Platform as a Service - Myanmar | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$51.53m 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 18.86%, resulting in a market volume of US$122.20m 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

In Myanmar, the Platform as a Service market within the Public Cloud market is experiencing substantial growth. This is driven by factors such as increasing awareness and adoption of digital technologies, and the convenience of online health services. The market's growth rate is largely impacted by the country's growing economy and efforts to modernize its healthcare system.

Customer preferences: With the rise of digitalization and the increasing need for remote collaboration and communication, there has been a growing demand for Platform as a Service solutions in the Public Cloud Market in Myanmar. This is driven by the shift towards remote work and the need for scalable and flexible cloud-based solutions. Additionally, the digital transformation of businesses and the adoption of cloud services by government organizations have also contributed to the growth of the Platform as a Service market in Myanmar.

Trends in the market: In Myanmar, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, with more businesses adopting these services for cost-efficiency and scalability. This trend is expected to continue, with the market projected to grow at a significant rate in the coming years. This shift towards cloud-based platforms has significant implications for industry stakeholders, as it allows for easier access to advanced technologies and global markets. It also highlights the need for strong cybersecurity measures to protect sensitive data in the cloud.

Local special circumstances: In Myanmar, the Platform as a Service Market within the Public Cloud Market is growing due to the country's rapidly expanding telecommunications industry and increasing government support for digital transformation. However, the market is also facing challenges such as limited internet infrastructure and low digital literacy rates. These unique factors have led to the emergence of local cloud service providers and the adoption of hybrid cloud solutions to cater to the needs of businesses and organizations in Myanmar. Additionally, the country's strict data localization laws and political instability may also impact market dynamics.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market market in Myanmar is also influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in digital infrastructure. Myanmar's economic growth and stability have improved in recent years, creating a conducive environment for businesses and foreign investment. The government has also implemented policies to promote the adoption of digital technologies, including the development of a national digital economy strategy. As a result, there is a growing demand for cloud services, including Platform as a Service, to support the country's digital transformation and drive economic growth.

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.