Platform as a Service - EMEA

  • EMEA
  • Revenue in the Platform as a Service market is projected to reach US$48.85bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.61%, resulting in a market volume of US$109.90bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$91,020.00m in 2024).

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Platform as a Service (PaaS) market in EMEA is experiencing a rapid growth rate, driven by factors such as the increasing adoption of cloud technologies, rising demand for public cloud services, and growing awareness of the benefits of PaaS solutions. This elevated growth is impacted by the convenience and scalability offered by PaaS, as well as the shift towards digital transformation in the region.

Customer preferences:
The Platform as a Service Market within the Public Cloud Market in EMEA is experiencing a growing demand for online collaboration and productivity tools, as remote work becomes increasingly prevalent. This trend is driven by the need for seamless communication and project management, as well as a desire for more flexible and efficient ways of working. Additionally, the rise of virtual events and conferences due to the pandemic has also contributed to the adoption of cloud-based platforms for hosting and managing such events.

Trends in the market:
In EMEA, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in adoption, driven by the increasing demand for scalable and cost-effective solutions. This trend is expected to continue as more businesses prioritize digital transformation and move towards cloud-based infrastructures. Additionally, there is a growing focus on hybrid cloud models, combining the flexibility of public cloud with the security and control of private cloud. This shift towards hybrid cloud is significant for industry stakeholders, as it offers a more seamless and agile approach to cloud computing. It also presents opportunities for providers to offer integrated solutions and services to cater to this market segment's specific needs. Overall, these trends point towards a promising future for the Platform as a Service Market within the Public Cloud Market and highlight the importance of agility and flexibility in meeting the evolving demands of businesses.

Local special circumstances:
In Europe, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the General Data Protection Regulation (GDPR) which imposes strict regulations on the collection, storage, and processing of personal data. This has led to the development of innovative data protection solutions and increased demand for secure cloud platforms. Additionally, cultural differences in data privacy attitudes and the varying levels of adoption of cloud technology across countries have a significant impact on the dynamics of this market.

Underlying macroeconomic factors:
The growth of the Platform as a Service Market within the Public Cloud Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong government support and investments in digital technologies are experiencing faster market growth compared to regions with limited government support and funding. Additionally, the increasing adoption of cloud-based solutions by enterprises and the growing demand for cost-effective and scalable IT infrastructure are driving the growth of the Platform as a Service Market within the Public Cloud Market.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)