Platform as a Service - South Africa

Revenue in the Platform as a Service market is projected to reach US$1.22bn 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 16.57%, resulting in a market volume of US$2.63bn 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 in the Public Cloud Market of South Africa is experiencing substantial growth, driven by the increasing adoption of digital technologies, growing health awareness, and the convenience of online health services. Factors such as government initiatives and the need for cost-effective solutions are also impacting this growth rate.

Customer preferences: The Platform as a Service Market within the Public Cloud Market in South Africa has seen a rise in demand for cloud-based solutions that cater to the growing need for remote work and collaboration. With the COVID-19 pandemic, businesses have shifted to a more digital approach, leading to an increased uptake of PaaS offerings. Furthermore, the rise in mobile and internet penetration in the country has also contributed to the growth of cloud-based platforms, making them accessible and convenient for a larger consumer base.

Trends in the market: In South Africa, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand for cloud-based solutions, as businesses look to streamline their operations and reduce costs. This trend is driven by the country's rapidly growing digital economy and the need for businesses to stay competitive. As a result, there is a sharp increase in the adoption of hybrid cloud models, where businesses use a combination of on-premise and cloud-based solutions. This trend is expected to continue in the coming years, with implications for industry stakeholders such as cloud service providers and businesses looking for cost-effective and efficient solutions.

Local special circumstances: In South Africa, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's unique regulatory environment. The Protection of Personal Information Act (POPIA) and the Promotion of Access to Information Act (PAIA) have strict requirements for the handling and storage of data, impacting the use of cloud services. Additionally, the country's diverse cultural and linguistic landscape poses challenges for service providers to cater to local needs. These factors shape the competitive landscape and drive innovation in the market.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in South Africa is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. As South Africa continues to develop its digital economy, the country is seeing an increase in the adoption of cloud-based solutions, including PaaS. The government's efforts to improve connectivity and promote digital innovation are also contributing to the growth of the market. However, economic challenges, such as high unemployment rates and slow economic growth, can potentially hinder market expansion. Therefore, the market's performance in South Africa is closely tied to the country's overall economic health and investment in digital transformation initiatives.

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.