasing adoption of cloud technologies and the ease of accessing online services. This growth rate can be attributed to the growing demand for efficient and cost-effective solutions in the region.

Customer preferences: With the increasing adoption of cloud-based solutions in the public sector, there has been a rising demand for Platform as a Service (PaaS) offerings. This can be attributed to the growing preference for agile and scalable solutions that cater to the diverse needs and requirements of different organizations. Additionally, the rise of remote work and virtual collaboration has further accelerated the demand for PaaS as it offers a seamless and efficient way to develop, deploy, and manage applications in the cloud.

Trends in the market: In the Platform as a Service Market within the Public Cloud Market, there is a growing trend towards serverless computing, where developers can focus on writing code without worrying about managing infrastructure. This trend is expected to continue, with major cloud providers offering more serverless options and businesses adopting it to increase efficiency and reduce costs. This shift towards serverless computing also has implications for traditional IT roles, as more tasks become automated, and for industries such as finance and healthcare where data security and compliance are critical.

Local special circumstances: In Southeast Asia, the Platform as a Service Market within the Public Cloud Market is seeing significant growth due to the region's rapid digital transformation and increasing adoption of cloud-based solutions. Furthermore, the presence of a large and diverse population with varying levels of technological proficiency is driving the demand for easy-to-use and customizable cloud platforms. Additionally, regulatory initiatives promoting data localization and protection are shaping the market landscape in countries like Indonesia and Vietnam.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market is greatly impacted by macroeconomic factors such as technological advancements, government policies, and the overall economic health of the country. Countries with strong technological infrastructures and supportive government policies are experiencing higher growth in the market compared to those with limited technological capabilities and regulatory challenges. Additionally, the increasing adoption of digital transformation and the demand for cost-effective solutions are driving the growth of the Platform as a Service Market in the Public Cloud Market. Furthermore, the growing trend towards remote work and the need for scalable and flexible cloud solutions are also contributing to the market's 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.