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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Sources: Statista Market Insights, Financial Statements of Key Players
The Platform as a Service Market in Portugal has seen substantial growth in the Public Cloud Market, driven by factors such as the increasing demand for digital solutions, growing awareness of health issues, and the convenience of online services. This growth rate is impacted by the country's strong focus on digital transformation and the increasing use of cloud services by businesses and individuals.
Customer preferences: The Platform as a Service Market within the Public Cloud Market in Portugal has seen a rise in demand for cloud-based collaboration tools and virtual event platforms, as more companies adopt remote work policies due to the COVID-19 pandemic. This trend is expected to continue as organizations prioritize flexibility and cost-effectiveness in their operations. Additionally, there is a growing preference for AI-powered solutions, such as chatbots and virtual assistants, to streamline customer support and enhance user experiences. This shift towards automation and digitalization is driven by the need for efficient and seamless processes in a fast-paced business landscape.
Trends in the market: In Portugal, the Platform as a Service Market within the Public Cloud Market is experiencing a significant growth in demand, with more businesses turning to cloud-based solutions for their IT needs. This trend is driven by the increasing adoption of digital transformation strategies and the need for cost-effective and scalable solutions. As a result, there is a rise in the availability of PaaS services, offering a wide range of features and integrations. This trend is expected to continue, with industry stakeholders focusing on enhancing their PaaS offerings to meet the evolving needs of businesses and maintain a competitive edge in the market. Additionally, this trend has implications for businesses, as they can benefit from increased efficiency, flexibility, and reduced costs by leveraging PaaS solutions.
Local special circumstances: In Portugal, the Platform as a Service Market within the Public Cloud Market has been steadily growing due to the country's favorable business climate and government support for digital transformation. Additionally, the country's strategic location and strong telecommunications infrastructure make it an ideal hub for international businesses to access the European market. Furthermore, Portugal's cultural emphasis on innovation and entrepreneurship has fostered a thriving startup ecosystem, resulting in a wide range of innovative PaaS solutions being developed and adopted in the market.
Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Portugal is affected by various macroeconomic factors. The country's strong economic growth and stability have attracted foreign investments, leading to the development of advanced digital infrastructure. Moreover, supportive government policies and investments in digitalization have accelerated the adoption of PaaS solutions in various industries. Additionally, the growing number of startups and small businesses in the country is creating a demand for cost-effective and scalable cloud services, further driving the growth of the PaaS market in Portugal. However, the market may face challenges due to the country's high corporate tax rate and strict data protection regulations.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights