Platform as a Service - Ghana

  • Ghana
  • Revenue in the Platform as a Service market is projected to reach US$81.89m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.00%, resulting in a market volume of US$195.40m by 2029.
  • The average spend per employee in the Platform as a Service market is projected to reach US$5.42 in 2024.
  • 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

 
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Analyst Opinion

The Platform as a Service market in the Public Cloud Market of Ghana is experiencing considerable growth, driven by factors like the increasing use of digital technologies, growing health consciousness among consumers, and the convenience of online health services.

Customer preferences:
The Platform as a Service Market within the Public Cloud Market in Ghana is experiencing a rise in demand for online education and e-learning solutions. With the increasing adoption of technology and the need for remote learning options, consumers are turning to online platforms for education and training. This trend is further accelerated by the COVID-19 pandemic, which has forced schools and universities to shift to online learning. Additionally, the availability of affordable internet access and the convenience of online learning are also driving the growth of this market.

Trends in the market:
In Ghana, there is a growing trend of using Platform as a Service (PaaS) within the Public Cloud Market to improve operational efficiencies and reduce costs. This trend is expected to continue in the coming years, with the government and private sector embracing PaaS solutions to enhance their digital transformation efforts. This shift towards PaaS is significant as it allows for more agile and scalable IT infrastructure, enabling organizations to rapidly develop and deploy applications. This trend also has implications for industry stakeholders, as PaaS providers will have to continually innovate and offer competitive pricing to stay relevant in the market. Additionally, this trend opens up opportunities for local PaaS providers to enter the market and cater to the specific needs of Ghanaian businesses. Overall, the trajectory of PaaS adoption in Ghana is positive and is expected to drive growth in the Public Cloud Market.

Local special circumstances:
In Ghana, the Platform as a Service Market within the Public Cloud Market is influenced by the country's growing digital economy and the government's efforts to promote technology adoption. The market is also shaped by cultural factors, such as the preference for locally-developed solutions and the growing demand for cloud services among SMEs. Additionally, regulatory factors, such as data privacy laws and government incentives for digital transformation, play a crucial role in the market's growth and development.

Underlying macroeconomic factors:
The Platform as a Service Market within the Public Cloud Market in Ghana is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Ghana has experienced steady economic growth in recent years, with a stable political climate and a growing middle class. This has led to an increase in demand for cloud-based solutions, including Platform as a Service, as businesses look to streamline their operations and reduce costs. Additionally, the government of Ghana has implemented policies to promote digital transformation and attract foreign investment, further fueling the growth of the Public Cloud Market and the Platform as a Service market within it. However, challenges such as limited internet infrastructure and a skills gap in the IT sector may hinder the market's growth potential in the country.

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
  • Key Market Indicators
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