Platform as a Service - Greece | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$240.70m 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 16.23%, resulting in a market volume of US$510.70m 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 Greece has seen significant growth, driven by increasing adoption of digital technologies, growing health awareness, and convenience of online health services. This market has experienced substantial growth, with various factors impacting the growth rate.

Customer preferences: The Greek market for Platform as a Service within the Public Cloud Market is witnessing a rise in demand for digital solutions in the healthcare sector. This trend is driven by the need for convenient and timely medical advice, as well as remote monitoring and management of chronic conditions. Additionally, there is a growing interest in digitized fitness and wellness solutions, reflecting a shift towards prioritizing health and well-being among consumers. Demographic shifts towards a tech-savvy and health-conscious population are also contributing to this trend.

Trends in the market: In Greece, the Platform as a Service Market within the Public Cloud Market is experiencing a shift towards more customizable and user-friendly solutions. This trend is driven by the increasing demand for efficient and cost-effective cloud services, as well as the rise of digital transformation initiatives in various industries. This trajectory is significant as it offers businesses the flexibility to tailor their cloud services to their specific needs, while also streamlining their operations. For industry stakeholders, this trend presents opportunities for growth and innovation, as well as the potential to improve customer satisfaction and gain a competitive edge in the market. However, it also poses challenges such as ensuring data privacy and security, as well as the need for skilled professionals to manage these complex cloud environments. Overall, the current trend in Greece's Platform as a Service Market within the Public Cloud Market highlights the importance of keeping up with technological advancements and adapting to the evolving needs of businesses.

Local special circumstances: In Greece, the Platform as a Service Market within the Public Cloud Market is influenced by the country's geographical location as a gateway between Europe, Asia, and Africa. This has led to a diverse mix of cultures and languages, making it a complex and unique market. Additionally, Greece's regulatory environment, which has historically been strict, is now undergoing changes to accommodate the growing demand for cloud services. These factors play a significant role in shaping the market dynamics, attracting foreign investments, and driving innovation in the PaaS market.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Greece is impacted by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. With the increasing adoption of cloud computing and the rise of digital transformation initiatives, Greece's public cloud market is expected to experience significant growth. Additionally, the government's initiatives to promote digitalization and investments in modernizing the country's IT infrastructure are driving the demand for Platform as a Service solutions. However, factors such as high unemployment rates and the country's economic instability may hinder market growth to some extent.

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.