Platform as a Service - Mauritius

  • Mauritius
  • Revenue in the Platform as a Service market is projected to reach US$13.28m in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.40%, resulting in a market volume of US$30.90m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$91,020.00m in 2024).

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

 
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Analyst Opinion

The Platform as a Service Market in Mauritius is seeing remarkable growth, fueled by the growing demand for digital solutions, increasing health consciousness, and the convenience of online health services. This extraordinary growth rate is being driven by advancements in technology and the government's efforts to promote digitalization in the public cloud market.

Customer preferences:
The rising adoption of cloud-based solutions in Mauritius has led to a growing demand for Platform as a Service offerings within the Public Cloud Market. With a tech-savvy population and increasing digitalization, there is a strong preference for scalable and flexible cloud services. In addition, the trend towards remote work and virtual collaboration has further accelerated the demand for PaaS solutions, providing businesses with the agility and efficiency needed to navigate a rapidly changing business landscape.

Trends in the market:
In Mauritius, the Platform as a Service (PaaS) market within the public cloud market is seeing a rise in demand for cloud-based solutions, as businesses look to adapt to the changing digital landscape. This trend is expected to continue in the coming years, with the increasing adoption of cloud computing and the need for efficient and cost-effective solutions. As a result, PaaS providers are expanding their offerings to cater to the growing demand, providing a wide range of services such as app development, data management, and analytics. This trend has significant implications for industry stakeholders, as it presents new opportunities for revenue growth and innovation. However, it also brings challenges in terms of security, data privacy, and vendor lock-in. Therefore, it is crucial for businesses to carefully evaluate their PaaS options and choose the right provider to stay competitive in the market.

Local special circumstances:
In Mauritius, the Platform as a Service Market within the Public Cloud Market is influenced by the country's small size and limited resources, leading to a high demand for cost-effective solutions. The government's initiatives to promote digital transformation and attract foreign investment have also created a favorable environment for the growth of the market. Additionally, the country's multicultural and multilingual population presents unique challenges and opportunities for service providers to cater to diverse customer needs. This has led to the development of innovative and tailored solutions for the local market.

Underlying macroeconomic factors:
The Platform as a Service Market within the Public Cloud Market in Mauritius is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. As a developing nation, Mauritius has a strong focus on promoting and investing in technology and innovation, making it an ideal market for PaaS solutions. The government's initiatives to improve digital infrastructure and promote digital transformation have also contributed to the growth of the PaaS market in the country. Moreover, the increasing demand for cost-effective and scalable cloud solutions, coupled with the rising adoption of digital technologies across industries, is expected to drive the growth of the PaaS market in Mauritius.

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
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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