Platform as a Service - Eastern Europe

Eastern Europe

Revenue in the 0 market in Eastern Europe is projected to reach US$1.63bn in 2024.
Platform as a Service market dominates the market in this region with a projected market volume of 0 in 2024.
Revenue in Eastern Europe is expected to show an annual growth rate (CAGR 2024-2029) of 16.11%, resulting in a market volume of US$3.44bn by 2029.
In global comparison, most revenue will be generated the United States, which is expected to reach US$91,020.00m in 2024.
In Eastern Europe, countries like Poland and Romania are increasingly adopting Platform as a Service solutions, driven by a growing emphasis on digital transformation and innovation.

Key regions: United States, Italy, Australia, Netherlands, Japan

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Analyst Opinion

The Platform as a Service market in Eastern Europe is witnessing substantial growth, fueled by factors such as growing adoption of digital technologies, increasing health consciousness, and the convenience of online health services in the public cloud market.

Customer preferences: There has been a significant rise in the adoption of Platform as a Service (PaaS) solutions in Eastern Europe, driven by the growing demand for flexible and cost-effective cloud-based services. This trend is further fueled by the increasing number of startups and small and medium-sized enterprises (SMEs) in the region, as well as the rise of digital transformation initiatives among traditional businesses. As a result, there is a growing preference for PaaS offerings that offer a wide range of features and tools to support rapid application development and deployment.

Trends in the market: In Eastern Europe, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for hybrid cloud solutions, which allow for the seamless integration of on-premise and cloud-based systems. This trend is driven by the need for flexibility and scalability in enterprises, as well as the increasing adoption of digital transformation strategies. Additionally, there is a growing focus on data security and compliance, leading to a rise in the use of cloud-native security tools and services. These trends are significant as they enable organizations to streamline their operations and optimize costs while ensuring data protection. However, they also pose challenges for industry stakeholders, such as the need for specialized skills and the risk of vendor lock-in.

Local special circumstances: In Eastern Europe, the Platform as a Service Market within the Public Cloud Market is influenced by the region's unique geographical and cultural factors. The market is driven by the increasing adoption of digital transformation and the demand for cost-effective and scalable solutions. Additionally, the region's strict data privacy laws and regulations have led to the development of secure cloud platforms. In countries like Poland and Czech Republic, the market is also boosted by the growing startup culture, creating a demand for PaaS solutions for software development and deployment.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Eastern Europe is heavily influenced by macroeconomic factors such as the region's economic stability and fiscal policies. Countries with strong economic growth and supportive fiscal policies are experiencing a higher adoption rate of public cloud solutions, including PaaS. Additionally, the region's increasing investment in digital infrastructure and emphasis on digital transformation is driving the demand for PaaS solutions. However, economic challenges and limited investment in technology may hinder the growth of the market in some countries. The growing demand for cost-effective and scalable cloud solutions, coupled with the region's rapidly developing IT industry, is expected to drive the growth of the PaaS market in Eastern Europe.

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.