Platform as a Service - Morocco | Statista Market Forecast

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

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.