Platform as a Service - Morocco

Morocco

Revenue in the Platform as a Service market is projected to reach US$167.10m 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 18.91%, resulting in a market volume of US$397.20m 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

Market

Region

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Analyst Opinion

The Platform as a Service market in the Public Cloud Market in Morocco is experiencing rapid growth due to the country's elevated growth rate and various factors such as increasing demand for digital technologies, growing health awareness, and the convenience of online health services.

Customer preferences: As the demand for digital transformation and automation continues to rise in Morocco, there is a growing preference for Platform as a Service solutions within the Public Cloud Market. This is largely driven by a shift towards digital business models and a desire for agile and scalable solutions. Additionally, with the country's young and tech-savvy population, there is a strong demand for innovative and user-friendly platforms that can support a variety of business needs. As a result, providers are increasingly investing in localized offerings and targeting specific industries to cater to the unique cultural preferences and business landscape in Morocco.

Trends in the market: In Morocco, the Platform as a Service Market within the Public Cloud Market is experiencing a rise in demand for cross-platform integration solutions, as businesses seek to streamline their operations and improve efficiency. This trend is expected to continue, as more companies adopt cloud-based solutions and seek to capitalize on the benefits of platform-as-a-service offerings. This trajectory highlights the growing importance of cloud computing in Morocco and the potential for increased competition in the market. For industry stakeholders, this trend presents an opportunity for growth and innovation, but also brings the challenge of adapting to a rapidly evolving market and meeting the changing needs of customers.

Local special circumstances: In Morocco, the demand for Platform as a Service within the Public Cloud Market is driven by the country's government initiatives to promote digital transformation and the increasing adoption of cloud-based services by businesses. The market also benefits from Morocco's strategic location as a gateway to Europe and Africa, attracting international companies to invest in the region. Additionally, the country's growing tech-savvy population and favorable regulatory environment for digital services contribute to the market's growth.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in Morocco is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. The country’s favorable regulatory environment and increasing investment in digital technologies have contributed to the rapid adoption of cloud-based services, including PaaS. Moreover, the rising demand for digitization in various industries, especially in the wake of the COVID-19 pandemic, has further propelled the growth of the market. Additionally, the country's stable economic growth and increasing focus on modernizing its public infrastructure have created a conducive environment for the growth of the PaaS market.

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.