Platform as a Service - Estonia | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$31.54m 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 18.64%, resulting in a market volume of US$74.15m 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 within the Public Cloud Market in Estonia is experiencing elevated growth rate, driven by factors such as increasing adoption of digital technologies, growing awareness of the benefits of PaaS, and the convenience of online services.

Customer preferences: There has been a growing demand for flexible and customizable cloud solutions in Estonia, leading to a rise in popularity of Platform as a Service offerings within the Public Cloud Market. This trend is driven by an increasing number of businesses seeking to streamline their operations and reduce costs through cloud-based solutions. Additionally, the country's tech-savvy population and government initiatives promoting digitalization are contributing to the growth of the Platform as a Service Market in Estonia.

Trends in the market: In Estonia, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based application development and deployment. This trend is driven by the country's focus on digital transformation and the adoption of agile methodologies in software development. Furthermore, the emergence of DevOps practices and the increasing use of containerization technologies are propelling the growth of the market. These trends are significant as they enable businesses to quickly develop and deploy applications, reducing time to market and enhancing scalability. As a result, industry stakeholders can expect increased competition and the need to continually innovate to remain relevant in the market. Additionally, there may be a shift towards more cost-effective and efficient cloud-native solutions, impacting traditional software providers.

Local special circumstances: In Estonia, the Platform as a Service Market within the Public Cloud Market is experiencing significant growth due to the country's strong focus on digitalization and its highly developed ICT infrastructure. The government's support for startups and innovation has also led to a thriving tech ecosystem, attracting both local and international players in the market. Additionally, the country's small size and close-knit community have created a collaborative and competitive environment, fostering innovation and driving market growth.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Estonia is also influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing digitalization of businesses and the growing demand for cost-effective and efficient IT solutions are driving the adoption of Platform as a Service in the public cloud market.

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.