Platform as a Service - New Zealand

New Zealand

Revenue in the Platform as a Service market is projected to reach US$0.85bn 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 18.07%, resulting in a market volume of US$1.95bn 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 within the Public Cloud Market in New Zealand is experiencing considerable growth, thanks to factors like the increasing adoption of cloud technologies, growing awareness about online services, and the convenience they offer. This growth is driven by the country's thriving tech industry and the increasing demand for cost-effective and efficient cloud solutions.

Customer preferences: With the growing adoption of cloud computing, the Platform as a Service market within the Public Cloud Market in New Zealand has seen a significant increase in demand. This can be attributed to the rising trend of businesses transitioning to digital platforms for their operations and the need for cost-effective and scalable solutions. Additionally, the emergence of a tech-savvy and digitally connected population has further fueled the demand for PaaS services, leading to a highly competitive market with a focus on innovation and customer-centric offerings.

Trends in the market: In New Zealand, the Platform as a Service market within the Public Cloud Market is experiencing a significant rise in demand for hybrid cloud solutions. This trend is driven by the need for greater flexibility and scalability, as well as the desire to reduce costs and improve efficiency. As a result, industry stakeholders are investing in developing and offering advanced hybrid cloud platforms to meet this growing demand. This trend is expected to continue in the coming years, with potential implications for businesses to adopt hybrid cloud solutions to stay competitive in the market.

Local special circumstances: In New Zealand, the Platform as a Service Market within the Public Cloud Market is driven by the country's small and agile tech industry, favorable government policies, and strong adoption of cloud computing. The market is also influenced by the country's unique geography, with its isolated and dispersed population creating a demand for remote and efficient cloud solutions. Additionally, the country's strong focus on sustainability and environmental conservation has led to the emergence of eco-friendly cloud services, catering to the growing demand for responsible and ethical business practices.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in New Zealand is significantly impacted by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. The country's strong economic health and stable fiscal policies have created a favorable environment for businesses to adopt cloud-based solutions. Furthermore, the increasing focus on digital transformation and the government's initiatives to promote the adoption of cloud-based services in various industries are driving the demand for Platform as a Service solutions in the country. Additionally, the growing need for cost-effective and scalable solutions has also contributed to the growth of the market in New Zealand.

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.