Platform as a Service - Finland | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$1.07bn 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 16.74%, resulting in a market volume of US$2.31bn 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 Finland nan is experiencing substantial growth, propelled by factors such as the increasing demand for digital solutions, rising awareness of health and wellness, and the convenience of online health services. This growth is largely influenced by the increasing adoption of digital technologies and the growing trend towards a more digitally-driven society.

Customer preferences: As the demand for digital transformation continues to grow, there has been a notable increase in the adoption of Platform as a Service (PaaS) in the Public Cloud Market in Finland. This can be attributed to the cultural emphasis on efficiency and innovation, as well as the country's high internet penetration rate and tech-savvy population. Furthermore, the shift towards remote work and virtual collaboration has accelerated the need for PaaS solutions, offering businesses more agility and flexibility in managing their operations.

Trends in the market: In Finland, the Platform as a Service Market within the Public Cloud market is seeing a shift towards hybrid cloud solutions, with businesses opting for a combination of public and private cloud services. This trend is driven by the need for greater flexibility and cost efficiency. Additionally, there is a growing demand for AI and machine learning capabilities within PaaS, as companies look to leverage data analytics for improved decision-making and customer insights. These trends are significant as they indicate a move towards more customized and efficient cloud solutions, with potential implications for industry stakeholders such as increased competition and the need for upskilling in emerging technologies.

Local special circumstances: In Finland, the Platform as a Service Market within the Public Cloud Market is influenced by the country's strong focus on digitalization and advanced technology adoption. The government's initiatives to promote cloud computing and data-driven solutions have created a favorable environment for PaaS providers. Additionally, the country's high level of internet penetration and tech-savvy population have also contributed to the growth of the market. The market is also influenced by the country's strict data privacy regulations, which prioritize the protection of personal data, making it a trusted location for data storage and processing.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Finland is impacted by several macroeconomic factors. The country's strong economic health, stable political environment, and supportive government policies have created a conducive market for cloud services. Additionally, the growing adoption of digital transformation strategies by businesses and the increasing demand for agile and scalable IT solutions are driving the growth of the public cloud market in Finland. Furthermore, the country's focus on innovation and investments in digital infrastructure have also contributed to the expansion of the Platform as a Service Market in the public cloud sector.

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.