Platform as a Service - Egypt | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$259.70m 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 26.54%, resulting in a market volume of US$842.70m 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 Egypt is facing subdued growth, influenced by factors such as limited awareness among consumers, lack of technological infrastructure, and low adoption of online health services. Despite this, the market is expected to show steady growth due to increasing government initiatives and rising demand for cost-effective solutions.

Customer preferences: The rise of remote work and e-learning due to the COVID-19 pandemic has accelerated the adoption of cloud-based solutions in Egypt, leading to a growing demand for Platform as a Service (PaaS) in the country. This trend is driven by the need for efficient and flexible digital tools to support remote collaboration and learning. Additionally, the government's initiatives to promote digital transformation and entrepreneurship are also fueling the growth of PaaS in Egypt.

Trends in the market: In Egypt, there is a growing trend towards using Platform as a Service (PaaS) within the Public Cloud Market. This is driven by the increasing demand for cost-effective and flexible cloud solutions among businesses of all sizes. As a result, PaaS providers are expanding their offerings to cater to the specific needs of the Egyptian market, such as localized data centers and support for Arabic language. This trend is expected to continue in the coming years, providing opportunities for industry stakeholders to tap into the growing market. Additionally, with the government's efforts to promote digital transformation and entrepreneurship, PaaS adoption is likely to accelerate, making it an attractive market for investors and startups.

Local special circumstances: In Egypt, the Platform as a Service Market within the Public Cloud Market is driven by the country's growing tech-savvy population and government initiatives to promote digital transformation. The rise of e-commerce and digital banking has also created a demand for cloud-based services, leading to the growth of the public cloud market. Additionally, the country's strategic location and access to international submarine cables make it an ideal location for data centers, further fueling the growth of Platform as a Service solutions.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Egypt is also influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. As a rapidly developing country with a strong focus on digital transformation, Egypt has allocated significant resources to improve its IT infrastructure and promote digital innovation. This has created a favorable environment for the growth of the Platform as a Service Market, as more businesses and organizations adopt cloud-based solutions to streamline their operations and increase efficiency. Moreover, the increasing internet penetration and the rise of e-commerce in the country are also contributing to the demand for cloud-based services, further propelling the growth of the market. However, challenges such as economic instability and political uncertainties may hinder market growth, as they can impact business confidence and investment decisions. Therefore, it is crucial for the government to maintain a stable economic environment and continue to support the development of the digital economy to sustain the growth of the Platform as a Service Market within the Public Cloud Market in Egypt.

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.