Platform as a Service - Mexico | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$2.22bn 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 17.49%, resulting in a market volume of US$4.98bn 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 Platform as a Service Market in Mexico is seeing extraordinary growth, thanks to factors like high adoption of digital technologies, increased health awareness, and the convenience of online health services. This market's growth rate is being impacted by various factors.

Customer preferences: As the adoption of cloud technology continues to grow in Mexico, there is an increasing demand for Platform as a Service (PaaS) solutions. This trend is driven by the desire for more efficient and cost-effective ways to develop and deploy applications. Additionally, there is a growing need for PaaS services that cater to specific industry requirements, such as healthcare, education, and finance. This is due to the cultural nuances and unique challenges faced by these industries, making specialized PaaS solutions more attractive to businesses. As a result, we can expect to see a rise in PaaS offerings tailored to meet the needs of these niche markets in the coming years.

Trends in the market: In Mexico, the Platform as a Service Market within the Public Cloud Market is experiencing an upward trend in the adoption of cloud-native technologies, such as containers and serverless computing. This trend is driven by the need for businesses to increase efficiency and reduce costs through automation. Additionally, the government's push towards digital transformation and the rise of startups are also contributing to the growth of the PaaS market. These trends are significant as they indicate a shift towards a more agile and scalable approach to software development and delivery. Industry stakeholders should take note of this trajectory and invest in PaaS solutions to stay competitive in the rapidly evolving Mexican market.

Local special circumstances: In Mexico, the Platform as a Service Market within the Public Cloud Market is growing due to the country's increasing adoption of digital technologies and its strategic location for serving both North and Latin American markets. Additionally, the government's efforts to modernize IT infrastructure and promote digital transformation have created a favorable environment for PaaS providers. However, the market faces challenges such as data privacy concerns and the influence of regulatory frameworks from neighboring countries.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Mexico is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in cloud technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for digital infrastructure. Additionally, the increasing digitization of businesses and the growing demand for agile and cost-effective cloud solutions are driving the demand for Platform as a Service in Mexico.

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.