Platform as a Service - Northern Africa

  • Northern Africa
  • Revenue in the Platform as a Service market is projected to reach US$0.87bn 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 20.06%, resulting in a market volume of US$2.17bn 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 PaaS market in Northern Africa is witnessing considerable growth in the public cloud market, driven by factors such as increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. These factors are impacting the market's growth rate significantly.

Customer preferences:
The Platform as a Service Market within the Public Cloud Market in Northern Africa is experiencing a growing demand for personalized and streamlined digital solutions. This is driven by the increasing adoption of mobile devices and the need for convenient and efficient access to services. As a result, there has been a rise in demand for cloud-based mobile applications and services, such as mobile banking and e-commerce, as well as a surge in the use of virtual assistants and chatbots for customer support and engagement. This trend is indicative of a larger shift towards a more connected and digitally-driven lifestyle among consumers in the region.

Trends in the market:
In Northern Africa, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions due to the increasing adoption of digital transformation strategies. This trend is driven by the need for cost-effective and scalable IT infrastructure, as well as the growing number of enterprises shifting towards a cloud-first approach. As a result, there is a rising interest in SaaS-based PaaS offerings, which enable organizations to develop, deploy, and manage applications without the need for on-premises infrastructure. This trend is expected to continue in the foreseeable future, as more businesses in the region recognize the benefits of leveraging cloud-based services for their IT needs. For industry stakeholders, this presents a significant opportunity to tap into a rapidly expanding market and offer tailored solutions to meet the specific needs of Northern African businesses. However, it also poses challenges in terms of competition and the need to continuously innovate to stay ahead of the curve.

Local special circumstances:
In Northern Africa, the Platform as a Service Market within the Public Cloud Market is influenced by the region's unique geopolitical landscape. With a diverse mix of countries, each with its own economic and regulatory policies, the market is shaped by varying levels of internet penetration, cultural attitudes towards technology, and government support for digital transformation. For example, in Egypt, the government has launched initiatives to promote digital innovation and entrepreneurship, leading to a growing demand for PaaS solutions. In contrast, in Algeria, strict regulations and limited internet access have hindered the growth of the PaaS market.

Underlying macroeconomic factors:
The growth of the Platform as a Service Market within the Public Cloud Market is also influenced by macroeconomic factors such as technological advancements, regulatory 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 IT funding. Additionally, the increasing digitization of businesses and the shift towards remote work due to the COVID-19 pandemic have further accelerated the demand for PaaS solutions, driving the market growth.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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