Platform as a Service - Ireland

  • Ireland
  • Revenue in the 0 market in Ireland is projected to reach US$1.34bn in 2024.
  • Ireland's Platform as a Service market dominates the market with a projected market volume of 0 in 2024.
  • Revenue in Ireland is expected to show an annual growth rate (CAGR 2024-2029) of 18.11%, resulting in a market volume of US$3.08bn by 2029.
  • In global comparison, most revenue will be generated the United States (US$91,020.00m in 2024).
  • Ireland's Platform as a Service market is increasingly driven by its robust tech ecosystem, fostering innovation and attracting global cloud service providers.

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 in Ireland is currently experiencing exponential growth, driven by factors such as the increasing adoption of digital technologies, growing awareness about health, and the convenience of online health services. This elevated growth rate can be attributed to the country's strong digital infrastructure and government initiatives to promote digital health solutions.

Customer preferences:
As businesses in Ireland continue to embrace cloud technology, there is a growing preference for Platform as a Service (PaaS) solutions over traditional infrastructure. This shift is driven by the need for agile, scalable and cost-effective solutions to support digital transformation. Additionally, cultural nuances such as the Irish emphasis on innovation and efficiency, as well as a young and tech-savvy population, are further propelling the adoption of PaaS in the public cloud market.

Trends in the market:
In Ireland, there has been a significant increase in the adoption of Platform as a Service (PaaS) within the Public Cloud market. This trend is being driven by the growing demand for scalable and cost-effective solutions for application development and deployment. Additionally, there has been a rise in the use of PaaS for data analytics and artificial intelligence applications. This trajectory is expected to continue as more businesses realize the benefits of PaaS and its ability to streamline operations and increase efficiency. Industry stakeholders will need to stay abreast of these trends and adapt their strategies accordingly to stay competitive in the market. Furthermore, the increasing usage of PaaS in Ireland could have implications for traditional software vendors, as businesses may shift towards subscription-based models rather than purchasing software outright. The expansion of PaaS in the Public Cloud market also presents opportunities for new players to enter the market and offer innovative solutions to meet the evolving needs of businesses.

Local special circumstances:
In Ireland, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's strong tech industry and favorable business environment. The government's investment in digital infrastructure and initiatives such as the Digital Innovation Hub has created a thriving ecosystem for cloud computing. Additionally, the country's skilled workforce and cultural emphasis on innovation have attracted major players in the market, making Ireland a leading destination for public cloud services.

Underlying macroeconomic factors:
The Platform as a Service Market in Ireland is heavily impacted by macroeconomic factors such as the country's economic stability, favorable regulatory environment, and government support for technological advancements. Ireland's strong investment in digital infrastructure and its highly educated workforce have made it an attractive market for cloud computing services. Furthermore, the country's participation in the European Union and its robust economy have also contributed to the growth of the Public Cloud market, including the Platform as a Service segment. With a stable economic outlook and a supportive regulatory environment, Ireland is well-positioned to continue its growth in the Public Cloud market, particularly in the Platform as a Service segment.

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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