Platform as a Service - Serbia | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$118.30m 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 20.65%, resulting in a market volume of US$302.50m 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 within the Public Cloud Market in Serbia has been experiencing elevated growth rate, fueled by factors such as increasing demand for digital solutions, growing awareness of health issues, and the convenience of online services.

Customer preferences: The Platform as a Service Market within the Public Cloud Market in Serbia has seen a rise in demand for user-friendly and customizable cloud-based solutions. This can be attributed to the growing trend of businesses embracing digital transformation and seeking flexible and scalable options to manage their operations. As the market becomes increasingly competitive, companies are also looking for PaaS offerings that can cater to their unique needs and provide advanced features such as machine learning and IoT integration. This shift towards personalized and agile cloud solutions is indicative of the evolving business landscape in Serbia and the growing importance of digital technologies in driving growth and innovation.

Trends in the market: In Serbia, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based services, with businesses and organizations increasingly adopting cloud infrastructure to streamline operations and reduce costs. This trend is expected to continue, as the country's digital economy grows and more businesses turn to cloud solutions for scalability and flexibility. As a result, there is a growing need for skilled professionals in cloud computing and a rise in partnerships between local and international cloud service providers. These developments have significant implications for industry stakeholders, such as increased competition, potential for market expansion, and the need for continuous innovation to meet evolving customer demands.

Local special circumstances: In Serbia, the Platform as a Service Market within the Public Cloud Market is influenced by the country's strong IT infrastructure and its strategic location in Europe. The government's initiatives to promote digital transformation and attract foreign investments have further accelerated the adoption of cloud-based solutions. Additionally, the country's lower labor costs and skilled workforce make it an attractive destination for global companies looking to leverage PaaS services. The growing demand for digital transformation in various industries, such as banking, healthcare, and manufacturing, is expected to drive the growth of the PaaS market in Serbia.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Serbia is strongly influenced by macroeconomic factors such as technological advancements and government initiatives to promote digital transformation. The country's growing IT sector and favorable regulatory environment have attracted global PaaS providers to invest in the market. Additionally, the increasing adoption of cloud services by businesses, coupled with the government's focus on modernizing its IT infrastructure, is driving the demand for PaaS solutions. However, the slow pace of economic growth and limited IT spending in the country may hinder market 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.