Platform as a Service - Kuwait | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$56.80m 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 15.93%, resulting in a market volume of US$118.90m 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 Public Cloud Market in Kuwait is seeing substantial growth, with Platform as a Service driving this trend. Factors such as the rising demand for digital solutions and the convenience of online services are fueling this growth rate.

Customer preferences: As more businesses in Kuwait adopt public cloud technology, there is a growing demand for Platform as a Service (PaaS) solutions. This trend is driven by the need for agile and scalable IT infrastructure to support digital transformation initiatives. Additionally, there is a growing preference for PaaS offerings that cater to specific industry verticals, such as healthcare, finance, and retail. These solutions offer specialized tools and services that can address industry-specific challenges and compliance requirements, making them increasingly popular among businesses in Kuwait.

Trends in the market: In Kuwait, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions as businesses prioritize digital transformation. This trend is expected to continue, with a growing focus on hybrid cloud environments and the adoption of microservices architecture. For industry stakeholders, this presents opportunities for partnerships and collaborations to enhance PaaS offerings and cater to evolving customer needs. Additionally, there may be implications for traditional IT service providers as businesses shift towards cloud-based solutions.

Local special circumstances: In Kuwait, the Platform as a Service Market within the Public Cloud Market is influenced by the country's small size and high concentration of government and oil sector clients. This creates a unique market dynamic, with a strong focus on security and data protection. Additionally, cultural norms in Kuwait place a high value on personalized and tailored services, which has led to the emergence of specialized PaaS solutions catering to specific industries. Moreover, the government's initiatives to promote digital transformation and diversify the economy have also contributed to the growth of the PaaS market in Kuwait.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Kuwait is largely influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Kuwait's strong economic growth and increasing investments in digital infrastructure have created a favorable environment for the adoption of cloud-based services, including PaaS. Moreover, the government's efforts to diversify its economy and promote entrepreneurship have also contributed to the growth of the PaaS market in the country. Additionally, the increasing demand for digital transformation across various industries, coupled with the rising need for cost-effective and scalable solutions, is driving the demand for PaaS in Kuwait.

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.