Platform as a Service - Ireland | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$1.34bn 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 18.11%, resulting in a market volume of US$3.08bn 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 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.

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.