Platform as a Service - Jordan

Jordan

In Jordan, revenue in the 0 market is projected to reach US$48.73m in 2024.
The Platform as a Service market dominates the market within the country, with a projected market volume of 0 in 2024.
Revenue in Jordan is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 18.90%, resulting in a market volume of US$115.80m by 2029.
In a global context, the majority of revenue will be generated the United States, which is expected to reach US$91,020.00m in 2024.
Jordan's Platform as a Service market is increasingly attracting local startups, fostering innovation and digital transformation amidst regional economic challenges.

Key regions: United States, Italy, Australia, Netherlands, Japan

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Analyst Opinion

The Public Cloud Market in Jordan nan is experiencing substantial growth due to the increasing adoption of Platform as a Service and the convenience offered by online services. This growth is driven by the rising demand for digital solutions and the growing awareness of the benefits of digital health.

Customer preferences: The Platform as a Service Market within the Public Cloud Market in Jordan has seen a growing demand for cloud-based solutions that cater to the country's unique cultural and demographic landscape. With a large youth population, there is a strong preference for user-friendly and mobile-friendly platforms that offer a seamless experience. Additionally, the rise of e-commerce and online businesses has led to a need for scalable and customizable cloud-based solutions to support their growth. This has resulted in a surge in demand for Platform as a Service offerings that cater specifically to the needs of Jordanian businesses.

Trends in the market: In Jordan, the Platform as a Service Market within the Public Cloud Market is witnessing a surge in demand for cloud-based solutions as companies increasingly recognize the benefits of scalability, cost-effectiveness, and flexibility. This trend is expected to continue as more businesses adopt digital transformation strategies and shift towards a cloud-first approach. This shift also presents opportunities for local cloud service providers and creates a competitive landscape. Additionally, the rise in data privacy concerns is driving the demand for secure cloud offerings and compliance solutions, further propelling the growth of the market. As a result, we can expect to see continued investment in the development of cloud-based services and solutions, partnerships between cloud service providers and other industry players, and an overall increase in market competition.

Local special circumstances: In Jordan, the Platform as a Service Market within the Public Cloud Market is influenced by the country's unique regulatory circumstances. The government has implemented strict data privacy laws, which have resulted in the development of secure and compliant cloud services. Additionally, the country's strategic location in the Middle East makes it an ideal hub for international cloud providers, attracting investment and driving market growth. The increasing demand for digital transformation in various industries, combined with the government's support for ICT development, also contribute to the thriving PaaS market in Jordan.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Jordan is heavily impacted by macroeconomic factors such as the country's economic stability, investment in digital infrastructure, and government policies promoting innovation and technology adoption. Jordan's stable economy and favorable regulatory environment have attracted significant foreign investment, leading to the growth of the digital economy. Additionally, the country's young and tech-savvy population is driving the demand for cloud-based services, including Platform as a Service, to support their businesses and drive economic growth. Moreover, the government's initiatives to develop a robust digital infrastructure and promote entrepreneurship have further accelerated the adoption of Platform as a Service in Jordan.

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.