Platform as a Service - Ukraine

Ukraine

Revenue in the Platform as a Service market is projected to reach US$147.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.23%, resulting in a market volume of US$339.60m by 2029.
The average spend per employee in the Platform as a Service market is projected to reach US$7.56 in 2024.
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

Market

Region

Region comparison

Currency

Analyst Opinion

The Platform as a Service market in Ukraine is experiencing significant growth and development.

Customer preferences: Ukrainian businesses are increasingly adopting Platform as a Service (PaaS) solutions as they offer a range of benefits. PaaS allows companies to quickly and easily develop, test, and deploy applications without the need for significant investment in infrastructure or software. This is particularly appealing to small and medium-sized enterprises (SMEs) in Ukraine, as it enables them to compete with larger companies by reducing costs and increasing agility. Additionally, PaaS solutions provide scalability and flexibility, allowing businesses to easily adjust their resources based on demand.

Trends in the market: One of the key trends in the Ukrainian PaaS market is the adoption of cloud-native technologies. Cloud-native platforms enable businesses to develop and deploy applications that are specifically designed for cloud environments, taking advantage of the scalability and flexibility offered by PaaS. This trend is driven by the increasing use of microservices architecture and containerization technologies, which allow for faster development and deployment of applications. Ukrainian businesses are embracing these technologies to improve their competitiveness and deliver innovative solutions to their customers. Another trend in the market is the growing demand for PaaS solutions that support multi-cloud and hybrid cloud environments. Ukrainian businesses are recognizing the importance of having the flexibility to choose the most suitable cloud provider for their specific needs, as well as the ability to seamlessly integrate with on-premises infrastructure. PaaS solutions that offer support for multiple cloud providers and hybrid environments are becoming increasingly popular, as they provide businesses with the freedom to choose the best combination of cloud services and infrastructure for their unique requirements.

Local special circumstances: Ukraine has a vibrant and rapidly growing IT industry, with a large pool of skilled software developers and engineers. This has contributed to the country's emergence as a leading destination for IT outsourcing and software development services. The availability of a highly skilled workforce at competitive rates makes Ukraine an attractive location for businesses looking to leverage PaaS solutions. Ukrainian companies are also increasingly developing their own PaaS offerings, capitalizing on the local talent pool and the growing demand for cloud-based solutions.

Underlying macroeconomic factors: The Ukrainian economy has been experiencing steady growth in recent years, with a focus on attracting foreign investment and promoting innovation and entrepreneurship. The government has implemented a number of initiatives to support the development of the IT sector, including the creation of technology parks and the introduction of tax incentives for IT companies. These factors have created a favorable business environment for the adoption of PaaS solutions, as businesses are encouraged to embrace new technologies and digital transformation. In conclusion, the Platform as a Service market in Ukraine is thriving due to customer preferences for cost-effective and agile solutions, the adoption of cloud-native technologies, the demand for multi-cloud and hybrid cloud environments, the availability of a skilled workforce, and the supportive macroeconomic factors. Ukrainian businesses are leveraging PaaS solutions to drive innovation, improve competitiveness, and meet the evolving needs of their customers.

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.