Platform as a Service - Taiwan | Statista Market Forecast

Revenue in the Platform as a Service market is projected to reach US$936.70m 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 18.03%, resulting in a market volume of US$2.15bn 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 Taiwan nan region is experiencing substantial growth, driven by factors such as increasing adoption of digital technologies, growing awareness of public health, and the convenience of online services. This growth rate is being impacted by the growing demand for cloud-based solutions and the government's initiatives to promote digital transformation in the healthcare industry.

Customer preferences: As more businesses in Taiwan turn to the public cloud for their IT infrastructure needs, there has been a noticeable increase in demand for Platform as a Service (PaaS) solutions. This is due to the growing trend of companies seeking to reduce their IT overhead costs while still maintaining high levels of flexibility and scalability. Additionally, with the rise of remote work and digital collaboration, PaaS offers a convenient and efficient way for teams to develop and deploy applications in a centralized and secure environment. This shift towards PaaS reflects the changing attitudes and preferences of consumers towards cloud-based solutions, as well as the increasing adoption of modern technologies in Taiwan's market.

Trends in the market: In Taiwan, the Platform as a Service Market within the Public Cloud Market is seeing a surge in demand for low-code and no-code platforms. This trend is driven by the need for faster application development and deployment, as well as the shortage of skilled developers. Additionally, there is a growing trend of hybrid cloud adoption, with organizations utilizing both public and private cloud services. This trend is significant as it allows for more flexibility and scalability while also addressing data security concerns. Industry stakeholders should take note of these trends and adapt their offerings accordingly to remain competitive in the market.

Local special circumstances: In Taiwan, the Platform as a Service Market within the Public Cloud Market is thriving due to the government's strong support for digital transformation and the country's high internet penetration rate. Additionally, the unique geographical location of Taiwan, situated between China and Japan, provides an advantageous position for businesses to expand into other Asian markets. Furthermore, Taiwan's cultural emphasis on technology and innovation has fostered a competitive environment for the growth of the Public Cloud Market, with a focus on developing advanced PaaS solutions.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in Taiwan is influenced by various macroeconomic factors. These include the country's strong economic growth and stable political environment, which have encouraged investment in cloud computing technologies. Additionally, the government's initiatives to promote digital transformation and support the growth of the digital economy have also contributed to the expansion of the market. Moreover, the increasing adoption of cloud-based services by enterprises of all sizes, driven by cost-efficiency and flexibility, has further boosted the demand for Platform as a Service solutions in Taiwan.

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.