Platform as a Service - Greece

  • Greece
  • Revenue in the Platform as a Service market is projected to reach US$240.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.24%, resulting in a market volume of US$510.70m by 2029.
  • The average spend per employee in the Platform as a Service market is projected to reach US$49.86 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 Greece is experiencing significant growth and development, driven by a number of key factors.

Customer preferences:
Customers in Greece are increasingly turning to Platform as a Service (PaaS) solutions due to their numerous benefits. PaaS offers a cost-effective and scalable solution for businesses, allowing them to easily develop, deploy, and manage applications without the need for extensive infrastructure and technical expertise. This is particularly appealing to small and medium-sized enterprises (SMEs) in Greece, who may have limited resources and budget constraints. Additionally, PaaS provides the flexibility to quickly adapt to changing market demands and enables businesses to focus on their core competencies rather than IT infrastructure management.

Trends in the market:
One of the major trends in the PaaS market in Greece is the growing adoption of cloud computing. Cloud-based PaaS solutions offer numerous advantages, including easy accessibility, scalability, and cost-efficiency. As businesses in Greece increasingly recognize the benefits of cloud computing, they are embracing PaaS solutions to streamline their operations and drive innovation. This trend is further fueled by the advancements in technology and the availability of reliable and secure cloud infrastructure in the country. Another trend in the PaaS market in Greece is the rise of mobile applications. With the growing popularity of smartphones and tablets, businesses are increasingly focusing on developing mobile applications to reach and engage with their customers. PaaS platforms provide the necessary tools and resources for businesses to develop and deploy mobile applications quickly and efficiently. This trend is particularly relevant in industries such as retail, hospitality, and e-commerce, where mobile apps have become an essential part of the customer experience.

Local special circumstances:
Greece has a vibrant and dynamic startup ecosystem, with a number of innovative and entrepreneurial ventures emerging in recent years. These startups often have limited resources and require flexible and cost-effective solutions to develop and launch their products. PaaS platforms provide the ideal environment for startups to rapidly prototype, test, and deploy their applications, without the need for significant upfront investment in infrastructure. This has contributed to the growth of the PaaS market in Greece, as startups leverage these platforms to accelerate their time to market and gain a competitive edge.

Underlying macroeconomic factors:
The economic challenges faced by Greece in recent years have also played a role in the development of the PaaS market. Businesses in Greece have been seeking ways to optimize their operations and reduce costs, and PaaS solutions offer a viable solution. By leveraging PaaS platforms, businesses can reduce their IT infrastructure costs, improve operational efficiency, and focus on their core business activities. Additionally, the availability of reliable and secure cloud infrastructure in Greece has further facilitated the adoption of PaaS solutions, as businesses can confidently migrate their applications to the cloud without concerns about data security or compliance. In conclusion, the Platform as a Service market in Greece is experiencing significant growth and development, driven by customer preferences for cost-effective and scalable solutions, as well as the trends of cloud computing and mobile applications. The local special circumstances, such as the vibrant startup ecosystem, also contribute to the growth of the market. Additionally, the underlying macroeconomic factors, including the need for cost optimization and the availability of reliable cloud infrastructure, further fuel the adoption of PaaS solutions in Greece.

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
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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